#Stocks – if one wants to bottom fish…

The sector to bottom fish for the long term isn’t coal, isn’t oil, isn’t fossil fuel in general, it is solar and other renewables.

No matter how much the Trump administration is going to want to pay off his blow-hard coal supporters this is still an industry with one foot in the grave and the other slipping in its own dust.

I can hear some coal boys braying but, but, but BTU (Peabody Energy, the “biggest coal company in the world”) was up 22% today to $13. Yeah.  And it may go higher short term but there is a 15-to-1 reverse split in there so it’s not out of penny stock territory and Mr. Peabody biggest-coal-company-in-the-world is also in bankruptcy.  And a lot of these last of the coal stocks are up a lot hoping for Trump but the future is the future and they don’t have much of one with coal plants still shutting down domestically and internationally the rest of the world going on with the Paris climate-change accord no matter what the U.S. does.

Coal, once a necessary evil, remains an evil investment in the death of the planet.

So here we are once again on the cusp of tomorrow and beyond.

There will be volatility but if one can stand it, there will be rewards in renewable energy in the fullness of time. And today’s pop in the sector might be the start of something big given that’s it come on bad news for the sector in general.

(right click on the charts for a larger view)

solargains2016-12-07_1729

solar_2016-12-07_1723

 

 

 

 

 

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