Even as the market has now apparently fully priced in Fukushima, the bad news continue coming:
TOKYO ELECTRIC RADIOACTIVITY FOUND CONFIRMS FUEL DAMAGE: NHK
TOKYO ELECTRIC DETECTS 5 TYPES OF RADIOACTIVITY, NHK SAYS
No surprise there: by now everyone is well aware that the fuel rods are if not completely then certainly partially destroyed. However, the real danger, and explains why we have been following atmospheric conditions over Japan so closely, is that as Kyodo just reported, the rain is now pouring radioactive cats and dogs. But the most troubling development is that instead of being proactive and finally warning its citizens about the dangers, the Japanese government has just raised the decontamination threshold by nearly 20 times from 6,000 cpm to a stunning 100,000 cpm. Is is rather safe to assume that this number was not picked arbitrarily...
Radioactive Cesium Content In Japan Sea Water 25 Times Limit, Radioactive Iodine At 127 TImes Maximum Allowed