| Fellow Investor, I'm no nuclear expert. Far from it. So the reports that the pools where spent nuclear fuel rods are stored have no water, that the rods are completely exposed to the atmosphere and releasing radiation are frightening. And reports that many countries including the U.S. are advising their citizens to leave Japan aren't helping. But the fact is that I have no way to realistically assess the danger and what it might mean for the Japanese people and the global economy. Frankly, I don't like not being able to make an informed opinion about what's going on, it's like flying blind. Unfortunately, it's probably too late for me to get that nuclear engineering degree... *****The S&P 500 bounced exactly on support at 1,250 yesterday. And stocks are putting together a strong open today. Will it hold? Is there more work to do to establish 1,250 as a floor and move stocks higher? These are important questions, and very difficult to answer, given the outrageous amount of undetermined macro issues. The outcome for Japan's nuclear problems is completely unpredictable. Add to that the situation in Libya, and now Bahrain, and it truly feels like any stance at this point is just a guess. Investing should not be based on guesswork. | Special opportunity, article continues below.
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| *****The U.S. is now backing plans for a "no-fly zone" over Libya. If NATO or the U.N. actually moves on Libya, there's no doubt Iran will have something to say about it. Bahrain is cracking down on Shiite minority groups, and that could incite more violence in Saudi Arabia. Instability in the Middle East is far from resolved. *****Inflation data from the Consumer Price Index (CPI) was inline and reflected what we saw from the PPI earlier in the week. Inflation (if you want to call it that) is isolated to food and energy. Prices for other goods are stable. Some are forecasting that the rebuilding process in Japan will provide enough demand to help put supply chains back on track, especially for China. That, in turn, could lessen some of the inflationary pressure in China. *****There may be some trading gains out there for nimble traders. Jason Cimpl got his TradeMaster Daily Stock Alerts members into a couple upside positions yesterday, as the stock market was hitting its lows. Jason continues to maintain the belief that the market will attain new highs if 1250 holds. The index hit 1249.05 yesterday and he told subscribers to go long. That's looking like a pretty good call so far... Until tomorrow,  | Ian Wyatt
Editor
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