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Nikkei Flash Crash - Futures Plummet 16% As All Hell Breaks Loose In Japan

Tyler Durden's picture





 

All hell is currently breaking loose following an explosion at reactor #2 and a another hydrogen explosion at reactor #4 per Kyodo, leading to a 16% drop in Nikkei futures as blind panic grips Japan. Kyodo essentially confirms there was a reactor meltdown as radiation levels at Fukushima 3 are now 400 times legal levels. And topping it all Japan's warning that all people within 30 kilometers from Fukushima should stay indoors and that the radioactive winds may reach Tokyo in as little as 8-10 hours. The BOJ has just intervened to prevent the yen from surging, as the following chart shows. Our prayers are with the people of Japan.

Tepco was down 24%, or 500 points, before a circuit breaker was invoked.

We hope our Japanese readers took our advice earlier to evacuate. If not, this is the area that needs to be vacated right now.

The absolutely worst news: NHK saying radiation up to 400mSv at Reactor #3, 100mSv at Reactor #1...That's milli... not micro, or 250 times the maximum reported prior number. Alas, we believe this means the cores have melted.

 


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Mon, 03/14/2011 - 23:02 | Link to Comment silvertrain
silvertrain's picture

 Capitulation...

Mon, 03/14/2011 - 23:18 | Link to Comment scythian empire
scythian empire's picture

so you're buying?

Mon, 03/14/2011 - 23:27 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

Maybe Ravi Batra was finally right.  20 years too early, but the catastrophe in Japan appears to be correct.

For those who want to bone up on Batra's predictions: http://www.amazon.com/Great-Depression-1990-Ravi-Batra/dp/0440201683

Tue, 03/15/2011 - 00:03 | Link to Comment B9K9
B9K9's picture

I recently finished re-reading the Dickens classic, The Old Curiosity Shop. If space monkeys recall, the elderly grandfather was gambling with borrowed money in a last ditch attempt towards generating endowment funds for his grand-daugher.

In many ways, Bernanke is like the grandfather. He knew back in 2008 that he had at most 2-3 years to pimp expectations. That's really all the time he had while waiting for some technological breakthrough or global cultural movement (mania) to get morts once again signing debt peonage papers.

But, like all classic Dickensian characters, time runs out - in truth, the odds were always against them. So now here it comes, all the bad news/events which have been suppressed & have built up pressure are ready to blow.

When this is over sometime in the distant future, the 2007-2011 period will seem like the dreamlike pre-WWI Belle Époque.

Tue, 03/15/2011 - 00:26 | Link to Comment Michael
Michael's picture

The mood completely change when reactor 2 blew up and results came in. Sounds like they are beginning to try to tell the truth on TV. You can hear it in their voice, as if it is getting more and more difficult for them to lie.

Before the collapse of the USA and world economies builds up to final detonation, let me make it perfectly clear before they blame it on the Japanese earthquake and nuclear disasters.

The USA would have had no problem dealing with this tragedy if we were not 14 trillion dollars in debt and had not huge unfunded liabilities on every level!

As I said before, the huge national debt of the US is a direct threat to our national security and now that threat is going to be played out.

End the Fucking Federal Reserve Corporation as soon as possible!

Tue, 03/15/2011 - 00:52 | Link to Comment Xkwisetly Paneful
Xkwisetly Paneful's picture

Cannot wait for Jones' take on all of this.

Who was behind it, certainly not a "natural" disaster that is so cliche in your world?

 

Maybe the Zionistas again or those evil banksters?

 

 

Tue, 03/15/2011 - 00:53 | Link to Comment Ident 7777 economy
Ident 7777 economy's picture

More disinfo (not ALL of it; you have to have some 'truth' in 'it')?

Which 'branch' did you say you were from (who pays you)?

Tue, 03/15/2011 - 01:53 | Link to Comment Michael
Michael's picture

Resistance is futile.

Tue, 03/15/2011 - 03:58 | Link to Comment Confused
Confused's picture

The "who pays you" line is becoming the de facto way to try and discredit someone with differing view points. 

 

Which is amusing coming from someone who has only been here for 3 weeks. 

Tue, 03/15/2011 - 04:41 | Link to Comment Xkwisetly Paneful
Xkwisetly Paneful's picture

As if tenure and credibility go hand in hand, this is not a public union. THe cyber blow jobs from fellow moronista conspiracy doomsday self loathing neo marxists and/or anarchists are big street cred around here though.

 

The scary thing is the lack of realization how not novel any of it is. How the same was shouted from the rooftops of the time in both the 70's and 80's to no avail nor doomsday.

But it makes for entertaining delusional paranoia at it's finest.

