Tuesday, October 30, 2012

Stock Market Reopening Could Get Crazy




If and when U.S. stock trading starts up again on Wednesday, the crowd waiting to trade will be like those Black Friday masses busting down the doors of Wal-Mart to get their hands on a $20 DVD player. Things could get ugly, according to a HuffPo report.

Everything could go smoothly, of course. But investors should be ready for the chance, however small, of volatile trading that could further rattle already shaky confidence in financial markets, with longer-term implications for the economy, and possibly the presidential election, if things get really messy.

"The last thing we can afford in this country is for capital markets to come online tomorrow and not have the ability to handle what happens, after 48 hours of being closed after a natural disaster," said Dennis Kelleher, president and CEO of Better Markets, a financial-reform advocacy group. "It will compound all the bad trends in these markets."

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