Finally The U.S. Pushes for Air Strikes in Libya

It nearly took a massacre no ?

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Remember yesterday was a head fake. Watch closely to today’s action. Everyone expects intervention into the Yen

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Did you put on that short @76 and change ? Remember that is where some currency traders said to stop out. Hope you bought the stops…..

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Really this is some serious bravery!

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Update on cooling process

Who’d blame anyone for leaving

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Bahrain arrests opposition leaders

Some estimates same energy cost will rise 10% ….

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China’s SAFE Investment company has been taking small positions in the largest companies of the FTSE 100…

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Due to supply concerns out of Japan, with 1/3rd of their refineries offline, crack spreads or profit margins for refiners have soared over the past week.

As of now, they are up 0.7%, erasing earlier losses, approaching $24. It’s worth noting, crack spreads were up more than 5% yesterday.

European futures have erased earlier losses and are now pointing to a broad based rally of almost 1%.

U.S. futures have been strong all night and are now at session highs, also suggesting a 1% jump at the open.

Five year swaps for Japanese sovereign debt widened 12 basis points to 119.5. Corporate CDS have seen similar moves, especially in Tokyo Electric CDS, which have blown out completely—up more than 600% in the past week.

The fear lies in the 200%+ debt to GDP figure, as borrowers question Japan’s ability to rebuild and effectively service their debt over the long term. Japanese officials, acknowledging this fact, have discussed levying a special one time tax on its populous, in order to raise funds.

In the old head stuck in the toilet bowl monetary policy move, India’s central bank raised rated to 6.75% from 6.5% in order to “fight inflation.”

India “enjoyed” a CPI reading of 8.3% last month.

Despite a late pick up in Asian markets, they ended decidedly lower for the evening, with the Heng Seng standing out down more than 2%. The NIKKEI rebounded and flirted with green, but is now lower more than 1.4%. The Shanghai added to the carnage,  lower by more than 1%.

Small LCD factory has sustained significant damage due to quake and will be shut down for at least 1 month.

Kyodo is reporting that radiation levels have not gone done, despite Tepco’s helicopter over nuke plant water trick.

Speculation of further BOJ intervention into the currency markets has led to a dollar rally versus the yen, now trading above 79. Earlier this evening, it was 76.

S&P futs are 7.5 points above fair value or 0.6%. Both Japanese and Hong Kong markets are down less than 2%.

Related: Food commodities are soaring, on average up around 1.5%.

Update: the broader based Japanese Topix is now up. Crisis over.

It’s being reported by police in Japan, the confirmed death toll is 5,178 and 8,606 missing.

Additionally, several thousand more are injured.

These fuckers, alongside lying bitches at GE, have been lying since 1975. Falsified records, coercion, the works.

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The bigger they are, the harder they fall…Hat tip to Bespoke

http://www.bespokeinvest.com/thinkbig/2011/3/16/26-of-sp-500-stocks-currently-above-50-day-moving-averages.html

The Japanese markets have stabilized and trading off the lows, but still swimming in shit, down 2.1%. Hong Kong is down 1.97% and China is off by 0.4%, where they are too busy concocting off balance sheet accounting frauds than pay heed to global news.

Related: oil, gold and silver are all lower, but food commodities are ripping to the upside.

Although minuscule, UN scientists are predicting a radioactive plume will touch down on southern California by Friday, just in time for tea and crumpets with none other Howard Lindzon.

Get your fucking face masks ready.