With the disaster in Japan reaping havoc on global markets, investors may well be looking to the past to get a better understanding of what investments held up in such uncertain times. The natural place to begin looking would be the stock market reaction to the Chernobyl meltdown of 1986. Unfortunately for chartists, however, since the catastrophe took place behind the Iron Curtain, in an economy mostly cut off from trade with the West, outside of falling uranium stocks, markets barely even blinked at the news.
展开▼
