Sara Palin killed the Stock Market
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?