basehitz

Time to Buy and Hold for Reflation: Four Promising Sectors

Coal stocks were one of my primary interests until I heard this quote from Obama:

Obama said "his policies would likely bankrupt the coal industry and make energy rates skyrocket "

If you've seen the damage done to drug stocks and health insurers just on the threat of pending legislation, hard to imagine what he might do to the coal industry. I saw live footage of him talking about coal. He said he wouldn't ban it's use, but would tax it to bankrupt anyone who tried. I was shocked. We get half our electricity energy from coal. Not only would it damage the coal industry, utility rates would also go higher.

Trying to outguess the radical changes being proposed is a game I don't want to play.