This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Wall Street Gets Back to Business, But For How Long?

Stocks in this article: SLG BPO

The story was the same at the Milk Truck, another mobile food vendor on Wall Street that sold out of grilled cheese sandwiches -- an unusual circumstance, despite the fact that they'd brought more than usual.

The Milk Truck, Nader's hot dog stand and the NYC Love Street Coffee Truck created a mini-oasis among Financial District residents.

People in the area lacked not only food, of course, but electricity as well, which was why they were happy to find Daymion Mardel and Angel Hernandez offering them a chance to charge their mobile phones for free from the back of their car. Con Edison says electricity will be restored by Saturday.





Freelance commercial photographers who share a residence in Harlem, Mardel and Hernandez have mobile charging equipment they use regularly in their work.

"We decided that rather than have it sitting at home we could put it to good use for people that really need it," Hernandez said.

It may seem that none of these things -- the lack of food and electricity, Con Ed trucks dotting the landscape, the good samaritan cell phone chargers -- are ordinary.

Still, for a New Yorker who experienced Sept. 11, 2001, the occasional blackout or snow storm -- even Occupy Wall Street protests -- the Financial District's first day of trading after Hurricane Sandy wasn't a big deal. More surreal were the days following the Chapter 11 bankruptcy filing of Lehman Brothers. The world felt to most of us who work in the financial-services industry as if it might collapse, even though everyone and everything on the street looked completely normal.

Maybe another thing that made Sandy seem like such a non-event in the Financial District was that the water disappeared so quickly. Despite pictures of floating police vans I'd seen online Tuesday night, I had to look hard to find a puddle. An extra pair of shoes and socks I brought along weren't necessary.

Still, for Sandy's seeming insignificance alongside the terrorist attacks, the blackouts, the snow storms and the financial crisis that I've witnessed in my 15 years as a New Yorker, Sandy is in some ways more unsettling.

3 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,678.70 +6.10 0.03%
S&P 500 2,057.09 +5.27 0.26%
NASDAQ 4,771.7630 +13.8840 0.29%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs