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Why does the stock market close at 5pm Mon--Fri and over the weekend

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Jeremiah Dyke posted on Sun, Jul 18 2010 11:59 AM

at 5pm Mon--Fri and over the weekend? Is this simply preference of traders or does it have anything to do with state intervention? I know there is after hours trading and foreign stock exchanges but why these hours?

Read until you have something to write...Write until you have nothing to write...when you have nothing to write, read...read until you have something to write...Jeremiah 

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Apparently no one works at the stock exchange that is on here.

At most, I think only 5% of the adult population would need to stop cooperating to have real change.

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Merlin replied on Mon, Jul 19 2010 9:56 AM

Since at every hour there is at least one major financial market open, I don’t think that imposing closing hours would achieve anything. So, I guess it’s a trader’s preference. That being said, the instances where markets are forced close for a ‘cool off’ period after some major shock (2008 after Lehman) are indeed a poor way of hiding the dust under the carpet.

Since at every hour there is at least one major financial market open, I don’t think that imposing closing hours would achieve anything. So, I guess it’s a trader’s preference. That being said, the instances where markets are forced close for a ‘cool off’ period after some major shock (2008 after Lehman) are indeed a poor way of hiding the dust under the carpet.

The Regression theorem is a memetic equivalent of the Theory of Evolution. To say that the former precludes the free emergence of fiat currencies makes no more sense that to hold that the latter precludes the natural emergence of multicellular organisms.
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