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NYSE, Nasdaq To Reopen Tomorrow
Because while to ConEd, the bulk of New York south of 34th Street can operate without electricity for days, the stock exchange must.be.online.or.else.the.terrorists.win:
- NYSE TO OPEN FOR NORMAL TRADING OPERATIONS ON WEDNESDAY
- NASDAQ STOCK MARKET, OTHER NASDAQ OMX-OWNED EXCHANGES OPEN WED
Why? Just so hedge funds can square away position for month end. In other news, CNN furious trying to figure out how the NYSE TV stuido in downtown Manhattan (because all the trading actually takes place out of a fortress in Mahwah, NJ), can operate under 3 feet of water.
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Bullish for bullshit!
To keep our chops up, we have been trading that pissed-off bitch called the Nikkei while Sandy was going on. Good practice for tomorrow... (theme from Jaws).
That didnt take to long for the rats to come back.
followed closely by the roaches......
followed closely by e burnett ...
"Three feet of water on the New York Stock Exchange. And Erin has spent a lot of time on that floor" - Myers
LOL!
lol good shit graze, little further down, note:" I spent years every day on that floor. First of all, it's a wooden floor...giant tubes." -Erin
Returning to the mother ship. Time to regroup.
was it long enough for the muppets to wake up?
The world didn't end while NYSE/NASDAQ was shut down? HFT front running couldn't operate for a day and the economy survived? Will wonders never cease?
They better open tomorrow. Any retail "investors" left should realize by now that money can be locked up without notice. What if you needed your money but couldn't sell because it was in a closed stock market?
Sandy could only stop the looting for two days. Sad.
"Or else the terrorists win."
It feels like BernanQE, Obummer, and Timma are winning.
The actual terrorists.
I wonder if the homeless will be asked to take off their dingy old coats to toss on a puddle lest the incoming bankers get their italian shoes wet?
pods
If I said that here today, I would get called a spoiled Marxist.
I think people are put off by your smashing good looks.
:)
pods
Pension funds to kick the can this week, probably starting tomorrow or at least on Thursday, hedgies will bet accordingly.
Coned gives mouth to mouth to algos.
So, will there be a Halloween Parade, too?
Hollow queen pride parade?
They better open up, pussies. Unprecedented.
Insurance claims will be forcing NY and NJ funds to be selling off bonds and ETF's preemptively to cover losses. That coud drive the markets down significantly, provided there's no intervention. But what are the chances of that happenning, right?!
yes but, futures went down and then came back.. and now all say zero..All that money will raise employment through the roof. And the dollar is down, and it appears that the market is now an inflation tracker.
BioShock
A little water isnt going to hurt the Big Daddies...
http://en.wikipedia.org/wiki/BioShock
If we left the Europeans to it for a week [alone], the spread between "Greek Bonds and the Bund", would be ZERO./sarc
May I suggest a useful experiment …..
Shut down Wall street for 2 years rather then 2 days and see what happens.
Maybe it does not supply critical life support after all – shock horror.
Maybe if America shits out this parasite for two years it will be better off….maybe.
Although I don’t think the UK would be better off somehow given its small island nature but the US ?
"Tomorrow, tomorrow, there's always tomorrow, it's only a Hendry away!"
I bet Goldman gets a better opening than you or I do...they can probably trade now...we can´t...
Permbears are in control back to work folks.
Fuck it's boring without the markets open.
Been trading the Es..
Fuck You Bernanke
The looting must continue!
The rat, turd and seawater markets need to be served!
In a world where humans no longer trade financial instruments....
RIP 1 Sep 2008 Don LaFontaine
EOM is only part of the decision to open. They want to demonstrate that NY is not completely cut off and offline. But it is. It doesn't take much these days to trigger a full blown stampede and panic. Every day they can is another day closer to restoration. What we see in NY is a perfect example of can kicking. The alternative to not being open for trading tomorrow would be a declaration of defeat. As much as we would all like to see truth and order restored to the markets, the illusion that everything is working fine and OK is what allows us to live another day. The chaos that will ensue when (not if) the wheels come off, is not being televised by CNN.
