CNN wrote:The Oceanic Niño Index (ONI) measures sea surface temperatures in the tropical Pacific. Zero is average, positives numbers are warmer, and negative numbers are colder. Anything above 0.5 is considered El Niño conditions -- and anything above 1.5 is a strong El Niño.
The strongest El Niño was the 2.3 event in 1997-98. The current figure for this year's El Niño is 1.0, but it's been climbing for four straight months. Almost every forecast predicts that this year's El Niño will climb above 2.0 -- and many are forecasting the strongest El Niño since records began in the 1950s.
Which areas will be hit?
Be prepared,....for the losses if you live in the highlands or bumper harvest if you live in the arid and semi arid areas.
more here"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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