Today alot of cash was pulled out of stocks. Maybe there will be more selling tomorrow.
At some point some, at least, of that money is going to go back into the market. Where is it going to go? Exxon was down 8.3% today, and other "Big Oil" suffered as much or more.
Ok, so LDK was down 15+%, but that's normal for LDK. What happened to Exxon isn't normal. In LDK's case, 5.11 Million Shares traded on average around $32 per Share. So, $163 Million traded hands on LDK, whereas $4.5 Billion traded on Exxon alone. The same kind of ratios apply to other companies in the Solar and Oil Industries.
The conclusion? Yeah, I don't know. The Markets are dangerous right now, but if reality sets in, it's a pretty safe bet that some of that money from the Oil Behemoths will spill onto World Solar. Big Money is simply UNABLE to make significant investment into this little critical industry without sending prices through the roof. We're seeing how long they can hold off, right now.
Tuesday, September 30, 2008
Thought for the day - 9/29/08
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