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U.S. stock markets will close Monday and perhaps Tuesday due to concerns about market integrity...

U.S. stock markets will close Monday and perhaps Tuesday due to concerns about market integrity related to Hurricane Sandy, Reuters is reporting.
Comments (13)
  • they were closed for the duration of World War I. That actually turned out to be good news when that happened...
    28 Oct 2012, 10:56 PM Reply Like
  • Mitt Romney wanted to close FEMA in debates, and turn it over to states with little federal money. Protect the top 1% at all costs, make the bottom 99% support the 1%.
    28 Oct 2012, 10:58 PM Reply Like
  • you mean "make the 1% pay for that." besides...with Weather Weapons..."i fail to see the alternative" as they say...
    28 Oct 2012, 11:02 PM Reply Like
  • Hmmm, thought the vast majority of volume was electronic now. If so, why the need to close markets?
    28 Oct 2012, 11:30 PM Reply Like
  • yeah, surprised me as well. Probably for the best as being closed one day doesn't do a lot of harm. Almost a must to open on Tuesday. Can't let a storm shut down electronic markets for 2 days.
    28 Oct 2012, 11:39 PM Reply Like
  • While markets are electronic unfortunately the tech support is still very much human. Still need network, IT, web admins, etc to run electronic markets.
    28 Oct 2012, 11:56 PM Reply Like
  • "They" are saying that with order recoding and customer confusion over a partial shutdown it led them to be conservative. And it's starting to look like a Tuesday shutdown is settling in as a certainty with many of them.
    29 Oct 2012, 02:38 AM Reply Like
  • Pathetic. The West Coast sees easily a dozen storms a year no smaller than this one, and we don't shut our cities down. The East Coast does this kind of nonsense every year; either their infrastructure is hopefully brittle or they're just looking for an excuse for a day off. Perhaps we need to move the exchanges to a place they can remain open every day of the year every year.
    28 Oct 2012, 11:31 PM Reply Like
  • What part of West Coast sees these kind of storms each year? Florida and the Gulf states absolutely but West Coast? On the contrary West Coast would probably buckle under if it sees even half of the storms experienced by Florida and the Gulf states.
    28 Oct 2012, 11:51 PM Reply Like
  • You're confusing this with an actual hurricane of the kind Florida occasionally sees. This is nothing more severe than your average Gulf of Alaska storm, the kind the West Coast sees at least 10 of each year. Cat 5 storms will do serious damage anywhere, but very rarely make landfall. To place this storm in the same bucket as those is silly. This is a very weak category 1 hurricane, which is probably being categorised "conservatively" as part of a public awareness effort and is really at most an extratropical gale, and not a single point on land will see 64-knot winds, much less the 120+ knot winds of a major hurricane. If you read between the lines in the technical analysis by the meteorologists that's all very obvious. It's just a typical wind and rain storm. Nothing much to see, but they'll cover their asses just in case (taking a lesson from the Italian seismologists, because no one ever goes to jail for ordering needless evacuations and shutdowns). If a storm like that can really do $15B of damage, the eastern states need to take a very hard look at their infrastructure and emergency management practices. And that includes the exchanges.
    29 Oct 2012, 01:27 AM Reply Like
  • don't see anyone saying this is a Cat 5 but it is going to be one of the strongest storms to hit the east coast in the last few decades. And , uhh no but the west coast doesn't see one of these hit land a year , much less a dozen.
    29 Oct 2012, 03:21 PM Reply Like
  • If by West Coast the OP is referring to CA,OR,WA I would have to agree with Workinhard that in the past 2 decades at least I have yet to hear about a storm anywhere near the magnitude of Sandy hitting the Western states.
    29 Oct 2012, 03:49 PM Reply Like
  • A day without computers and algorithms doing their best to hose investors for the benefit of traders? I'll take as many of these as I can get. Good luck to all on the East Coast. Stay dry!
    29 Oct 2012, 01:21 AM Reply Like
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