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Letter: No trading! So?

Three hours! A computer glitch on Aug. 22 caused a major stock market to stop trading for three hours. Traders were unable to gamble billions of dollars. Oh, the horror – the market lacked up-to-the-second share-price information. For three whole hours!

Okay, let’s start breathing again. During those three hours: Did a single baby go undelivered? Did a single widget fail to get manufactured? Was a single peach unpicked? Did airplanes fall out of the sky? Did electrons stop flowing through the grid?

The simple fact is that the entirely out of proportion significance of financial markets was – for three short hours – shown to be what it really is, just another great and powerful Oz.



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