You would think when a magnitude 9.0 earthquake hits the world’s third largest economy, a country that is responsible for the production of many of the key ingredients that go into today’s high technology products, you would think the stock market would decline after such an event. You would be wrong.
The earthquake struck Japan after the U.S. stock market closed on March 10. On March 11, the Dow Jones Industrial Average rose 60 points. The Nasdaq added 15 points. TiVo shares gained 27 cents to $8.78. Vonage shares gained 14 cents to $4.36.
My government was happy that an earthquake devastated Japan. We’ll see how long they stay happy.