Long Live Open Outcry

Traders across the street today are probably still cross-eyed from a messy open in which bids and offers were more tangled and intertwined than bodies in the closing scene in Caligua as the Nasdaq’s computers suffered a brief meltdown.

The FUBAR open has left some traders out in the cold as the NASDAQ cancelled opening prints in Nektar Therapeutics and SCO Group

Although the confusion likely contributed to a weak open for stocks, the 4-letter critters quickly shrugged it off as the recent orgy in high beta names continues at mid-day, with technology issues outperforming and ramping into what might prove to be the final gasps of the requisite month-end markup.

The snafu is unlikely to slow the inexorable move to machine over man at exchanges around the globe, and the more charitable among you might want to take a NYSE specialist to lunch in the near future. 

After all, their calendars should soon be wide open. Sure beats letting them sleep on your couch.

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