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Tuesday, October 30, 2012

Wall Street closed with Hurricane Sandy

Some scary scenes in the United States as Hurricane Sandy batters the East Coast.

Sadly, a number of people have been killed already and watching stuff like this on the news makes me appreciate how lucky we are in Ireland with the climate we have. My wife is from Newfoundland on the East Coast of Canada so I hope it keeps away from there.

Wall Street has been closed so we can expect most markets around the world to be quiet. I've decided to stay away from the financials today - there might be a bunch of people looking for some action elsewhere and it can be hard to predict what effect it will have. I don't think we'll see moves too big though.

As regards the betting for the presidency (in which I've backed Mitt Romney at 2/1), the storm may turn out to be a boost for Obama. Times of national solidarity or crisis can work in the president's favour and he may be out and about addressing the nation. Although that said, if the storm continues until polling day, it could have an effect on turnout.

On the racing front, I'm just having one form study bet today. Mundahesh (5.10 Wolverhampton) will be a very short price but this should be a straightforward penalty kick. Here's Timeform's comments:

From family of smart milers Trans Island and Welsh Diva, and matched debut form when ½-length second of 9 in 6f maiden at Kempton last time. Step up to 7f will suit, and sets a solid standard.

Best of luck with your trading/betting today. 

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