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(Japan Today)   Japan may adopt double daylight savings time in order to ensure financial markets are first in the world to open for business day   (japantoday.com) divider line 68
    More: Unlikely, clocks  
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3939 clicks; posted to Main » on 26 May 2013 at 6:45 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2013-05-26 04:35:24 PM
I don't have enough @$%#@$^$#@ money for any forex investments
 
2013-05-26 04:56:02 PM
For double dollars and mercy.
 
2013-05-26 05:03:00 PM
Why close the market at all?
 
2013-05-26 05:57:30 PM

dj_bigbird: Why close the market at all?


I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?
 
2013-05-26 06:18:18 PM
barfblog.com
 
2013-05-26 06:24:31 PM
i43.tinypic.com
 
2013-05-26 06:49:09 PM
Sneaky.
 
2013-05-26 06:54:34 PM

dj_bigbird: Why close the market at all?


Not enough cocaine.

But seriously, the increase in revenue wouldn't make up for the increase in staff.  Also, markets need time to start up and shut down.  There's a LOT of stuff that goes on all through the night to clean up from yesterday's close and prepare for today's open.  You need those windows to prepare historicals, run ETL jobs, and give yourself a buffer for when something inevitably breaks.
 
2013-05-26 06:58:56 PM

Benevolent Misanthrope: dj_bigbird: Why close the market at all?

I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?


Because the people that make wall st money dont wanna work 3rd shift.
 
2013-05-26 07:01:49 PM
Dayright Saving Time
 
2013-05-26 07:10:40 PM

dj_bigbird: Why close the market at all?


Or just open the damn thing two hours earlier. Why fark around with everyone's time?
 
2013-05-26 07:12:46 PM
Sometimes someone will spot what they think is an error when watching a WW2 film or reading about the time differences in communication over the pond in that period. During the war, GB went onto double daylight saving time. The early bird catches the fascist.

There's a trivia question for ya.
 
2013-05-26 07:24:26 PM

Oldiron_79: Benevolent Misanthrope: dj_bigbird: Why close the market at all?

I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?

Because the people that make wall st money dont wanna work 3rd shift.


Uh, what? It's a global market, and people are trading on all of these markets from everywhere on the planet, timezones be damned. There are plenty of traders in NYC who do business on the Japanese exchange, and plenty in Japan who do business on the NYSE, or London, or...

As I understand it, working at random hours in the dead of night is just part of being in investment banking. Makes me glad I'm in politics. Not much happens on nights and weekends that requires the whole political world to wake up. Even the big stuff usually only results in parts of an agency or two having to gear up, a few legislators and senior aides here and there. Most of the advocacy world gets to sleep. Only in the White House and on campaigns do you really have to deal with crap at all hours.
As for this, why not just change the operating hours of the exchange? You open at 8 AM rather than 9AM now. Magic!
 
2013-05-26 07:27:01 PM

Benevolent Misanthrope: dj_bigbird: Why close the market at all?

I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?


I suggest an AI should regulate the global market. It can determine the fate of it in a microsecond.
 
2013-05-26 07:30:16 PM
The article didn't talk about putting in DST, but instead moving Japan's all year round time 2 hours earlier.

In which case, great. When I lived there I always thought it was kind of stupid that the sun rose at around 4-5am and set at around 6-7pm.
 
2013-05-26 07:31:45 PM
Well, Double Daylight Savings Time to you, too!
 
2013-05-26 07:40:45 PM

cptjeff: As for this, why not just change the operating hours of the exchange? You open at 8 AM rather than 9AM now. Magic!


This.

/wtf Japan
 
2013-05-26 07:57:45 PM

trialpha: The article didn't talk about putting in DST, but instead moving Japan's all year round time 2 hours earlier.

In which case, great. When I lived there I always thought it was kind of stupid that the sun rose at around 4-5am and set at around 6-7pm.


Kore.
 
2013-05-26 07:58:54 PM
s21.postimg.org
 
2013-05-26 07:59:32 PM
Now they can stop hunt even closer to the London open. Thanks, Asian market!
 
2013-05-26 08:00:19 PM
That ain't nothin'.  *All* of China is in one time zone.
 
2013-05-26 08:01:59 PM

Skywolf the Scribbler: I don't have enough @$%#@$^$#@ money for any forex investments


Forex isn't really an investment, and there is no minimum, though undercapitalization is a serious issue for new traders.
 
