Alternative Energy Today

Alternative energy stocks closed on the downside as a plummeting Dow sucked the life out of the entire market and people ran for the cover of cash.  Disappointing jobless new coupled with lackluster retail sales triggered the sell off as and the bear rally was unstoppable. The Dow ended down 2.99% at 11,188.23.  The fact [...]

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Alternative energy stocks closed on the downside as oil dropped sharply again today to close at $109.71.  The ensuing drop in the oil sector killed an early Dow rally and the Index ended the day down .23% at 11,516.92.
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The mysterious recession being searched for by Democrats everywhere once again eluded capture as the Commerce Department released a report saying that the US gross domestic product (GDP) grew at a 3.3 percent annual rate, well beyond economist’s expectations. In response the Dow continued its upward movement adding 1.85% to end the day at 11,715.18. [...]

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Once again the Dow was lifted by rising oil as Gustav bears down on the gulf oil fields, durable goods orders showing a surprising increase and Fannae Mae and Freddie Mac getting some favorable opinions. The Industrial Averages closed up .79% to 11,502.51 to .  With supply a concern due to Gustav, oil closed up [...]

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Solar and Biofuel were the contrarians again today but in the opposite direction as the rising Dow tide lifted all the alternative energy stocks except for solar and biofuel which found themselves slipping ‘neath the metaphorical waves to close down.  The Dow, propelled by strengthening energy stocks due to rising oil prices thanks to Gustavian [...]

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Solar and Biofuel were the only alternative energy stock sectors to close to the upside as most sectors fell in sympathy with the Dow’s 2.08% drop today on banking worries and concern regarding international industrial growth. Oil traded up 0.5% at $115.20 today as OPEC floated it was discussing cutting production. This further confirms the [...]

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Alternative energy stocks closed mixed with an upward bias as the Dow made a modest recovery led by oil and metals following predictions of a 29% increase in the price of oil by the end of the year. Oil made an upward move early only to collapse mid day then stage yet another rally closing [...]

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Alternative energy stocks closed on the downside again today as inflation concerns coupled with nervousness surrounding Fannie Mae and Freddie Mac took the Dow down another 1.14% to close at 11,348.55.  Oil appeared to be consolidating as it briefly ran up to the $116 mark before falling back and closing at $114.53 still up for [...]

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Alternative energy stocks closed on the downside today as the Dow took a 1.55% hit over renewed concerns about the health of Freddie Mac and Fannie Mae and banks in general and closed at 11,479.39.   Oil strengthened early but fell sharply over weather concerns but fell sharply midday to $112 before rebounding back to [...]

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Solar energy stocks claimed the spotlight today as alternative energy stocks closed to the upside as the Dow kept in the green but just barely closing up .38% at 11,659.90.  Hopes of increasing consumer confidence were spurred by lower futures prices and oil continuing its decline toward the $100 mark. Oil fell sharply today into [...]

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