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All US Equity Markets Closed Monday (And Maybe Tuesday) Due To Sandy
Late Updates - after a day of consultation and realization that if the algos were left alone to play then things could go a little pear-shaped - NYSE and NASDAQ will now be totally closed tomorrow:
- *U.S. EQUITY MARKETS TO CLOSE ON OCT. 29 FOR STORM, SEC SAYS
- *NEW YORK STOCK EXCHANGE TO CLOSE MARKETS FOR STORM
- *NASDAQ OMX MARKETS CLOSED TOMORROW ON HURRICANE SANDY :NDAQ US
- *CBOE TO CLOSE EXCHANGES OCT. 29 BECAUSE OF HURRICANE SANDY
Via NYSE:
"In consultation with other exchanges and market participants, NYSE Euronext will close its markets on Monday, Oct. 29, 2012 and pending confirmation on Tuesday, Oct. 30, 2012’’
"We support the consensus of the markets and the regulatory community that the dangerous conditions developing as a result of Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities, and safety must be our first priority’’
"We will work with the industry to determine the next steps in restoring trading as soon as the situation permits’’
Add to this, SIFMA's recommendation that bond markets close at midday - which is all a little moot given MTA's closure and tomorrow looks like being a busy day for the European desks...
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Oh good. Now I can sleep in.
If they close for two days then I can't wait for the carnage come 9:30am Wednesday.
That would be nice -unless Home Depot levitates the mkts.
Damn I was looking forward to watching a combo of Wargames and Terminator happen in real time.
I see dead money.
Intrade is still open.
No way we can trade today.....looks like rain and the NYSE isn't waterproof.
Sandy's fury will be here for a couple of days. Jeeeze... must be that time of the month.
I'm thinking that after a weekend of revelling in his new found fame, Kevin Henry will be back at his cross-markets desk at the Fed, keeping the world safe from harm. Even Hurricane Sandy cant stop good ol Kev!!!
http://www.zerohedge.com/news/2012-10-26/help-us-oh-kevin-henry-you-are-...
I'm really glad Wall Street is shut down at the beginning of the week, Monday, So we get to enjoy it all week long, till the week end.
Yeah, Yeah, Yeah, Laugh it up Fuzz Ball.
FFS, I'm pleased. I'm happy to be long 24oz tall cans (pre-ban) and gasoline. Bring it, bitches!
I wonder if the HFT computers located next door to the NYSE and in Mahwah New Jersey will be drowned and shorted circuited out forever by Sandy?
MAHWAH, NJ 07430
https://maps.google.com/maps?hl=en&q=mahwah+nj+07430+map&ie=UTF-8&hq=&hnear=0x89c2e193a7d34497:0x74d2e002ac81d660,Mahwah,+NJ&gl=us&ei=uz-OUM7IMYzS9QTowYD4Cg&ved=0CBwQ8gEwAA
Robot Traders of the NYSE
http://www.cbsnews.com/8301-504803_162-20019067-10391709.html
Wall Street: The Speed Traders
http://www.youtube.com/watch?v=WstJM_aNSj8
High-Frequency Trading Kills America's Stock Markets, James Overdahl!
http://www.youtube.com/watch?v=LDDQRFGNX-M
Blankfein has bots.....let's hope they can stand up to divine providence.
Dear Sandy, please stay above wall street forever and do the favor to the whole humanity. Amen
Oh.... no worries... the algos will be working still. It looks like only the physical exchanges will be down. According to the sites.
Just got word we ARE SHUT DOWN in the US
There will be no need to vote on election day either... The government has informed us that the algos will take care of that too, so stay inside people...
Deutsche Bank is running their version of the Indexes today.
Dow is on the middle of this page.
At the top of the page is a link to their DB S&P500
So you can watch, if nuttin else.
Futures are still open.
Keynesian Wet Dream?
The floggings will continue until morale improves...
I love Sandy for her mind
They must've read all the comments in previous posts.
"Damn that apocalyptic Zerohedge!"
How much damage would really be done if the area from Arlington to Newark sank into the Atlantic?
That would be hell on blue crab season...
How about we just have the equity markets open 4 days a year, after the end of each quarterly earnings report period.
Ok not really, but it would be fantastic to watch the squid shit their pants at the suggestion.
What?!?! and watch 40% of the GDP disappear because all that sliceing, dicing, trading and repackaging wasn't going on..... not saying it's actually a PRODUCTIVE part of the economy but it IS sill a huge part of 'economic activity' - albeit akin to a hampster on a wheel
It's not a bad idea Red.
This limited access....but you and I know it'll.....
FX? It's open. No Sandy in London, et. al.
Learn to swim, see you down in Pennsylvania Bay.
http://www.youtube.com/watch?v=E8vmaj75xzE
Most excellent!
