Why are the equity markets open all day today?

CFA General
#1

?

#2

I wanted to know that too.

#3

Because it’s New Years’ DAY that is the holiday, not New Years’ Eve.

#4

Want to know something else that will really ruin your day? January 1, 2011 (a year from tomorrow) is on a Saturday. I already checked, markets are open for full days both that Friday 12/31, and that Monday, 1/3. Enjoy.

#5

Those cold winter nights must just fly by when your about SMIRK with chat like that!

#6

bchadwick Wrote: ------------------------------------------------------- > Because it’s New Years’ DAY that is the holiday, > not New Years’ Eve. Then why is Christmas Eve a half day? Or the day before Thanksgiving? Seems like today should be similar.

#7

I was told that it is actually a law that in the US- the market cannot be closed for more than 3 consecutive days- ergo working Friday after thanksgiving. I don’t know if it has to do with settlement or with keeping prices stable or what though…

#8

has to do w/ liquidity

#9

akanska Wrote: ------------------------------------------------------- > I was told that it is actually a law that in the > US- the market cannot be closed for more than 3 > consecutive days- ergo working Friday after > thanksgiving. I don’t know if it has to do with > settlement or with keeping prices stable or what > though… Same thing with banks except it’s 4 days.