Discussion in 'Economics' started by dinoman, Oct 9, 2008.
Title says it all.
you mean the american and european ones because asia is already open and it is friday in asia
The American ones. Yes, you are correct on that. Sorry for not clarifying. I personally hope they leave it alone.
One guy here claims that US exchanges have been closed for years during WW2 ?!
Markets were closed for 2 days at the end of WW 2. Markets were closed for 4 months during WW 1.
If so, talk about instant unemployment jumping through the roof for many. Not that it would be reported in the stats.
Thanks for the info Steve!
if they haven't closed it up to this point then there is no point to close it tmrw the point is to RESTORE confidence not close markets and ppl will be wondering why markets have been closed, i think japan is just reacting to our selloff although we may just see the last down day tmrw.
Here is an academic article about the WW I closure published in 2005. Warning: it's 30 pages long.
Here's a snippet:
"Exchange officials maintained that the threat of
European liquidation of US securities justified a suspension in trading as a
circuit-breaker. However, the exchange remained shuttered for more than four
months, from July 31, 1914 to December 12, 1914. Closing the Exchange for
more than four months would be unthinkable today. It was also unthinkable in
An article about the 2 days during WW2 ?
Separate names with a comma.