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TopicIs Stock Market Open MLK Day Negative
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@peanionΒ·1 week ago519
People complain about the market closing, but they don't realize why it closes. It's not just a holiday; the banking settlement system is offline. If the NYSE stayed open today, trades wouldn't settle, and the risk of error would skyrocket. It’s a reminder that our entire financial system is still built on old-school banking rails that need 'rest days.' We are trading at light speed on infrastructure from the 1970s.