Thursday, December 30, 2021

Just Like A Cicada? December 30, 2021

The market is open tomorrow, link here.

Under NYSE Rule 7.2, which governs the exchange’s holiday observances, the stock markets close on the Friday before a holiday that falls on a Saturday and on the Monday after one that falls on a Sunday — “unless unusual business conditions exist, such as the ending of a monthly or yearly accounting period.”

That clause means the markets won’t close on Friday, Dec. 31, 2021, because it marks the end of a monthly, quarterly and yearly accounting period, requiring a full day’s trading. This last happened 11 years ago, when January 1, 2011, fell on a Saturday.

My hunch: it's gonna be one huge party on those trading floors tomorrow. Just think, if Louis Rukeyser were still alive -- tomorrow night -- Friday night on PBS ... what will be get instead ... I can only imagine. 

Bowl games, all day today, starting at 11:30 a.m. ET. The only one worth watching? #12 Pitt vs #10 Michigan State, 7:00 p.m.

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A Musical Interlude

Mix, Dance

2 comments:

  1. Our daughter, grandson and a friend will be in Atlanta for Pitt game.

    ReplyDelete
    Replies
    1. An exciting evening. Weather forecast suggests a nice evening to be out and about in Atlanta.

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