By: Steve Smith
CNBC commentator Jim Cramer has made the term “Stop Trading!” well known through his various segments. As much as he uses it for dramatic flair, there is some good sense to the notion of taking a step back and simply doing nothing in the market.
From the time I first became a market maker on the Chicago Board of Options Exchange (CBOE) in 1988, I always wondered why the market needed open for 6.5 hours a day. The reality is that with post and pre-market and overseas, it’s open 24 hours.
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