It’s not often that the weather brings Wall Street to its knees. But Hurricane Sandy is already packing a wallop along the East Coast, and it has prompted the shutdown of U.S. financial markets – which were closed Monday and will remain closed Tuesday.
The last time the weather caused a two-day closure of the markets was back in 1888. That was the year Democrat Grover Cleveland lost his bid for a second term as U.S. president to Republican Benjamin Harrison. It was also the year that the first waxed drinking straw was patented by Marvin C. Stone in Washington, D.C. Go figure.
And ironically, it was the year of the second largest snowfall in New York City history – 21 inches. Extreme weather then, extreme weather now … it seems that some things never change.