facebookIs it possible for wall street to close during this period and what are the implications of that? - Seedly

Anonymous

17 Apr 2020

General Investing

Is it possible for wall street to close during this period and what are the implications of that?

With this COVID-19 situation affecting it to this extent, will it close the markets?

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Discussion (4)

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Hi anon, anything can happen in the stock market. The trick is to buy strong businesses so even if the stock market closes, we will be alright since investing is a long-term thing.

"I never attempt to make money on the stock market. I buy on the assumption that they could close the market the next day and not reopen it for five years." -- Warren Buffett

Colin Lim

13 Apr 2020

Financial Services Consultant at Colin Lim

Possible but i doubt it will close. Trump has been downplaying covid19 impact and surely wall street is the last thing he will do...
Treat this as a restart. And this present you opportunity for u to invest....

Sure this could happen, but it protects the economy:

https://en.wikipedia.org/wiki/Trading_curb

my...

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