Courtesy of Mish.
As many as 2 million customers are without power as Sandy slammed into New Jersey and New York.
The markets will be closed again on Tuesday but may resume on Wednesday, the final trading day of the month. New York’s mass transit system remains shut and it is unclear when service will be restored.
Here is an Image of Hurricane Sandy from Space from a New York Post Tweet.
Large Nor’Easter on Steroids
Accuweather (Premium) says Northeast Catastrophe Unfolding.
An extremely rare and dangerous storm, “Sandy,” has roared in from the Atlantic Monday evening. Inundations have already occurred and will get worse through the first part of Monday night.
According to Expert Senior Meteorologist Steve Wistar, “Sandy is unfolding as the Northeast’s Katrina in terms of impact.”
There is the potential from the central New Jersey coast to New York City and western Long Island have some of their worst coastal flooding on record with Sandy tracking into New Jersey.
High Winds, Power Outages and Downed Trees
Sandy will not be your typical hurricane as it moves in from the southeast. Hurricanes are small and compact. Damaging wind gusts will reach from Boston to Washington, D.C., and inland to the central Appalachians.
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