Markets Closed on Tuesday

Dear American Capitalist Reader,

2006 was quite a year. Saddam Hussein was hanged. Gerald Ford passed away. North Korea tested its nukes. Rumsfeld resigned. The hurricane season came and went without major incident. The Dow nailed a new all-time record high as did many of the emerging markets. Britney Spears separated from her husband. Pluto was demoted. Israel and Hezbollah went head to head. New York issued a ban on trans fats. Fidel Castro got sick, was on his deathbed and rumored to have died… but wait now he’s healthy again? Bush conceded that Iraq was a difficult year. Borat. Early Alert Trader had its best year yet, with cumulative gains of 4,000%+, including gains of 600% and more than 480% from TiVo calls. The U.S. mid-term elections gave more power to the Democrats. Congress tried to fight against the illegal influx of immigrants. Mark Foley resigned amid scandals.

As for 2007… who knows? It could be quite a year. We’re already starting the year on a peculiar note. With the New Year holiday, the Tuesday market closure will close the markets for an unusual period of time. According to CNNMoney.com, “it is the longest market holiday since the six days the markets were closed immediately following attacks of September 11th, 2001.”

So far this year, the only 2007 certainty is that the NYSE, AMEX, and NASDAQ markets won’t reopen for trading until Wednesday. Out of respect for former president Gerald Ford, the markets will be closed on Tuesday as will the federal government, institutions, and a few banks. The New York Mercantile Exchange, the Chicago Board of Trade, the Chicago Board of Options Exchange, and the Chicago Mercantile Exchange will also be closed. The Bond Market Association may be closed by 2:00 p.m. on Tuesday. And the Federal Reserve has pushed the release of the December meeting minutes to Wednesday at 2:00 p.m. ET.

Elsewhere, all Japanese financial markets are closed Monday to Wednesday for the New Year holiday. They’ll reopen on Thursday for a half day of trading.

Here’s to a happy, healthy and profitable 2007,

Ian L. Cooper, Editor, Early Alert Trader

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Markets Closed on Tuesday