WASHINGTON.In case you hadn’t noticed, US equity markets are closed today in observation of Martin Luther King, day, which is a Federal holiday. No pre-market or after hours trading sessions are scheduled for MLK Day, and US equity orders that executed late last week will close one day later than usual, since today, Monday, is not a Federal business day.
Canadian markets are open as usual Monday.
Here are the US equity settlement days that pertain to trades executed on January 17 and 18, 2019.
US equity orders will settle as follows due to the MLK Day holiday:
|Trade Date||Settlement Date|
|Thursday, January 17, 2019||Tuesday, January 22, 2019|
|Friday, January 18, 2019||Wednesday, January 23, 2019|
Reflecting on another important but neglected American Federal holiday
On a personal note, MLK Day, like so many American holidays, seems in the main to have lost its meaning these days. In that sense, it joins with Veterans Day and Columbus Day, two more holidays that no longer resonate with the American public in general because they no longer know the reason we celebrate them.
MLK crusaded against an America that was color-obsessed, to the detriment of American blacks. What he envisioned instead was a color-blind society where all races, colors, creeds and national origins could live peaceably with one another, work hard, raise families, and compete on a level playing field for jobs, careers and career advancement.
What he did not foresee was that after his tragic death, his successors would promote an effective return to a grotesque new form of Jim Crow, in which black Americans would once again separate themselves from American society in general. Had he lived, we suspect, things would have turned out quite differently.
But today, on MLK Day, perhaps a majority of Americans no longer know what Dr. King stood for. So let’s take a few moments today to reflect. Let’s imagine an America that really did live up to Dr. King’s ideal of a color-blind society. Not a color-obsessed society. So let’s try to remember that goal in the months and years. In turn, let’s also avoid following the false prophets who contradict those ideals in his name. That will only lead us down the path to national destruction.
Meanwhile, US equity trading will resume its normal schedule tomorrow, Tuesday, January 22, 2019. So we’ll be here, involved as usual.
— Headline image: MLK memorial in Washington, D.C. Public domain image via Pixabay. CC 0.0 license.