Segment 1: Trading with the Greats SEGMENT BEGINS AT 00:41 A rules-based approach to trading has been economist/trading coach Jerry Robinson’s clarion call for many years. Listen as he shares seven important trading rules he has learned and adopted from three...
FTMDAILY – Yesterday’s mysterious three hour trading halt on the NASDAQ, which affected nearly $6 trillion in equity holdings, is officially being labeled as an unexplained “technical glitch.” Some have blamed the massive outage on high-speed computer trading algorithms. However, some experts are saying that this latest trading halt has all of the makings of a cyber attack.
While this may sound like an outlandish claim, U.S. financial institutions, banks, and credit unions have actually been the subject of a widespread set of cyber attacks allegedly launched by an Islamic group of hacktivists, known as the Cyber Fighters of Izz ad-Din al-Qassam. You can read about some of these cyber attacks here.
But claims of a cyber attack against the NASDAQ this week actually make sense when you consider the rash of similar outages that have hit major U.S. corporations over the last several days…
August 7, 2013… Apple experiences a major outage on many of its cloud based services for nearly three hours.
August 14, 2013… A major service outage hits numerous Microsoft cloud services including Hotmail, Outlook, and Skydrive
August 14, 2013… The New York Times website mysteriously goes down for nearly 90 minutes. Experts call it a “cyber attack,” but the NYTimes denies the claim.
August 19, 2013… Mysterious outage strikes Amazon.com and the Amazon Web Services cloud
August 22, 2013… NASDAQ experiences a mysterious three hour trading halt. Experts say it resembles a cyber attack but officials at NASDAQ are mum.
So, what do you think? Is this all a coincidence? Or are these just the latest events in an ongoing global cyber war?