Hurricane Irene made landfall at Brooklyn, New York, on 29 August, 2011. Rarely do hurricanes make landfall this far north. They usually veer out to sea before that or make landfall much further south.
Hurricane Irene was the fifth costliest hurricane in history. (See wikipedia. http://en.wikipedia.org/wiki/Hurricane_Irene)
What happened on the market on the day Irene made landfall at Brooklyn, 29 August, 2011? The Dow Industrials was up 2.26%.
I wouldn't put a lot of faith in that correlation. :)
The current Hurricane Sandy looks to be a worse beast than Irene.
Redbacka
Hurricane Irene made landfall at Brooklyn, New York, on 29...
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Last
8,205.2 |
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| Open | High | Low |
| 8,198.2 | 8,221.7 | 8,186.1 |
| XJO (ASX) Chart |