I don't particularly like profiting for catastrophic events but Japan will recover eventually from this disaster and so will its stock market. I will take positions in EWJ and will post entry positions on here. And if you wish to profit from it or just want to help victims of the tsunami and the earthquake, consider making a small donation by texting the numbers below from your cell phone. I will add charts for the S&P later today.
Verizon Wireless has started a mobile giving program where customers can contribute to the relief efforts. All you have to do is send a text message. There are a number of organization you can give to including the American Red Cross, the Salvation Army, and Global Giving. Each organization has its own word to text, and number to text to. Once you send the text, ten dollars will be donated to the organization you chose.
Once the text is sent, $10 will be applied to your account and it will show up on your next monthly bill. Here are the organizations and codes for each organization:
ADRA Relief: text SUPPORT to 85944
American Red Cross Relief: text REDCROSS to 90999
Convoy of Hope: text TSUNAMI or SUNAMI to 50555
GlobalGiving: text JAPAN to 50555
International Medical Corps: text MED to 80888
Mercy Corps: text MERCY to 25383
Salvation Army: text JAPAN to 80888
Save the Children Federation, Inc.: text JAPAN or TSUNAMI to 20222
World Relief Corp. of National Association of Evangelicals: text WAVE to 50555
World Vision, Inc.: text 4JAPAN or 4TSUNAMI to 20222