That's pathetic that they paused the markets like that, they should let the market Fu©king free fall and stop with the nonsense...it's like the circuit breakers on wallstreet. Remove them and let the market do what it needs to do. If it drops 18% in a day so be it...tired of this Fu©king nonsense, they created all this algorithm trading fiasco with computers doing the trading...
The SEC needs to contain the coding issue, a lot less companies are going public, by 2030 there will be less then 2000 public companies in the US guaranteeed. PE/VC Routes are the way of the future it seems. If they do not contain the Trend Following Algorithms who are trading 90%+ of the market, there will be a lot less money in the market, rich money will invest more in Real Estate and Private Equity's. The more choppy and acts of randomness arise, the more investor confidence will go down, dumb money quant firms have been closing, hedge funds closing due to low performance and investors pulling money out. Being a master of making money in a bull or bear market is clutch, good options traders will always be alright but eventually cnbc and co will run out of excuses on why there was a vicious sell off caused by news driven algo's who lose money, hopefully sooner then later these useless firms lose investor money and logic conquers once again, instead of Trend Following. It is a bit easier making money with dumb money Quants dominating the landscape, but very bad for overall aspect of trading/investing in the public market. Oil prices you pay at the gas are decided by codes written in C++ that lose the marbles off a trump tweet, it is not fair for your average consumer. You think public companies want to lose 10 % of there market cap in a day with absolutely no explanation why ?