We lost electricity about 3 PM yesterday. (No clue when it will come back on). We have plenty of supplies.

I took some photos of the storm surge (I’ll post some later) After sunrise, I will check out local beaches/marinas.

If Starbucks is open, I may get a post up later.

Be back later . . .

Category: Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

29 Responses to “In the Dark”

  1. JC in Va says:

    Be safe. I presume your home is okay?

  2. Haigh says:

    Barry,
    Why are the US markets dependent on NYC?
    What prevents Chicago from opening all equity markets for global trade purposes?
    Seems very twentieth century to close markets that are largely electronic.

  3. Orange14 says:

    BR-Stay safe!! We came through OK down here in Bethesda MD. Some scary wind gusts and lots of rain but no trees came down around our house and power stayed on. Anyone who doesn’t believe in climate change after the storms this year needs a lobotomy.

  4. krice2001 says:

    Good luck to you, Barry. Out of power here in Boston suburbs, too, since about the same time as you. One bag of ice in each refrigerator to keep things cold, flashlights, lots of batteries, radios, candles…

    Hoping for a better response from power company than Hurricane Irene (2 1/2 days no power) and the “freak” Halloween snow storm last year (3 1/2 days no power). We’ll see.

  5. Jack Damn says:

    If you need any avocados Barry, let me know.

  6. Wexler says:

    “Life isn’t easy from the singular side…down in the hole some emotions are hard to hide…”

    - Billy Squier

    In all seriousness, hope folks are ok.

  7. number2son says:

    Wishing you and your family well.

  8. 10x25mm says:

    Now would be a good time to run around your neighborhood and check on all the elderly, particularly those dependent on electrical appliances such as oxygen concentrators. Their friends and relatives may not be able to get to them and typically they start running into trouble within 24 hours of a power outage.

  9. DC says:

    @ Haigh –

    With all sincere positive thoughts for all residents in the affected areas, here are possible reasons markets can’t stay open on Wall Street:

    1) Wall Street symbolizes the free market. A lack of continuity of operations planning is therefore the very best possible market response.

    2) Streeters have been too busy ceaselessly whinging about “uncertainty” to prepare for actual uncertainty such as catastrophic weather, localized power grid outages, epidemics, etc.

    3) Nothing was learned from 9/11. Or there was no apparent financial incentive to do so (most likely due to insufficient tax cuts and/or burdensome regulation).

    4) Their world is so insular as to think that Connecticut is geographically diverse from NY/NJ.

  10. MorticiaA says:

    Glad you and your family are safe.

  11. rd says:

    DC:

    You can add some others:

    5) Government cannot be counted on to do anything, including building and maintaing under-funded infrastructure, so it is simply up to the free market to determine whether or not trading will occur in facilities built and maintained by the capitalist companies. Today is simply another day, like the weekend, when it is simply not cost-effective to have a trading floor open.

    6) It is critical to the success of the private market financial systems to allocate revenues to corporate profits and individual bonuses instead of robust, reliable systems. After all, it is the government’s job to backstop their profits should something bad occur like a financial crisis or hurricane. Hopefully, taxes will go into essential functions like this instead of disaster relief for the people who don’t pay income taxes.

  12. wally says:

    “Why are the US markets dependent on NYC?”

    NYC traders are afraid somebody would outrun them while they had no access, so they won’t allow it.

  13. VennData says:

    The timing on this is typical, Obama and his Chicago guys pulled this off to try and convince you that Global Climate Change is real, when it’s a complete crock.

    – Jack Welch

    I flew out of Connecticut via a public airport based on the National Weather Service’s predictions. So no need to worry, it didn’t get me. I’ll keep your posted on how badly they do on the clean up.

    – Jack Welch

  14. smedleyb says:

    All I can say to all the Tea Party folk trapped on their roofs: swim, bitches.

  15. digistar says:

    “Why are the US markets dependent on NYC?”

    Correct me if I’m wrong, but the New York stock market serves no useful purpose to our society as a whole nowadays.

    Mainly it seems to exist to benefit the high frequency traders, hedge funds and big banks.

