Solar stocks plunge amid Wall Street sell-off despite recent tax credit extensions
-- Solar stocks continued to plunge Monday as investor worries about tight credit markets outweighed optimism about newly enacted long-term tax credits for the fledgling industry....MORE
Here's our comment from yesterday's post "Where Do We Go From Here 'Climate Change Stocks Fall More than Wider Market'":
...For the record I believe we're setting the stage for an upward run in both the overall market and the renewable energy groups that will be followed by a third leg down in the broader market. I'll flesh out this thinking over the next week or so.And:
...RUT down 10%, TAN down ~39%. That's about as ugly a relative performance as you will see, short of an index of bankruptcies*. This relationship is very close to reversing. More to come....