Thursday, April 7, 2011

Nuclear issue is market moving news

Check the news, the new earthquake and tsunami in Japan was about 100 times less strong than the big one.   People panic, but it won't be nearly as bad as the big one.   However 2 reactors in Miyagi lost their utility power, and in typical news reporting fashion, the 800lb gorilla was not even presented, i.e. does their backup power sources work?  

Admission of a core melt down and "melt out" is now mainstream.   Every day they don't completely solve the issues of fission occurring, leads us closer to massive disaster, not just big disaster.

Please note our worst case scenarios 2A and 2B from middle March.

http://oahutrading.blogspot.com/2011/03/nuclear-japan-stock-market-holding-up.html
Please consider the factor of ignorance and denial as being two main hobgoblins of human condition.   Greed is up there also.