Tue, 03/15/2011 - 05:41 | Link to Comment Confused
Confused's picture

I am merely pointing out that ad hominem attacks are becoming the default method of countering differing opinions.

 

Of course, tenure and credibility do not go hand in hand. But it IS amusing given the context of the accusation. 

 

Tue, 03/15/2011 - 07:15 | Link to Comment DaBernank
DaBernank's picture

ad-hominem, shmad-hominem...BTFD!

Tue, 03/15/2011 - 07:25 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Here's another one with deep normalcy bias. He'll get it eventually, or not.

Tue, 03/15/2011 - 07:11 | Link to Comment Blano
Blano's picture

Since I've been here longer than 3 weeks, blow it out your ass.

Tue, 03/15/2011 - 07:27 | Link to Comment Confused
Confused's picture

 I'll take it under advisement. 

Tue, 03/15/2011 - 02:41 | Link to Comment Michael
Michael's picture

Welcome to a vision of your future;

ALERT: Patriot Raided by SWAT Under Patriot Act

http://www.youtube.com/watch?v=foG-J2Tdg9o

 

Tue, 03/15/2011 - 05:03 | Link to Comment Al89
Al89's picture

Predicting a catastrophe of some kind in a country with as many tectonic plates intersecting underneath/near it as Japan.

High-5 Ravi Batra, who would have thought it possible.

Tue, 03/15/2011 - 06:14 | Link to Comment Crummy
Crummy's picture

The way they built all of their sky scrapers to resist a major earthquake, they had to have consulted an astrologist or a psychic of some kind, right?

 

Aliens told them how...

Mon, 03/14/2011 - 23:29 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Is the Nikkei even trading today?  Article above said futures -16%.

Another nice thing about ZH, I can ask questions like the above and get a good response from the smart gene pool of people here...

If it is just futures trading (like on tomorrow's open, whatever), there is plenty of time for the EE and PPT to step in.

Mon, 03/14/2011 - 23:50 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Cash markets are all trading - look at Hang Seng down 800+, Taiwan down 300 last I looked

http://finance.yahoo.com/intlindices?e=asia

Japan always shuts down at 10:28 for awhile - its gonna shit the bed when it reopens because they say Reactor #4 is on fire now and there is in all likelihood a leak in the #2 container vessel

Mon, 03/14/2011 - 23:51 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Japan just reopened - down 800

India just opened down 400 out of the gate

U.S. futures down 210+

http://www.bloomberg.com/markets/stocks/futures/down

Tue, 03/15/2011 - 00:15 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Fucking Japan's down 1200+  do they have circuit breakers that will shut them down?

Tue, 03/15/2011 - 00:20 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

Thanks aint!  More proof that ZH is THE place to observe events...

My third home...

Tue, 03/15/2011 - 00:22 | Link to Comment aint no fortuna...
aint no fortunate son's picture

This is becoming a monster liquidity sucking machine

Tue, 03/15/2011 - 00:33 | Link to Comment aint no fortuna...
aint no fortunate son's picture

As incredible as down 1370 is in Japan, Hang Sen down 900 and Taiwan down 435 say the meltdown of the 3rd largest economy in the whole world is gonna set off a chain reaction of selling as the entire linkage/corellation meme works just as hard on the downside as on the upside.

Oil's getting whacked despite continued fears about Bahrain and the rest of the ME.

So fuck you bernank you motherfucker - inflate your way out of this shit. You notice what the EURUSD's doing tonight you middle class murdering POS??

http://forex.tradingcharts.com/chart/Euro_US%20Dollar.html

Tue, 03/15/2011 - 00:59 | Link to Comment aint no fortuna...
aint no fortunate son's picture

Watch this EURUSD chart tomorrow a.m. I will bet you the Euro spikes at exactly 3:30 +/- 15 minutes eastern time to over 1.40 on a massive dollar selling spree by the bernank. He'll be buying EURO's hand over fist.

http://forex.tradingcharts.com/chart/Euro_US%20Dollar.html

Dow futures down 275 tonight will be flat by 8:30 a.m. eastern premarket when he gets done with his manipulation.

Anyone care to place a wager?

Tue, 03/15/2011 - 01:05 | Link to Comment mophead
mophead's picture

Hear hear, y'all. It has been predicted, the markets will crash once again. Once we take out 1220 SPX, then 1180, it's a done deal. I'm not 100% convinced, but the prediction is playing out nicely (or badly). Though expect a bounce from 1180 to around 1220, then vroom, straight down to 750-800 SPX (taking out 1050 like a hot knife through butter). If that happens, we WILL see DOW 6000 for sure. Though possibly 5000-3000. The source says, paraphrasing, "you will not care about the stock market when it crashes".

