MCO Update March 16, 2011

The 9.0 earthquake in Japan has caused the Japanese markets to crash. What we are seeing now is the spillover into the US and world markets as investors become highly risk adverse. Also elevating investor anxiety is the uncertainty over the reactor failures in Japan. The situation is very fluid and not good, so even though the fundamentals of the US markets haven't changed that much, just the fear is enough to prolong the bottoming process.

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