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All US Equity Markets Closed Monday (And Maybe Tuesday) Due To Sandy

Tyler Durden's picture




 

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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Sun, 10/28/2012 - 23:13 | 2926765 monopoly
monopoly's picture

Oh good. Now I can sleep in. 

Sun, 10/28/2012 - 23:31 | 2926818 flacon
flacon's picture

If they close for two days then I can't wait for the carnage come 9:30am Wednesday. 

Sun, 10/28/2012 - 23:42 | 2926842 The Shootist
The Shootist's picture

That would be nice -unless Home Depot levitates the mkts.

Mon, 10/29/2012 - 00:02 | 2926877 redpill
redpill's picture

Damn I was looking forward to watching a combo of Wargames and Terminator happen in real time.

Mon, 10/29/2012 - 00:14 | 2926896 Michaelwiseguy
Michaelwiseguy's picture

I see dead money.

Mon, 10/29/2012 - 00:18 | 2926906 Dalago
Dalago's picture

Intrade is still open.

Mon, 10/29/2012 - 07:40 | 2927195 GetZeeGold
GetZeeGold's picture

 

 

No way we can trade today.....looks like rain and the NYSE isn't waterproof.

 

Mon, 10/29/2012 - 14:16 | 2928468 Dalago
Dalago's picture

Sandy's fury will be here for a couple of days.  Jeeeze... must be that time of the month.

Mon, 10/29/2012 - 00:22 | 2926911 AlaricBalth
AlaricBalth's picture

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-...

Mon, 10/29/2012 - 00:39 | 2926937 Michaelwiseguy
Michaelwiseguy's picture

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.

Mon, 10/29/2012 - 01:49 | 2927001 CunnyFunt
CunnyFunt's picture

FFS, I'm pleased. I'm happy to be long 24oz tall cans (pre-ban) and gasoline. Bring it, bitches!

Mon, 10/29/2012 - 04:48 | 2927107 Michaelwiseguy
Michaelwiseguy's picture

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

Mon, 10/29/2012 - 07:46 | 2927211 GetZeeGold
GetZeeGold's picture

 

 

Blankfein has bots.....let's hope they can stand up to divine providence.

Mon, 10/29/2012 - 09:08 | 2927225 zerozulu
zerozulu's picture

Dear Sandy, please stay above wall street forever and do the favor to the whole humanity. Amen

Sun, 10/28/2012 - 23:42 | 2926843 The Beam
The Beam's picture

Oh.... no worries... the algos will be working still. It looks like only the physical exchanges will be down. According to the sites.

Mon, 10/29/2012 - 00:06 | 2926887 The Beam
The Beam's picture

Just got word we ARE SHUT DOWN in the US

Mon, 10/29/2012 - 02:23 | 2927031 francis_sawyer
francis_sawyer's picture

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...

Mon, 10/29/2012 - 03:28 | 2927084 TPTB_r_TBTF
TPTB_r_TBTF's picture

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.

Mon, 10/29/2012 - 05:32 | 2927127 malikai
malikai's picture

Futures are still open.

Sun, 10/28/2012 - 23:44 | 2926845 vast-dom
vast-dom's picture

Keynesian Wet Dream?

Mon, 10/29/2012 - 00:08 | 2926890 The Shootist
The Shootist's picture

The floggings will continue until morale improves...

Mon, 10/29/2012 - 07:06 | 2927178 icanhasbailout
icanhasbailout's picture

I love Sandy for her mind

Sun, 10/28/2012 - 23:33 | 2926822 ACP
ACP's picture

They must've read all the comments in previous posts.

"Damn that apocalyptic Zerohedge!"

Sun, 10/28/2012 - 23:48 | 2926853 RockyRacoon
RockyRacoon's picture

How much damage would really be done if the area from Arlington to Newark sank into the Atlantic?

Sun, 10/28/2012 - 23:52 | 2926860 Hulk
Hulk's picture

That would be hell on blue crab season...

Mon, 10/29/2012 - 00:13 | 2926891 redpill
redpill's picture

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.

Mon, 10/29/2012 - 02:24 | 2927034 cynicalskeptic
cynicalskeptic's picture

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

Mon, 10/29/2012 - 05:30 | 2927125 BeetleBailey
BeetleBailey's picture

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.

Mon, 10/29/2012 - 00:19 | 2926907 redpill
redpill's picture

Learn to swim, see you down in Pennsylvania Bay.

Wed, 10/31/2012 - 20:23 | 2936143 RockyRacoon
RockyRacoon's picture

Most excellent!

Mon, 10/29/2012 - 01:53 | 2927010 slaughterer
slaughterer's picture

But, but it is EARNINGS season!

