Posted on 08/05/2024 9:06:26 AM PDT by hardspunned
Multiple brokerages, including Charles Schwab, Fidelity, Vanguard, TD Ameritrade, E-Trade, UPS, CenturyLink, and Interactive Brokers, are currently down and reporting errors amid market crashes.
(Excerpt) Read more at x.com ...
Amazing film, and highly applicable to today.
Inflation is my risk for sure. But I keep short maturities in bonds. When inflation picks up, bond interest seems to follow up.
If you like your securities you can keep your securities
“I’m retiring on the 31st.
You may have to change your plans.”
That would be silly. 10% corrections are normal and periodic and we’re nowhere near that yet. Corrections, crashes and recessions bring the best opportunities. 2008-9 was the last big one, it was great. I retired in 2009 and made out like crazy over the next 7 years.
Out of entertainment and speculative stocks into stocks of companies that surge during conflicts.
Not for my Schwab account, which opened right up.
Could be both
Have to give time for the big boys to liquidate their positions before the little fish exit.
It’s likely a capacity issue. I used to do traffic analysis for some large networks. It’s very expensive to build out to support the 1/10% days like this.
But when they come…you better have the statistics in a folder somewhere, because the boys upstairs are going to be asking.
A cyber attack during a financial crisis?
Cui bono?
No problems accessing my Fidelity account this morning. Had some difficulties logging into Charles Schwab but did get in and bought 4 shares of an ETF I hold and a slice on a single stock. Trades went smoothly. I think it there was a logjam of people just trying to check the carnage.
Got to let the big accounts sell first.
They locked out all day traders the last time the market crashed in 2008.
“The main people still able to trade would be major investors who can get a human broker to pick up the phone.”
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How do you know this?
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Reading comments on days like this very instructive as to why most people never get anywhere when it comes to investing.
At 6:30 am this morning, I placed an order with Vanguard to sell all shares in VTI and VT. At 9:35 am, I tried to log on to Vanguard, but the site had crashed. Right now, VTI and VI are trading slightly higher than my sell price this morning.
My trades executed this morning but it was on the open.
Online trading platforms down for thousands of users, Downdetector shows
https://finance.yahoo.com/news/online-trading-platforms-down-thousands-135815367.html
(Reuters) -Online brokerages including Charles Schwab and Fidelity Investments were down for thousands of users on Monday, according to outage tracking website Downdetector.com.
The reports come against the backdrop of a global rout, with Wall Street’s indexes tumbling at the open after weak economic data and drab second-quarter earnings sparked recession fears and prompted a rush out of everything from equities to crypto.
Schwab was down for more than 15,300 users while outage reports on Fidelty reached over 3,000, Downdetector showed.
The website tracks outages by collating status reports from several sources including users.
Vanguard and TD Ameritrade also saw thousands of outage reports, the website showed.
(Reporting by Niket Nishant in Bengaluru; Editing by Sriraj Kalluvila)
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