Thursday, May 20, 2010

OPEN

(stock #'s in %)

S&P is busted, Dow has found its 200-days and under now. Only Naz is still above its 200's. Seems too soon to pick up bargains. BSRC down 19. LSCG up another 15 though. VLNC up 1 on contract news. APWR down another 8. CSIQ down 6 more.

Will there be good news to turn this around? Doubt it. April leading indicators came in down .01%. Again, a 20% correction from the recent highs gives a Dow of about 9k. Maybe another month to get there. Then the elections start to gear up, so more fire added to the fire. But also by then we may have the financial reform bill passed and maybe even the cap and trade energy bill which would give carbon a price. Which would bring investors back to clean energy because coal then would be as much as wind and closer to solar. Anyway, looks so far like a good day in cash. Obviously, I've never shorted a stock.

NPWZ down 13, back at its low. LSCG up only 5 now. NEWN down 8, sitting on its 200-days. AEHI down 9.

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