@walkure
the illusion that everything is working fine and OK is what allows us to live another day. The chaos that will ensue when (not if) the wheels come off, is not being televised by CNN.
i have a really bad feeling about this that i had once before........february 2003 when the shuttle columbia came apart and scattered debris all over bush country in texas..... a truly ominous portent........ a month or so later we were in baghdad.
the timing and location of this event (nyc/election) are almost biblical in nature. sandy is 7 years and a couple of months after katrina (2005) and katrina was about 7 years after hurricane mitch (1998) which killed 11K people when it came ashore in central america.
without power the 'morts in nyc have lots of problems.....water and sewer for starters...they are trapped......there is also no way in or out...no jit deliveries for foods, medicines, other essentials......does yomama play some kind of berlin airlift redux card????????????
The 8 megawatts of power, enough to power 4,500 residential homes, was never off line in Mahwah, if anyone gives a shit. Bitch, puhleez, we need algorithms to jack shit up, not power ya damn house. Get ya own diesel generators...Someone ask Pico Quantitative if their cloud was drowned...it wasn't.
Plunge Protection Team is gonna be busy tonight!
The name has been temporarily changed to 'plunger protection team'
CNN Sandy Coverage:
"The water is up to my ankles"
"The water is up to my knees"
"The water is up to my balls"....
They should get a Pulitzer for this extensive coverage....
must.be.online.or.the.manipulation.will.be.discovered.
I can imagine what folks would know if the market opened with out the HFT computers trading.
I'm so confused!
Someone, please help me here:
I thought the whole POINT of 9/11, the ONE thing we learned was that you cannot have all your operations in one vulnerable place! When everything shut down post tower fall, everybody was talking about how things needed to be decentralized so that if some nutcase dropped an EMP or a nuke in NY they would be able to get 'capitalism' (yeah, yeah quit your snickering) up and running in a reasonably quick amount of time.
Now we find out that if God drops one of His EMPs on NY the whole system shuts down because it is the heart of the market. WHAT GIVES! Where is all that emergency planning they supposedly did after 9/11?
does this not put the lie to the whole exercise?
We walk into a room with all these emergency planning people and we ask, "LADIES AND GENTLEMEN.....WHAT HAVE YOU BEEN *DOING* FOR THE LAST *11 YEARS* IN THIS MEETING ROOM?!!!"
You make the mistake in believing the world needs the stock market to function. Now the wealth without labor crowd needs the stock market, but anyone actually working a productive job does not.
I'm not so sure about that. I can make money in the market. At my job.....not so much :)
Of course, I'm not your average sheep. I'm a very above average sheep :)
The exchange didn't need to shut down, as I understand it that actual computers are in bunker like buildings in NJ that don't even have windows. It got shut down to protect the interests of the powerful players in NY. They might not have been able to control the sell off if it had been open. Also players like the FED would be very concerned that a single fund needing a radical drop in the market might be able to sprint past the PPT on very light volume. At this point if the SP does not go under 1400 I will go long, nothing can make the market go down if it doesn't break resistance over all of the bad news flow. I can't imagine it being worse lol.
Ah yes,
This is why I luv ZH. I thought my brain was functioning properly but my gauges were telling me different. The world's lies were creeping in and hacking my gray matter again.
So this was a synthetic banker's holiday. Not a real crisis (for the market at least). They didn't want us reading about the next Soros and how he 'broke the Fed's bank'
you guys are better than prozac (or whatever the latest pharmaceutical equivalent is these days) :)
You need to brush up on your Keynesianism. This is dream scenario for all the followers of Frederic Bastiat out there - just imagine how many broken windows there are!! Each of these "once-in-a-lifetime" emergencies just represents another opportunity for states to declare a state of emergency and receive federal funds to fill their budget gaps. They represent another opportunity for us to drive GDP with additional unbudgeted federal government spending. Forget the 100B in destroyed property - that was already counted. Just focus on all the new jobs we'll create to clean it up. Just another stimulus package.
MUST PAINT THE TAPE ! END OF MONTH ASSHOLE BANKSTERS BONUSES.
Do these bankster assholes BACK-DATE THE SETTLEMENT OF TRADES on statements too to Oct?