Vertical Research Advisory
Newsletter

Hurricane Sandy…Presidential Election…It’s Still The Economy…Stupid

We were told well in advance that Hurricane Sandy would be a once in a lifetime storm, and in a major rarity, forecasters actually underestimated a storm. Katrina, Part Two It’s hard to find the words for what we are witnessin ...

Posted On November 05, 20126 MIN Read
Share:
vra-default-img

We were told well in advance that Hurricane Sandy would be a once in a lifetime storm, and in a major rarity, forecasters actually underestimated a storm.

Katrina, Part Two

It’s hard to find the words for what we are witnessing, but for me, it sure brings back memories from August 2005. Few were prepared for what we are seeing play out this week, and with electricity still out for more than 3.5 million homes and businesses in just New York and New Jersey, and with two-thirds of all gas stations completely out of gas, trust me on this…this situation is about to go from “incredibly bad” to “unthinkably bad”.

And by the way…we have a Presidential election in just four days (with at least 300 polling places that have no power).

A few observations:

While it remains to be seen who will win this election, I cannot help but think back to the environment in 2008…and to the VRA update I wrote immediately following Obama’s election:

“It’s the Economy…Stupid!

This now famous line was attri...

Continue reading your article and start your free 14-day trial with VRA.

Start Free Trial

Already have an account? Sign in.

Related Post

June 11, 2026
VRA Letter: Xtract One Tech Earnings

Good Thursday morning. I’m in meetings this morning but will be back with our Letter a bit later. We’ll also be on the Xtract One Tech (XTRAF) earnings call this morning and will report back. This looks to be the most important, and certainly the most impressive earnings report from X1 to date. Here’s an […]

June 10, 2026
VRA Letter: Excellent Internals on a Bad Day. May CPI Report; a Slight Beat. Capitulation Readings in Gold Miners. Own Physical Gold/Silver, Avoid Fiat.

Good Wednesday morning. Late in the trading day yesterday we learned that Trump was planning to take fresh military action against Iran, in what they continue to call “defensive actions”, while the ceasefire remains (somewhat) intact. This sent the markets reeling mid-day although a solid afternoon rally resulted in a positive close in the Dow […]

June 09, 2026
VRA Letter: Our Bullish Themes Remain Fully Intact. Trump; Juicing the Market. China’s Warren Buffett Buys Tesla. Galaxy Digital Jumps 21%. Oil/Rates/USD.

Good Tuesday morning. Yesterday’s trading looks to have confirmed that Friday's selloff was an anomaly in an otherwise strong bull market. Our Big 3 remain: the Trump Economic Miracle, Innovation Revolution and an absolute ocean of liquidity will continue to power this market higher into the 2030’s. Dips will remain buying opportunities. From the beginning […]

June 08, 2026
VRA Letter: Fridays Selloff; the Data Says It’s a Buying Opportunity. What We’re Watching and Ready to Act On.

Good Monday morning. Following Fridays sharp selloff in Nasdaq (-4.2%), over the weekend we saw a resumption of military action between Israel and Iran, which resulted in oil jumping 5% overnight to $95/b. However, those hostilities now look to be over, with oil trading back down to $91.50 as Trump encourages both sides back to […]

June 05, 2026
VRA Letter: May Payroll Data; Red Hot. Market Update. Your Questions: Falcon Buyout, SpaceX IPO, Bitcoin/TAO, VRA Portfolio.

Good Friday morning. The May jobs report is in and the results are strong with 172,000 jobs created vs estimates of just 88,000. The unemployment rate is unchanged at 4.3%. In addition, the last two months of payroll data have been revised higher by a total of 93,000 jobs. Two points here; the economic benefits of […]