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A freefall in the Japanese equity markets overnight.  (naked capitalism, Big Picture, WSJ)

An update on the reactor situation.  (NYTimes, Bloomberg)

Have markets overreacted? (FT Alpahville)

Are we living in an age of more black swan-like events?  (Doug Kass)

Many bets against Japan had not worked for hedge funds, until now.  (WSJ)

Putting a price on Japanese default.  (Bespoke)

The breakdown in the Japanese economy will not help China.  (FT Alphaville)

Cash is [not] trash.  (Pragmatic Capitalism)

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