sdev Posted March 15, 2011 Share Posted March 15, 2011 http://www.cmegroup.com/trading/equity-index/international-index/nikkei-225-dollar.html 8400 Link to comment Share on other sites More sharing options...
valuecfa Posted March 15, 2011 Share Posted March 15, 2011 Wow! Nikkei is now down over 20% in 3 days. This is historical on so many levels, Nikkei stock market included. Link to comment Share on other sites More sharing options...
hyten1 Posted March 15, 2011 Share Posted March 15, 2011 EWJ anyone? Link to comment Share on other sites More sharing options...
valuecfa Posted March 15, 2011 Share Posted March 15, 2011 http://www.xe.com/news/2011/03/15/1767097.htm?utm_source=RSS&utm_medium=TL&utm_content=NOGEO&utm_campaign=News_RSS_Art3 http://www.washingtonpost.com/world/official-says-slightly-elevated-radiation-levels-detected-in-tokyo-no-health-threat-so-far/2011/03/15/ABdRBFW_story.html http://www.zerohedge.com/article/tokyo-update-radiation-level-23-times-normal DJ Tokyo Metropolitan Govt: Radiation Level 23 Times Normal Amount DJ Tokyo Metropolitan Govt: No Immediate Harm To Human Health From Radiation In Central Tokyo Could you possibly imagine Tokyo being a harmful radioactive area. My God. The central government warned that radiation levels near a quake-stricken nuclear plant are now harmful to human health, following two explosions and a fire earlier in the day. The plant is 250 kilometres (155 miles) northeast of Tokyo. Link to comment Share on other sites More sharing options...
Myth465 Posted March 15, 2011 Share Posted March 15, 2011 Thats nuts and we are still having Nuclear debates. Lets face it the Japanese are the most prepared people on the planet. If they cant handle it then we are nuts to try it. This gets about 5 times worse each day it seems. As far as I can see the market drops are warranted. Today I watched a 45 minute program on Japan and the nuclear disaster. A US ship 100 miles off the coast, moved away due to high radiation levels. In this 45 minute program no one mentioned the fact that Tokyo could be affected. I think we will sell off a bit as well. This is the third largest economy in the world basically taking a huge hit. Link to comment Share on other sites More sharing options...
benhacker Posted March 15, 2011 Share Posted March 15, 2011 Radiation Level 23 Times Normal Amount Perhaps some education is in order so we all maintain our perspective on what is and isn't meaningful information. https://self-evident.org/?p=893 Ben Link to comment Share on other sites More sharing options...
valuecfa Posted March 15, 2011 Share Posted March 15, 2011 Radiation Level 23 Times Normal Amount Perhaps some education is in order so we all maintain our perspective on what is and isn't meaningful information. https://self-evident.org/?p=893 Ben I know less than nothing on the topic of nuclear radiation, but people in Tokyo are beginning to panic. http://uk.reuters.com/article/2011/03/15/japan-quake-tokyo-idUKL3E7EF0JS20110315 Meanwhile Anderson Cooper is reporting about 60 kilometers from the plant. Link to comment Share on other sites More sharing options...
Parsad Posted March 15, 2011 Share Posted March 15, 2011 They are already panicking here in Vancouver. Many pharmacies are already out of potassium iodide, because some people are afraid that radioactive particles will make their way here through the jetstream! Cheers! Link to comment Share on other sites More sharing options...
collegeinvestor Posted March 15, 2011 Share Posted March 15, 2011 Why Cheers? Link to comment Share on other sites More sharing options...
Parsad Posted March 15, 2011 Share Posted March 15, 2011 Why Cheers? Have you ever read any of my posts? Link to comment Share on other sites More sharing options...
collegeinvestor Posted March 15, 2011 Share Posted March 15, 2011 Just joshing you :P Link to comment Share on other sites More sharing options...
cofabmd Posted March 15, 2011 Share Posted March 15, 2011 http://www.wunderground.com/blog/JeffMasters/comment.html?entrynum=1763 Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 Parsad - you may not be able to answer this - I respect that - any thoughts on JNJ? It may trade towards 10x FCF soon. Even though management sucks now, their consumer products business has huge moats IMO. Just random thoughts. Link to comment Share on other sites More sharing options...
biaggio Posted March 15, 2011 Share Posted March 15, 2011 Bronco, for what it is worth (probably not very much), I get a fair value on JNJ of $65-80. Throwing that out there to stimulate conversation. Also what else do folks have on their shopping list? Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 Shopping list - Google, Msft look nice. Looking at FCX. Short candidate (puts only) - AFL I'll be buying Loews again under $40 ($16B market cap, $4B cash - come on) I may even buy BH again at $350. GLW I like now EXC may get too cheap. Love to get in ITW. ALEX and BOH - Hawaii plays if they blow out those stocks. I wanna look at TAP at $40. I have alerts set up for when stocks hit certain prices. I ain't buying until I get an alert. But these are some of my ideas. Link to comment Share on other sites More sharing options...
