We're all hoping this message finds you safe, and that you and yours have been spared the worst from Sandy. Much of the Eastern seaboard has fled for cover, including the New York Stock Exchange, which was closed yesterday and will be again today.
That in itself is a testament to what a dangerous storm this is, because the stock market basically never closes for two days. Back in 2001, the markets remained closed from September 11 through the following Monday, September 17, a total of four trading days. But in terms of weather-related issues, the market hasn't had consecutive days disrupted since 1978, when the exchange closed at 2:00 p.m. on February 6th because of a snowstorm, and didn't reopen until 11:00 am the following day.
The NYSE hasn't lost two whole days to weather since way back in 1888, when a blizzard closed the exchange on March 12 and 13. That's how big Sandy is: the worst weather calamity to befall the stock market in 124 years. Be safe.
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