Another market over reaction. Right now I will be a buyer at the open. Yes, this hurricane may cause alot of damage, however, loss of life will be minimal, 50,000 (not in this country)the last major hurricane in Florida took about 268 lives, that is still too many. I pray to GOD that he protects the people in those areas. They have excellent emergency management procedures that have been refined over years. The insurance companies have piles of money to cover the damages since they have increased insurance rates from previous hurricanes. They will probably use this one to increase rates again. Some jobs will be lost temporarily, however, many new jobs will be created to rebuild if needed.
Anyone that shorts the market on a disaster is sick!
JMHO, Lindy
"Buy low, Sell high, stay with your system. If your system breaks fix it."
