https://www.globalfinancialdata.com/gfdblog/?p=2750 someone recently mentioned stock exchanges closing in 3rd world countries. are any thoughts on Exchanges being closed in the next 5 years?
Its a significant risk. Here are a list of additional 'breaks' (usually due to halts) This paper shows that markets tend to antecipate those closures to SOME extent https://faculty.fuqua.duke.edu/~charvey/Teaching/IntesaBci_2001/GJ_Global.pdf But still, its a significant risk but the truth is no one knows really when the next closure/halt/suspension will occur
IIRC Greenspan said (in his 07 book) that a stock market shutdown was considered during the 87 crash. There was also the 9/11 ~week long shutdown. One would imagine that if the terrorist attack were worse, the shutdown probably would have lasted longer. I'm not sure if the NYSE adapted to terrorism, I recall reading they have backup centers outside the main location now
%% I think they have. 9/11 shutdown marked the monthly/yearly low in about a 52 week/+ downtrend. NYSE has shut for a period of prayer + fasting even though google says it can not find it. As noted before,good thing the enemies did not know much tek analysis- they helped accidently put in a 52 weeks/+ monthly low.
A more sane argument is that exchanges get shut down when the stocks have declined significantly, not that market predicts the closure of the exchange
At least he's being consistent, that line of thinking is the logical conclusion of a TA mindset. Apparently you can not only predict future prices from the upside down tea kettle stuck on the head and shoulders, but also major world events!