Lower Manhattan without power after hurricane, closed exchanges testing contingency plans

Article by: Associated Press
Updated: October 30, 2012 - 9:17 AM

NEW YORK - With large portions of lower Manhattan still dark early Tuesday, U.S. stock exchanges said they were testing contingency plans to ensure trading resumes as soon as possible this week after Hurricane Sandy smashed into the East Coast.

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choochoo12Oct. 30, 1211:30 AM

Luckily for Obama the market is shut down. The value of the Dow Jones Industrial Average dropped 3.2% from Friday Oct. 19 through Friday Oct. 26. That's about 1/30th the value of the largest industrial companies gone in one week because of DISAPPOINTING EARNINGS due to a weakening economy. More companies are reporting BAD quarterly results this week, and yesterday's Dow Futures trading (before the market opens) indicated the Dow 30 would open down 90 points. The stock market MUST open so stocks can drop as they SHOULD. The market has only gone up because the Federal Reserve has been printing money to pump up the capital markets to offset the damage Barack Obama has done to the economy.