2013-05-26 08:04:50 PM
Would that always be a good thing?

I mean sometimes the early bird catches the worm but, hey, sometime the early bird gets a mouth full of an hour's worth of panic selling after another country's financial market shuts down for the day.
 
2013-05-26 08:05:52 PM
imageshack.us imageshack.us

What somebody who wasnt assaulted might look like.
 
2013-05-26 08:06:17 PM
Is there any reason they can't open their market early without bothering to adjust the time zone?
 
2013-05-26 08:06:27 PM
totally wrong thread.  damnit.
 
2013-05-26 08:08:10 PM

Monkeyfark Ridiculous: cptjeff: As for this, why not just change the operating hours of the exchange? You open at 8 AM rather than 9AM now. Magic!

This.

/wtf Japan


Yeah... that kinda crap could make the Japanese start dressing like space aliens and buying used panties out of a vending machine.
 
2013-05-26 08:10:31 PM

Alonjar: totally wrong thread.  damnit.


On fark, it is never the wrong thread. Merely inspiration.
 
2013-05-26 08:10:35 PM
I was hoping for examples of Japanese double ds in this thread
 
2013-05-26 08:12:39 PM
i.imgur.com
 
2013-05-26 08:19:40 PM
All of India is in a single time zone and on the half hour too.  5:49am in Delhi.
 
2013-05-26 08:21:40 PM

Alonjar: [imageshack.us image 381x510] [imageshack.us image 250x359]

What somebody who wasnt assaulted might look like.


I can believe he was a salted. Why?

He looks like a nut.
 
2013-05-26 08:25:12 PM
* Daylight Saving Time

What are you doing with daylight? Saving it, not 'savings' it.
 
2013-05-26 08:25:19 PM

Monkeyfark Ridiculous: cptjeff: As for this, why not just change the operating hours of the exchange? You open at 8 AM rather than 9AM now. Magic!

This.

/wtf Japan


It's the land of eternal weirdness that's what...

i388.photobucket.com

dumbtweets.com
visboo.com

www.lolbrary.com

visboo.com

onlyinthiscity.org

2.bp.blogspot.com

www.geekologie.com

www.anvari.org

www.sln.org.uk

dailyfailcenter.com

NSFW Link

NSFW Link

NSFW Link
 
2013-05-26 08:30:00 PM
Great, so now the salarymen will get even less sleep.

/buy stock in energy drinks
 
2013-05-26 08:39:14 PM
Japan's problem is that during the summer we get sunrise at around 4-4:30, which wastes energy and productivity.
 
2013-05-26 08:46:27 PM

shift_DAWG: trialpha: The article didn't talk about putting in DST, but instead moving Japan's all year round time 2 hours earlier.

In which case, great. When I lived there I always thought it was kind of stupid that the sun rose at around 4-5am and set at around 6-7pm.

Kore.


I dunno, I love it.  The sun was up at 5, which meant I could wake up naturally a little earlier, and it starts getting dark around 6:30, which means an extra hour or two where I don't feel guilty about being drunk on a Tuesday.
 
2013-05-26 08:51:06 PM

Benevolent Misanthrope: dj_bigbird: Why close the market at all?

I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?


Because who wants to staff trading desks 24 hours, with a B and C team?

Nothing is stopping you from trading OTC if your heart is set on it.

Also, as many have already pointed out, there is no logical reason why they can't just make the market open earlier if that's what they want.
 
2013-05-26 08:55:46 PM
While it could be argued that Japanese men already have very little time to spend with their children, if the working hours of market-related jobs were shifted forward two hours without a commensurate shift of school time and business hours, it would put a major hardship on those workers.

I'm all for moving the time forward once and for all. Moving it back and forth like the Americans do is not enjoyable.

And if there's anything the Japanese seem to accept, it's that moving back and forth is unenjoyable.
 
2013-05-26 08:59:45 PM

cptjeff: Oldiron_79: Benevolent Misanthrope: dj_bigbird: Why close the market at all?

I've always wondered this.  For many years, now, we've been a global market.  Why close it anywhere?

Because the people that make wall st money dont wanna work 3rd shift.

Uh, what? It's a global market, and people are trading on all of these markets from everywhere on the planet, timezones be damned. There are plenty of traders in NYC who do business on the Japanese exchange, and plenty in Japan who do business on the NYSE, or London, or...

