This is a syndicated repost published with the permission of Money Morning. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business’ “Varney & Co.” this morning (Tuesday) to answer the question, “Does weather move the markets?”
Georgia will fall victim today to a winter storm the National Weather Service is calling “a historic, catastrophic event.” Atlanta will shut down for the next two days, and U.S. President Barack Obama declared an emergency for the state. The storm will ultimately affect more than 100 million people, from Texas to Georgia, New York, and Massachusetts this week.
Weather does impact the economy – more than 1,150 flights were canceled nationwide as of noon today, factories are shutting down production, and customers are staying home instead of shopping.
But Fitz-Gerald actually likes foul weather when it comes to investing.
Watch the video to see why bad weather is a good thing for investing:
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