How did the market do at the last major snow storm?

DallasCowboysFan said:
I don't imagine it would have any effect if it was restricted to New England.
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Well, it is not. I was just thinking traders might take a day off instead of trying to get to the floor. Like certain quasi holidays/black Friday. But who knows, most trading is electronic anyway....
 
eurusdzn said:
Recency bias.
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Yeah I tried to look up 1888, but it is hard to find. :)

"21.0” on March 12-14th, 1888"

Edit: I accidentally found it:

"March 12-13, 1888: The Great Blizzard of 1888 forced the NYSE to close for two days. One of America's most severe recorded blizzards ever, some 60 inches of snowfall blanketed parts of New Jersey, New York, Massachusetts, and Connecticut on that Monday and Tuesday. Sustained winds greater than 45 mph created snowdrifts 50-plus feet high. More than 400 people lost their lives in the storm. Some 200 of those deaths were in NYC."

https://moneymorning.com/2015/01/26/does-the-nyse-close-for-snow-rare-but-yes/

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Apparently, CNBC thought the same:

http://www.cnbc.com/2017/03/13/fed-...ld-put-temporary-freeze-on-market-action.html
 
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vanzandt said:
Yeah but aren't all the big desks that move volume for the most part in NYC?
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Seriously ? :banghead:

Alright, let's start with the well-known fact that 70% of volume these days comes from those good for nothing algo traders and HFTs.

The HFT machines don't give a toss what the weather is outside. The HFT machines are also located in multiple locations and have redundant, diversely-routed communications. By definition the people who run the HFTs can connect in from anywhere.

So, we're agreed... it's going to take an earthquake or volcano to take the HFTs offline.

So that leaves the remaining 30% of "big desks" as you put it.

Well, let me remind you, its 2017 not 1917 !

They can put on their trades from wherever they like.

Their firms also no doubt have disaster-recovery and business-continuity provisions in place to enable them to do just that.
 
There are a thousand reasons for Pekelo's hypothesis to be rejected.
*Rational* reasons.
Technologically up-to-date reasons.
Reasons that resonate with current events, political outlooks, etc etc.

Still, on too many days to be random, if I can construct a story that sez Bif and Muffy have closed up shop and scooted to the 'Hamptons* -- that narrative explains low volume, low volatility market days with ease. Lots and lots and lots of reasons for *objective* skepticism. Still, if the data fits, the data fits.

Right now, we've been pricing in the Somehow Overlooked Likelihood of a Fed rate hike. As well, in the past 2 days, the idiotic combination of Taxes--After--Healthcare-Finance and then NO--WAY--G.O.P.Healthcare-Finance--Works.... have put foreseeable tax reform into fantasy land. I'm wondering why we're above 2300.

BUT!! Outside of having my finger on the trigger, I'm just watching. And what I expect to see for the rest of the day is an agenda driven by big (relative) surges in volume, from a market that really wants to sleep. Junior traders were given orders: If this, hit <SELL>; if that, hit <BUY>. So, when somebody hits the plunger, we'll all see it, through 10:30am tomorrow.

*Ooop. Forgot. Bif & Muffy headed to Stowe just in front of the mess.
 
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