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Varchild2008 (83.79)

Sara Palin killed the Stock Market

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September 04, 2008 – Comments (5) | RELATED TICKERS: FSLR , DNA , X

Just when things were rather tame....some up days on the dow...some down days.... But essentially the Market was already pricing in Barack Obama as president of the united states.

So... Wall Street was sitting pretty with focusing on smart investing strategies....

When lo and behold... Sara Palin and her eloquent speech blows the roof off the RNC Excel Energy stadium and changes everything!

Now we have to deal with John McCain as the more likely to win the presidency and Wall Street is running around with their heads cut off not knowing what to do with themselves.

So we have ourselves a massive panic attack.  Oh my God... Oh my God... Death to Commodities!
Death to Steel and Mining!   Death to Financials again!  Death to even Health Care stocks!  Nothing shall escape the wrath of a confused Wall Street!

But...after the bell on Friday....Wall Street will have finished throwing a temper tantrum and deal with reality again.

For Sara Palin... the *Fear* is palpable about the implications of what she will do to shake up energy companies, and other businesses as she fights for More Fair Competition as she did in her BIG State of Alaska.  She fought against the energy companies against rising prices and with the support of the people behind her paved the way for more competitors to strive to provide competitive pricing.

Based on this one would wonder about all sorts of Large Caps Players in the Alternative Energy Sector.

That is why it is interesting to note that FSLR is down more than 11$ today after having crashed yesterday about the same amount.

We are seeing a massive P/E Multiple Meltdown in virtually all sectors tied to Energy and well aren't they all?

5 Comments – Post Your Own

#1) On September 04, 2008 at 3:15 PM, LordZ wrote:

Surely you are joking ?

The market is killing itself.

Soon everything will be dollar stocks.

HA ha ha ha ha

 

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#2) On September 04, 2008 at 3:18 PM, thepull (99.43) wrote:

I'm glad caps is getting theonion.com articles.

 

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#3) On September 04, 2008 at 4:02 PM, Varchild2008 (83.79) wrote:

Obviously, I meant for this to sound ridiculous.

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#4) On September 04, 2008 at 5:29 PM, oldfashionedway (35.53) wrote:

Let her get ELECTED first- then you can blame her for the economic meltdown. 

It seems to me the inspiration for Mr, Market's tantrum could be Bill Gross begging for a government handout.

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#5) On September 04, 2008 at 5:44 PM, TheGarcipian (42.84) wrote:

Ha, that was pretty good. If McCain/Palin get into office, it will be very good for oil stocks, make no doubt about that. While Palin spews how she took on oil companies as governor, it wasn't about broadening our reach to alternative fuels or being environmentally friendly, but about how the profits would be split up and how their taxes would be lowered. She's a self-proclaimed disbeliever in global warming, even as she loses more of her state's land mass to the Artic Ocean every year. The only green in her candidacy is an appetite for bringing in more money for her oil-dependent state (can't blame her there) and the eyeshadow. Meanwhile, McCain's hindside got branded this past June (with the big "Lazy O", as Thomas Friedman wrote in yesterday's NYTimes editorial) when the reps of Big Oil made sure he was in their pocket, making him vow to turn away from his green policies. Any references by this pair to alternative fuels are half-truth lip-service at best, and outright lies at worse. You can count the Big Oil men in their 10-gallon hats in the front rows of the RNC last night. Look for them; they're very easy to spot.

This combination of "The Old Man and his Trophy Vice" (as some are calling them now) will virtually guarantee our addiction to oil continues. Russia & Iran are very excited about having this pair elected, not because of democratic principles being in jeopardy but because it will detract us from investing in alternative energies. When we've tapped out ANR in 3 years (if that long), we'll be back at the table with Russia & Iran owning more of the remaining world's supply of oil, but it will be at even more elevated price by then (greater demand, less supply). Without any investment in alternative fuels research, we will be in a worse situation than we are now.

This is a very good thing for my real-world picks of XOM, HERO, MDR, MCF, OII, and DO. Wahoo!  (And no, I'm not kidding about any of this...). Invest accordingly.

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