This Day On The Street
Continue to site right-arrow
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

What If the Real 'Big One' Hits the Northeast?

NEW YORK ( TheStreet) -- We've been quite lucky that no major hurricanes have hit the United States over the past seven years.

In the wake of the massive flood damage caused by the Category 1 Hurricane Sandy in late October and an excellent concert last Wednesday at Madison Square Garden to raise funds for victims' relief, that may seem like a strange statement, but "none of the twenty major hurricanes forming in the Atlantic basin in the past six years have impacted the U.S. coastline at major hurricane strength," according to the Tropical Meteorology Project.

A major hurricane is a storm of Category 3, 4 or 5, "which reaches a sustained low-level wind of at least 111 mph (96 knots or 50 ms-1) at some point in its lifetime," according to the Tropical Meteorology Project, which is led by William Gray, professor emeritus of atmospheric science at Colorado State University.

The Odds of a Big One

While the Project's quantitative hurricane forecast for 2013 will not be released until April 10, the group's Dec. 7 Extended Range Forecast of Atlantic Seasonal Hurricane Activity and Landfall Strike Probability for 2013 includes a "qualitative discussion" on various factors underlining a very busy period for hurricane activity, that is likely to continue.

According to the Dec. 7 report, the past seven years have been quite unusual, with no major hurricanes hitting the mainland, following a very difficult 2004 and 2005, "when seven of 13 major hurricanes made U.S. landfall," including the catastrophic Hurricane Katrina, which hit New Orleans in late August 2005. The Tropical Meteorology Project said that "The last 100-year climatology indicates that approximately 30% of all major hurricanes that form in the Atlantic basin make U.S. landfall as major hurricanes."

While the Dec. 7 report didn't contain specific number predictions, it did include probabilities for tropical storm and hurricane hits for 2013. The probability of a "named storm" hitting the East Coast, including Florida, is 81%, while the probability of Category 1 or 2 hurricane hitting is 44%, with a 31% probability of a major hurricane of Category 3, 4 or 5 making landfall, during 2013.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr 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

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

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!
AIG $54.67 1.20%
ALL $70.92 1.20%
CB $101.43 1.10%
TRV $108.99 1.70%
TSLA $183.88 -0.61%


DOW 17,962.36 +249.70 1.41%
S&P 500 2,081.72 +20.70 1.00%
NASDAQ 4,929.1860 +37.9670 0.78%

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