Business Magazine

Whipsaw Wednesday – Smoke on the Water

Posted on the 16 March 2011 by Phil's Stock World @philstockworld

550,000 people have already had to find another place as Japan evacuates a wide zone around the plant (and how would you feel if you were living one block away from that zone?  If they are forced to widen the evacuation area, about 2M people could quickly be displaced and over 100,000 Japanese soldiers are in the disaster zone, attempting to help out with the relief effort but also standing ready to mobilize a major evacuation if necessary.  People in Tokyo did not have to wait and many have already headed south or out of the country completely to avoid possible radiation fallout.  Many foreign corporations are recalling workers, businesses are at half-staff and panic buying of food and water is causing shortages in one of the World’s most civilized cities.  Think about that…

Also think about why the Nikkei went UP 5.6% last night – retracing 1/3 of the losses since the earthquake.  Are we getting hysterical interpretations of events over here or is it perhaps simply that those people who stayed in Tokyo to trade are, by definition – the optimists!  I was interviewed by BNN yesterday and they were "shocked" that we were buying yesterday – especially that we were buying HIT ($47 entry), GE ($19.20 entry) and SHAW ($31.50 entry on Monday).  

Too early they said.  I see it differently.  It seems to me that if this goes badly and the sentiment runs to decommissioning existing plants – that’s going to be a lot of work for these guys.  If there is a push for alternate energy – that’s good for GE and HIT.  If there is a push to put newer, safer plants on-line to replace older…

You Might Also Like :

Back to Featured Articles on Logo Paperblog

These articles might interest you :

  • Bendy Water

    Here’s a science experiment you can do in your own kitchen! All you need is a plastic comb. Go to the sink and turn on the water. Adjust it to a thin stream.... Read more

    By  Jerry At Ays
  • 10 Amazing 'Above-Water' Shipwrecks

    Amazing 'Above-Water' Shipwrecks

    image credit The world's oceans are abound with shipwrecks and a multitude of other nautical artifacts. Lurking deep beneath the waves of the planet's most... Read more

    By  Gerard
  • Metal Moon Water

    Metal Moon Water

    If you are planning to visit the moon, you should bring a filter if you plan on drinking moon water. Water ice recently discovered in dust at the bottom of a... Read more

    By  Kovmil
  • Review: Water for Elephants

    Review: Water Elephants

    Water for Elephants by Sara Gruen Genre: Adult Fiction, Historical Fiction Pages: 399 (ereader) From GoodReads: Though he may not speak of them, the memories... Read more

    By  Bookaholic
  • Wednesday Writes – It’s Paperytastic!

    Wednesday Writes It’s Paperytastic!

    Part two of the new weekly* feature every Wednesday on the English Wedding Blog: Wednesday Writes.This week on Wednesday Writes: The anatomy of a wedding... Read more

    By  Claire
  • The Water Treatment Cycle

    Water Treatment Cycle

    See this great animated tour of the water cycle by Yorkshire Water and see what happens to create fresh water. Treating water to this high standard takes a lot... Read more

    By  Lisacollins
  • Recycling Your Bath Water with Water Two

    Recycling Your Bath Water with

    Hello again!I wanted to talk about the WATER TWO and dispell a few myths about drainage and what happens when water goes down the plug hole. Read more

    By  Lisacollins