SHTF In Japan.. futures down over 13%
Was looking at ZH when this was posted:
http://www.zerohedge.com/article/nikkei-flash-cra…
Dow and S&P futures down around 2% as well. Could be a really bad day tomorrow. Hold on to your hats, people.
Sympathy goes out to those in Japan..
My theory is that PM is the target of flights to safety now. I'm 150% in silver. Let's see what happens this week.
I was just reading the same thing.... http://www.abc.net.au/news/stories/2011/03/15/3164595.htm
Winds are blowing the radioactive smoke plume in the direction of Tokyo, and could be there in the next 10 hours. They're already detecting radiation at 9 to 40 times the normal level in areas near Tokyo. Could you imagine if the reactors get worse or God forbid an actual meltdown?
With the possibility of a 7-8 after shock, this could turn UGLY in a matter of seconds. This is bad now, but would be considered a cake walk if an aftershock takes out all the reactors and a meltdown occurs.
Meh.....Tokyo is 150 miles away. You'd need to get radioactive material at least 1,000 feet in the air. That (hopefully) won't happen.
Insane. Dow is already down 270 points. Could be a solid buying opp.
http://www.ornl.gov/sci/env_rpt/aser95/tb-a-2.pdf
Radiation Dose Table
http://www.marketwatch.com/story/tokyo-radiation-levels-23-times-normal… Current level is 0.809 micro severts, or 80.9 mrem (1 mrem = 0.01 microseverts)
Hopefully it won't get much higher than current levels.
I'm Short: DFJSX TM HMC SNE
Bought: EWV
Let's just say tht resulted in mad misery alpha
Hopefully Japan's steelmakers aren't able to produce steel for a long time. And yes I do own shares in PKX.
NHK saying radiation up to 400mSv at Reactor #3, 100mSv at Reactor 1. That's 250 times the maximum reported prior number. Might be a meltdown.....
The best time to buy is when blood is running in the streets. - Nathan Rothschild
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