Tue, 03/15/2011 - 00:05 | Link to Comment Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

If the containment vessels are fried, its a gonner, as in meltdown

Tue, 03/15/2011 - 04:07 | Link to Comment zhandax
zhandax's picture

Let's hope they can still pump salt water.

Tue, 03/15/2011 - 00:02 | Link to Comment TemporalFlashback
TemporalFlashback's picture

The headline above is referencing the Nikkei 225 Futures. Said contract trades nearly 24hr/day with a daily 30min break; however, as the other replies correctly point out, the markets are open, and I think there is about 1.5hrs left in todays post-lunch session (could be wrong).

Mon, 03/14/2011 - 23:30 | Link to Comment silvertrain
silvertrain's picture

 No, but I would recommend Lumber futures...Or wait for the market in Cairo to reopen when ever that is..

Mon, 03/14/2011 - 23:42 | Link to Comment prophet
prophet's picture

Will nibble at DFJ at 30

Mon, 03/14/2011 - 23:34 | Link to Comment Korg
Korg's picture

More likely the birth of a new Japan. This apocalypse should finally get the japanese in gear to have a revolution in their arthritic govt. Yeah it's gonna be hell for awhile but they might turn lemons into lemonade. Compare the character of the Japanese during this to us Americans during katrina.....night and day. And yet, the USA is going to go through their own apocalypse soon so just think what will happen...katrina times 1000...make the civil war look tame.

Mon, 03/14/2011 - 23:37 | Link to Comment Missing_Link
Missing_Link's picture

I agree.

We are far more deserving of this kind of catastrophe than the Japanese.

Mon, 03/14/2011 - 23:50 | Link to Comment Bananamerican
Bananamerican's picture

ML

Deservin's got nothing to do with it.”

Mon, 03/14/2011 - 23:54 | Link to Comment Boilermaker
Boilermaker's picture

Quite possibly the most douche bag piece-of-shit comment in history.

Tue, 03/15/2011 - 00:04 | Link to Comment MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

What banana and boiler said...

Tue, 03/15/2011 - 08:49 | Link to Comment SteveNYC
SteveNYC's picture

There is no "deserve" or "not deserve", none. Nature/the universe does not discriminate, it just "is". Given the level of brainwashing, distraction, and general lack of any real consciousness in today's world, events like this are a powerful reminder that we live on a deminimus sized rock, circling a relatively massive but ultimately equally deminimus-sized star, amidst that which is empty and infinite. We can choose to bury our heads in the sand, or embrace our impermance and free ourselves.

My heart goes out to the Japanese and the ex-pats in Japan. I believe Japanese society and cohesion will overcome this series of events.

Tue, 03/15/2011 - 00:24 | Link to Comment Michael
Michael's picture

deleted

Tue, 03/15/2011 - 00:25 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ $1400

Or would that be + $1390 now?  $1380?

Tue, 03/15/2011 - 00:26 | Link to Comment Michael
Michael's picture

Thanks, I moved the comment up for maximum consumption.

Mon, 03/14/2011 - 23:43 | Link to Comment Korg
Korg's picture

Nikkei just dropped over 400pts in 30min. Its on like Donkey Kong.

Mon, 03/14/2011 - 23:44 | Link to Comment Korg
Korg's picture

I mean futures hell! the index might go below 16% today!

Tue, 03/15/2011 - 03:22 | Link to Comment Hacksaw
Hacksaw's picture

BTFD

Tue, 03/15/2011 - 06:41 | Link to Comment sushi
sushi's picture
  1. 1000: A Japanese nuclear safety official has confirmed reports that the water inside the waste fuel storage pool for the number 4 Fukushima reactor may be boiling, AP reports. Hidehiko Nishiyama refused to comment on the potential risks from the rising temperatures caused by a failure of cooling systems and said the plant's operator was considering what to do about the problem.
  2. 0935: Japan's nuclear safety agency has said there are two holes of 8 sq m (86 sq feet) in a wall of the outer building of the number 4 reactor after an explosion there, Reuters reports.

-=-

http://www.bbc.co.uk/news/world-middle-east-12307698

 

Unit 4 is the one that had a reported fire in the SFP. This is the first known report of that unit also having suffered an explosion.

If the water in the SFP is now boiling then it will eventually evaporate the full 40 ft x 40 ft x 20 ft SFP, the fuel bundles will be exposed to the atmosphere and H2 will be liberated as the cladding oxidizes and the result will be either a fire or an explosion.

 

Mon, 03/14/2011 - 23:03 | Link to Comment bugs_
bugs_'s picture

don't buy till it goes sky high

Mon, 03/14/2011 - 23:04 | Link to Comment SignsAndWonders
SignsAndWonders's picture

Started to post something snarky, but stopped half way.  My heart goes out to Japan.  This is surreal.

