At the top of my list of dropped stocks today you'd expect the banks. But what comes next... what, would you guess, is the biggest loser outside of the banking industry in my portfolio.
Is it the big corporations like GE who have a huge hand in banking and financing? The luxury stocks like Apple who sell expensive items that might be less appealing in a recession? No and No. It's the solar stocks.
Why? Why on earth would a crisis in the financial sector kill these renewable energy stocks.
Very simply, because it took us two years to get a passable bit of energy legislation through the senate. And now, with it sitting in the stack of bills the House needs to vote on before the session closes, it looks like we're just not going to get to around to it.