Rough estimates to enforce the Libyan no fly zone are about a billy.

However, exogenous events, like $150 milly F-15’s falling from the sky, can put the price tag exponentially higher.

Related: the afghan war costs $9 billion per month, ballpark.

The CEO of Sprint said he would appeal this deal to congress, saying the combined entity would have “tremendous power.”

If completed, AT&T and VZ would control 79% of the US mobile market.

Due to a divergence between oil and gasoline, crack spreads are correcting today, now down 7.8%. Refinery related stocks are paring recent gains, with exception to DK, ALJ and WNR.

http://www.zerohedge.com/article/guest-post-recovery-self-sustaining-heres-test

I hate to “Zero Hedge” you, but I’ve gotten to thinking after reading this.

I don’t have the time/correct information/brain cells to know if these numbers are true. If they are, all I have to say is “holy shit”, it’s even worse that we know. How can this keep going? How can the chickens not come home to roost? My guess is that it will be just in time for the next Presidential Election cycle…

http://www.businessinsider.com/is-this-why-hedge-funds-bought-the-fukushimalibya-selloff-2011-3

This is supposed to be the reason for another ravenous, low-volume bounce. Don’t worry, recent events are the foundation and justification for further market gains!

Amazingly, everything that is happening has not jolted the populace. But if the stock market dropped 10%, it would all suddenly matter…

See full story

The Daily Telegraph is reporting after the US airman’s crash near Benghazi -“Raising his hands in the air he called out ‘OK, OK’ to greet the crowd. But he need not have worried. ‘I hugged him and said don’t be scared we are your friends,’ said Younis Amruni, 27… A queue formed to shake the hand of the airman, as locals thanked him for his role in the attacks.”

Watch the usual suspects today: $MCP, $REE, & $AVL. Full story here

http://www.bloomberg.com/news/2011-03-22/all-clear-sounded-as-markets-shrug-off-multiple-black-swans.html

Delta airlines is out with a note saying the ongoing crisis in Japan will cost the company between $250-400 million in lost revenue.

The broad topix index is now up 4.4%, led by gains in Cannon, Toyota, TEPCO and Panasonic.

S&P futs are down 3.

The US and UK have fired 159 tomahawk cruise missiles into Libya since Libya.

159x $569,000 per missile= war is profitable

Apparently, Apple is not in the sharing mood.

He was quoted saying “don’t need them.”

Trichet made some strong comments yesterday, suggesting that the ECB might begin tightening- starting with the April 7th meeting.

The IAEA is reporting radiation levels as much as 1,600 times normal have been detected 12 miles from the Fukushima plants.

Make no mistake, wind turbines still suck as a form of alternative energy, but at least they do not kill as many birds as cats.

“While public attention has focused on wind turbines as a menace to birds, a new study shows that a far greater threat may be posed by a more familiar antagonist: the pet house cat.

A new study in The Journal of Ornithology on the mortality of baby gray catbirds in the Washington suburbs found that cats were the No. 1 killer in the area, by a large margin.”

Read rest of article here.

“Gov. Scott Walker was right: The angry crowds in Madison didn’t tell the whole story of how Wisconsinites felt.

In the week after Walker announced his plan to dramatically curtail public employees’ collective bargaining rights in the state budget repair bill, a wide majority of the emails to him expressed support, an analysis of those emails indicates.”

Read the rest here.

http://arxiv.org/PS_cache/arxiv/pdf/1102/1102.2620v1.pdf

This study speculates that when the prices move in one direction, as in a momentum-driven market, then there is real danger of a crash. If this is true, then we are royally screwed as the market has everyone moving in the same direction and just waiting for the “tipping point”.

Top 5 winners and losers with market caps over 100mill.

GSAT +25%
URZ +25%
VGZ +19%
URG +18%
LEAP +15.5%
————–
DEER -21%
CELL -15%
GMR -13.5%
S -13%
HEAT -10%