Nikkei closed down 10.55 % on panic selling.

The Nikkei fell as much as 14 percent at one stage, before closing
down 10.5 percent, its biggest percentage fall since October 2008
during the height of the financial crisis.

Hopefully all those flimsy derivative instruments don't start a "china
syndrome" meltdown of the world's financial system.

But I needn't worry: technocrats seem to have a good handle on the
problems of the entire world.....and they seem to be able to make them
much worse with a flick of a switch every time. Wake me up when it's
safe to breath again please.

An which technocrat put the diesel back-up generators at Fukushima at
ground level where they could suck up tsunami water shortly after
kicking on in the first place? And did he commit ritualistic suicide
yet as required by the Japanese Bushido code? Inquiring round eyed
guys want to know.
Dave


(Reuters) - Japanese leaders tried to calm panicky financial markets
on Tuesday as a deepening nuclear power crisis looked certain to
increase the toll on an economy already convulsing from the impact of
Friday's earthquake and tsunami.

http://www.reuters.com/article/2011/...72E1EK20110315