Alternative Energy/Financials

Well there's no doubt it's good to see financials recovering a little. I think it's probably too early to say we've hit bottom and the worst is over. Like it was posted earlier, there is a good chance more writedowns will come and rumors of bankruptcy for various banks will probably continue. I didn't get a chance to really follow what was happening in the markets today, but my impression of these last two days is that people are recognizing the sell-off is overdone and confidence is creeping back....lets just hope oil stays under control to keep this going!

I like the idea of watching wind power related stocks as well. I feel like solar energy has been hyped up so much that other alternative energy methods have been neglected slightly. As for the list Cramer (ahem) I mean Andrew provided, I definitely think the companies like Owens Corning and Thomas & Betts that produce the electrical components for wind power will benefit from an increasing interest in this form of alternative energy, but I like Woodward Governor and Broadwind Energy for some good possible gains. Broadwind has clearly ran up significantly over the past year which means it will probably be pretty volatile, but it sounds like their company is pretty focused on only manufacturing parts that go directly to creation of wind turbines. Woodward, from a technical perspective, has a pretty attractive chart and has made solid gains over the past ten years, maybe indicating it is a well run company. Again, I haven't really done any research but I plan on looking more into what makes these companies possible winners. That's just my thoughts.

I'll definitely be watching Yahoo closely tomorrow, this fiasco has been going on for so long now--I think Icahn's patience is wearing thin and Microsoft has billions in cash sitting around and has the ability to make it happen, and clearly wants to make a move...problem is ordinary investors will miss the big gain if your waiting for news...so invest now if you're feeling lucky...or wanna gamble.