Preparation "H"

Obviously, the title is only meant to get your attention----For the past week or so, the attention of the whole nation has been on the NorthEast. The HUGELY destructive storm Sandy that struck New Jersey, New York, and other States has been the top story in the news. It continues to captivate our attention even with the Presidential Election only a day away (today is Nov 5). The Total Interruption of millions of families, of city and state governments, and even of our national resources is paramount in the thoughts of our populace. The Hurricane named Sandy (now called the “SuperStorm”) will forever be remembered in history and is one of the most-costly natural disasters to ever strike our shores. The wreckage and destruction to infrastructure was HUGE----but---I think the DEVASTATION TO INDIVIDUALS was of even Greater Consequence ! To his point (in particular) I write about Preparation “H”------Hurricane !!!

 I live in Louisiana---part of the South bordering the Gulf Of Mexico. Along with several other states, we are very familiar with Hurricanes----you might remember a recent storm that we suffered named Katrina. I can assure you that we are sincerely mindful of every hurricane and we realize the potential threat that each one imposes. Most of the people living along the southern Gulf Coast have learned about Preparation Hurricane from first-hand experience. We know that it is PRUDENT to be prepared!! We have independent home generators with reserve fuel---we can each testify as to prolonged utility outages----we have water containers, candles, flashlights and batteries, ready-to-eat food supplies, extra medicines, a couple of changes of clothes, and always topped-off fuel tanks in our vehicles. Most of us have evacuation plans should it be necessary and we have a willingness to help our extended family and neighbors when needed.

As stated before, most of these things come naturally to us because we have experienced the frequent hurricanes first-hand in our part of the nation. I can and do sympathize with the residents of the NorthEast who, for the most part, were unprepared for Sandy and its consequences simply because hurricanes do not and have not affected that area very often. On the other hand----Preparation “H” DOES NOT have to stand for just “hurricane” !!!

Other things that Preparation “H” could stand for are---High Winds, Heavy Snow, High Water, Heightened Earthquake Activity, Hazardous Meteors, Hyper-Volcanic Eruptions, Harmful Radiation, or Homeland Security Threats-----you get the picture-----any HAZARD that could befall us. When I witness anything that causes great loss anywhere in the world, I have to reflect on the fact that people everywhere suffer to a greater extent when they are not prepared and they lack the ability to help their own families and others. So-----I urge everyone to PREPARE in some measure and as much as possible for any one of the “H” factors because, no matter where you live, the possibility of one of these hazards exists----your preparation could not only make your situation more bearable but could possibly Save Your Life !!!

I try to always say something about Trading in relation to the title and here it is----Preparation “H” in this case is HAVE A PLAN. Doing so could be the only thing that thwarts catastrophic losses and avoids the disaster of a non-monitored trade gone wrong. If you question what things should be included in your Plan, a visit to the CFRN website, or a call to one of the CFRN Team Leaders would be prudent.

OH---------one more thing----------wait for it---------IF IT IS PRUDENT to Prepare---I will mention but not preach one more “H” to prepare for-------HEAVEN !!!

Good Trading,

Powderhorn