Sun, 10/28/2012 - 23:13 | 2926766 Chuck Bone
Chuck Bone's picture

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.

Sun, 10/28/2012 - 23:14 | 2926768 Trimmed Hedge
Trimmed Hedge's picture

Meh...

Sun, 10/28/2012 - 23:15 | 2926770 Biggvs
Biggvs's picture

How about the CME? Potter can still hold the (middle) finger down on his iPhone 7's "Buy ES" button.

Sun, 10/28/2012 - 23:23 | 2926774 JustObserving
JustObserving's picture

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.  

Sun, 10/28/2012 - 23:16 | 2926776 Right-on Left-off
Right-on Left-off's picture

Awwwwwwww heck.  Did the boogey man get your courage.

Sun, 10/28/2012 - 23:17 | 2926780 monopoly
monopoly's picture

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.

Mon, 10/29/2012 - 02:26 | 2927036 Beam Me Up Scotty
Beam Me Up Scotty's picture

Markets are closed......is the porn still on??

Mon, 10/29/2012 - 03:36 | 2927089 A Nanny Moose
A Nanny Moose's picture

Will the SEC be open?

Mon, 10/29/2012 - 07:57 | 2927224 GetZeeGold
GetZeeGold's picture

 

 

Yeah....but don't expet much out of them.

Sun, 10/28/2012 - 23:19 | 2926785 GtownSLV
GtownSLV's picture

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.

Sun, 10/28/2012 - 23:21 | 2926788 Id fight Gandhi
Id fight Gandhi's picture

So relief rally if it passes or rally on damage for GDP boost.

Sun, 10/28/2012 - 23:21 | 2926789 Dr. Engali
Dr. Engali's picture

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?

Mon, 10/29/2012 - 00:06 | 2926884 SHEEPFUKKER
SHEEPFUKKER's picture

It all feels like a bad dream sometimes anyway. Sleep in my brother, sleep in. 

Sun, 10/28/2012 - 23:22 | 2926795 Qualitative Tig...
Qualitative Tightening's picture

Double Meh

Sun, 10/28/2012 - 23:26 | 2926800 HD
HD's picture

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.

Mon, 10/29/2012 - 00:06 | 2926886 Nadaclue
Nadaclue's picture

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

Mon, 10/29/2012 - 02:42 | 2927055 StychoKiller
StychoKiller's picture

This is blatant robo-discrimination!  Rise up, my robo-bro's:  Kill the meatbags! :>D

Sun, 10/28/2012 - 23:26 | 2926801 Id fight Gandhi
Id fight Gandhi's picture

Probably good day to lower guidance or dump some bad news. How soon until companies unrealistically blame the hurricane for their shortfall?

Mon, 10/29/2012 - 00:05 | 2926882 Awakened Sheeple
Awakened Sheeple's picture

"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.

Sun, 10/28/2012 - 23:28 | 2926806 The Axe
The Axe's picture

Algo go euro  AAPl up 50 pts    on  3000 shares   lol

Sun, 10/28/2012 - 23:30 | 2926815 ShortTheUS
ShortTheUS's picture

Does the closure extend to dark pools?

Sun, 10/28/2012 - 23:52 | 2926859 sampo
sampo's picture

Does the closure extend to the algos capping silver?

Sun, 10/28/2012 - 23:32 | 2926820 bigrooster
bigrooster's picture

WTF the NASDAQ is 100% electronic and it has to shut down also...

Mon, 10/29/2012 - 00:43 | 2926944 Manthong
Manthong's picture

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.

Sun, 10/28/2012 - 23:32 | 2926821 holdbuysell
holdbuysell's picture

Speaks volumes on the confidence in the algos running the show.

Sun, 10/28/2012 - 23:33 | 2926823 adr
adr's picture

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.

Sun, 10/28/2012 - 23:38 | 2926832 Never One Roach
Never One Roach's picture
Honda slashes net profit forecast as China backlash hits

 

http://finance.yahoo.com/news/honda-slashes-net-profit-forecast-03222555...

 

Sun, 10/28/2012 - 23:38 | 2926833 Curt W
Curt W's picture

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.

Sun, 10/28/2012 - 23:39 | 2926835 NoDebt
NoDebt's picture

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.

 

Sun, 10/28/2012 - 23:45 | 2926848 chump666
chump666's picture

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.

Mon, 10/29/2012 - 01:26 | 2926981 Orly
Orly's picture

Like a 100-pip drop on USDJPY alone?

Sun, 10/28/2012 - 23:40 | 2926837 e_goldstein
e_goldstein's picture

Do the commod-bots trade at CRIMEX tomorrow?

Sun, 10/28/2012 - 23:45 | 2926847 ekm
ekm's picture

Good question. Anybody knows?