SharperDingaan Posted March 15, 2011 Share Posted March 15, 2011 BOJ pumped 85.5B USD (Yen equivalent) into their economy yesterday, & most see it as just the 1st round. 95% of japanese debt is funded by japanese savers, who are about to start spending those savings en masse. Where did they get the 85.5B from ? & where are they going to get the money to roll over the existing debt ? The global cost of funding just went up, & dramatically, as borrowers are about to experience crowding out. Japan drops 20% & the Dow hardly reacts at all ? Spain gets downgraded (credit crisis), Bahrain (Oil) occupied, & global diesel fuel supplies get severely restricted (Libyan oil) ? & the Dow falls only modestly ? Most would suggest its denial, & the same sort of denial that couldn't recognize that US mortgages were collapsing. We are globally linked. Why would drops in Asian markets not feed into Europe, then the US, & back into Asia ? SD Link to comment Share on other sites More sharing options...
Myth465 Posted March 15, 2011 Share Posted March 15, 2011 Hell the bottom just feel out of the US markets. Link to comment Share on other sites More sharing options...
Guest Bronco Posted March 15, 2011 Share Posted March 15, 2011 Myth - you must be a kid in a candy store. I may be getting called out of Loews - shocked I haven't. I really like scaling into some google here. I like GLW - we all saw the video. JNJ is starting to intrigue - but I only bought a little for my wife's account. AFL got smoked! PRU - down big. Still haven't looked at if FFH will make money on this or not. Link to comment Share on other sites More sharing options...
DCG Posted March 15, 2011 Share Posted March 15, 2011 How large of a region is, or may be, affected by nuclear 'meltdowns'? Nobody in the media seems to have any clue. As usual, it seems like they are just watching each other and reporting the same thing. It seems to me like only relatively a small part of Japan is currently being badly effected, aside from things like power outages, than what the media is making it out to be, but I really don't know. The media seems to be fishing for worst possible outcomes, and not most likely outcomes. Tough to find any media outlet rifht now with real useful information. In think the actual fear of the hedge fund herd is just stock market declines, and not tied to things actually happening in Japan. They're all just building on each other's reckless fear, which is good for rational buyers. Link to comment Share on other sites More sharing options...
Myth465 Posted March 15, 2011 Share Posted March 15, 2011 For me I will buy what ever gets killed un-rationally. Right now most of my stocks are down, but nothing out of the ordinary except for ALS. The oil side of things is down quite a bit but thats understandable. Whats funny is the 1 thing I do want is up. Leaps on FTR lol. I want it at a 10% yield and it was almost there but is up 1% today. DCG - I dont know. I think everyone is overreacting, but I wouldnt want to be in Toyko right now. If even 10% of what is being reported is possible or potential then .... Link to comment Share on other sites More sharing options...
zarley Posted March 15, 2011 Share Posted March 15, 2011 I think everyone is overreacting, but I wouldnt want to be in Toyko right now. If even 10% of what is being reported is possible or potential then .... This has been the most frustrating thing for me. Trying to understand what's happening, what the likely scenarios are moving forward, and how bad is bad has been very difficult. The problems at the nuclear plant have been rated a 6 out of 7 (3 mile island=5, Chernoble=7) so, this is very very serious. And, it doesn't seem like they have a full handle on the situation. I've read that a Chernoble type event is not possible because of the design of the reactors and how it's operated, but two days ago the party line was that things were under control and the situation was not likely to be worse than 3 mile island. Personally, I think it's too early to start getting excited about market prices. Seems like there's still a lot of potential downside to the situation in Japan. It's horrifying and depressing to watch. Contemplating investment opportunities under the circumstances just seems . . . wrong (for lack of a better word). Link to comment Share on other sites More sharing options...
Myth465 Posted March 15, 2011 Share Posted March 15, 2011 It's horrifying and depressing to watch. Contemplating investment opportunities under the circumstances just seems . . . wrong (for lack of a better word). I agree. I am spending alot of time thinking about this. My 2 key takeways are not investing, they are 1. Life is dominated by black swans from time to time. 2. Life is fleeting, fragile, and short. It is meant to be enjoyed. Investing is more of a watch and see, I prefer to see what is served up and then bat. Its more reactionary then ... Link to comment Share on other sites More sharing options...
beerbaron Posted March 15, 2011 Share Posted March 15, 2011 Anybody looked at uranium producers? To me, the situation is similar with Deep Horizon, Uranium producers play an essential part of society. It's not like countries will decomission all their nuclear plants already working. Heck, I don't see how anybody could close down one nuclear plant. It looks like a good idea today but 1 year from now nobody will care. My guess on how it will turn is 6 months from now, the nuclear IAEA will publish it's recommendations for safer nuclear plants. And these recommendations will be implemented in the next 3 years all around the globe. BeerBaron Link to comment Share on other sites More sharing options...
zarley Posted March 15, 2011 Share Posted March 15, 2011 I agree. I am spending alot of time thinking about this. My 2 key takeways are not investing, they are 1. Life is dominated by black swans from time to time. 2. Life is fleeting, fragile, and short. It is meant to be enjoyed. Living in Southern California, the earthquake/tsunami component of recent events has me re-evaluating my worst case scenarios. Link to comment Share on other sites More sharing options...
rmitz Posted March 15, 2011 Share Posted March 15, 2011 I am actually thinking that this might be the shock that ends the Japanese Malaise. Rebuilding--if anyone can do that, and do it quickly, it's the Japanese. It could be a massive economic injection. Even the currency depreciation from their monetary printing would probably be a good thing--their currency has been recently been high anyway. It is a testament to the Japanese preparation and engineering that a seismic event of this magnitude has been dealt with this well, though there are always some mistakes. Any loss of life is tragic, but life will continue. Link to comment Share on other sites More sharing options...
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