Wednesday, March 16, 2011

Japan Nuclear Situation Out of Control

http://gizmodo.com/#!5782239/european-officials-japan-nuclear-situation-is-out-of-control

Market Sells on Fear, snap back rally off 1255 Support

...'after some comments about the situation in Japan from an EU energy commissioner (which were apparently made overnight) hit various newswires. The circulation of the headlines, which included quotes about the Japan situation being "out of control" and that it could be "an apocalypse", coincided with a drop in the market and uptick in volatility. However, as the comments were digested and subsequent headlines suggested that this particular person "does not have any specific extra information on the situation in Japan", things have calmed down and the market has stabilized' - Briefing.com

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