The S&P 500 and the Dow Jones Industrial Average are trading near all-time highs. Interestingly, this is despite September’s and October’s reputation for being tough on the markets. Most stock market crashes have occurred during October. With a potential widespread correction looming, investors are taking a chance on penny stocks.
Fears of inflation are running high. Then, there is the increasing tension between the U.S. and China. And to add fuel to the fire, we have the recent turmoil in Afghanistan. Understandably, an investor might be squeamish about adding new stocks....More>>>
The Allstate Corporation (ALL Quick QuoteALL ) estimates a headwind of $876 million or $692 million after tax. Catastrophe losses for July and August totaled $1.1 billion pretax.
The havoc was caused by 11 weather-related occurrences. Hurricane Ida impacted 19 states with the majority of losses occurring in Louisiana, resulting in gross losses of $1.4 billion. Net losses are estimated at $631 million pretax ($498 million after tax), reflecting anticipated reinsurance recoveries.
Hurricane Ida, which hit Louisiana and other Northeast areas, was of great intensity and is estimated....More>>>