Yes you read that correctly. Yours truly was not only in the building but was on the actual trading floor to see the opening bell his past Friday. My ‘guy’ told me that he would be happy to get me and a guest onto the floor of the Stock Exchange for either the opening or closing bell. Now I have to come clean, I was a little nervous on visiting the NYSE. I am pretty superstitious and on both of my prior visits to the NYSE the market closed in the Green or “Up”. Granted those two trips I did not walk onto the trading floor but I wanted to finish strong and go 3-0.
Because it was the Friday before Labor Day which is the unofficial end of Summer and I am a stickler for “Memphis Traditions” I broke out the Huey P. Long blue seersucker suit. Trust me when I say that you will get a couple of stares from New Yorkers who just don’t get it. We arrived at 11 Wall Street around 9AM and went through security, metal detector and got our credentials. Here are some interesting facts that I can share with my 6 readers;
- The Stock Exchange only provides a venue for the various companies who have registered for public trading so that they can openly trade their stock certificates. You can’t blame the Stock Exchange for a bad day of trading. It was built in 1903 and has seen many renovations. It currently is undergoing a renovation that should be completed in 2017
- The Opening bell begins to ring at 9:29:45 and rings for 15 seconds prior to 9:30ET start. Traditionally those companies who have their IPO (Initial Public Offering) get the honor of ringing the bell. The area outside of the NYSE on Broad Street will have that IPO companies branded products displayed. When Shake Shack had their IPO they gave out free burgers to anyone wanting one. When Memphis’ own ServiceMaster had theirs they had all of the branded vehicles displayed on the plaza.
- On January 26, 2000, an altercation during filming of the music video for “Sleep Now in the Fire”, which was directed by Michael Moore, caused the doors of the exchange to be closed and the band Rage Against the Machine to be escorted from the site by security after band members attempted to gain entry into the exchange.
- In the aftermath of the September 11th attacks the NYSE was closed for 4 trading sessions. It was one of the rare times that the NYSE was closed for more than one session and the third time since March 1933.
- The Market was shut down for 2 days due to Hurricane Sandy
- Notable celebrity Bell-Ringers include; Joe DiMaggio, Michael Phelps, Snoop Dog, Mickey Mouse, Pink Panther, the Aflac Duck and Darth Vader.
Haters going to Hate! At least I didn’t wear a bowtie!
When I say this set us right below the Podium I mean it.
First Cash had their IPO today – Name FCFS
About a couple minutes prior to the bell. The two guys behind the podium are probably the owner and or CEO.
And Here We Go!
And we are underway!
Trust me when I say that you don’t want to lose this while you are on the trading floor. Security is ‘serious’ to say the least.
Checked it a couple of times yesterday. The Market finished strong on Friday and closed in the Green. CBT and LZ were winners!
So what did you do this past weekend?