The Ram, "Although radiation escaping from a nuclear power plant catastrophe can increase the risk for many cancers and other health problems, stress, anxiety and fear ended up in many ways being a much greater long-term threat to health and well-being in Chernobyl, Three Mile Island and other nuclear accidents, experts said Monday" http://www.washingtonpost.com/wp-dyn/content/article/2011/03/14/AR2011031405086.html There is no compelling evidence that this will be as bad as Chernobyl. It will very likely that it will not be. From memory at Chernobyl: 56 people died within the first few weeks (mostly plant operators and fire crew). There are several thousand excess cases of thyroid cancer and a number of deaths. That is about it aside from anxiety and depression. No reliable evidence for increase in any other cancers. Several thousand people MAY die from cancer ultimately, though this is looking increasingly unlikely as time goes on. In all likelihood this is very much a worst case outcome in Japan. But the Japanese have had much more time to react than what was possible at Chernobyl so it would be extremely surprising to see health outcomes like Chernobyl even in the worst possible outcome at the nuclear power plant.
Well, the good news is if you're a long term investor in japan this is an awesome opportunity to pick up some cheap stock.
Well, looks like we found out what would kill this 16 month bull market, the ramp up from 9/1/2010 is done, its only going to get uglier. These nuclear reactors are not an overnight fix. Trend is down. Ef
At some point it will be a once in a generation opportunity, but not here. They were already cheap, the govt is screwed but not the multinationals, there will be ripe peaches to pick off.
Euro was finally getting some traction so I started to work the 1253's. Last out at 1256.00's........good hit there.