But, but it is EARNINGS season!
I guess the SEC felt that with DC closed, they wouldn't be able to monitor the markets for illegal behavior as they normally do each day.... lol.
Meh...
How about the CME? Potter can still hold the (middle) finger down on his iPhone 7's "Buy ES" button.
Partysaurus Rex!
http://www.youtube.com/watch?v=9EuIo8VqHjs
http://www.cinemablend.com/new/Watch-Full-Partysaurus-Rex-Toy-Story-Shor...
=P
It's an ill wind that blows nobody any good - at least the stock market fraud is stopped for a day.
Can stay up late with a drink and watch horror movies.
Awwwwwwww heck. Did the boogey man get your courage.
Exactly chuck, our regulators are on the job 24/7 to ensure there are no improprieties taking place. Never on Wall Street, or DC, or Congress, or the Fed, or the gold and silver markets, or the govt. numbers, or....Oh never mind.
Markets are closed......is the porn still on??
Will the SEC be open?
Yeah....but don't expet much out of them.
And the rest of the shitty earnings are to be released in 5, 4, 3, .... Good earning can wait it out a couple more days.
So relief rally if it passes or rally on damage for GDP boost.
Hot damn! I'm sleeping in!........shit I forgot about the kids. I guess I'll wait another 13 years to sleep in.
Seriously....how long before we see this on a regular basis?
It all feels like a bad dream sometimes anyway. Sleep in my brother, sleep in.
Double Meh
Whats the big deal if only algos are allowed to play? How is that any different than any other day? I bet if we closed on the highs on Friday the market would be open hell or high-water.
I think they closed it because the algos would be battling each other. The algos are run by the big houses to hose the muppets and competing with each other isn't fair in the "fuck the muppets game".
Therefore, the big houses, which we know from an earlier post, wanted the shit shut down. What the big houses want, they get.
End of story. Imho
This is blatant robo-discrimination! Rise up, my robo-bro's: Kill the meatbags! :>D
Probably good day to lower guidance or dump some bad news. How soon until companies unrealistically blame the hurricane for their shortfall?
"Never let a crisis go to waste"
I'm waiting to see what the fallout is from the storm, and I don't mean damage to the East Coast.
Algo go euro AAPl up 50 pts on 3000 shares lol
Does the closure extend to dark pools?
Does the closure extend to the algos capping silver?
WTF the NASDAQ is 100% electronic and it has to shut down also...
Think of what will happen if all that Manhattan underground data communications infrastructure gets deep-sixed.
It will do more than slow down a few electrons.
Speaks volumes on the confidence in the algos running the show.
Shades of 25 years ago and a week late when a hurricane closed the London stock exchange?
I guess it could end up as a black Monday for certain people if the financial district of NY is wiped out.
If it happens I think it should be named Rainbow Skittle Shitting Unicorn Monday. The confirmation that all your dreams can come true.
http://finance.yahoo.com/news/honda-slashes-net-profit-forecast-03222555...
The power goes out right in the middle of an algo placing a sell. Poof, when the power comes back on APPL is sold for $6.
But they provide LIQUIDITY, right? That should be a STABILIZING factor, something that should instill confidence, not something to be feared.
Open the exchange minus any people. Go ahead. I double dog dare you.
Only on FX, even then it will be European markets trying to keep this stable (equities), which they won't. Interesting next 24hrs. Again, DXY bid, could go parabolic if the sh*t truly hits the fan.
Nature.
Like a 100-pip drop on USDJPY alone?
Do the commod-bots trade at CRIMEX tomorrow?
Good question. Anybody knows?
http://www.cmegroup.com/company/comex.html
Bots will be working.
I feel better just knowing all those insurance companies were able to build up a nest egg with four years of ZIRP and artificially low rates of return. I also saw on CNN that Bernanke has secured 33 Liberty by surrounding it with bags and bags of FRNs.
An illiquid market for two days?
Doomy or what...
http://youtu.be/4oas3vX4S0Q
prelude baby.
Billions spent on disaster recovery down the drain and not used......good idea, though, because if the exchanges are closed, nothing will happen and the Republic will be somewhat safe for a little while longer.
Fuck YOU Bernanke...
Okay I just went to Drudge ane the lead story is: FEDs Warn :If You Do Not Survive....FEDS WARN: 'IF YOU DO NOT SURVIVE'
When I read the story I got to the point where it said "if you think this storm is over hyped....."
Anyway I have know idea what to believe, but if this turns out bad I hope that you New Yorkers hold the media hype machine basturds accountable.
Sure is helping Home Depot's sales (no Lowes around here).
Fed's warn: "If You Do Not Survive, 2012 taxes will still be due April 15, and you will immediately be registered in Floida's 20th congressional district and casting a ballot for the the democratic incumbent.
