Having watched the markets move since Monday night — when the Japanese nuclear crisis clearly took a turn for the worse — we’re pretty sure we’ve discovered a pretty easy way to tell which direction stocks are going to head.
Point your browser to Kyodo Wire. Look to see what the last Fukushima-related headline is.
If it’s optimistic sounding, stocks will tick up. If it’s bad sounding, stocks are probably heading down.
For example, around 3:30 AM, there were headlines about radiation levels collapsing. Consequently stocks went up. More recently there have been headlines about the fuel rods in reactor #4 boiling water. And so stocks have been slipping again. It’s pretty straightforward.
Here’s a look at the night’s wild action: