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

Asked on 13 Apr 2020

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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    Colin Lim

    Colin Lim

    Level 7. Grand Master

    Answered on 13 Apr 2020

    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....

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    Sudhan

    Sudhan

    Level 7. Grand Master

    Answered on 17 Apr 2020

    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

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    Frankie Rappaport

    Frankie Rappaport

    Level 10. Unicorn

    Answered on 13 Apr 2020

    Sure this could happen, but it protects the economy:

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

    my gut feeling is, it will not (or only for short periods)

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    Yang Teng

    Yang Teng

    Level 9. God of Wisdom

    Answered on 13 Apr 2020

    Judging Trump from the tenure of his presidency, it is unlikely that the markets will close. He has downplayed the threat of the virus outbreak on numerous occasion and in fact, 33 times as calculated by The Washington Post. Trump has even wanted the nation "opened up and just raring to go by Easter" (today), which has not taken place. Just yesterday, there was more than 20,000 new confirmed cases with total confirmed cases to be more than half a million. With inadequate measures, insufficient equipment and a incompetent leader, one can expect this outbreak to persist for an extended duration. I believe the market is irrationally optimistic now.

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