Cramer: Harvey's Not an Issue for the Markets, the iPhone Is

Nobody wants to profiteer off a Hurricane. Loss of life from a natural disaster is what matters. That's unequivocal. But events like Harvey, where there's tremendous property damage and a huge need to rebuild, do spur economic development, something that's not worth thinking about now, but will be the case in just a few weeks when the water recedes and the danger passes.

The market itself, however, tends not to respond to natural disasters of any magnitude, hence the placid nature of today's averages. And while there will be a massive rebuild of the damaged property that will require a great deal of federal money as well as insurance, it's not enough to impact our day to day. I offered some specific positives and negative investing concerns related directly to Houston earlier today, but when we talk about what are the themes of today's trading, Harvey's not one of them....1135 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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