Mon, 03/14/2011 - 23:06 | Link to Comment whatsinaname
whatsinaname's picture

Just for once, I am not going to enjoy being short even though I have had my brains warped by the 2 year bull run !!

 

Mon, 03/14/2011 - 23:11 | Link to Comment John Law Lives
John Law Lives's picture

Don't forget the $2.7 Trillion in federal deficit spending in FY2009 and FY2010 and untold trillions of US dollars being created by The Fed that came with that "2 year bull run".  The market may (or may not) run out of steam this year, but we have a projected $1.65 Trillion budget deficit for FY2011 coming.  All in all, I'd say it was a bad deal.  Far more people are hurting from inflation than those who gained from the stock market rise.

Mon, 03/14/2011 - 23:16 | Link to Comment rocker
rocker's picture

I think the real Black Swan has just blown in.  I told Robo I am short the KBE. Also short eight different triple ETFs. If this is not the time. It will never be. 

Mon, 03/14/2011 - 23:29 | Link to Comment Fish Gone Bad
Fish Gone Bad's picture

This looks like the time.  I am thinking that even our Federal Reserve can't buy the world.  Good luck with your shorts.

Tue, 03/15/2011 - 04:30 | Link to Comment Tapeworm
Tapeworm's picture

The first Black Swan was the vendor in Tunisia that immolated himself because the goomint hacks wouldn't allow himself to work or even take care of his family.

This wreck is just a pyramiding of yet more hack work and corruption of governments. TEPCO had all of the pols lined up to license a string of nukes on the beach in the land that gave us the word, "tsunami". The underlings of the Japan Defense Force are doing whatever they can to mitigate some of the decisions of the sake partiers of forty years ago. I wonder just how much damage the overarching political racketeers of Japan have sustained with their lying incompetence that is now as naked as the fuel cores on the reactors.

Mon, 03/14/2011 - 23:06 | Link to Comment silvertrain
silvertrain's picture

+1  I caught myself also..No Joke right now..

Mon, 03/14/2011 - 23:18 | Link to Comment 43 Steelie
43 Steelie's picture

Fully agree. Not a time to be snarky at all.

But what I'm not looking forward to is this black swan being blamed for the fallout that is going to finally occur in US markets. 

You know the next FOMC minutes will have the word "Japan" in them at least 3 or 4 times.

 

Mon, 03/14/2011 - 23:30 | Link to Comment Lazarus Long
Lazarus Long's picture

me too can't sleep on the verge off tears

Mon, 03/14/2011 - 23:33 | Link to Comment whatsinaname
whatsinaname's picture

SHTF when reporter on NHK uses words - "its really scary"

Mon, 03/14/2011 - 23:42 | Link to Comment sodbuster
sodbuster's picture

I was thinking of those brave men working at those reactors- in all reality, they are probably making the ultimate sacrifice to put the nuclear genie back in the bottle. They are everyday heroes.

Mon, 03/14/2011 - 23:56 | Link to Comment Founders Keeper
Founders Keeper's picture

Agreed.

 

Tue, 03/15/2011 - 00:52 | Link to Comment Pool Shark
Pool Shark's picture

True heroes...

Tue, 03/15/2011 - 00:52 | Link to Comment Dirt Rat
Dirt Rat's picture

It's the same attitude that produced the kamikazes, who were willing to die for honor and country. The Japanese are some of the most awesome people on earth, I think. I would rather have them as my friends than have them as my enemies. My heart goes out to them.

Tue, 03/15/2011 - 03:05 | Link to Comment JoeSexPack
JoeSexPack's picture

Samurai spirit is keeping them going, when they know both the cause & their lives are lost.

Noble.

Mon, 03/14/2011 - 23:05 | Link to Comment John Law Lives
John Law Lives's picture

Wow.  This is a nightmare scenario.

I wonder if The Ben Bernank will start pumping S&P futures?

Mon, 03/14/2011 - 23:07 | Link to Comment HamyWanger
HamyWanger's picture

It has already begun. 

Nikkei futures : -12.09%

DOW futures : -1.45% 

Nearly a factor 10, which is of course ridiculous, but this is what happens when a market is entirely controlled by the PDs. 

Mon, 03/14/2011 - 23:19 | Link to Comment MsCreant
MsCreant's picture

No ham in your sandwich. Peace Bro.

Mon, 03/14/2011 - 23:44 | Link to Comment disabledvet
disabledvet's picture

that ain't nothin BUT ham....and cheeeese....:)

Tue, 03/15/2011 - 00:52 | Link to Comment MsCreant
MsCreant's picture

Am I allowed to cry and laugh at that?

