After the events of September 11, we were without our securities markets for a few days. Although, it was a difficult situation, the markets opened within a few days and we managed. How do you think the economy would fare if an event occurred that resulted in the securities markets being closed for more than a few days? How long do you think the economy could survive without the markets?
This is a purely hypothetical and theoretical question and any opinion on this would be correct.
The reason the markets usually close in a situation like the one that we experienced during Sept. 11 is that the market is afraid of the events drastically effecting the movement of the market and the world going into a panic state, completely devastating the market. On September 11, this was partly the case as of course ...