Following the full day trading halt yesterday, a soon to be nationalized TEPCO decided to reopen. Instead it should not have passed go and gone straight to prison. The stock crashed 21% from yesterday's closing tick immediately at the open, 35% from Monday's close, and 79% in under three weeks. To all the major holders (which just happen to be Japan's largest insurance companies as disclosed previously) our condolences.
And while TEPCO continues to be the only shining beacon of the complete uncontrolled collapse of the rescue efforts in Fukushima, with global markets now having moved on, here are the latest and greatest headlines out of the worst radioactive disaster since Chernobyl:
- IODINE IN SEAWATER SOUTH OF PLANT 3355 TIMES LIMIT (highest reading ever announced)
- SEAWATER SAMPLE TAKEN YESTERDAY AFTERNOON (so by now it is all good)
- LOW PRESSURE IN REACTOR 2, 3 PRESSURE VESSELS COULD BE SIGN OF LEAKAGE (or it could be a sign that futures are about to surge: nobody knows for sure).
And the latest news from Asahi, which is precisely as we predicted from the very beginning: "giant shrould mulled over Fukushima 1 to cut radiation leak." Now if only here was a shroud for all the radioactive lava and seeping subsoil water radiation...