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Good Friday Wall Street traiding ban


little2add

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Today is Good Friday, the day that Christians observe the anniversary of Jesus’ crucifixion. It’s not a federal holiday, meaning you almost certainly won’t have the day off, and banks will be open for business. That said, the New York Stock Exchange will be closed, so no trading will take place today. Exactly why this is the case is a matter of debate and speculation.

After all, it’s not as if Wall Street is known for its piety.

 One of the  legends  of why Wall Street closes on Good Friday is that 100 years ago nearly all of the brokers were  Irish-Catholics and most of the brokers had to attend the stations of the cross and mass.  

Times have changed

 I wonder now (2016)  if any Wall Street brokers go to mass on their day off ?

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Nihil Obstat

You should cite your quotations. Plagiarism is unethical. And lazy.

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BarbTherese

 

5 hours ago, little2add said:

 I wonder now (2016)  if any Wall Street brokers go to mass on their day off ?

Don't know about wall street brokers - just a bit too far away to make enquiries 56f4f9df80bf2_AustralianFlag.png.3c27ab0.

 Our parish Church was full Holy Thursday night and today (Good Friday) at 3pm.  If we follow the history in the parish, The Church will be full again for Easter Vigil tomorrow night and again for Mass on Easter Sunday morning.

Quotations below are excerpts only from the links

https://www.catholicculture.org/culture/liturgicalyear/calendar/day.cfm?date=2016-03-25

Liturgy
According to the Church's ancient tradition, the sacraments are not celebrated on Good Friday nor Holy Saturday. "Celebration of the Lord's Passion," traditionally known as the "Mass of the Presanctified," (although it is not a mass) is usually celebrated around three o'clock in the afternoon, or later, depending on the needs of the parish.............

................March 25 is usually the Solemnity of the Annunciation, but when it falls during Holy Week, the feast is transferred to the first day after the Octave of Easter. This year the Solemnity is celebrated on April 4th.

https://www.catholicculture.org/culture/liturgicalyear/calendar/day.cfm?date=2016-03-26

On Holy Saturday the Church waits at the Lord's tomb, meditating on his suffering and death. The altar is left bare, and the sacrifice of the Mass is not celebrated. Only after the solemn vigil during the night, held in anticipation of the resurrection, does the Easter celebration begin, with a spirit of joy that overflows into the following period of fifty days. ..............

..............It is during the night between Holy Saturday and Easter Sunday that the Easter Vigil is celebrated. The service begins around ten o'clock, in order that the solemn vigil Mass may start at midnight.

 

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Good Friday importance

    The central celebration of this day is the Good Friday Celebration of the Lord’s Passion. In no way should manifestations of popular piety, either by the time or manner in which they are convoked, substitute for this solemn liturgical action. Nor should aspects of the various acts of piety be mixed with the Good Friday celebration.

It is best keep socializing to a minimum and to observe  silent  reflection, for self examination of ones sins, for prayer, for confession of sins, and for piety on this day.

it is a day of mourning; it is a funeral

  

 

 

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12 hours ago, little2add said:

Today is Good Friday, the day that Christians observe the anniversary of Jesus’ crucifixion. It’s not a federal holiday, meaning you almost certainly won’t have the day off, and banks will be open for business. That said, the New York Stock Exchange will be closed, so no trading will take place today. Exactly why this is the case is a matter of debate and speculation.

After all, it’s not as if Wall Street is known for its piety.

 One of the  legends  of why Wall Street closes on Good Friday is that 100 years ago nearly all of the brokers were  Irish-Catholics and most of the brokers had to attend the stations of the cross and mass.  

Times have changed

 I wonder now (2016)  if any Wall Street brokers go to mass on their day off ?

My husband works in finance and always tells me this was the high WASP way of thumbing its collective nose at the Jewish part of the biz (Goldman etc).

Or otherwise, there was a big drop in the market on Good Friday in the 19th century and this was interpreted as a sign from God that He wasn't happy about them being open.

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still find it remarkable that the Wall Street continues to pause to honor the crucifixion of Jesus Christ.

 Society has all but dismissed this holyday, separation of church and state has taken its place.  

 Yet, somehow Chocolate-bunny-rabbits  and fruit flavored jellybeans in little wicker baskets filled with plastic imitation grass is in vogue.

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What's interesting is that we in the states had to work, but our associates in India had the day off as a holiday  (it is a public holiday in most regions there, apparently).

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