Joke Collection Website - Cold jokes - Why are the stocks closed on Saturday and Sunday?
Why are the stocks closed on Saturday and Sunday?
Stocks can be traded normally from Monday to Friday, but the stock market actually chose to close on Saturday and Sunday. Why? Wouldn't it be better to have more trading time to finance enterprises? Does the stock market also like weekends? Wouldn't it be better to open it every day?
If the market opens six days a week, people have too little rest time, which affects their work; The computer will burn if it works for a long time, and the machine will go wrong if it runs continuously-metal fatigue will eventually lead to a general strike. Exchange, brokerage and other staff need to rest. People can work energetically after a good rest and are not easy to make mistakes; Machines rest and work better.
In the past, if the price you entrusted could not be concluded on the current trading day, you had to fill in the bill again and hang it again every other trading day. The staff of the former stock exchange are as busy as a bee.
At present, paperless trading can be realized, and securities trading all over the world is basically electronic. Basically, everything can be solved through computers and network systems, and any human intervention can basically be said to be unnecessary. The reason why the market adopts such a closed market system is also to solve the problem of equipment maintenance and testing and make the market itself more rational.
The weekend exchange networking test is to test various situations and upgrade. If there is something wrong with the test, you can continue to adjust on Sunday and open the market on Monday. If the market doesn't open, how will investors react? Maybe there will be jokes in the world and investors will curse!
Of course, the trading time is less, but the trading time can be increased every day: 6 hours a day.
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