New York Stock Exchange ready for trading Monday

[Omaha Steve]

Source: AP

By CHIP CUTTER and CANDICE CHOI

NEW YORK (AP) - The opening bell at the New York Stock Exchange will ring on time Monday.

Operators of the historic Big Board and other major U.S. exchanges said they plan to open for trading as usual. Their announcements came after city officials said damage from Tropical Storm Irene wasn't as severe as feared in New York's financial district.

How all the people who work at the exchanges and related businesses in New York will make it to work remained a puzzle late Sunday. Limited bus service resumed in Manhattan and the Bronx Sunday evening, but it wasn't clear the city's subways and buses would be running normally in time for Monday's morning commute. And flooding and downed trees obstructed tracks throughout the commuter rail systems that bring workers in from the Connecticut, New York and New Jersey suburbs.

The nation's largest mass transit system shut down ahead of the storm, and hundreds of thousands of city residents were ordered to leave threatened areas. Mayor Michael Bloomberg lifted the evacuation order for downtown Manhattan, effective 3 p.m.

Read more: http://apnews.excite.com/article/20110828/D9PDC0UG0.html

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A man tries to hail a cab on deserted Wall Street, Saturday, Aug. 27, 2011 in New York. Hurricane Irene opened its assault on the Eastern Seaboard on Saturday by lashing the North Carolina coast with wind as strong as 115 mph (185 kph) and pounding shoreline homes with waves. Farther north, Philadelphia and New York City-area authorities readied a massive shutdown of trains and airports, with 2 million people ordered out of the way.(AP Photo/Mary Altaffer)

[Cassandra]

1. Buses are running.

[JackRiddler]

2. Oh thank god because nothing is more essential in keeping the world turning!

[bossy22]

7. Its up there

look what happened when the financial system collapsed...it seems to have tanked the economy as well

[JackRiddler]

10. The "collapse of the financial system" was actually the predictable end of the game...

and, with an assist from the bailouts and the absurd TBTF doctrine, the intended result followed: the Wall Street beast got to swallow up more of the real economy.

[plumbob]

3. Yes, thank Jesus! I wouldn't have been able to sleep tonight worrying about

thieving capitalists not being to do business as usual tomorrow?

Hey, if you see 'em on the bus, give 'em a big old slap up the side of the head hug for me!

[bossy22]

8. you mean thieving capitalists like

municipal workers with invested pension plans? People with 401Ks? Avg americans saving to send their kids to college?

[JackRiddler]

12. No, those would be the patsies for the thieving capitalists who purchase their AAA ratings from S&P.

[bossy22]

13. you can't purchase ratings

ratings aren't a financial product (though there is probably some "swap" agreement that could be made based on credit ratings).

So tell me, if not in a brokerage account- where is the best place to stick money it that will provide decently stable growth? My guess is that its not that 1 year CD at 1%

[plumbob]

15. How about rental property? I'm 100% in small complexes and houses.

Asset appreciation 800%+ since 1978; net after tax profit on gross revenues about 70% annually, so plenty of cash flow to plow into more.

If ratings can't be bought, then you must argue S&P as blindly stupid - they really did rate all that mortgage crap as AAA.

And yes, those who let "brokers" wheel them into a sucker's game are victims. That's why they call them brokers - the richer they get, the broker you get.

[JackRiddler]

16. You can't but that is exactly what the Wall Street banks did for their junk subprime securities.

[liberal N proud]

4. The profit making must go on!

[CountAllVotes]

5. whew!

What a relief! The casino shall be up and running full blast tomorrow a.m.! }(

[bossy22]

9. equities trading is not gambling

[JackRiddler]

11. Only because with gambling you're allowed to know how it's fixed, and by whom.

With equities, you're not even allowed to know who's fixing it, or how.

[Demeter]

6. Be Still, My Beating Heart

A lot of fuss for the diversion of public attention. From what? you ask.

That's what I'm wondering, too.

[bluestateguy]

14. I was hoping they would be closed

One day off from those screaming yo-yo's fomenting panic and screwing the economy up would have been a nice reprieve.