United/Continental Airlines, NYSE, Wall Street Journal...
Obviously no one knows for sure yet. But Greece just defaulted on its debt, China's stock market crashed and halted and now the US stock market has been halted. The NYSE bosses COULD HAVE anticipated a huge drop (it opened down -170 this morning) and they are taking precaution not to let it completely bomb. If it does, the ripples might turn into shockwaves and we'll be right back to 2008 times 1000.
According to MarketWatch.com: "Chinese stocks took another sharp turn lower Wednesday, more listed companies rushed to halt trading in their shares, with more than 40% of the country’s stocks suspended by the time the session started, according to various media reports."
Media reports immediately began to report about the Chinese crisis, and some conspiracists suggest that the Chinese government wanted to silence the media, hence downing The Wall Street Journal and others in the United States, with a different story. Whether it was Greece, ISIS, China or NYSE bosses is anyone's guess, and some of the above may be in cahoots.
However, when the media tells you not "to panic," I call bull. The media is run by the giant corporations and the 1%ers who will be most devestated by a market crash. They don't want you to pull your money and put it under your mattress. God forbid a citizen do anythiing that might help level the largest inequality of wealth in this nation's history.
If this is NOT a hack, this is a dry run. Any moment there will be a briefing where the president, whom I love, will blame the bills he's TRIED to pass that have been haulted. Things he's tried to do but couldn't. I'd love to hear him say what is going to be done now... but even then, there are all those hoops to jump through.
WE ALL MUST ASK THE FEDERAL GOVERNMENT... WHO IS IN CHARGE HERE?
I mean, if you're going to get into a tin can and fly miles above the earth don't you want to know that the computers that run this tube are operating properly? And to think that Google wants us all in their driverless cars in 10 years!
Whatever happens. Whatever this is. Consumer confidence is going to plummet. Hack, cyber security, terrorism, poor infrastructure, failed routers, software glitches, blocked legislature, corporate greed...
NONE OF IT MATTERS. WHAT MATTERS IS THE IMPACT THIS WILL HAVE ON SOCIETY.