(((One of the key points is that we won't know whether or not therewill be a meltdown for a month or more -- which is a long period oftime for the markets to fret. Dr. Faber also thinks that the Yen isgoing to weaken as a result of the disaster, though not immediately;the disaster will be inflationary for Japan. QE3 and beyond is assuredif the market keeps falling even though more QE is really a bad thing(the market ought to be allowed to find its own level, I think.))))If Market Keeps Falling, Fed Will Keep Printing: 'Dr. Doom'Published: Tuesday, 15 Mar 2011 | 8:15 AM ETBy: Jeff Cox, CNBC.com Staff Writerhttp://www.cnbc.com/id/42085935SEE ALSO:(((Potential supply disruption worries affecting US stocks such asAAPL)))Japan Reactor Problems Seen Affecting Chip IndustryBy Mark HachmanMarch 14, 2011 04.32pm ESThttp://www.pcmag.com/article2/0,2817,2381944,00.aspChip prices up after Japan earthquake, tsunami, nuclear meltdown fearsA Daily Digest of IT Blogs from Richi JenningsMarch 15, 2011 - 4:59 A.M.http://blogs.computerworld.com/17978/chip_prices_up_after_ja...* * *Japan retains decorum in face of pileup of catastrophesRescue teams worked Monday to recover bodies that are washingup on Japan's northeastern shores, as millions of people faced afourth night...By Chico Harlan, The Washington PostMonday, March 14, 2011 at 7:36 PMhttp://seattletimes.nwsource.com/html/nationworld/2014497196...* * *(((Commentary: hopefully everyone had previously started buildingcash reserves in order to capitalize on market weakness in the future.It might -- likely -- be wise to work on building more cash reservesnow rather than immediately buying the "dip". I view this situationas one where my initial reaction and desire is 180 degrees wrong.Right now I feel no urgency to sell stocks and am thinking of waitingpatiently to buy later. That buying opportunity will come after complacence turns to fear and loathing.Knowing that QE3 is likely after a crushing stock market correctionwe should be vigilant about opportunities to buy gold and silver.Looking at the charts, both are due for a correction as speculatorsexit the trade. A GLD fall to the 65 week moving average would be appropriate for emptying the "weak hands":http://stockcharts.com/h-sc/ui?c=GLD,uu[h,a]wacayiay[df][pc4...Likewise with the S&P 500:http://stockcharts.com/h-sc/ui?c=spy,uu[h,a]wacayiay[df][pc4...Look at On Balance Volume for GDX -- the gold miner stocks have beenindicating a correction for months:http://stockcharts.com/h-sc/ui?c=gdx,uu[h,a]wacayiay[df][pc4...CEF looks like it needs a major correction to the overboughtcondition!http://stockcharts.com/h-sc/ui?c=CEF,uu[h,a]wacayiay[df][pc4...In fact, we should be looking at opportunities beyond just goldand silver, and be building lists of things we would like to own.)))* * *(((This just rips Obama's leadership style, and you know what? Ithink he is pretty useless so it doesn't matter much if he isoff playing golf or working on sports bets. He has his four yearsthen we vote him out. I no longer care what he says about anything.If his face appears on TV, I immediately change the channel...just like I did with Bush 2 -- because I can't stand being liedto and conned. It's so obvious he campaigned on false promisesand I can't imagine what he'll come up with to try to get re-elected :-) But it does not matter anymore. )))President Obama’s Trivial Pursuitsby Keith Koffler on March 15, 2011, 12:10 pmhttp://www.whitehousedossier.com/2011/03/15/president-obamas...
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