The thing any market hates the most is INCERTITUDE. Uncertainty is worse than bad news. Yesterday demonstrates that pretty aptly. I would not be in the least surprised if once the news on Japan comes out, even if the news is the worst possible outcome...you might see a little bump higher in the stock because people will be relieved that “now at least we know”.
This is one of those famous Rumsfeld “Things we know that we don’t know.” The only thing worse than that is the “Things we don’t know we dont know.” Those are terrifying.
The thing any market hates the most is INCERTITUDE. Uncertainty...
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