CL Redux

Quote from RichardRimes:

I am still trying to figure out exactly "what" a catastrophic event would be?.........................................meltdown or release of substantial radioactive material into the atmosphere? Chernobyl?
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The EU guy is a tax lawyer by training.

http://blogs.marketwatch.com/disast...t-nuclear-authority-a-tax-lawyer-by-training/


ADD Scientist: Spent fuel pools are immediate concern

http://blogs.marketwatch.com/disast...ntist-spent-fuel-pools-are-immediate-concern/
 
Quote from schizo:

Wow, what a drop. I thought it would only go straight up today. Go figure.
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Hard to figure much of anything these days.

ADD No offense to any atheists here, but apparently only God knows what's up.
 
March 16, 2011, 2:29 p.m. EDT
U.S. stocks lose yearly gains on evacuation report

SAN FRANCISCO (MarketWatch) -- The major U.S. stock indexes turned negative for the year Wednesday after the U.S. government said citizens within 50 miles of Japan's Fukushima nuclear power plants evacuate or remain indoors, according to media reports. The advisory was the latest news report to spook investors worried about the mounting human and economic toll from last week's earthquake, which damanged some nuclear reactors. The Dow Jones Industrial Average (DOW:DJIA) was down 282 points, or 2.4%, at 11,574, led by 4% losses in IBM (NYSE:IBM) and General Electric (NYSE:GE) shares. It briefly turned lower for the year. The S&P 500 (CME:INDEX:SPX) was off 2.3% at 1,252, down 0.4% for the year. The Nasdaq Composite (NASDAQ:COMP) was down 2.1% at 2,610, off 1.6% for the year.
 
Okay, I know that the fundamental is driving this market but note that IHS is forming on the 30-minute chart. Breaking above 99.60 could mark a turning point.
 
take this quick $1 and run :D

S&P picked up and Baharin images got this pick in the last 15 minutes.

before that was Japan plants worry , still a threat kept mkts & oil low

Quote from schizo:

Wow, what a drop. I thought it would only go straight up today. Go figure.

Taking a small long at 97.60
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Quote from EON Kid:

Japan electric company says new power line that could solve nuclear crisis is almost ready - AP


lets hope it works
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For sure. That must be the reason for this rebound other than the overreaction move down.
 
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