New York and New Jersey were particularly hard hit by Hurricane Sandy. Power losses and interruptions in subway service could last for days. Some wonder if certain polling places will be ready to open in time for next week's election.
This is like movie "Independence Day" with actual New York as backdrop.
Men pass through a flooded walkway while viewing damage caused by Hurricane Sandy on Fire Island, New York. Millions of people were left reeling in the aftermath of the whipping winds and heavy rains of the massive storm Sandy on Tuesday.
NYSE closed Monday 29Oct12 and Tuesday 30Oct12. Subway may be closed for another 4-5 days.
Get ready for big economical reports starting on Wednesday 31Oct2012.
Trading ideas:
1. Crude Oil should spike up? No infact it decline but is due to Energy price has hit the peak and now at US$85.80.. Continue to sell in near term may reach US$80.00 level.
2. The most damage area is expected to be around lower Manhattan - where the Wall Street is!
The damage as good as 911 or worst. Expecting a knee jerk reaction when market re-open tonight, plus Non-Farm-Payroll on coming Friday, plus 6-Nov-12 (next Tuesday) President Election Day, plus Dow Jones Daily chart showing weakness.