Mon, 03/14/2011 - 23:04 | Link to Comment Zeilschip
Zeilschip's picture

Reactor 4 fire apparently put out now..

Mon, 03/14/2011 - 23:17 | Link to Comment sushi
sushi's picture

But the radiation reaches Tokyo.

  1. 0306: Winds over the stricken nuclear plant are blowing slowly towards the Kanto region, which includes Tokyo, Reuters reports.
Tue, 03/15/2011 - 00:14 | Link to Comment sushi
sushi's picture

A French Embassy statement warned radiation could reach Tokyo within 10 hours.

That would be about the time of the NY open.

Mon, 03/14/2011 - 23:31 | Link to Comment Lazarus Long
Lazarus Long's picture

yes i flagged you way out of line

Mon, 03/14/2011 - 23:36 | Link to Comment Korg
Korg's picture

12/7/1941 was way outta line....

Mon, 03/14/2011 - 23:41 | Link to Comment CPL
CPL's picture

So was 1492, the year that sea pirates showed up and raped the real Americans.

 

How's that for pithy you dumbfuck hipster piece of shit.  Get your man purse, your horn rim granny glasses and that fag scarf and hit brix bitch.

Tue, 03/15/2011 - 00:44 | Link to Comment redguard
redguard's picture

YEOWCHHHH!!!

Tue, 03/15/2011 - 07:25 | Link to Comment Judge Judy Scheinlok
Judge Judy Scheinlok's picture

"How's that for pithy you dumbfuck hipster piece of shit. Get your man purse, your horn rim granny glasses and that fag scarf and hit brix bitch."

Lolz. Impressive.

Tue, 03/15/2011 - 12:40 | Link to Comment Cachao
Cachao's picture

by "real Americans", you mean the tribes that migrated to America from Asia?

Mon, 03/14/2011 - 23:43 | Link to Comment silvertrain
silvertrain's picture

 They warned us that they were comming..

Mon, 03/14/2011 - 23:53 | Link to Comment BigJim
BigJim's picture

12/7/1941 was way outta line....

70 years not long enough for you, fuckwit?

Tue, 03/15/2011 - 00:38 | Link to Comment Michael
Michael's picture

Korg, you are my actual first junk asshole.

Tue, 03/15/2011 - 02:10 | Link to Comment dogbreath
dogbreath's picture

Korg

you fuck ass.  on a site respected for its intelligence, argueably most of the time, that has to be the dumbest post I have ever read here.  You are now the dumbest fuckass poster to have ever posted on ZH.

 

I am dogbreath

Tue, 03/15/2011 - 02:17 | Link to Comment reader2010
reader2010's picture

don't you know that 12/7/1941 event was engineered by the elite? go read the real history.

Tue, 03/15/2011 - 04:20 | Link to Comment Confused
Confused's picture

This comment is way out of line. 

Mon, 03/14/2011 - 23:49 | Link to Comment Korg
Korg's picture

Oh YEAH....you think the JPM and Goldmanites aren't buying japan on the cheap right now!!! Get real, they invented this crap. Have their Media hype the living shit outta this now....and then next week nothing.

Tue, 03/15/2011 - 01:15 | Link to Comment barkster
barkster's picture

or were they short beforehand and just waiting to cover shorts at some point?

Tue, 03/15/2011 - 03:56 | Link to Comment James
James's picture

This site thinks of JPM and GOLDMAN in the same vein we think of you Korg

Tue, 03/15/2011 - 00:02 | Link to Comment Blues Traveler
Blues Traveler's picture

I dont have time to write a short succinct reply, so fuck you.

Mon, 03/14/2011 - 23:05 | Link to Comment HamyWanger
HamyWanger's picture

I wouldn't worry about it. It's probably a display error. 

Mon, 03/14/2011 - 23:30 | Link to Comment Trimmed Hedge
Trimmed Hedge's picture

Damn you, Waddell & Reed!!

Mon, 03/14/2011 - 23:08 | Link to Comment Boilermaker
Boilermaker's picture

This is some serious Jurassic Park level fucked up shit!

No kidding, this is way way way worse than anyone could have dreamed up.

Mon, 03/14/2011 - 23:27 | Link to Comment Mad Max
Mad Max's picture

I envy your extremely inactive imagination.

Mon, 03/14/2011 - 23:50 | Link to Comment Boilermaker
Boilermaker's picture

I'm sure you do.

Mon, 03/14/2011 - 23:49 | Link to Comment farragut
farragut's picture

Sheepishly admitting I LOL'd at your pithy reply.

In all seriousness, my deepest sympathies to the Nipponese people.