As I understand it, working at random hours in the dead of night is just part of being in investment banking. Makes me glad I'm in politics. Not much happens on nights and weekends that requires the whole political world to wake up. Even the big stuff usually only results in parts of an agency or two having to gear up, a few legislators and senior aides here and there. Most of the advocacy world gets to sleep. Only in the White House and on campaigns do you really have to deal with crap at all hours.
As for this, why not just change the operating hours of the exchange? You open at 8 AM rather than 9AM now. Magic!


Trading and investment banking are two different things.

You're not helping to write financial regulations, are you?
 
2013-05-26 09:00:48 PM

Alonjar: totally wrong thread.  damnit.


I swear Fark has a bug where a comment will end up in the wrong thread.
 
2013-05-26 09:06:15 PM
Double what ?

www.questforanewperspective.com
 
2013-05-26 09:09:45 PM
Open the markets too early and some people can't get to work on the first train.
 
2013-05-26 09:13:47 PM

Moopy Mac: Trading and investment banking are two different things.

You're not helping to write financial regulations, are you?


Got me on that one. And no, I'm not. I know enough about economic policy to know that I shouldn't ever have any power over it.
 
2013-05-26 09:16:33 PM

Alonjar:  

What somebody who wasnt assaulted might look like.


Still cant pick a fight lose it, than shoot the guy and say self defence
 
2013-05-26 09:18:55 PM

cptjeff: Uh, what? It's a global market, and people are trading on all of these markets from everywhere on the planet, timezones be damned. There are plenty of traders in NYC who do business on the Japanese exchange, and plenty in Japan who do business on the NYSE, or London, or...


But are those markets trading the same businesses' stock?  Does Japan's stock exchange trade the exact same pool of Microsoft stock as NY?  Because, if not, what someone else is doing is irrelevant to you.  For instance, saying a NYC McDonald's should run 24/7 simply because one is currently open in the Ukraine makes no sense.

Another thing is that the NYSE is not known for its stolid and staid methodical lumbering - it is known for being the place were mental retards with ADHD can find gainful employment desperately over-reacting to every random shiny they see.  They try to routinely crash the economy when we limit them to doing this to only regular business hours, when grown-up can monitor them (not necessarily do monitor them, but can).  Do you really want to see what happens when they get to do this in the middle of the night, while sleep deprived and hopped up on more Red Bull than they are now? We go to sleep only a little worried about out next meal, and wake up to the economy having shuffled off this mortal coil.  In fact, that is probably the biggest reason for shutting down the exchanges every day - if the Post Apocalyptic Death Lemmings are forced to stop, they can only do so much damage before we can gas them all back to Blighty.
 
2013-05-26 09:28:08 PM

phalamir: But are those markets trading the same businesses' stock? Does Japan's stock exchange trade the exact same pool of Microsoft stock as NY? Because, if not, what someone else is doing is irrelevant to you. For instance, saying a NYC McDonald's should run 24/7 simply because one is currently open in the Ukraine makes no sense.


No, it's not the same pool of stocks, but a bank based in NYC will have a lot of different holdings that are traded on different exchanges. NYC banks own shares of businesses listed on the Tokyo exchange, and they may be in a stock profile right next to stocks listed on the NYSE and the London Exchange, right next to a stock listed in Johannesburg. In order to manage its holdings across the globe, somebody managing that fund needs to be up to monitor and trade the constituent parts, which may not be listed in the same city the bank and/or the trader is in.
 
2013-05-26 09:38:42 PM

illannoyin: It's the land of eternal weirdness that's what...


onlyinthiscity.org

I so want to try green tea kit kat now. Make it happen Nestle!
 
2013-05-26 09:46:26 PM

AverageAmericanGuy: And if there's anything the Japanese seem to accept, it's that moving back and forth is unenjoyable.


But do they still enjoy the old in-and-out?
 
2013-05-26 09:47:21 PM

AverageAmericanGuy: While it could be argued that Japanese men already have very little time to spend with their children, if the working hours of market-related jobs were shifted forward two hours without a commensurate shift of school time and business hours, it would put a major hardship on those workers.

I'm all for moving the time forward once and for all. Moving it back and forth like the Americans do is not enjoyable.

And if there's anything the Japanese seem to accept, it's that moving back and forth is unenjoyable.


Really? I've always found moving back and forth with Japanese to be very enjoyable.
 
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