Making money from Hurricane Sandy

[uexkuell]

Any ideas why crude isn't going up after the storm?

 

[michael45]

Quote from Bowgett:

I am planning for #2

I think selling household utilities and tools, resource of buildings and many other essential things.

 

[michael45]

Quote from uexkuell:

Any ideas why crude isn't going up after the storm?

You are nice , Superstrom can not blown away crude of humans. Much of traders try to get huge profit in this time. This time every one should help to refugees.

 

[FrankSlaughtery]

Quote from uexkuell:

Any ideas why crude isn't going up after the storm?

first of all the why doesn't matter - your clearing firm pays you on price alone

with that being said here are a couple of explanations...

1. demand destruction (refineries closed, airlines grounded, no one traveling via car to work, etc)

2. supplies at/near historic highs

3. continued slow econ growth, europe worries, blah blah blah

 

[zdreg]

Quote from michael45:

You are nice , Superstrom can not blown away crude of humans. Much of traders try to get huge profit in this time. This time every one should help to refugees.

nonsense.

 

[Traveler]

Crude goes up during Gulf Coast hurricanes because we make it here. Not much offshore drilling in the wake of a NY storm.

 

[MyFire]

Quote from joshcohen:

What stock recommendations are there to make money if the hurricane floods the east coast?

Josh

7 million homes were without electricity for 4 days in New York. The profits of power companies will fall.

 

[KMAX]

here's 3
trex
bldr
usg