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Ignore the Pundits -- Katrina Will Hurt

Stock quotes in this article: ^DJI , ^IXIC  

Editor's Note: This is a bonus column from Barry Ritholtz, whose commentary usually appears only on RealMoney. It was published at 10:41 a.m. EDT. We're offering it today to TheStreet.com readers. To read Ritholtz's commentary regularly, please click here for information about a free trial to RealMoney.

Forget most of what you may have heard or read in the financial press about the post-Katrina recovery. This is an unprecedented U.S. disaster that will be felt most acutely by the domestic U.S. economy, but it will have far-reaching global repercussions also. ...

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