sumisu,
yes, events like this sure put things into perspective. i was in china last week and flew through beijing on saturday, but i didn't hear anything about the earthquake and tsunami until i returned to the u.s. that day. i heard second-hand conversations about people changing their flights out of tokyo while on the plane leaving beijing, but the reason why wasn't obvious to me at the time. your friends are in my thoughts.
i did not exit any of my ux positions prior to or during this correction. it looks like they've settled a bit for now, but that could change if the news coming out of fukushima gets worse. i've been nibbling here and there and am currently waiting for some funds to settle in my account before buying more, but i think this could be the last opportunity to buy this sector at a steep discount. there's no saying how long this opportunity will last however.
it looks like all governments are openly willing to print more money to paper over this tragedy and the resulting market fallout. this will ultimately be good for all commodities, uranium included. my opinion is all the sovereign lip service out there regarding the stalling or suspension of nuclear plant production is exactly that. most nations are committed to nuclear in the future (e.g., china and india) if they aren't already in the present (e.g., france among other european nations) and this will simply cause them to take a much longer and closer look at improving their designs and safety standards.
take care and stay safe,
craig.
