"Saito's call for a quiet period is a thoughtful approach," said Richard Torrenzano, chief executive officer of the Torrenzano Group, who was spokesman for the New York Stock Exchange during the 1987 crash. "We've seen stock markets in panic modes before. You have the economy, the companies, the investors who need to assess the market. There are a lot of very big things at stake here."
"They may very well have to close the Tokyo Stock Exchange for a period of time or alter it in some way," Torrenzano said in a telephone interview. "They may shorten the hours, do something to address the impending disaster of the nuclear reactor. Everyone around the world will try to be understanding and thoughtful about that."
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