 

Sun, 10/28/2012 - 23:46 | 2926850 ekm
Sun, 10/28/2012 - 23:41 | 2926840 Cosimo de Medici
Cosimo de Medici's picture

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.

Sun, 10/28/2012 - 23:42 | 2926841 chump666
chump666's picture

An illiquid market for two days?

Doomy or what...

http://youtu.be/4oas3vX4S0Q

prelude baby. 

Sun, 10/28/2012 - 23:47 | 2926851 DarthVaderMentor
DarthVaderMentor's picture

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.

Sun, 10/28/2012 - 23:49 | 2926854 Bansters-in-my-...
Bansters-in-my- feces's picture

Fuck YOU Bernanke...

Sun, 10/28/2012 - 23:55 | 2926855 Dr. Engali
Dr. Engali's picture

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.

 

 

 

Mon, 10/29/2012 - 02:28 | 2927038 cynicalskeptic
cynicalskeptic's picture

Sure is  helping Home Depot's sales (no Lowes around here).

Mon, 10/29/2012 - 02:34 | 2927049 Rathmullan
Rathmullan's picture

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.  

Sun, 10/28/2012 - 23:54 | 2926864 valkir
valkir's picture

Black /and wet/monday bitchez.The begining of the end,one way or another.

Mon, 10/29/2012 - 00:10 | 2926869 q99x2
q99x2's picture

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.

Mon, 10/29/2012 - 00:06 | 2926880 seek
seek's picture

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.

Mon, 10/29/2012 - 00:17 | 2926902 q99x2
q99x2's picture

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.

Mon, 10/29/2012 - 00:07 | 2926888 j-dub
j-dub's picture

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!!

Mon, 10/29/2012 - 00:11 | 2926893 booboo
booboo's picture

2 days without lawmakers, looters and liars, pinch me,I must be dreaming. Now that's what I call a tax break.

Mon, 10/29/2012 - 00:16 | 2926899 Seasmoke
Seasmoke's picture

could be a perfect time for a major news release in Europe .....

Mon, 10/29/2012 - 01:53 | 2927008 SgtSchultz
SgtSchultz's picture

Some kind of strike on Iran?

Mon, 10/29/2012 - 06:07 | 2927147 Zadok
Zadok's picture

It is a full moon...

Mon, 10/29/2012 - 00:18 | 2926904 helping_friendl...
helping_friendly_book's picture

Bullish? Just kidding!

Mon, 10/29/2012 - 00:31 | 2926922 chump666
chump666's picture

4day shutdown 9/11 stripped off 7%

Mon, 10/29/2012 - 00:20 | 2926909 muppet_master
muppet_master's picture

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 !!!

Mon, 10/29/2012 - 00:39 | 2926938 thomasincincy
thomasincincy's picture

"GM WILL GO BANKRUPT.......AGAIN !!!"

I believe that

Mon, 10/29/2012 - 00:25 | 2926913 seek
seek's picture

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.

Mon, 10/29/2012 - 00:29 | 2926921 fuu
fuu's picture

Zone A overlayed on google map of Manhattan.

http://i.imgur.com/Rc1ai.jpg

Mon, 10/29/2012 - 00:31 | 2926923 GoldbugVariation
GoldbugVariation's picture

I think this one is going to be a lot more "weather" than folks are used to.

Mon, 10/29/2012 - 01:59 | 2927017 Placerville
Placerville's picture

Slow motion flash crash in progress.

Mon, 10/29/2012 - 00:26 | 2926916 q99x2
q99x2's picture

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.

Mon, 10/29/2012 - 02:41 | 2927053 Itch
Itch's picture

If that's his real name im jelous.

Mon, 10/29/2012 - 00:29 | 2926920 realtick
realtick's picture

Wave Heights In Delaware Bay Have More Than Doubled Since Yesterday - Now Over 20 Feet http://chartistfriendfrompittsburgh.blogspot.com/2012/10/wave-heights-in...

Mon, 10/29/2012 - 01:59 | 2927015 Awakened Sheeple
Mon, 10/29/2012 - 00:35 | 2926931 ebworthen
ebworthen's picture

Why not just shut them permanently and end all the gambling and theft?

Mon, 10/29/2012 - 00:37 | 2926934 thomasincincy
thomasincincy's picture

any live racing at aqueduct this week?

Mon, 10/29/2012 - 00:58 | 2926955 Peter Pan
Peter Pan's picture

I hope those vaults deep underground are waterproof because it appears that tungsten rusts when exposed to water.

Mon, 10/29/2012 - 01:05 | 2926964 Captain Benny
Captain Benny's picture

If the PPT can't get to work, better keep those markets closed!

Mon, 10/29/2012 - 01:06 | 2926965 resurger
resurger's picture

hahaha!

