Monday, September 29, 2008

Get bullish on Alternative Energy Stocks

The federal government has no other choice but to put forth a massive bailout plan.

When the fed does this the value of the dollar is going to decline, which will cause the prices of commodities (oil in this case) to go higher.

This will cause a long-term demand for alternative energy products. This isn't some short-term fad.

I expect solar stocks to start taking off here in the next few weeks. I'll post some charts later tonight showing how they are bottoming out and set for a take-off.

The price of oil was trading at a low of $91.11 a barrel on September 17 and it closed at $108 or so on Friday, Sept 26th. That's a gain of 18% in a week or so.

Dan Ross

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