The Dow Swings On Fukushima Headlines
Become a member: Subscribe
NTS Headlines
Headlines by Category
Headlines by Year
Solari’s Building Wealth materials are organized to inspire and support your personal strategic and financial planning.
Building Wealth
This 6-pillar curriculum teaches the basic literacy we need to be personally and financially successful and to do so in a manner in which together we evolve a culture that supports the emergence of an advanced human civilization.
Missing Money
Articles and video discussions of the $21 Trillion dollars missing from the U.S. government
Connect with the wider network of like-minded Solari subscribers using our in-house social media platform, Solari Connect.
No posts
The Dow Swings On Fukushima Headlines
By Gregory White
Today’s was a wild day for markets. Pretty much every dramatic movement in the Dow can be traced back to one source: The crisis in Fukushima.
Here’s a quick rundown:
• 11:01 AM ET: Headline crosses the wires stating, “EU ENERGY CHIEF SAYS POSSIBLE CATASTROPHIC EVENT IN NEXT HOURS.” Markets plummet on the news.
• The EU Minister then retracts his comment, says he fears a catastrphe. Markets still head lower on the news that fuel rods in reactors 4, 5, and 6 are exposed.
• Around 2:00 PM ET: The US Energy Secretary says he believes “partial meltdown” has already happened. Radiation levels are said to be “extremely high”, according to nuclear regulatory committee chief Gregory Jaczko.
• Around 2:20 PM ET: Headline crosses the wire that the Japanese power company has nearly finished work on the power line that will solve the crisis. Markets climb back.
• Around 3:00 PM ET: TEPCO, the Japanese electricty authority, then says it can’t say when the power line will be fixed, only that it will be ASAP.
The madness of today’s trading day, pictured in the Dow’s movements:
[click on the image for a larger version]
Continue reading the article . . .
Related reading:
2011 Japanese Nuclear Incidents
Wikipedia
