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  • It's Official: Renewable Energy Tax Credits Here to Stay [View article]
    This is excellent news for solar. In normal times solar stocks would rally. But, we've entered the insanity zone for stocks where good is bad, up is down, and we've walked to the edge of the Grand Canyon and looked down.

    Hedge funds are dumping stocks in mass because they got caught on the wrong side of the commodities crash. Many investors are in the "fetal position" waiting for this to blow over. Banks refuse to lend money to people with down-payments and 700 credit scores. And, the list goes on.

    When this insanity stops (I guess mid 2009), solar stocks are going to take off. How can they not with US tax credits in full force. The US is the “800 lb gorilla” in the world solar market and now it is on track to pull the rest of the world with it. Grid parity here we come.

    Hang in there solar investors. You only have about 9 more months until you can come out of the fetal position.
    Oct 06 10:46 am |Rating: 0 0
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