Black /and wet/monday bitchez.The begining of the end,one way or another.
Fewer crimes commited by the banksters. Yeah.
Hey if anyone gets video of the rats coming up out of the flooded sewers tomorrow please post it here. I'd like to see if I can spot Blankfein, Dimon or Bernanke.
Um, rather than fewer crimes by the bankers, I can't help but wonder if they're taking advantage of this. (IE let no crisis be wasted.)
The last time we had an externally driven market shutdown was 9/11, unless you count a market holiday when Ford died.
During the whole mess in late 2008 the markets stayed open.
Seriously, WTF.
I don't know. This is supposed to be an act of God. The WTCs were an act of Cheney. But ya it does seem like the ghost of Bin Laden is at the steering wheel. Hell they may even have to classify Sandy as a terrorist and threaten to torture God down in Gitmo.
Prediction:
Tommorrow will be the most profitable day all year for NYC escorts. If the manager of Scores is reading this, better make some phone calls. You've got a long day manana!!
2 days without lawmakers, looters and liars, pinch me,I must be dreaming. Now that's what I call a tax break.
could be a perfect time for a major news release in Europe .....
Some kind of strike on Iran?
It is a full moon...
Bullish? Just kidding!
4day shutdown 9/11 stripped off 7%
shut the freaking casino
down for a whole week !! it won't make a difference, its a freaking house of QEorganizer cards..nothing but foul air...
oh by the way, DETROIT lost world series...doesn't bode well for the Qeorganizer....GM WILL GO BANKRUPT.......AGAIN !!!
was planning on buying GM when @ $5.00, but now....no way !!!
"GM WILL GO BANKRUPT.......AGAIN !!!"
I believe that
The more I dig, the crazier this looks -- in case you're curious: http://www.nyse.com/pdfs/closings.pdf
There was a one day weather-related closing on January 3rd, 1948. Seriously, there's no precedent for this in NYSE's own history. You have to get to V-J day or the depression to get a multiday closure.
Partial days / late opens / early closes for weather and that's about it.
Zone A overlayed on google map of Manhattan.
http://i.imgur.com/Rc1ai.jpg
I think this one is going to be a lot more "weather" than folks are used to.
Slow motion flash crash in progress.
Oh my God. FEMA administrator Fred Fuckit says they will be there to help. Better hide the girls and boys if you can't get them out tonight. FEMA's coming to town.
If that's his real name im jelous.
Wave Heights In Delaware Bay Have More Than Doubled Since Yesterday - Now Over 20 Feet http://chartistfriendfrompittsburgh.blogspot.com/2012/10/wave-heights-in...
Calling for 33 footers.....in LAKE MICHIGAN:
http://www.detroitnews.com/article/20121029/METRO/210290351/Warnings-Mon...
Why not just shut them permanently and end all the gambling and theft?
any live racing at aqueduct this week?
I hope those vaults deep underground are waterproof because it appears that tungsten rusts when exposed to water.
If the PPT can't get to work, better keep those markets closed!
hahaha!
That'll learn you sellers. No liquidity for ye who lacketh faith in the statists! What the hell, let's keep em closed till after the election.
HAARP > NYSE + NASDAQ + CBOE
Risk on at your own peril.
Fucking fuck. The first week in forever that I make a sizable weekly option option play and I'm going to get 1/5 to 2/5ths haircut right off the top. Seriously. Bend me over and FML......
Hi! I'm from Goldman, and I see you have a liquidity problem. We like to help friends who find themselves with a liquidity problem, like Knight Capital. Why don't you tell me what the options are, and I'll get square you up with an offsetting private contract for only a 40% haircut. It's cheap, son. Then I'll go to the dark pools tomorrow and square myself up, which mere mortal muppets like you cannot do. Remember son, it's who you know, and I'm offering to let you know me.
Can you please get square me up? I'm desparate. God bless you, Goldman.
"Just doing God's work..."
Ouch, I can feel that from here.
Wonder what surprise announcement(s) willbe made on Monday.
Real estate values in Battery Park City plummeting...... you really have to wonder about the lack of long term planning /thought - building all this on FILL barely above the current sea level when they're predicint rising ocean levels.... nevermind the fact that the seaqwall at the tip of Manhattan is topped by even regular storms - nevermiond full moon/perfect storm hurricane conditions......
Hurricane Sandy will make it extremely difficult to ensure the safety of our people and communities
Yes, this has always been Wall Street's primary concern. "Our people"==ok, maybe. "Communities"? You destroy communities, you cocksuckers.
There is only one problem I see with Zero Hedge and it is starting to bother me.
I have been a member and reading it for a while, in years not months.
The headlines are always sensational, even when the graphs and info seem to be correct. For example, one percent is not going to make or break a country or society..