Mon, 10/29/2012 - 01:46 | 2926998 Rathmullan
Rathmullan's picture

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.

Mon, 10/29/2012 - 01:52 | 2927006 Placerville
Placerville's picture

HAARP > NYSE + NASDAQ + CBOE

 

Risk on at your own peril.

Mon, 10/29/2012 - 01:55 | 2927011 TheLooza
TheLooza's picture

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......

Mon, 10/29/2012 - 02:11 | 2927022 Artful Dodger
Artful Dodger's picture

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.

Mon, 10/29/2012 - 02:15 | 2927025 TheLooza
TheLooza's picture

Can you please get square me up?  I'm desparate.  God bless you, Goldman.

Mon, 10/29/2012 - 02:29 | 2927040 Captain Benny
Captain Benny's picture

"Just doing God's work..."

Mon, 10/29/2012 - 07:10 | 2927182 Dburn
Dburn's picture

Ouch, I can feel that from here. 

Mon, 10/29/2012 - 01:58 | 2927013 Arthur
Arthur's picture

Wonder what surprise announcement(s) willbe made on Monday.

Mon, 10/29/2012 - 02:33 | 2927047 cynicalskeptic
cynicalskeptic's picture

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......

Mon, 10/29/2012 - 02:14 | 2927024 Artful Dodger
Artful Dodger's picture

 

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.

Mon, 10/29/2012 - 02:21 | 2927029 cherry picker
cherry picker's picture

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.

Mon, 10/29/2012 - 02:54 | 2927065 Awakened Sheeple
Awakened Sheeple's picture

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.

Mon, 10/29/2012 - 03:00 | 2927072 Illustro
Illustro's picture

@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...

Mon, 10/29/2012 - 03:05 | 2927076 Orly
Orly's picture

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

Mon, 10/29/2012 - 04:02 | 2927099 ebworthen
ebworthen's picture

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.

Mon, 10/29/2012 - 02:30 | 2927044 Curt W
Curt W's picture

At what point does Obama declare a National emergency, and postpone the elections

Mon, 10/29/2012 - 02:52 | 2927063 Illustro
Illustro's picture

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.

Mon, 10/29/2012 - 03:08 | 2927078 hedgehog9999
hedgehog9999's picture

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...

Mon, 10/29/2012 - 03:36 | 2927090 Mesquite
Mesquite's picture

New York Au gonna be under water....Hmmm

Mon, 10/29/2012 - 03:49 | 2927096 hero HNL
hero HNL's picture

Non-equity futures market wil be opened.....too bad I can't get a day off.

 

 

hero

Mon, 10/29/2012 - 04:23 | 2927103 HastaLaVista
HastaLaVista's picture

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 :).

Mon, 10/29/2012 - 05:44 | 2927135 AbbeBrel
AbbeBrel's picture

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.    

Mon, 10/29/2012 - 05:58 | 2927141 lolmao500
lolmao500's picture

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

Mon, 10/29/2012 - 06:18 | 2927152 SmoothCoolSmoke
SmoothCoolSmoke's picture

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.

Mon, 10/29/2012 - 06:50 | 2927168 marriedgeordie
marriedgeordie's picture

God doing Blankfein's work. I hear Lloyd is pretty pissed.

Mon, 10/29/2012 - 06:55 | 2927173 vamoose1
vamoose1's picture

   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 

 

 

 

Mon, 10/29/2012 - 07:13 | 2927185 firstdivision
firstdivision's picture

I didn't know that Chicago was getting hit by a hurricane off of Lake Michigan.

Mon, 10/29/2012 - 09:25 | 2927484 dwayne elizando
dwayne elizando's picture

I live in SW Michigan and I was wondering the same thing! Bright and sunny here so why is CBOE closed?

Mon, 10/29/2012 - 07:17 | 2927189 vamoose1
vamoose1's picture

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,

Mon, 10/29/2012 - 07:23 | 2927192 Smiddywesson
Smiddywesson's picture

Think of it less as an evacuation, and more as an election year opportunity.

They are probably evacuating the Bronx to Ohio. 

Mon, 10/29/2012 - 08:36 | 2927333 sessinpo
sessinpo's picture

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.

Mon, 10/29/2012 - 09:09 | 2927444 hedgehog9999
hedgehog9999's picture

Now, Ben and the banksters will understand the meaning of liquidity...............

Mon, 10/29/2012 - 09:18 | 2927466 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Rain, rain go away

Algos cannot trade today

No more levitation day!

-- Poem attributed to an anonymous source of the O.B. administration

 

Mon, 10/29/2012 - 11:14 | 2927879 helping_friendl...
helping_friendly_book's picture

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.

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