The Stock Market is OPEN!

Anonymous032819 · ‎03-29-2019

Contrary to what some may have believed, the stock market is actually open.

The only difference is there are no people on the floor doing the trading, it's all being done by computer, which, is how it's done anyway.

Having people in the floor was mostly just symbolic anyway.

The Sky looks different when you have someone you love up there.

gardenman · ‎03-09-2010

It's a tricky time to be a broker. Stocks will have a massive rebound at some point in the not too distant future. You can make a lot of money by buying low now, but is this as low as the market will go, or can you wait a while longer before buying?

Retail sales numbers for this period will be enormous as people are buying up lots of stuff. It's kind of like a month-long Black Friday in terms of retail sales, only at full market prices. Grocers and mass merchants will show huge sales numbers and profits when their reports come out. As soon as supplies are hitting the shelves they're being sold. The clerks in my local Walmart tell me that most high demand grocery/cleaning/pharmacy items are sold out by noon most days. The retail sales numbers for some merchants will be huge. They've never seen sales at this pace.

Stockbrokers will likely overreact to those numbers and buy retail stocks only to find that buying pace drops off once things settle down and people use the stockpiled items rather than buy new. These next few weeks/months will be very challenging for the stockmarket as they try to sort things out.

Fly!!! Eagles!!! Fly!!!

x Hedge · ‎08-18-2016

The temporary closing of the trading floor of the NYSE was announced late last week Wednesday. But trading wasn't closed.

Here's the announcement from MarketWatch.

New York Stock Exchange to close trading floor after employee, trader test positive for coronavirus

Published: March 18, 2020 at 6:45 p.m. ET

The Intercontinental Exchange, Inc. said late Wednesday that the New York Stock Exchange will temporarily close floor trading and move to fully electronic trading on Monday after a trader and a NYSE employee tested positive for COVID-19.

"Trading and regulatory oversight of all NYSE-listed securities will continue without interruption," the exchange operator said. The NYSE equities trading floor in New York, the NYSE options trading floor in New York, and the NYSE Arca Options trading floor in San Francisco are to close, the company said.

The move is a "precautionary step to protect the health and well-being of employees and the floor community in response to COVID-19," it said. "NYSE's trading floors provide unique value to issuers and investors, but our markets are fully capable of operating in an all-electronic fashion to serve all participants, and we will proceed in that manner until we can re-open our trading floors to our members," NYSE President Stacey Cunningham said in a statement.

Later on, the NYSE confirmed that a trader and an employee had tested positive for the virus. Both were screened at a security checkpoint and not permitted to enter the building this week. The NYSE employee was last in the exchange building at the heart of Wall Street on Friday, and did not access the trading floor, the company said.

The trader also was last at the building on Friday, and sent home on Monday to await results without entering the building past the screening area, the company said.