Monday, March 14, 2011
It's as bad as it gets
Japan's reactors are melting down. They have consistently lied to us, letting precious time pass and now it appears it is likely too late for anyone to do anything about it. Tokyo is reporting radiation, the PM of Japan is now admitting radiation is leaking badly (after he lied and said it wasn't just this morning), and they are telling people to stay in doors (as if that will help). The Japanese stock markets are in free-fall, down over 12% today after more than a 6% drop yesterday. Dow futures are off 275 points and falling. I realize that Japan is facing a huge earthquake, Tsunamis, and now a nuclear disaster. I understand, but I can't forgive this blatant disregard for the truth and the safety of billions of people. Call it ego, pride, embarrassment... whatever. I just call it unforgivable.
Posted by Craig D. Allen, CFA, CFP, CIMA at 9:54 PM