Today, few in the path of Hurricane Sandy are accounting for the financial cost of the storm, especially as the death toll rises. The last time Wall Street closed was on 9/11. This is the type of event that provides profound perspective on the priorities of life--none of which include money, material wealth and social status.
Here are just a few of the sobering pieces of news out of New York, New Jersey and beyond:
- 80 mph winds and a 13-foot surge of water (3 feet above the previous record) hit northeast shores.
- At least 17 people in seven states have died.
- More than 7.4 million homes and businesses from the Carolinas to Ohio have lost power.
- The New York Stock Exchange has closed for the first time since 9/11.
Certainly this storm has placed in perspective what has recently been a petty argument of who is best for the economy, Republican vs Democrat, but today we are all Americans. More importantly, we are all humans. Financial columns about how to invest in gold or why now is not a good time for CDs falls on deaf ears--and rightfully so.
Godspeed to friends and family in New York and Maryland and to Americans in all states effected by Hurricane Sandy.