New York suffered the worst hurricane in its 180 year history and left destruction everywhere... it is estimated that it will take a $20 billion toll on the city...
As for the impact on the stocks, hurricane sandy will offer opportunities both on the long and short sides.
Below links show you how to capitalize on the disaster to make some quick gains on your side.
- http://www.marketwatch.com/story/how-to-play-21-hurricane-stocks-2012-10-31
- http://www.foxbusiness.com/news/2012/10/30/home-depot-lowe-deploy-truckloads-post-storm-items/
- http://www.fool.com/investing/general/2012/10/30/video-3-hidden-gems-from-hurricane-sandy.aspx
I believe the same goes for the Japan earthquake that happened in 2011...
Shorting the nuclear stocks proved very profitable... due to the nuclear radiation which spooked investors worldwide..
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