TITLE

The Market's Disaster Drill

AUTHOR(S)
Saporito, Bill
PUB. DATE
March 2011
SOURCE
Time International (Atlantic Edition);3/28/2011, Vol. 177 Issue 12, p15
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article examines the financial market reaction to the Sendai earthquake and Fukushima Daiichi nuclear power plant accident in Japan and offers stock price forecasting. A sharp decline in Japan's stock prices and prices of nuclear industry stocks is discussed. Stock price index history from previous disasters such as the Three Mile Island nuclear power plant accident is considered, and it is noted that similar declines were quickly reversed. It is forecast that this pattern will repeat itself.
ACCESSION #
59627580

 

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