Uranium-stocks.net (Editorial) reports on the recent Japanese natural disaster on the uranium industry.
The editorial is quoted as saying:
Natural and man-made disasters spur innovation in new technologies. While the events are fresh, and people are in crisis, media coverage becomes hyper-focused on every bit of bad news. As a result, there’s an overall lack of proportion regarding the disaster and prospects for recovery. The Wall Street Journal, in a recent editorial entitled “Nuclear Overreactions,” provided these clear-minded observations:
“Our larger point is less about nuclear power than how we react as a society to inevitable disasters, both natural and man-made. Because a plane crashes, we don’t stop flying. Because an oil rig explodes in the Gulf, we don’t (or at least we shouldn’t) stop drilling for oil. And because the Challenger space shuttle blew up, we didn’t stop shuttle flights. We should learn from the Japanese nuclear crisis, not let it feed a political panic over nuclear power in general.”
We have only five precedent nuclear accidents since 1950. In each case, the S&P 500’s median decline has averaged 5% over a period of 25 days.Even Chernobyl saw a 5% market decline.
Click here to access the entire editorial.
