Futures Plunge On New 7.4 Magnitude Earthquake, Tsunami Alert

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Thu, 04/07/2011 - 10:45 | 1145117 slow_roast
slow_roast's picture

BTFD in PMs.  Bullish for inflation.

Thu, 04/07/2011 - 10:52 | 1145166 jus_lite_reading
jus_lite_reading's picture

HOLY MOSES!!!!!! REACTORS REACHED 5000 DEGREES AND TEPCO KEPT THAT SECRET!!!

130 KOREAN SCHOOLS CLOSED BECAUSE OF RADIATION!

http://fiatsfire.blogspot.com/2011/04/special-report-shows-fuel-in-3-rea...

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

Thu, 04/07/2011 - 10:57 | 1145218 Drag Racer
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.

Thu, 04/07/2011 - 11:06 | 1145275 d00daa
d00daa's picture

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

Thu, 04/07/2011 - 11:22 | 1145375 the mad hatter
the mad hatter's picture

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

Thu, 04/07/2011 - 11:26 | 1145391 justbuygold
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

Thu, 04/07/2011 - 12:01 | 1145545 Drag Racer
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.

Thu, 04/07/2011 - 12:05 | 1145561 Haywood Jablowme
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!

 

Thu, 04/07/2011 - 14:25 | 1146175 Cold Hand
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?

Thu, 04/07/2011 - 19:16 | 1147499 Anonymouse
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.

Thu, 04/07/2011 - 11:03 | 1145265 defn8Dog
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. 

Thu, 04/07/2011 - 11:07 | 1145281 Divided States ...
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.

Thu, 04/07/2011 - 11:25 | 1145387 fuu
fuu's picture

Not surprising really. how much of regular media is owned by GE and Westinghouse?

Thu, 04/07/2011 - 11:28 | 1145412 Drag Racer
Fri, 04/08/2011 - 19:47 | 1152051 fuu
Thu, 04/07/2011 - 11:26 | 1145389 Robot Traders Mom
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...

Thu, 04/07/2011 - 10:52 | 1145176 Fish Gone Bad
Fish Gone Bad's picture

This is probably bullish for radioactive iodine.

Thu, 04/07/2011 - 11:03 | 1145261 AccreditedEYE
AccreditedEYE's picture

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

Thu, 04/07/2011 - 11:13 | 1145315 jus_lite_reading
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.

Thu, 04/07/2011 - 11:26 | 1145399 duckduckMOOSE
duckduckMOOSE's picture

Mmmm....but it's radioactive Kelp.

Thu, 04/07/2011 - 12:23 | 1145625 Yield2Greatness
Yield2Greatness's picture

At no extra charge.

Thu, 04/07/2011 - 11:29 | 1145408 trav7777
trav7777's picture

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

Thu, 04/07/2011 - 11:42 | 1145475 malikai
malikai's picture

What's the link for that?

Thu, 04/07/2011 - 11:37 | 1145452 duo
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.

Thu, 04/07/2011 - 11:12 | 1145327 Clueless Economist
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.

Thu, 04/07/2011 - 11:29 | 1145405 Fenlander
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.

Thu, 04/07/2011 - 11:30 | 1145422 A Man without Q...
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....

Thu, 04/07/2011 - 11:54 | 1145528 brandy night rocks
brandy night rocks's picture

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

Thu, 04/07/2011 - 11:24 | 1145379 covert
covert's picture

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

http://covert2.wordpress.com

 

Thu, 04/07/2011 - 10:43 | 1145119 The Axe
The Axe's picture

Shit Storm

Thu, 04/07/2011 - 10:59 | 1145239 stirners_ghost
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?"
"Shit-quake."

Thu, 04/07/2011 - 11:01 | 1145251 Peterpaul
Peterpaul's picture

+1 for Trailer Park Boys reference

Thu, 04/07/2011 - 11:05 | 1145282 SilverBoy
Thu, 04/07/2011 - 11:07 | 1145295 TheMerryPrankster
TheMerryPrankster's picture

Thirty Sexy days Julian, thirty sexy days...

Thu, 04/07/2011 - 11:08 | 1145304 Global Hunter
Global Hunter's picture

Ricky!!!

Thu, 04/07/2011 - 11:57 | 1145534 brandy night rocks
brandy night rocks's picture

I AM the liquor.

Thu, 04/07/2011 - 14:00 | 1146033 HedgeCock
HedgeCock's picture

I need a cheese burger Mr. Lahey.

Thu, 04/07/2011 - 14:04 | 1146046 HedgeCock
HedgeCock's picture

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

Thu, 04/07/2011 - 18:34 | 1147324 brandy night rocks
brandy night rocks's picture

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

Thu, 04/07/2011 - 11:14 | 1145323 romanko
romanko's picture

I can hear the shit-winds hollowing!

Thu, 04/07/2011 - 10:44 | 1145120 ZeroPower
ZeroPower's picture

PMs down, crude down, markets dump.

Thu, 04/07/2011 - 10:46 | 1145127 Dr. Impossible
Dr. Impossible's picture

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

Thu, 04/07/2011 - 10:45 | 1145130 the not so migh...
the not so mighty maximiza's picture

is the tidel wave heading for Japan or California?

Thu, 04/07/2011 - 10:48 | 1145154 Mae Kadoodie
Mae Kadoodie's picture

Radioactive Tsunami?

Thu, 04/07/2011 - 10:51 | 1145184 the not so migh...
the not so mighty maximiza's picture

that would be some messed up crap

Thu, 04/07/2011 - 11:00 | 1145243 Sudden Debt
Sudden Debt's picture

INVASION OF THE RADIOACTIVE DOLPHINS!

PART DEUX!

 

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

 

 

 

Thu, 04/07/2011 - 11:00 | 1145229 serotonindumptruck
Thu, 04/07/2011 - 11:14 | 1145325 jus_lite_reading
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.

Thu, 04/07/2011 - 11:13 | 1145330 romanko
romanko's picture

correction: 3 foot Tsunami.

Thu, 04/07/2011 - 11:30 | 1145426 dukeland
dukeland's picture

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

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