Mon, 03/14/2011 - 23:06 | Link to Comment silvertrain
silvertrain's picture

 Absolutely horrible...Prayers to all Japan..

 

Mon, 03/14/2011 - 23:05 | Link to Comment Douglasnew
Douglasnew's picture

The human and environmental toll is tragic. In the end, it's not about the Nikkei, The Dow or the price of Gold. That said, it may soon become once again, about the price of Oil.

Tue, 03/15/2011 - 00:02 | Link to Comment Bananamerican
Bananamerican's picture

this Turning seems to be about the Bankers and Mother Nature...caught between the Devils and the deep blue sea

Mon, 03/14/2011 - 23:06 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Holy sh*t! The robots have gone mad!!!! It is time to unplug the Terminators.

Mon, 03/14/2011 - 23:06 | Link to Comment John Law Lives
Mon, 03/14/2011 - 23:14 | Link to Comment duo
duo's picture

Wouldn't they close the Nikkei so everyone can GTFO of Tokyo?

Mon, 03/14/2011 - 23:20 | Link to Comment John Law Lives
John Law Lives's picture

If the winds are blowing towards Tokyo, you would think they would evacuate.

The government is really going to have a hard time restoring any sense of credibility if this is as bad as it sounds.

Mon, 03/14/2011 - 23:31 | Link to Comment Monetary Lapse ...
Monetary Lapse of Reason's picture

You beat me to the punch.... having been to Tokyo many times... um... there is no way.  

Mon, 03/14/2011 - 23:24 | Link to Comment Dr. Porkchop
Dr. Porkchop's picture

There's 13 million in tokyo... It cant be done

Tue, 03/15/2011 - 00:39 | Link to Comment steve2241
Mon, 03/14/2011 - 23:24 | Link to Comment scythian empire
scythian empire's picture

Wait till the full impact from the zone makes its way over to China.  This is going to tank the whole region.  Empty out your emerging market fund, friend-O.

Mon, 03/14/2011 - 23:44 | Link to Comment duo
duo's picture

As the low pressure spins up north of Japan, winds will be strong out to sea for a couple of days.  Good for China, Hawaii, not so much.

Tue, 03/15/2011 - 08:18 | Link to Comment sethstorm
sethstorm's picture

Let it tank China.

Perhaps they can eat some humble pie.

Mon, 03/14/2011 - 23:07 | Link to Comment bankonzhongguo
bankonzhongguo's picture

Here is a little something something.

Take it with a grain of salt, er iodide.

http://www.abovetopsecret.com/forum/thread674027/pg1

Mon, 03/14/2011 - 23:54 | Link to Comment Dantzler
Dantzler's picture

Or a 55 lb. sack of rock salt -- I call BS!

from UW (Seattle) Atmos Sci Dept.

http://cliffmass.blogspot.com/2011/03/us-west-coast-is-not-at-risk.html

Science, not sensationalism!

That said, my heart goes out to the people of Japan.

Mon, 03/14/2011 - 23:07 | Link to Comment Korg
Korg's picture

On a serious note...this has gotta be the goddamn biggest black swan ever! Japan is basically gonna go offline for awhile, not good. How's the derivative market gonna handle this?? We are fucked. This is the start of a chain of VERY bad events and that's without the ME going batshit! This is it....

Mon, 03/14/2011 - 23:10 | Link to Comment Boilermaker
Boilermaker's picture

How about insurance and re-insurance...

Give me a break, this is mega-fucked.

CDS contracts on Japan?  Domino effect>>>WTF?

Mon, 03/14/2011 - 23:12 | Link to Comment HamyWanger
HamyWanger's picture

I wouldn't worry about it. The BoJ and the FED will continue to monetize the losses, and it will be like nothing happened. 

Mon, 03/14/2011 - 23:20 | Link to Comment Glass Steagall
Glass Steagall's picture

What choice do they have..

Mon, 03/14/2011 - 23:25 | Link to Comment Korg
Korg's picture

the fed can't monetize 3 Goddamm Nukler Reactors Blowing up!!!!!!

Mon, 03/14/2011 - 23:32 | Link to Comment RockyRacoon
RockyRacoon's picture

Looks as if 5 or so huge financial firms can do about the same damage to an economy, so, why not?

Tue, 03/15/2011 - 00:41 | Link to Comment CrazyCooter
CrazyCooter's picture

Um, tarp was 700B, over four times the total estimated damage to Japan so far (tsunami related) ... well that was before these reactors started really going downhill.

COoter

Mon, 03/14/2011 - 23:31 | Link to Comment RockyRacoon
RockyRacoon's picture

Choice:  Don't.

