May 23, 2008 –
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RELATED TICKERS: TRN
, ENER
, FSYS
I always find it interesting to watch cnbc analysts claiming that if you strip away the financials, retailers, automakers, and homebuilders, then the S&P earnings would be up year over year. However, what if you were to strip away the energy and commodity stocks (inflationary) and leave everything else intact e.g. financials, S&P earnings would be down significantly. The current global economic environment is on the brink of collapse. The clock is ticking, and alternative energy stocks will win e.g. solar, natural gas vehicles, coal gasification, etc etc. Money will be invested in these technologies because they will be a means of survival. However, there does not appear to be front runner in how vehicles will be powered in the future. Hybrids are a good start, but run on gas/oil. New engines powered on alternative energy are in need and quickly. Ethanol is obviously not the answer. Natural gas and coal gasification technology is here today, and must be put into production ASAP. This will eliminate OPEC and keep wealth here in the US where it belongs. Wind and solar power are also critical for utilities. If you listen to T. Boone Pickens, the clock is ticking.....we need to mobilize and move fast. Until then, the market will continue to decline in the face of rising energy/food/inflation prices. [more]