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Old 08-19-2009, 13:38   #1
nmap
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Join Date: Jun 2007
Location: San Antonio, Texas
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Stock Trading, Ramadan, and CNBC

An odd title, I suppose....

Art Cashin is a floor trader of Union Bank of Switzerland (UBS) and appears regularly on CNBC where he discusses some of the technical aspects of market trading.

On two occasions I'm aware of - once today, and once Monday - he has made a pointed comment that stock trading might be substantially affected by a "geopolitical event" associated with Ramadan. Ramadan apparently starts in the U.S. on the 22nd of August.

Here's a link where some other people are posting a few items about it, so at least there is some confirmation I'm not imagining things. LINK

I have heard that Iraq is having some disruption; and North Yemen seems to have a Shiite insurgency that concerns Saudi Arabia - but those conflicts don't seem likely to have an effect on U.S. stock trading.

So...does anyone have any thoughts on the matter? (assuming it doesn't violate OPSEC, of course.)
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