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To: RetiredNow who wrote (74894)1/17/2008 1:41:00 PM
From: John Koligman  Read Replies (1) | Respond to of 77400
 
MM, GE didn't do anything even when the market was strong, so I just don't know about that one. The solar stocks will probably take another hit if oil goes down due to economic difficulties. I'm reading more about increasing credit card difficulties that banks are seeing, and the Philly Fed numbers this morning were the worst since 2001. I have no idea how bad this will get, but the 'roach' theory often works with individual stocks, so it's something to keep in mind in regard to continuing financial problems in the economy. This one is a bit different in it's direct hit to the consumer in the form of the housing mess as compared to other past crises. By the way, just another word on shorting - the guy that just hired Alan Greenspan apprently made something like 15B doing it in his funds (Paulson)...

Regards,
John



To: RetiredNow who wrote (74894)1/17/2008 2:32:46 PM
From: Eric  Read Replies (2) | Respond to of 77400
 
The thing that is whacking the Alternative Energy sector is the non renewal of the Alternative energy incentives by Congress last month. I can't think of a better way to shoot ourselves in the foot than not renewing that law. I guess that Congress and Bush think oil is going back to $20 per bbl! It sure looks like they have placed their bet with oil and ethanol.

It's interesting that Seattle gets more solar energy per sq meter of ground than Germany does. Put that panel in the Southwest of our country and it will produce more than 4 times what it would in Germany. The Europeans are serious about tackling the energy crisis. I guess we are not.

If I remember correctly Forbes did an article about traders approximately 15 years ago.