By Barry Ritholtz
Markets are set to open shortly, but I am wondering why.
I've spoken/email/Tweeted to a substantial number of traders and fund managers — very few people seem to be operating normally, regardless of where they live. Lots of quote issues, Bloomberg not running normally, connectivity problems. This is not remotely an ideal set of conditions for trading.
I was trying to figure out why the NYSE would open when not at full operating capacity, and I came up with three possibilities:
1. Competitive issues:
3. Window Dressing: