Cramer: Japan Is Not a 'Chernobyl Situation'---Keep Buying Stocks!!!

[kpete]

Cramer: Japan Is Not a 'Chernobyl Situation'
Published: Tuesday, 15 Mar 2011 | 7:39 PM ET

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Stocks closed off the lows on Tuesday, as buyers stepped into the market despite the threat of an escalating nuclear crisis in Japan. Had Japan endured a nuclear meltdown, Cramer thinks the markets would have sold-off, but the "Mad Money" host said a Chernobyl situation was never really on the table.

Japan's nuclear plants have fail-safe that make a Chernobyl-like explosion unlikely, Cramer explained. There are multiple safeguards that would prevent an event of that magnitude, he added. The Chernobyl disaster is considered the worst nuclear power plant accident in history. On April 26, 1986, a power outage hit the plant in Pripyat, Ukraine SSR (now Ukraine). The outage caused a reactor vessel to rupture and a series of explosions followed. A large plume of radioactive fallout drifted over the area, causing hundreds of thousands of people to relocate.
http://www.cnbc.com/id/42090187


UPDATE: http://blog.alexanderhiggins.com/2011/03/30/cesium-fallout-fukushima-riv.... Jim Cramer loyally serves his GE masters and destroys what little remains of NBC/MSNBC/CNBC's credibility.

Japan raises nuke crisis severity to Chernobyl level
http://calgary.ctv.ca/servlet/an/local/CTVNews/20110412/japan-nuke-crisis-worsens-110412/20110412/?hub=CalgaryHome

[Atman]

1. Cramer is LEVEL 7 FULL OF SHIT.

This man should be in jail, along with the rest of his Wall Street cronies.

[RUMMYisFROSTED]

2. Wow!

[upi402]

3. Listen to what Cramer thinks

and do the opposite.