The New York Stock Exchange And 9-11.

Of course you know that our American history hasn’t got any more terrible events than that dramatic event when terrorist attacks occurred on September 11, 2001. Ss you know when the attack on Pearl Harbor happened we had an excellent opportunity to listen to live radio broadcasts. These broadcasts provided us with regular updates. But as for 9/11, we had more opportunities. I think that people of the past could only dream about these crystal television pictures. And we enjoy these clear pictures every day. But I want to draw your attention to another thing. So I’m talking about financial markets and particularly stock exchanges at that time. So markets behaved rather strangely at the time of 9-11 from my point of view. It’s known that financial markets were exposed to a really big hit they could have ever before. And then the ripple effect also known as the Ground Zero seized the entire world.

Of course we know that after the attacks trading wasn’t started at all. And you should also take into account such a nuance that these famous World Trade Centers appeared to be located very close to the Wall Street. Was it just a coincidence? How do you think? In fact many people also think about this nuance. As you know those guys working there were told to stay inside without leaving until it was going to be safe. Many guys sitting inside the stock exchange then reported about their terrible feeling of the ground shaking. Then these two towers totally collapsed and as the result the stock exchange became one big refuge for those guys fleeing far away from that giant cloud of dust and debris which arose as the towers fell.

By the way the buildings of the New York Stock Exchange avoided any kind of damage during the attacks to their great luck. But it’s really surprising that exactly that major telephone bunker holding the phone system of the entire area underwent a severe damage. I should stress that the bunker was very close to the World Trade Center and because of this any kind of communication on the floor of the stock exchange was absolutely impossible.

It’s a curious fact that the stock market was absolutely closed until September 17. In fact the history of the financial world doesn’t know any longer periods of closing the market since 1933. I mean the time of the Great Depression of course. The main thing is that after the attacks the stock market lost up to 680 points. It’s considered to be the biggest drop for one day in the exchanges history. As you might have guessed some guys earned really fantastic sums at that time. But I hope such tragedies won’t happen again.

Lots of people who take care of their retirement investing or any other sort of investing activity use stocks to diversify their profits.

We seriously recommend to visit this site with stock market news, and without the latest stock market news your trading activity on the stock market can be in real danger.

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