The first four trading days of September have been brutal. At today's lows we've seen declines of:
FSLR... 20.8%%
YGE..... 20.6%
TSL...... 20.1%
STP...... 19.4%
LDK..... 18.6%
SPWR...17.5%
ENER ...17.0%
Basically a bear market in 3 1/2 trading days.
So we can look for a bounce but think of these names as a trade; bear markets can suck you in. When I first came to the market, one of the older traders told me he was saved in the '73-'74 bear by a cartoon:
(click to enlarge)
That's Alfred Frueh's January 16, 1932 New Yorker classic, "Just around the Corner", commenting on President Hoover's statement that "Prosperity is just around the corner".
