Hurricane Sandy, the largest storm in US history north of the Carolinas, has accomplished in 24 hrs with a record near 14 ft storm surge what thousands of Occupy Wall St. activists could not do in over a year…shut down Wall St!
Since the Blizzard of 1888, when 2 feet of snow blanketed the city, the NYSE (New York Stock Exchange) has not endured more than a single day of weather related closure. As October 28th & 29th mark the anniversary of the Stock Market Crash of 1929′s Black Monday & Black Tuesday, this year’s October 29th & 30th mark another Black Monday & Black Tuesday with the successful OcCuPaTiOn of Wall St, albeit with the mutual aid of our comrade Mother Nature.
According to contingency plans, NYSE Amex Options will continue to operate electronically and NYSE Arca system will be tested to replace floor trading though it has never before been implemented.
Gratefully, reports of human casualties have remained low, while early estimates of the damage to the US economy range from $20-$100 Billion dollars and 8.2 million people are without power. Reports of gas prices are conflicting and remain an area of interest as US demand significantly drops along with QE3′s performance.
Will Wall St be asking for another Bail Out? Will QE3′s $40 billion each month in newly created Reserve Notes be seen as insufficient to sustain the already struggling economy? Perhaps, The Game is Up. Then what? And what will Pat Robertson pontificate the cause of the catastrophe to be?…certainly not Wall St’s post-Glass Steagall shenanigans.
Our Beloved Big Sister Occupy Wall St has organized Red Hook NYC Recovers and Lower East Side Recovers to assist the victims of the storm. Additionally, People affected by Hurricane Sandy can register on the Red Cross Safe and Well website, a secure and easy-to-use online tool that helps families connect during emergencies. To register, visit www.redcross.org or call 1-800-RED-CROSS (1-800-733-2767). This site also connects with the Twitter and Facebook accounts of users.
