Special Market Update

by Jim Baird on March 17, 2011

On Friday March 11, 2011, the largest earthquake on record in Japanese history struck northeastern Japan.  A devastating tsunami ensued with 30 foot waves swallowing entire cities across the Pacific coastline.  The government has since declared a “state of emergency” in response to the massive destruction that occurred and as a result of the dangerous situation that continues to unfold at Japan’s Fukushima Daiichi nuclear plant.  Residents in the surrounding area have been forced to evacuate in order to avoid potential exposure to radiation.  The full scope of the damage is still unknown, though the confirmed death toll has already exceeded 1,900, and is expected to rise significantly.  Several cities and villages remain completely isolated, accessible only by helicopter, while estimates of the number of missing persons exceed 10,000.  The human toll is devastating, and our collective thoughts are with the people of Japan and all that have been affected by this tragedy.

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