RADIATION STORM IN PROGRESS: Solar protons accelerated by this morning's M9-class solar flare are streaming past Earth. On the NOAA scale of radiation storms, this one ranks S3, which means it could, e.g., cause isolated reboots of computers onboard Earth-orbiting satellites and interfere with polar radio communications. An example of satellite effects: The "snow" in this SOHO coronagraph movie is caused by protons hitting the observatory's onboard camera.
ALMOST-X FLARE AND CME (UPDATED): This morning, Jan. 23rd around 0359 UT, big sunspot 1402 erupted, producing a long-duration M9-class solar flare. The explosion's M9-ranking puts it on the threshold of being an X-flare, the most powerful kind.
High-tech stocks have been enjoying a great party, lately. The Nasdaq composite has been up 2.8 percent for the week and 7 percent for the year. Popular stocks have fared even better for the year: Apple (AAPL) is up close to 12 percent; Salesforce.com (CRM) up 10 percent; Microsoft (MSFT) up 9 percent; Oracle (ORCL) 15 percent, Xilinx (XLNX) 18 percent, and Netflix (NFLX) 45 percent!
We do hate to spoil this party, but we do believe that high-tech stocks are ripe for a correction for the following reasons: Read....