"New Blast Reported at Nuclear Plant as Japan Struggles to Cool Reactor" http://www.nytimes.com/2011/03/15/world/asia/15nuclear.html?_r=1&hp When it rains, it pours.
Holy spiraling insanity batman!!!! This is incredible. Almost 2000 points shaved off one of the worlds top indeces in two days!!!!! :eek: :eek: :eek: :eek: I don't know man, but the trader in you should be looking to buy EWJ. ES at major support at ~1272, but the next stop is a long way, 1250 minor support, 1242 major.
http://www.ritholtz.com/blog/2011/03/japan-and-bahrain-oh-my/ Great article. I never really looked at the situation this way. It's another perspective. That said, when the trend resumes upwards, I'll will return to swing trading the long side...until then its RTM all the way all day intraday. Japan sinks 12% intraday. Crazy times we live in.
What is the right way to play this if you want to be brave and go long? Probably 75 Delta calls on EWJ.
Given the proximity of the four reactors to each other, what happens if two breach core into each other? Could it accelerate and cause a cascade of meltdowns, like one domino topping the next?