Mon, 03/14/2011 - 23:29 | Link to Comment Fearless Rick
Fearless Rick's picture

Seriously, Hamy, just exactly when was your lobotomy?

Mon, 03/14/2011 - 23:23 | Link to Comment Bay of Pigs
Bay of Pigs's picture

You'd think the Bernank/PPT has finally met its match with this horrific looking scenario. 

This shit is off the hook crazy...

Mon, 03/14/2011 - 23:35 | Link to Comment Zero Govt
Zero Govt's picture

let me repeat Gentlemen....

...the Fed cannot even reflate the mortgages and MBS's on its own balance sheet. There is zero chance anyone including the Bank of Japan can keep stock prices inflated.

Why? Because an assets/stocks price takes a buyer and a seller. The Fed and BoJ can buy as many assets as these dimwits like, but nobody is going to buy them. Nobody wants to catch a falling knife. That's why the Fed, PPT, ECB and BoJ cannot 'support' falling asset prices (the BoJ have been trying, and failing, for 20 years). The BoJ's $200bn is going straight down the toilet.

Are we crystal clear?

Mon, 03/14/2011 - 23:45 | Link to Comment CPL
CPL's picture

It's called fighting large numbers like infinity.

Mon, 03/14/2011 - 23:47 | Link to Comment disabledvet
disabledvet's picture

only junked by one?  must have been Kudlow...

Mon, 03/14/2011 - 23:31 | Link to Comment John Law Lives
John Law Lives's picture

The Ben Bernank made things worse in the world with all his money printing.  He helped force the cost of living higher for people all over the world, and now the world's 3rd largest national economy will be somewhat paralyzed by this ongoing disaster.  Some of the root problems that led to the riots in MENA (e.g. surging food costs etc.) did not go away, and printing more $$$ will only make things worse.

Tue, 03/15/2011 - 06:41 | Link to Comment Zero Govt
Zero Govt's picture

CORRECTION : the BoJ are pumping $80bn in to 'support' stocks etc, not $200bn as i mentioned above.

Nikkei down -6% yesterday, -10% today... how is the BoJ's $80bn 'support' doing? Very predictably, absolute crap. Because no private buyer is going to 'support' (buy) falling asset prices at the price BoJ would like to see supported.

This is what the retards of the public sector do not understand. You cannot 'support' prices because you still need a buyer, from the BoJ, to buy at an agreed price. Nobody is going to buy stocks at the BoJ's fantasy price nor buy the Feds crumbling MBS's or mortgages at what they value them on their balance sheet.

So the BoJ are compounding one dumb decision to support falling stock prices on top of 2 already dumb Japanese Govt decisions, to build extortionately expensive nuclear stations and to site them on a coastal region in the 'flight path' of a known high risk tsunami zone.

So the BoJ are pissing another $80bn down the toilet on top of the ongoing extra costs of expensive nuclear power for the past 40 years, on top of another dumb decision to site the plants on the coast! The estimated cost of these serial Govt fuk-ups is $1 Trillion and the BoJ are throwing another $80bn down the toilet as well. Genius!

The dumb (of Govt) just get dumber

Mon, 03/14/2011 - 23:38 | Link to Comment Unlawful Justice
Unlawful Justice's picture

Chain reaction.  Everything is connected.

http://www.youtube.com/watch?v=GPfI9oxZuEo&feature=related

Tue, 03/15/2011 - 00:57 | Link to Comment Attitude_Check
Attitude_Check's picture

How much has the asset values of Japanese banks just dumped - into the ocean?  Can't help but go bust, which will ripple around the world.  As bad as the economic impact of this could be internationally, it pales in comparison to what the people of Japan are going through. Economic disaster is not even 2nd on their list of concerns I suspect.

As bad as this this may be for the rest of the world -- MAYBE some small bit of good can come from it, if this finally crashes the destructive Ponzi-speculatin' banks and their CB enablers.  A new world economic reset COULD be a good thing (although painful)

Tue, 03/15/2011 - 03:39 | Link to Comment They_Live
They_Live's picture

Swanzilla. Have told my brother it's time to get out of Tokyo and come home.

Mon, 03/14/2011 - 23:10 | Link to Comment Mae Kadoodie
Mae Kadoodie's picture

Incredible.  You think you've seen it all.

Mon, 03/14/2011 - 23:09 | Link to Comment sbenard
sbenard's picture

Wow, check out the Yen!

And stocks are in major meltdown mode -- and I'm not talking about nuclear energy, either!

Mon, 03/14/2011 - 23:44 | Link to Comment M2Market
M2Market's picture

May the grace of God pull Japan out of this one.... The scariest thing is nobody can tell what the real fallout of this one is going to be.  Does anyone know if these yen interventions are sterilized or not?  A sudden liquidity vacuum can send the BTFD crowd scrambling for exits.  No amount of money printing can print away the radioactive fumes that hovers over one of the largest financial center of the world.  Oh God please don't let it get out of hand.... 

