People v. Grasso

Mazzarelli, J.P. (dissenting).

The New York Stock Exchange

(NYSE or the Exchange), which traces its origins back to 1792, is the world’s largest equities market. On an average trading day in 2006, 2.3 billion shares, valued at $86.6 billion, were traded on the Exchange.1

That the NYSE plays a vital role in our state and federal economy is plain.

“The health of the U.S. economy is typically measured by the stock market. When stock prices rise, and there is a ‘bull market,’ U.S. business is assumed to be doing well. When stock prices fall and there is a ‘bear market,’ a downturn in business and the…