Hurricane Sandy, the latest storm to hit could potentially be rather serious business for one reason and one reason only. It is going to bring the New York Stock Exchange to a close. Most certainly this is an odd little event, as Mother Nature is more powerful than the stock market. Investors wonder what the closing of the stock market means, if it means anything, or if we should panic over this storm.
Hurricane Sandy is a relatively late storm in the nature of this hurricane season. However, the potential for damage for this storm could be rather great. There may be power outages and severe flooding brought with the high winds. The entire east coast is at risk for this huge storm to just wash over it, and many people should remain on their guard.
Those on the New York Stock Exchange appeared to mull over the risks in their mind. They found it not to be worth the risk to even open today. Panic is something that could occur extremely easy over a storm of any type, but the fact the stock market was close will get some people thinking that this storm is far more serious than it really is.
Hurricane Sandy has caused many people to sit up and take notice. Especially considering this storm comes so close to the 2012 election between Mitt Romney and Barack Obama, those who know the game are wondering what the effects are. And the loser likely may have a scapegoat in mind, with the storm so there is that.
The next few days will be rather mind numbing for those on the East Coast. As always, authorities warn people to take the proper precautions in a hope that causalities will be minimized as the storm gains steam and kicks up into the East Coast. Right now, the world waits, as the stock market grinds to a rather premature close on this Monday and Tuesday, October 29th 2012 and October 30th 2012.
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