Many times after reading this blog, I felt the world I know would end in months or days and it didn't. Other than William Banzai7, I don't think the other authors do this forum justice.
Maybe it is time to get back to reality.
There's a reason why this post financial crises era is referred to as the new normal. Its anything but; a perversion of economic theory. I'm not sure what the future holds.. But ZH's reality, is more truthful than CNBS's.
@cherry picker Well, it's all about proportions. This is a vast nation of 300 million people, we are in no way greece or some other pathetic little European country and doom is just not going to haen any time soon. This board is full of doomers who WANT disaster to occur but reality has a habbit of just moving on as people need to survive and live and that in-itself is what drives more than 70% of our econemy. US Gov will eventually raise taxes and cut spending and that will be the end of the story, well at least untill the next bubble bursts...
It is timely and educational. Save the hype in the headlines, most often it is financial news that your won't find anywhere else. Of course, it helps to read other sites to make sure you have a balanced approach but it has been ZeroHedge that has opened the eyes of many readers to the outright flim-flam that is CNBC and MarketWatch.
There used to be more educated commentary but I think many of those posters got tired of being called names because this is "Fight Club" and gold bitchez! and hyperinflation and all this nonsense. You just have to read through that crap to get the occasional nugget that helps you understand the markets in different ways.
Contributors like Bruce Krasting and Lance Roberts are balanced and well-meaning people in their own specialty. Other times, as you say, the fear-mongering and armeggedon doom-and-gloom do get a bit old.
:D
The world didn't end in the 1930's nor WWII, but millions died and millions more suffered greatly.
That past is a pending real possibility, and this time we have nukes; that would be the end of the world.
Even if the world manages to struggle on and avoid that fate, millions are suffering and will suffer because of the immorality, greed, and corruption of our current system.
At what point does Obama declare a National emergency, and postpone the elections
Latest:
http://forums.accuweather.com/uploads/post-20818-1351493173_thumb.png
The only real concern is flooding/power outages IMHO 99% is pure pointless panic.
Unless there is extended widespread power outages and some lelvel of chaos creeps in. From my understanding NYC is a less armed society than say New Orleans, therefore if you have a gun and you have a criminal disposition = more opportunity. Maybe tha's when the hollow points will be used.......as a BETA test case...
New York Au gonna be under water....Hmmm
Non-equity futures market wil be opened.....too bad I can't get a day off.
hero
From my point of view, the situation with the storm is disproportionately overinflated. It suits perfectlyi for close elections and Obama. If the actual data now show that the effects of the storm will not be so terrible - it make a perfect sence for the big campain in media about "epic, terrible and horrible storm of Millenium". When in a few days everyone will see that nothing horrible happens, then we will hear a lot of how good was Obama goverment in this situation and how he prevented this horrible situation. All the markets will go rocket just because nothing bad is happens. Clearly win-win situation for Obama. I am really like this kind of modern pre-elections PR technology :).
Hey the storm is washing up on Australia too - "Banksia" just disappeared under a flood of bad loans, taking a bunch of naive retirees with it.
How come ZeroHedge has posted no article on the big Benghazi scandal yet??? This is huge and Obama is a traitor... (not that we didn't know that before)
A good article on it by KD...
http://market-ticker.org/akcs-www?post=213277
Wow, they've reaaly gone to great lengths to make sure my $1500 SPY put I bought at the close Friday can't be a winner. MoFos.
God doing Blankfein's work. I hear Lloyd is pretty pissed.
sandy is dandy but liquor is quicker there is fucked and lets face it this is histry in the making a cheapjack little chicage wardheeler of dubious citizenship vs a superb high functioning psychopath in remitt jesus america there is fucked and then there is utterly irretrievably fucked
i weep for my reamed neighbours
I didn't know that Chicago was getting hit by a hurricane off of Lake Michigan.
I live in SW Michigan and I was wondering the same thing! Bright and sunny here so why is CBOE closed?
god has been deeply offended by wall st ..... in my experience you fuck with this guy at your abject peril could this be a discreet interventionism ... a cleansing of the foul moneychangers temple this cat works ellliptically it s always obscured but now and then he feels constrained to show his hand lets hope so,
Think of it less as an evacuation, and more as an election year opportunity.
They are probably evacuating the Bronx to Ohio.
This is one of the most blatant examples of BTFD for a one to two day rally. Cash closed, futures open.
I say that with a small short position at a higher level. I don't see it lasting more then 2-3 days.
Now, Ben and the banksters will understand the meaning of liquidity...............
Rain, rain go away
Algos cannot trade today
No more levitation day!
-- Poem attributed to an anonymous source of the O.B. administration
Niederaurer, CEO of Euronext, has said the machines will close as well.
The Bob Pasani on CNBC SAID "It's electronic trading, not robot trading"!
What ass.
They didn't wnat their precious HFT exposed.