Obsessed traders filled by anticipation and dread

Wall Street

'I’m getting too old for this'.

With China’s stock market in disarray, American investors are finding out just how long their day can last -- before they even get to work.

“This morning when I rolled over in my bed at 4 a.m. to check the markets and saw what happened in China and in U.S. futures I thought, ‘Oh, here we go,’” said Howard Ward, a Wall Street veteran of four decades who oversees $42.7bn as the chief investment officer of growth equities at Gamco Investors. “I’m getting too old for this.”

Bloomberg News reports that as the stunning selloff in China caused two shutdowns and convulsed financial markets around the world this week, Wall Street traders have been left to look for whatever clues they can to make sense of it all. Once-obscure events like the yuan currency fixing, which comes four hours after the New York Stock Exchange closes, are now being obsessed over by traders everywhere with a mix of anticipation and dread.

To access the complete Bloomberg News article hit the link below:

Wall Street Traders Can't Afford to Sleep During Global Turmoil

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