10 Week Recap!

It has been turbulent the last 10 weeks! Everything was expected, if you were a avid reader of HousingPANIC you saw this coming. We saw oil prices decline and an a steady downward curve, from a High of $147 in July. Wow, what a relief for Hummer owners! This will be short lived because of what will be coming down the tubes, but I will get into this later.

What was really surprising, the collapse of Fannie Mae, and Freddie Mac! Recent articles are stating the first $100 Billion Dollar injection wasn't enough! Hope they can bleed this country dry before its to late to save our 401Ks. We had Washington Mutual, AIG, who cares right? The market crashed 40% this past year, and mostly shedding points in the last couple of weeks. Barky was elected president, big surprise right? I am from Chicago, and I will tell you I avoided the downtown area at all costs. He does have this agenda to create green collar jobs, which is a plus, because I hope all my readers are on board this green wave. Its good to know that somebody other then Bush cares about, or Understands some of our passions. Green is Finally in!

I really don't want to dive into the financial because HP or SootAndAshes Job to fill you in. My job is to show you my progress and inside green wave scoop! Thats right, I want to give you the most comprehensive information related to green! But here are the facts according to EP ( EnergyPanic )

Cheap oil = Death of renewable energy!

 

Here is Evergreen Solar. They have plummeted from peaks in trading. You didn't expected a Stock Pick? Well I am going to be diving into Green Companies too!

We cannot really be sure where the markets are going but one thing is certain. Just like when the transition teams where bringing Regan into power, they dismantled Jimmy Carters energy goals. We are backwards people! All the major players in some of those early Renewable Fields imploded in collapsed. This trend is likely to continue as we see a steady decline in financial markets. One of the biggest solar Players is First Solar. Check our there chart:

 

This past May, First Solar was trading above $300 a share! This player is tumbling down, because they are not justifying their share price. If this hits 50 might start looking like a sexy buy. I won't even dare to purchase this stock unless it hit under 20. I would buy at 10!!! We'll see but who knows where we are going in this financial term-oil.

Please stay tuned, more Updates are coming soon, and I will explain more things going on in my life. I am work on starting some local green projects, and I believe that will spawn a new blog, and community with a interesting green dynamic, also I am working on my LEED, baby! Thats right, and I will provide a guide to getting your LEED too! Thanks again, and good luck!