U.S. Stock Trading Shut for Second Day, Joining Bonds

(Before It's News)

by Rita Nazareth, Nina Mehta and Whitney Kisling
Bloomberg.com

For the first time in more than a century, weather has stopped U.S. equity trading for two straight days as Hurricane Sandy swept across New York City. NYSE Euronext (NYX) will this morning test a back-up plan in case its headquarters or trading floor are unable to open tomorrow.

Stock trading was canceled for a second day, joining bond markets, as 90-mile-per-hour winds and surging seas paralyzed America’s financial capital. The first shutdown for consecutive days due to weather since 1888 was announced by NYSE Euronext after consultations with other exchanges. The Securities Industry and Financial Markets Association earlier recommended a full market close in dollar-denominated fixed-income securities after they shut at noon New York time yesterday.

Continue Reading at Bloomberg.com…

• New York Paralyzed As Subways Shut Down Indefinitely: Subway Chief: “Worst Disaster Ever”
• Bundesbank Yields Some Confidentiality…But Still Won’t Answer Critical Questions
• Turk – Central Banks Now Scrambling For Physical Gold
• This Chart Proves That Your Currency Is Being Debauched At An Accelerating (Parabolic) Rate! Got Gold?
• What Could Happen In The First 12 Hours of A US Dollar Collapse
• Economist Michael Pento Warns of Inevitable Financial Collapse: The Real Fiscal Cliff Is The Coming Currency And Bond Market Collapse.
• Gareth Porter: Both Candidates Misleading on Iran and Afghanistan
• URGENT: Let’s Help Ben Swann Get A National TV Show
• Syrian Kurds Vs. Foreign-Backed FSA
• Jesse Ventura: End The 2 Party Dictatorship