Saturday, October 11, 2008
Why Do Financial Markets Close for the Weekend?
Since time immemorial, nature has never stopped to rest on weekends, and neither has man—or humans, in these politically correct days. Even today, after the ecumenical Christianification of the temporal rhythm of human activities, manufacturers and service providers are open for business, and tractors and fishing boats are at this very moment braving the elements to keep us fed. So why should securities exchanges close down two out of every seven days, when investor sentiments can change overnight due as the result of boons and calamities real and imagined?