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Stock World Weekly -Shake-up & Change
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The earthquake and tsunami in Japan, and the resulting catastrophic damage, dominated the news. Reports continued to come in from around the country of massive, widespread devastation. An explosion at the Fukushima nuclear reactor complex in the town of Okuma raised concerns of a possible Chernobyl-style nuclear event. Rescue and relief efforts mobilized around the world as multiple nations joined in to help with disaster relief.
“This will make a Japanese rate hike out of the question, probably for the rest of this year, and so it will be a dollar booster and EDZ will, of course, be flying. This is not the way we like to win on our bets, unfortunately but it is a very good object lesson about why it is very foolish not to always have some kind of disaster protection in your portfolio – because you never do know when a disaster is going to strike. Over time, it’s complacency that kills you...” - Phil
[...]
Charles Hugh Smith of the blog “Of two Minds” surmised, “Some analysts have reckoned that Japan will consume less oil and resources in the wake of the quake, but if we look out a bit further, we see that rebuilding will require monumental amounts of energy and materials. Japan's consumption of commodities will rise, not fall.”
[...]
Another highly significant, although less visible, event was Pimco’s divesting itself of U.S. Treasury holdings. Keep in mind, Pimco is in the business of buying bonds and providing returns for investors...Pimco has over a trillion Dollars in assets, yet is choosing not to buy debt from the United States government. It seems likely that Mr. Gross believes there is a strong risk that inflation will increase while the Dollar will weaken. In this case, U.S. Treasuries will lose value. It will be interesting to see if other Bond Managers follow Bill Gross's example and begin to file out of US Treasuries.
We have three trade ideas for the upcoming week...
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The future is now. Be prepared.
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This is the future, appreciate it and say good bye to nuclear. Enjoy the read.
William, the waves you use are from the define winds that sunk the mongul fleets and have nothing to do with tsunamis