Standing at U.S. Economic Base

Being on the trading floor of the New York Stock Exchange has to be the highlight of my trip to New York this week.

A new IPO (initial public offering) called Tortoise Power and Energy Infrastructure Fund rang the bell to open the session today. Not surprisingly, the market started out rather flat despite the plunge on the Shanghai market overnight. And neither turmoil in oil futures, nor the U.S. Senate’s decision on health care didn’t cause too much bumpiness.

Got a chance to talk at length with a floor broker, direct market maker and an options trader, who all took time out of a busy day to answer questions. I’ve been particularly impressed with the transparency of the NYSE, the helpfulness of the corporate staff, the new CEO and the sincerity of the management team. They are truly committed to serving the nearly 3000 member companies.

My only regret was that we didn’t get to stay on the trading floor longer. Maybe next time.

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