Nuclear Power

Editorial from Yankee Bob (bolding/color/format mine) in response to my including nuclear power as part of comprehensive energy plan that focused on alternative sources.

Why the hell would you support Nuclear energy??!!

There is no more expensive way to boil water then Nuclear. It’s the most expensive way to produce power when you consider the social costs.

  • The deaths from radiation releases that are routine and routinely labeled as safe render it a loser.
  • There is no safe place to store the tons and tons of waste unless you’d like to store it under your bed!
  • The waste has to be shipped via truck or rail around the country. Sooner or later there will be a deadly accident or terrorists will hijack it.
  • The waste will be deadly for 100s of thousands of years. Nice of us to pass the risk on to future generations.

If nuclear is so wonderful,

  • why does the industry need the government to guarantee loans so reactors can be built?
  • Why does the taxpayer have to assume the risk and get stuck for the tab even if they never produce a watt of electricity??!!
  • If Nukes are so safe why does the government have to insure them because private companies won’t?
  • What happened to the market place providing solutions?

This new nuke tech they are planning on building does have design problems and has not yet been certified by the regulatory agencies. It’s nuke industry propaganda that is touting their safety,no one else. when was the last time cost analysis factored in the cost of decommissioning a plant? They don’t! What is the cost of the public subsidies for guaranteed loans and gov insurance?

By the way,if you have a meltdown and lose a whole state,do you really think the gov will pay off on the loss of property to common citizens or just corporations? Why can’t we apply an equal amount of public subsidies to good clean solar or wind or geo thermal?

And lastly,without Homer’s Nuke plant making piles of plutonium and where would the weapons industry be. First ,they depended on it for making nuclear weapons and now they make a s–t load of the enriched armor piercing stuff that we have littered Kuwait and Bosnia and especially,Iraq with and it’s probably responsible for the Gulf War Syndrome. Why would you be in favor of Nuclear power? Eventually,we will lose a city or a state.

Smiley Nuclear

A shorter rebuttal from John Sovjani

Bob; I think nuclear should be part of the solution. Japan and France get most of their electricity from it. As Tom Freidman has said, we invented and developed it and now other countries are taking it and running away with it. If subsidies weren’t given, which energy tech would succeed in the market place? Also, which technologies do we have now that are proven and how long it will take any of these to have a significant impact without subsidies? Was it 10 years for approval for windmills off Cape Cod?

Have an opinion? Let it be heard in the comments section of the blog Nuclear energy, Immigration & Fixing Shadow financials are the latest topics – but anything goes.

KISS & Stocks (Keep It Simple Stupid)

If you don’t understand a term look in up at dictionary


Index Percentage Volume
Dow -2.02% up
NASDQ -2.98% up
S&P 500 -2.38% up
Russell 2000 -3.15% -

Investors411 record – 5 years of beating benchmark S&P 500 and almost all major US indexes

Technicals, Fundamentals & Analysis

See Positions for changes made each weekend

From MondaySell in May and stay away” an old Wall Street saying.

This is the third or fourth “Distribution” day for major US indexes. Distribution = big, increased, above average volume associated with a major (biggest since 2/4) selling day. Technically 3D days (a pun) is about as big a signal of a market reversal there is, especially when rally days have so little volume. = BEARISH

Technically almost every analyst sees two major obstacles – We reached a “Fibonacci retracement number for the benchmark S&P 500. and US markets are at the place they were before the Lehman Brothers meltdown sparked the massive selloff. = Bearish

This added to a roller coster markets (up, down, up, down), which usually indicates a top has the boys and girls who live by technical analysis running for cover. = Bearish

Lots of analysts specifically  blamed yesterdays massive selling on Greeks who protested austerity measures as conditions for loans. They like most American want to see the Greek bankers pay more. The demonstration was the small picture. Markets selling off so much on this relatively minor news = Bearish

The real problem is in all the PIIGS in Europe got nailed when their bank, like ours were got over leveraged. There are other causes but  over leveraged loans have played a huge role across the world = Bearish

The Dollar (see below) is a major fundamental problem to recovery. As the dollar moves higher two negative factors come into play

  • Oil prices, tied to dollar, also move higher. May & June historically have been period oil prices increase before summer driving season.
  • US exports cost more abroad, because the dollar is more expensive and this cuts profits. = Bearish

Analysis - Big red bear paw prints all over the place. (see above) This time a low volume rally is probably just not going to cut it and traders will sell into the rally.

About the best hope to stem the tide is improvement in the employment numbers on Thursday. We also have a strong earnings season = Bullish

However, What Investors see, impacting those strong earnings is

  • Higher gas prices
  • Higher costs to export goods
  • Continuation of European debt problem
  • No solution American shadow banking problems.

Perhaps we will get a weak volume rebound today.  However these weak volume rebounds are on very thin ice when traders see such massive volume behind sell offs. So the roller coaster ride is probably going to finish where many coasters do – down from the top.

1168+ The 50 DMA & 1150+ (an old high) are two major support levels on the benchmark S&P 500 now at 1173.60

Significant Indexes

  • McClellan Oscillator fell dramatically  to -46.43 yesterday.  [+60 or above = Overbought = sell. -60 or below = Oversold = buy]. StockCharts has a better version of the McClellan chart ($NYMO)LINK. – The MO broke through a strong support level at -33 support level. Breaking down through support almost always means there is more downside to come.  However support levels do put up resistance to further falls.
  • US DollarHad a HUGE breakout and was up +1.16% yesterday. [Anything over +/- @0.50 is significant.] Mantra - right now The Dollar Rules is very important Dollar closed at $83.83. The breakout of the trading pattern to a new high for the dollar focus almost all eyes on the growing value of the US dollar. Rising dollar almost always = falling stocks. The dollar is rising and falling because of the fluctuations in European currencies = Greek debt.


The  Positions Section = latest buys and sells – (Revised positions last weekend) - These are positions I actually own

Caution From Monday -The stocks in  YOUR Stock list are especially vulnerable to a sharp correction in the market.

CautionFrom Tuesday- More and more US equities are looking like they have reached at least a short term high.  The jobs report on Thursday is critical to advancing markets.

Long Term OutlookIn anticipation of the S&P 500 (click on link to chart at side of blog) breaking through its 50 DMA the long term outlook is going to get downgraded to NEUTRAL.  This may be jumping the gun,but the momentum is with the bears.

YOUR Stock List from last Tuesday. Right now because all stocks could be taking a major correction it is far more significant to focus on the  BIG PICTURE than individual stocks.

Yesterday Investors sold 1/2 of its EWZ position (Brazil) that was bought  many months ago for a profit. The last 1/2 is down from where it was bought. This leaves Investors411 with under 10% position in stocks. (See positions section) Holding onto long term positions in IMAX & ESRX

The good news is as the McClellan Oscillator falls (especially below -60 = Oversold) Investors411 will start buying/nibbling again. Hopefully, more on this tomorrow. What too look for are stocks bucking the trend. (more tomorrow)

Note 2/4 was the last time we had a bigger than yesterday’s sell off and that’s 7 days before Investors411 started to buy. – We all had a good run then. Let’s hope the same pattern sets up.

Long Term Outlook = NEUTRAL


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