Uncertainty over Reactors Hitting Global Markets

by Marilou Moursund on March 15, 2011

in Energy,Foreign Markets,Geopolitical

The after falling 5% the previous trading session. There were explosions over night in Fukushima 2 and 4, and the Japanese government has widened the area where it is calling for evacuations. Our market has stabilized with the Dow down -230 after being down as much as -296 at the open. The 10 year Treasury has rallied to a yield of 3.26%. Oil has risen from its lows brought on by the crisis in Japan,

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and it is currently trading at 98. The situation is changing rapidly, so we are closely monitoring the price action in our domestic equity markets.

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