So I have been in the computer business for 29 years, basically since computer became a device that you could use in your home. I want to share my thoughts on the latest Wall Street computer outage. They have now been down for 3 hours plus as I write this, and in the information technology business that is a lifetime. Also it is a serious problem, despite all the calls to the contrary.
Former New York City Mayor Rudy Giuliani slams #NYSE: They haven’t unfortunately thought out crisis management.
This statement should tell you everything you need to know about trusting wall street with your hard earned money. If you work for a living and are putting money aside you should not be putting it in the ‘markets’. Many people come across money easily, the rich get richer, and they invest in markets. That is great, but are you willing to play easy come easy go with your savings?
In my experience, they are vast amounts of men and women in IT, but very few who actually know what they are doing.