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> Genuine question: They can just do that ? Issue a trading halt because they don't like the direction it's going ? This is a dangerous game, in that it is ind
by Hoasi 7y ago
> Genuine question: They can just do that ? Issue a trading halt because they don't like the direction it's going ?
This is a dangerous game, in that it is indeed revealing the artificial, make-belief, nature of financial markets.
- icebraining 7y agoWere people under the belief that financial markets grew on trees or were formed by lithification?
- Hoasi 7y agoThat's funny. But I was only pointing out that this is akin to markets saying: this game only works as long as we can change the rules. This kind of statement is not conducive to trust. Unfortunately, the whole financial field needs trust to thrive.
- icebraining 7y agoI'd agree if the rules had been changed on the fly, as a response to the current events, but they weren't. The rules were known and they were activated as expected.
- Hoasi 7y ago> The rules were known and they were activated as expected. True, if surprising to me. It's a rule from the onset. I didn't know that.