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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Gib Bogle who wrote (72645)	3/1/2010 11:45:50 PM
From: Snowshoe	Read Replies (1) of 74559

Chile was hit hard by tsunamis soon after the quake. The smart thing now is to rebuild on safer ground... Tsunami sweeps away entire towns on Chilean coast news.yahoo.com In the village of Dichato, teenagers drinking on the beach were the first to shout the warning when they saw a horseshoe-shaped bay empty about an hour after the quake. They ran through the streets, screaming. Police joined them, using megaphones. The water rose steadily, surging above the second floors of homes and lifting them off their foundations. Cars were stacked three high in the streets. Miles inland along a river valley, cows munched Monday next to marooned boats, refrigerators, sofas and other debris. "The maritime radio said there wouldn't be a tsunami," said survivor Rogilio Reyes, who was tipped off by the teenagers. Dichato Mayor Eduardo Aguilera said 49 people were missing and 800 homes were destroyed. Some people fled to high ground, only to return too early and get caught by the tsunami, he said. Fourteen bodies were found by Monday. The only aid: A fire department water truck.

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