I know something about computer excuses. Some years ago the old PSE put me out of business as a bond trader when they told me the computer system would not clear bonds anymore. We are just, IMHO, seeing the beginning of further control of the markets with this latest, "due to technical diffuculties."
I e-mailed the SEC's Commissioners office this morning asking them what they were going to due about the stated $50 billion losses in pm shares that Sinclair stated on the jsmineset.com's website this morning related to naked shorting.
I have in an unresolved complaint from August 04, 2007 concerning a NYSE member that currently has not been addressed by the SEC's attorneys. I told the Commissioner that if I don't get satisfaction soon the case will be turned over to my US Senator.
The SEC belongs in the Hall of Shame.