Plash, I looked at solars as a plausible way to create electricity. Somehow, I bought in. I guess because I really do surf and see the degradation of water quality (sometimes air) up close and, well, you know...
Financially, I guess I always tried to believe that a company's reports were to be believed. With P/Es of 3 or 4, most Chinese solars seemed ridiculously undervalued Yet, their profits were always judged on a different scale. An unfair scale, unless there is some truth to the rumors...
Never considered that solar energy stocks were, collectively, at a low point and that POMO would float even these boats.
I do believe that there is no interest in solars, right now. Yet, in the very short term, all of these stocks are oversold, technically. Still, no telling which way they go.
Personally, I don't believe that the Republicans are smart enough to back off and all the debt-ceiling to rise before, well, really, several days before August 2nd. They want something very extreme that would destroy, not only the stock and bond markets, but almost our entire economy. After six months it would, anyway.
