"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

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Friday, April 22, 2011

The Markets Are Closed Today

It's a market holiday. The bond markets are closed. The equity markets are closed. It isn't a settlement day.

For many people, it's also a religious holiday.

So, if you find yourself getting ready to call your broker today - particularly if you find yourself getting ready to call your broker to sell something or to demand to know why something hasn't settled yet - stop and think.

Then put that phone down. It'll wait until Monday. And even if it can't, since everything is closed, it pretty much will have to.

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