interesting, thanks for the info, and good trading to you. 2010 had play by play podcasts of the flash crash and investigation (ahem), for cause. This seems ho hum, move along, nothing to see here. Yet i believe your take on it. US equities about the worst performer the last 5 days vs. emerging and major equity markets. Thats something new.
It is not important what the market will do, but WHAT WILL YOU DO IN RESPOND TO THE MARKET????? As long as you try to predict what the market will do you will never become a successful trader. A successful trader has a system to follow, that's all. Less stress and less risk. Risk that at least is know in advance.
let's see how it plays out, I don't think a true asset rotation out of equities has started yet, in fact I know it hasn't! For people who have large amounts invested for the long term my belief is if you don't need to take the risk then don't. capital preservation trumps everything imo.
The market closed because all of downtown Manhattan was covered in World Trade Center. All the transportation lines were blocked. Same with the hurricane in 2012 when 1/2 of battery park was underwater and many of the subways were not operating. Both cases were more to do with the physical ability of NYSE employees going to the building than protecting the market. They really only close the market when an ex-president dies. So if Carter croaks, londonkid will be right.