    And when they screw up, the other 99% of us have to bail them out, at 100 cents on the dollar, plus bonuses.

    So, I don’t see why we can’t get along just fine without the #$%^#@#$ stock market.

  16. James Cameron says:

    Perhaps FEMA can provide a helping hand to WSJ, as it labors to get its Web site back in working order . . .

  17. digistar says:

    Barry,

    Forgot to add: Good luck and be safe.

  18. jnkowens says:

    Since we’re so close to the election anyway, I wonder what folks think of the idea of both candidates suspending their campaigns until election day, and imploring their SuperPacs (over which they allegedly have no control) to suspend all further advertising and instead donating all remaining money in their coffers to the relief effort.

    Perhaps this tragedy would then serve some good as being the inflection point at which all Americans woke up to the fact that if we all pull together and compromise we have a better chance of solving our problems.

  19. techy says:

    jnkowens:

    If you look at the history of humanity, we have a better odds of blowing each other up than work together for betterment of everyone.

    Sorry for being such a cynic, but since 70% of humans are too stupid to even think and vote for their own benefit we are just reduced to dominance/exploitation by the fittest/luckiest.

  20. DeDude says:

    Lucky stiffs being hit by disaster before the Romney/Ryan plan “save” on government spending by moving the spending (and taxation to cover it) from the federal to the state and local level. Nothing like cost shifting, packaged and sold as a spending cut (the morons swallow it every time).

    http://www.econbrowser.com/archives/2012/10/romneyryan_on_f.html

  21. thomas hudson says:

    tis a shame some feel compelled to inject politics into a thread about an ongoing natural disaster. lives have been lost, homes burned, families displaced, billions of dollars of property damage, and we get jack welch jokes here. they are usually pretty funny, but how about we get everyone safe and things up and running, and then make fun of ourselves in retrospect, maybe in a few days.

  22. AAP says:

    When are we going to stop cutting corners and start engineering safe cities that can withstand these natural disasters. If a developer wants to build in a flooding zone, lets make sure the city planners force them to construct strong enough flood defences. Just imagine if a nuclear power plant was to get flooded!

  23. farmera1 says:

    Best of luck to all that felt the fury of the storm. Mother Nature has a way of evening up the score. We screw with her, she will get her vengeance.

    Here in central southern Michigan we felt the tail of the storm. High winds during the night (maybe 50 MPH or so) and rain. No significant damage here. Lake Michigan had reported waves of 35 feet which I believe would be a record. Hard to imagine that kind of wave on Lake Michigan. Superior has always been storm prone with huge waves. Lake Michigan no so much.

  24. whskyjack says:

    ” but how about we get everyone safe and things up and running,”

    Without politics?
    you jest, no?

    If not, then such naivete.
    It is going to take massive amounts of government on all levels. that means politics.

    Plus it is hard not to ridicule those that think government is the enemy at such times.

    Jack

  25. dyrwolf says:

    What I read earlier gave me the impression you do not have a generator? Guess you rarely lose power. Real handy, power the whole house, and run off natgas. Best investment I ever made, but we lose power pretty often and are the last to be restored.

  26. willid3 says:

    hard to tell if he has one or not. but he wouldn’t be posting much if the dsl/cable is down. unless he has a cell phone card he can use, but then that depends on if the tower is still working.

  27. DeDude says:

    @ thomas hudson;

    Considering the joke saying that the worst thing you can ever hear are the words: “I am from the government and I am here to help” – it should not be a surprise that those types of attitudes get ridiculed exactly in the times of disaster when everybody see the shortcomings of private for profit enterprises and the need for large scale coordinated humanitarian efforts.

  28. philipat says:

    Best wishes to you and your family Barry and I hope the damage is not too bad. It’s interesting that the Northern/Western parts of LI suffered worse, seemingly because of the storm surge in LI Sound. Having lived in parts of Asia with typhoons for many uears, I understand what these storms are like. And it gets quite scary!! Stay safe.

  29. Kent Thune says:

    Glad to hear all (or most) is well, Barry. Perhaps you could share in a future blog post what is included in your “supplies” for survival?

    Stay safe and irreverent.