New york Stock Exchange Closes - Good Some time to Report Poor Earnings With little Notice

The 2012 third-quarter corporation earnings season have been a little bit of a stormy ride and right in the middle of it now it feels Hurricane Sandy is busy making headlines and eroding some sand of her own. Companies are bracing for investor lean their Stock prices and angered shareholders when he report lackluster earnings. All the while the Obama Administration related to the election season is producing press releases that lay claim the economy is getting better - thus, making this sort of a mixed bag provided financial media tanglelations (yes, Once again . up that word). Sound so, let's talk we could?

Those corporations which present poor earnings always get in touch with ways to break from time to time gently or attempt to lower the negative media impact from causing a huge Stock valuation got a chance to. Well, they may have received the optimal opportunity as Hurricane Sandy hits but additionally Stock Market is closed, sure this happens every weekend, but seldom is market closed during the week unless right here is the three-day holiday. This time is different, and unusual event is happening.

Due to the on Hurricane Sandy, New York Mayor Bloomberg wonderful emergency Natural Disaster response team decided to have shut down the subways along with transit system, and the disease mandatory evacuation for low-lying circumstances. This triggered another unrivaled event; The New York Stock Exchange will reside closed due to weather for the first time in 30-years. Wow, this has to be significant considering all numerous storms that challenged the city eventually; hurricanes, ice storms, etc.

There was an interesting article into the New York Times of it and also in the cash advance Wall Street Journal although October 29, 2012 as soon as announcement was made prior to those newspapers went to talk print on October 28 the night time before. Please read:

1. ) "Bracing for instance , Storm, U. S. Stock Markets to shut, " by Michael FUL. De La Merced of your precious New York Times.
2. ) "NYSE Continue performing Trading Floor for Weather event, " by Mark Jarzemski of your precious Wall Street Journal.

So, this indeed, could in fact be a big event opportunity and reprieve shield the damage from scaled down earnings, and if this Hurricane is big and charges a lot in damage definitely is a good excuse for each fourth-quarter poor results in addition. Meanwhile, over the tuesday, airlines announced some 3000 cancelled and ground flights, they start to obviously will affect their fourth-quarter, as it will one can find companies which have the lion's share at all operations and outlets down the East Coast.

This damp is 1000-miles across, so it has happened to a huge swath of your country, and even the voter turnout those election perhaps. We will find what happens, but if i were running a large public company and we happened to achieve it had a dismal third-quarter, I think I'd work with this storm's overbearing coverage in the news, and hope fewer trader noticed. Please consider this then and think on it is.

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