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Crash Ahead? Scary Pattern Forming on S&P 500 Chart, Banking Sector Heading For A Serious Decline, The Gold Plunge Could Be The First ETF-Led Death Spiral

Scary Pattern Could Be Forming on S&P 500 Chart

A scary head-and-shoulders pattern could be building in the S&P 500, and this negative chart formation would be created if the market stalls just above current levels.

“It’s developing and it’s developing fast,” said Scott Redler of T3Live.com on Wednesday morning.

Redler follows the short-term technicals of the market, and he says the head and shoulders should be proven either way in the next few [...]

Navy rescue workers sue Japan over Fukushima cover-up — “Irreparable harm to life expectancy” — Gov’t and Tepco conspired

[...] Eight crew members of the U.S.S. Ronald Reagan, whose home port is San Diego, sued the Tokyo Electric Power Co. in Federal Court. [...]

Lead plaintiff Lindsay R. Cooper claims Tokyo Electric (TEPCO) intentionally concealed the dangerous levels of radiation in the environment from U.S. Navy rescue crews working off the coast of Japan [...]

The complaint states: “Defendant TEPCO and the government of Japan, conspired and acted in concert, among [...]

American Sailors Sue Tepco for Lying about Fukushima

by WashingtonsBlog

On the USS Ronald Reagan for Rescue Work

Preface:  Before you get too mad at the Japanese, remember that the U.S. government and nuclear industry are just as bad.  And America is largely dictating Japanese nuclear policy.

Courthouse News Service reports:

Eight crew members of the U.S.S. Ronald Reagan, whose home port is San Diego, sued the Tokyo Electric Power Co. in Federal Court.

They claim the utility company, “a wholly owned public benefit subsidiary of the government of [...]

US, Vietnam Launch Agent Orange Cleanup

Marianne Brown
VOA News
August 9, 2012

HANOI — The United States and Vietnam’s defense ministry have launched the first cleanup operation to rid a former air base of a toxic dioxin left from the Vietnam war. Although many people have welcomed the move, some say it is too little, too late to help generations of people suffering birth defects and diseases linked to the chemical.

The project, which started Thursday, aims to clean [...]

Tepco: Cesium getting stirred up? Fukushima plant still emitting 10,000,000 becquerels every hour

According to calculations by Tokyo Electric Power Co., the operator of the Fukushima No. 1 plant, a total of about 10 million becquerels per hour of radioactive cesium was being emitted from the No. 1 to No. 3 reactors as of June.

[...]

since February, the level of radiation emitted from the reactors has remained unchanged.

“There is the possibility that the cesium that fell on the reactor buildings was stirred up again,” [...]

REPORT: West Coast to receive dangerous levels of Fukushima radiation

It’s been over a year since natural disaster ravaged a nuclear plant in Fukushima and interrupted the lives of millions of Japanese. Scientists now fear though that contaminated water is on course to America, and it could be more toxic than thought.

Researchers have released the findings of an intense study into the aftermath of last year’s Fukushima nuclear disaster and warn that the United States isn’t exactly spared just yet. [...]

Fukushima man-made catastrophe hitting West Coast is no hoax

Commission reports government, regulators and Tepco collusion betraying human right to safety

Findings of the 19-member commission on the ongoing Fukushima nuclear catastrophe, based on the experts’ six-month investigation, conclude that it is a man-made event that could have been prevented, as Japan’s high-level radiation in air, water, food and dairy products bombards California.

“A report released last week by the Diet’s Fukushima Nuclear Accident Independent Investigation Commission backs what many members [...]

Fukushima Reactor #4 Continues To Puzzle Experts

Culture of Life News
June 5, 2012

Fukushima is mostly ignored by our media which also ignores the Bilderberg gang.  And a lot of other important stuff.  The above photo was taken during the recent TEPCO tour of reactor #4.  They actually have a crane there that fitfully removes debris.  The entire structure is on the point of caving in but TEPCO has put supports under part of the pool.  But this [...]

Chernobyl is not over: Testing Food For Fukushima Radiation, Swiss Find Chernobyl Contamination Instead

via worldcrunch:

[snip]

The results mean that 25 years after the nuclear disaster in Chernobyl, dangerous levels of radioactivity are still making their way into the food system. Etter said that what surprised him most was that the declared cesium values were three times lower than what was actually found in his lab’s tests, and that Ukraine had cleared the shipment for export. “It makes you wonder if those declarations are worth anything [...]

Fukushima disaster is ‘nuclear war without a war’: Ethan A. Huff

Ethan A. Huff
Natural News
May 23, 2012

It has been more than a year now since the massive 9.0-plus magnitude earthquake and corresponding tsunami devastated the Fukushima Daiichi nuclear power plant on the eastern coast of Japan, sending untold amounts of nuclear radiation into the environment. And to this day, the threat of nuclear fallout is ever-present all around the world in what some have described as a “nuclear war without a [...]

The U.S. dollar is in a dangerous position again, look out below…

From All Star Charts:

The U.S. dollar is flirting with some pretty dangerous levels.

We already know the Dollar Index has been in a decline for 10 years. So with that in mind, we are in the camp that the dollar rolls over again and makes fresh lows. I haven’t seen any evidence of the bear market coming to an end. At least not yet.

Since 2008, the U.S. Dollar Index has been [...]

Nutella customers win $3million in class-action suit over ‘misleading’ claims it is ‘a healthy breakfast’

Justice never tasted so good.

A disgruntled mother’s quest make Nutella pay for advertising their hazelnut spread as a ‘nutritious’ part of a ‘healthy breakfast’ has yielded millions in rewards.

Ferrero U.S.A. Inc., an affiliate of Nutella’s Italian-based parent company, has to pay $4 to EVERY person who purchased a  jar of their chocolate treat between January 1, 2008 and February 3, 2012 in the entire country United States, a California court has [...]

TRADER ALERT: Volatility has collapsed to dangerous levels

From Bloomberg:

As VIX drops below 15 for the first time in almost a year, the clarion calls of ‘all-clear’ should perhaps be tempered with the record-steepness of the volatility term-structure. Simply put, everyone and his mom is now selling short-dated vol but mid-term vol remains stubbornly high — in English, we’re safe today but tomorrow could be a disaster — or given medium-term risk outlooks, short-term traders are the most [...]