NYSE will be closed on Tuesday (confirmed)

Quote from mutluit:

Hae? :-) Where is the logic therein?
IMO the short guys will gain big and the long guys will lose much, isn't it?
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The moron went home long 100 SPY under the assumption the storm would miss.
 
Quote from atticus:
The moron went home long 100 SPY under the assumption the storm would miss.
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ROTFL! :-)

Even w/o Sandy SPY is ripe for going down for some weeks, IMO...
 
Quote from atticus:

The ES has been halted for 5 hours or so.
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i am able to trade it right now (UK CFD) and it is quoting 5 handles down as i write this.

so, what's your take?
 
Quote from asap:

i am able to trade it right now (UK CFD) and it is quoting 5 handles down as i write this.

so, what's your take?
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Nice call on that CFD. I have no clue, but I think the CFD will not matter. The CFD is based on the CME or equity markets, and both are closed as of now. I don't know how liquid your CFD is (they are banned in the US) so possibly it will matter if it is liquid! :cool:

The ES might open tonight with interest rates (they will open), so any body who is long or short can hedge.
 
Quote from asap:

i am able to trade it right now (UK CFD) and it is quoting 5 handles down as i write this.

so, what's your take?
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We could rally a little depending on the damage. The storm looks worse now in terms of impact (than last Friday), but a relief rally may materialize. I normally go short delta when I sell vol, but went home long a bit of delta. Anyway, I don't see a big reaction either way before the NFP on Friday.
 
Quote from WD40:

there will be too much infrastructure damage to open the market on wednesday. the subway will have to be pumped out, the fallen trees blocking the road, the powerline down, the flood water will still be sitting everywhere.

try friday.
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Try a little duck tape and wd 40....:cool: maybe we'd open earlier.
 
Quote from nutmeg:

Try a little duck tape and wd 40....:cool: maybe we'd open earlier.
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The duck tape limits my profits and the WD40 results in too much slippage...oh wait, you mean infrastructure repair...:p
 
Quote from atticus:

The ES has been halted for 5 hours or so.
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everything is electronics, i don't understand why any exchange needs to be closed. if it is flood in ny, then move the trading to chicago. the exchagnes are ran by a bunch of cavemen.
 
Based on how logical markets have been lately, I would not be surprised if we rally on "less than expected storm damages"
 
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