Chris Versace is a financial columnist and equity analyst with more than 20 years of experience in the investment industry.
After the next few days, the name Sandy will survive in the lexicon of the American language as one of the worst storms on record that battered the Eastern United States. No longer will Sandy be remembered mainly as an early Bruce Springsteen song, but rather as a storm that closed the federal government; forced the evacuation of lower Manhattan; shut down the New York Stock Exchange (NYX), the Nasdaq (NDAQ) and millions of other businesses; resulted in lost power at millions of homes and businesses from Virginia to Vermont; caused billions of dollars in damages — up to $20 billion, according to Kinetic Analysis Corp.; and cut into weekly paychecks for hourly wage employees.
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