Futures Plunge On New 7.4 Magnitude Earthquake, Tsunami Alert

Tyler Durden's picture

ES just took a big leg lower. It is unclear if this is due to breaking news of a new 7.4 earthquake hitting Tokyo and a subsequent Tsunami alert. Then again, there may be no reason whatsoever: this is a self-aware SkyNet after all. Follow the latest developments on NHK here.

And location of the Earthquake:

Follow the latest news on NHK:

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slow_roast's picture

BTFD in PMs.  Bullish for inflation.

jus_lite_reading's picture




Arnie Gundther said basically we're screwed!!!!!!!!!!!! BULLISH NEWS!

Drag Racer's picture

dude, TMI was dry for only 10-12 hrs and melted. These have been lowon water or dry for weeks. What did you expect. This stuff gets that hot in less than 1 day without water.

d00daa's picture

I'd wager "TEPCO KEPT THAT SECRET" is the main point of that post, not necessarily the fact that it happened.

the mad hatter's picture

Anyone else getting worried about the extremely bullish, BTFD sentiment?

justbuygold's picture

This just out !


Japanese govt raises level of earthquakes considered safe to public to level  7.5 on Richter scale.  Therefore nothing to see here.....move right along

Drag Racer's picture

This just out !

All tsunami warns and lerts are now lifted.

Though, the damaged reactors took a big shaking and everything fell back into place.

Haywood Jablowme's picture

Japanese govt raises level of earthquakes considered safe to public to level  7.5 on Richter scale.  Therefore nothing to see here.....move right along


All tsunami warns and lerts are now lifted.

Though, the damaged reactors took a big shaking and everything fell back into place.

*hand claps* Encore!


Cold Hand's picture

So, an 8 is like 10 times more powerful than a 7, and a 9 is 10 times more powerful than an 8, um...   so Japan just got hit with an aftershock that was 1/100 th of the big quake?

Anonymouse's picture

Is your point to belittle this earthquake?  1/80th I believe is that right fraction.


But for comparison, the Bay Area quake during the World Series in 1989 was a 6.9.  The Northridge quake in 1994 was a 6.7.


The 2010 Christchurch earthquake was 7.1 and the 2011 was 6.3. Granted Japan is better prepared for earthquakes than New Zealand, but California is similar. Plus, as Christchurch showed, buildings already weakened in one quake can be destroyed by a weaker one.


A 7.1 will knock you on your butt.

defn8Dog's picture

But the Fukushima schoolkids headed back to school yesterday as reported by the WSJ, which now reports most stories on the level of USA Today. 

Divided States of America's picture

Dont worry, this quake has no effect on the nuclear plants. No mention of the upcoming tsunami. Also, they make it sound like the nuclear plants never had any problems to begin with. MSM at its finest.

Robot Traders Mom's picture

And yet they evacuate the engineers at the nuclear plant, like a possible tsunami is more dangerous than the radiation they are being pounded with...

Fish Gone Bad's picture

This is probably bullish for radioactive iodine.

AccreditedEYE's picture

Larry Summers just announced this is even BETTER for their GDP.

jus_lite_reading's picture

It is! The people of the world will need a lot more KELP and Japan has shit loads of it. GDP should grow 50% this year alone.

trav7777's picture

UCB's rainwater isotope analysis is very bearish for apocalyptics.  Rad levels declining markedly across the board for days now.

malikai's picture

What's the link for that?

duo's picture

You should probably supplent your diet with Mg, Ca, K, kelp, and antioxidants for cell repair.  You do not want to absorb Cs/Strontium due to a Ca/Mg deficeincy.

Clueless Economist's picture

We need to send a few thousand Keynsian Economists to help out Japan.  Doing things like cleaning up the reactors and manning the beaches watching for radioactive tsunamis.

Just keep them away from economic decisions.

Fenlander's picture

I've done some quick, rough calculations.  It will take about 80 Keynsian economists of average human adult male size to pack the walls of the service trench of reactor number 2, slowing the rate of leakage of radioactive water into the sea.  It will take about 130 more to be ground up and inserted into the 12 inch feeder pipes to give a nearly total blockage.  Unfortunately, no permanent solution to the leakage is available, but this still represents the most useful thing you can do with 210 Keynsian economists.


On the other hand, it will take only one Bernank to change the laws of economics, mathematics, and indeed common sense.

A Man without Qualities's picture

And if it doesn't work, just keep adding more Keynesian economists, eventually it will have the desired effect....

brandy night rocks's picture

Hahaha, +a billion here, a billion there irony!

covert's picture

time to pick up a bargain before the prices get inflated again. put your capitol to work.



stirners_ghost's picture

"It's the shit-tectonics. When two shit-plates strike, and come together under incredible pressure, what happens, Bubbles?"
"What, Mr. Lahey?"

Peterpaul's picture

+1 for Trailer Park Boys reference

TheMerryPrankster's picture

Thirty Sexy days Julian, thirty sexy days...

HedgeCock's picture

I need a cheese burger Mr. Lahey.

HedgeCock's picture

I need another cheese burger Mr. Lahey.  (fixed the dupe)

brandy night rocks's picture

"There's feathers hangin' out of it.  That's made of an ol' blue jay!"

romanko's picture

I can hear the shit-winds hollowing!

ZeroPower's picture

PMs down, crude down, markets dump.

Dr. Impossible's picture

and they wanna build a superstructure in this area in the next 10yrs?....are u kidding me

the not so mighty maximiza's picture

is the tidel wave heading for Japan or California?

the not so mighty maximiza's picture

that would be some messed up crap

Sudden Debt's picture




I see bookdeals, I see movie rights, I SEE MERCHANDISING, I SEE MONEY TO BE MADE!!




jus_lite_reading's picture

Yeah well,when I see 1/3 of the oceans die, then we know the end of the world is near.

romanko's picture

correction: 3 foot Tsunami.

dukeland's picture

Even the Pacific Ocean is rejecting and throwing back the radioactive water that TEPCO dumped into it.