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Stocks are now plunging after the European Union energy minister says the situation at Japan's...

Stocks are now plunging after the European Union energy minister says the situation at Japan's nuclear plants is " effectively out of control " and to expect "possible catastrophic events" in the next hours. Dow -1% to 11,733, S&P -0.8% to 1271, Nasdaq -0.8% to 2646.
Comments (13)
  • doubleguns
    , contributor
    Comments (7814) | Send Message
     
    European market terriorist attacks market recovery.
    16 Mar 2011, 11:24 AM Reply Like
  • Stone Fox Capital
    , contributor
    Comments (5588) | Send Message
     
    and then they said he had no actual knowledge. Its just conjecture on his point and very irresponsible.
    16 Mar 2011, 11:25 AM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Yes, the world is simply going to end, isn't it? I mean didn't the "China Syndrome" educate us?

     

    My recommendation for all doomsters is not to take anti-radiation iodine tablets, just gulp down your cyanide pills, now, and avoid the final calamity.
    16 Mar 2011, 11:29 AM Reply Like
  • doubleguns
    , contributor
    Comments (7814) | Send Message
     
    I thought it was hemlock this week. I keep getting confused.
    16 Mar 2011, 11:30 AM Reply Like
  • neobliviscar
    , contributor
    Comments (157) | Send Message
     
    His comments were made overnight.
    They were just lit and thrown inside the tin can at 11am.

     

    Bipolar market.
    12400 about 1 month ago. 11700 now.

     

    The black box trading programs must be loving the wham up and slam down. Wait for the next wham.... wait for it... I wanted to laugh at the idea of QE3 last month, but sounds like the lighter fluid pump is back out.
    16 Mar 2011, 11:33 AM Reply Like
  • diepwjulius
    , contributor
    Comments (119) | Send Message
     
    So what, we're just supposed to liquidate our entire portfolios now?
    16 Mar 2011, 11:33 AM Reply Like
  • kelly225
    , contributor
    Comments (26) | Send Message
     
    No accountability - that's the problem. Blather on all you want and watch your name show up in the headlines because if your wrong - big freakin deal.
    16 Mar 2011, 11:37 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Something must have showed up on a satellite pass. France and now the US are saying the same thing.
    •CHU SAYS U.S. THINKS `PARTIAL MELTDOWN' HAS OCCURRED
    •SPENT FUEL POOLS CHIEF THREAT TO ENVIRONMENT, UCS SAYS
    •SPENT FUEL POOLS HAVE SHORTEST `PATHWAY' TO AIR, UCS SAYS

     

    Plus the Fed either cancelled or extended POMO...reports going both directions..
    16 Mar 2011, 11:40 AM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    The images:
    www.digitalglobe.com/d...
    16 Mar 2011, 12:26 PM Reply Like
  • 516909
    , contributor
    Comments (18) | Send Message
     
    What could be more catastrophic except the building#4 housing the spent fuel blows up creating a dirty bomb. That would move this from a "6" to a "7" which is what Chernobyl was.
    16 Mar 2011, 12:06 PM Reply Like
  • Tack
    , contributor
    Comments (12442) | Send Message
     
    Tens of thousands of people died in Chernobyl. How many have died from the nuclear plant here? So far, zero.

     

    As someone else pointed out yesterday, futilely attempting to add some scientific perspective, radiation illness occur when levels of exposure reach 1000 millisieverts. Yesterday, the press had a coronary when measured levels rose from 1 to 2 millisieverts.

     

    But, people don't want facts. They prefer, even relish, hysteria --sort of like watching reality TV-- and the media gives it to them.
    16 Mar 2011, 12:17 PM Reply Like
  • Papaswamp
    , contributor
    Comments (2178) | Send Message
     
    Here is your science part:
    www.digitalglobe.com/d...

     

    Death from radiation exposure usually isn't instantaneous. Days to years from the effects...but there are a guaranteed 50 dead men walking already. Those that have gone back into the facility.
    www.guardian.co.uk/wor...
    16 Mar 2011, 12:25 PM Reply Like
  • rayzmdAKArrtzmd
    , contributor
    Comments (222) | Send Message
     
    ..."Tens of thousands of people died in Chernobyl."???...actua... only 2 people died in the initial explosion...about 30 more died over the next several months from radiation exposure...thousands more deaths were attributed to Chernobyl over the years but the exact number can't be established...it's still way to early even to speculate on the consequences of this event...
    16 Mar 2011, 01:32 PM Reply Like
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