The following post is the financial review for this week which has analyzed by Pitguru Frank LaMantia. I would like to take this chance to say that I deeply want to share things with the Japanese friends and people living there. I admire so much on what you guys are doing to overcome the difficulties.


Stocks are selling off as the crisis continues to worsen in Japan. Two reactors have exploded but minimal risk of exposure is expected. This has created concern in the States that older nuclear plants needs to be shut down and or upgraded. This is learning from others’ mishaps rather than waiting for a natural disaster to hit the U.S. The Bank of Japan added 10 trillion yen or $122 billion dollars to its easing program. What many do not know is Japan is in debt up to the hilt at almost twice its GDP. This disaster could create ongoing problems for decades as the rebuilding process takes place. Berkshire Hathaway bought U.S. chemicals manufacturer Lubrizol for $9 billion which equates to over $135 a share. A hacker group has released information on mortgage loans pertaining to Bank of America.

Today there is no economic data to report so traders might be looking at headlines about Japan, the Middle East, and how oil prices are moving. Analysts believe more oil will be needed in Japan as a result of the disaster. Uranium stocks are moving downward due to talks that some might be shutdown in the near future. Solar stocks seem to be doing well as more outside the box options are needed in Japan.

The DOW was down -62.40 to 11916.00 while the S&P was down -6.78 to 1292.00. The US Dollar Index continued to fall -0.21 to 78.57 along with it the Euro down small -0.001 to 1.395. The Yen soared last week after the quake and could gain steam to hit analysts’ expectations of 75 per dollar.

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