Markets should be open every day

[Trader KGB]

Quote from optioncoach:

Why is that a good thing? The market closed meands you cannot trade those huge swings . Globex traders at least can do something..

You're right. I guess I meant from more of a general market standpoint, not an equity/option trader's standpoint. In the sense that since a global panic is going on right now, it gives the US markets the "benefit" of a quasi trading curb, i.e. opening up tomorrow perhaps after the market panic has subsided. Though that deprives the market of a potential capitulation day.

I agree that for us traders, it is of no benefit whatsoever. I trade primarily FX and it's been wonderful volatility since the markets opened up at 5pm Sunday. But again, you're right, for anyone not trading futures or FX, they're getting the short end of the stick on a great day like today.

 

[ET99]

Quote from S2007S:

I have said this a thousand times. Money never sleeps so why should the market that controls trillions of it sleep??

You dont see that national debt calculator taking time off? do you? haha.

They still think its 1976, 6.5 hour trading days are a joke. This market should not sleep, it should be open 24/7.

Count yourself lucky:

The Hong Kong market takes a 2 hours lunch everyday. It closes from 12:30 to 14:30.

On top of that, Hong Kong has 18 days of public holidays/festivals per year.
(mind you some of the festivals fall on Saturdays.)

 

[LT701]

Quote from dividend:

Since money never sleeps markets should always be open every day. Not necessarily every hour of every day. There's no point to having a holiday unless it is to halt the market after a 5,000 pt DJIA decline.

you almost have that with futures

 

[Paulds11]

Quote from TradEStar:

Tomorrow will be a doozy!

Dude you are so Correct and Righteous!!

I cant wait to short the US Indexes at market open...
Shame on Bush for offering to show us his package and stopping short of the figures... shame on Uncle Ben for not cutting interest rates sooner with a more decisive cut weeks ago. shame shame shame..

Line up traders!!!!

Theres Never a bad day in the markets for us intra-day specialists...

Ive set up base camp at my platform...

 

[dividend]

Yet another holiday that is not a bank holiday.

Only reason for a market close on a business day should be if the market crashes.

These things add up$

However in the future I see myself better able to enjoy these longer weekends.

 

[loik]

Quote from Trader KGB:

It's a good thing we're closed. Asia and Europe are all off 5-7%. The German DAX is down 7.16% today! That's the equivalent of the Dow being down 860 in a single day!

 

[showyouwang]

Markets used to be open on Saturday, although shortened, back in Livermore's time.

 

[sunggong]

Quote from dividend:

...in the future I see myself better able to enjoy these longer weekends.

Same here. I'm up early and ready to trade!

Too bad the market is not open....

 

[Lucrum]

Quote from Trader KGB:

It's a good thing we're closed. Asia and Europe are all off 5-7%. The German DAX is down 7.16% today!

Where are you getting these numbers if you don't mind me asking?

From CNBC web site:

Today

Asian Stocks Rise, Japan and South Korea Gain Over 1%

Friday, March 21

AUSTRALIA - Good Friday - Market Holiday
CANADA - Good Friday - Market Holiday
FRANCE - Good Friday - Market Holiday
GERMANY - Good Friday - Market Holiday
HONG KONG - Good Friday - Market Holiday
UNITED STATES - Good Friday - Market Holiday

 

[Capablanca]

This thread was created January 21, 2008 around the time of the last local bottom and L'Affair Kerviel.