Reactor looks toast in this picture

You know it seems like this is already Chernobyl, meaning I think there is already a full on radioactive exposure to the environment and they are not really telling as the containment vessel is not like exploded in Chernobyl. But the end result is the same, they cannot stop the leakage anymore perhaps, even if they fully cool down the reactor with an hose...

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The real problems for the rest of us is the Japanese commitments to buy US and EU debt and it won't be happening --for a long time, this is a bond market disruption...

So, I don't know, I have seen the markets doing absolutely the most irrational and rally to new highs in these situations like in Oct 2007 --although it was a man-made disaster, the memory is still too fresh about even 2008 spring rally. But then there is also all the excuse they needed to dump the markets completely. The market was priced for perfection and now it has to be priced for a nuclear leak...

The breadth is somewhat improving today so I am optimistic, but the breadth cycles are known to slow down the trends but not quite turn them due to the momentum. So, I will be carefully watching, so far, I still think we will get a good rally, but perhaps we may see more weakness and lower prices for the next 2 weeks until the situation is under control.

It just doesn't make sense to top 3.5 months before the end of the Fed purchases, but the bond market may get further disrupted...

http://www.dailymail...ter-hidden.html

Charter companies reported charging as much as $160,000 for a flight to Tokyo. with one saying it had a request from 14 bankers who 'did not care about price.'

I heard it said that the Fukushima Daiichi plant contains over 600,000 spent fuel rods, which were stored near the roof. And recent pictures indicate this area was destroyed by the blasts. If the spent rods are not kept cooled in water, this would cause “catastrophic fires” and turn the crisis into “Chernobyl on steroids.”

i agree arb, regarding that second explosion - anything blowing chunks of building materials that hi in the sky was probably uncontrolled and very serious.

Earthquake, tsunami, then radiation, what's next? Sink the islands?!?

Btw, the earthquakes never stopped... Still going at 4.5-5.5 scale at every 30 minutes... With a few
6 in between...

http://earthquake.us.../140_40_eqs.php