FYI: I got this from Jason Zweig's Blog. "This Day In Financial History"
Regards,
Ted
As forecasters predict a few clouds or scattered showers, the Hurricane of 1938 crashes across Long Island and coastal Connecticut with 186-mph winds, killing some 600 people, flattening 275 million trees, and doing $306 million in damage. The stock market is blown over, too; while the Dow closes up one point for the day, at 139.29, the market loses 7% of its value over the next four trading days.