Tue, 03/15/2011 - 00:21 | Link to Comment Al Gorerhythm
Al Gorerhythm's picture

Pascal's Wager, anyone?

Any one want to talk to God about now?

Yes? You there at the back. Come on up on the stage.

Now, what's your name son?

"Ben Bernanke".

 

Mon, 03/14/2011 - 23:09 | Link to Comment randocalrissian
randocalrissian's picture

And then you realize there's no POMO on the Ides of March.  Enjoy.

Mon, 03/14/2011 - 23:14 | Link to Comment Misean
Misean's picture

The Bernanke isn't appearing before the Senate tomorrow, is he?

Mon, 03/14/2011 - 23:31 | Link to Comment franzpick
franzpick's picture

I'm sure he has many times appeared for surrepticiously "planned" congressional events, that were probably organized the night before, under emergency circumstances, as lipstick-the-pig pep talks, and if he shows up tomorrow for some (previously unannounced) 'Spring Equinoctial Finance Lecture', I won't be surprised.

Mon, 03/14/2011 - 23:35 | Link to Comment ziggy59
ziggy59's picture

 

bernank is meeting his fellow cling-ons tuesday

http://finance.yahoo.com/news/Fed-to-meet-at-a-time-of-apf-837536991.htm...

Mon, 03/14/2011 - 23:15 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Well............because they're making shit up on the fly, along with the rules, they could always pull a rabbit out of their hat and produce a super duper extra large with a cherry on top emergency POMO tomorrow.

He who has the Gold power makes the rules.

Mon, 03/14/2011 - 23:24 | Link to Comment trav7777
trav7777's picture

I agree...intervention risk is higher than the radiation levels at bldg #2 right now.

If the US market tanks like the N225, expect basically global financial meltdown part 2.

i am honestly surprised that the JCB has not started buying the N225

Mon, 03/14/2011 - 23:29 | Link to Comment Fearless Rick
Fearless Rick's picture

But there's no cause for concern, now is there, Trav?

You're nothing but a fucking cunt with a beard.

Mon, 03/14/2011 - 23:38 | Link to Comment InconvenientCou...
InconvenientCounterParty's picture

cause their either glued to NHK or gone

Mon, 03/14/2011 - 23:51 | Link to Comment disabledvet
disabledvet's picture

wow.  u two in agreement.  crisis indeed.

Mon, 03/14/2011 - 23:51 | Link to Comment nonclaim
nonclaim's picture

And dollar swap lines for all.

Mon, 03/14/2011 - 23:13 | Link to Comment BigJim
BigJim's picture

You're worried about your financial future?

Mon, 03/14/2011 - 23:29 | Link to Comment Mad Max
Mad Max's picture

Did someone give every naive day-trader at Seeking Beta errr I mean "Seeking Alpha" a free pass to post here on ZH?

Mon, 03/14/2011 - 23:30 | Link to Comment Dan Watie
Dan Watie's picture

Did you wander here from CNBC?

Mon, 03/14/2011 - 23:44 | Link to Comment Cognitive Dissonance
Cognitive Dissonance's picture

Sometimes the ZH black hole gravitational force is irresistible to passers by.

Unfortunately the feet arrive well before the brain. I call it ZH string theory, conspiracy division.

Mon, 03/14/2011 - 23:56 | Link to Comment farragut
farragut's picture

gotta be Larry Kudlow in disguise....

Tue, 03/15/2011 - 00:45 | Link to Comment LudwigVon
LudwigVon's picture

at least his favorite president was Coolidge

Mon, 03/14/2011 - 23:53 | Link to Comment disabledvet
disabledvet's picture

actually and...strangely actually because i hate money...i am cash flow positive and remain bullish.  i don't know what else to say other than..."it is true."...."everything."

Tue, 03/15/2011 - 00:36 | Link to Comment chindit13
chindit13's picture

Please put a full tablespoon of wasabi in your mouth, then wrap your face with duct tape and turn your head into a containment vessel.

Tue, 03/15/2011 - 00:50 | Link to Comment Yits and the Yimrum
Yits and the Yimrum's picture

+100

some people can never give it a rest, even for a second

Tue, 03/15/2011 - 01:00 | Link to Comment MsCreant
MsCreant's picture

I was #47. Three more before you disappear. I hope there is a wakeup call for you in this.

Mon, 03/14/2011 - 23:17 | Link to Comment silvertrain
silvertrain's picture

dbl post, sorry...

Do NOT follow this link or you will be banned from the site!