It was a good month away from the market. I left all to the wind as I was Scuba diving in the gulf off Cozumel. The rewards from ignoring nay-Sayers was a pleasant surprise when I returned to Seattle. The present market trends are positive for basic materials and companies with interests in energy exploration. Don't let the rise in oil lead you to alternative energy sources. They are going to be in a free fall, not because of a lack of interest, but because they can not deliver at a reasonable price. As oil rises, as it should, alternative energy is still the bastard child, seeking a level relative to higher prices, but still tied to heartland harvesters. As the oil threshold rises, the cost of harvesting increases, thus the cost of corn, etal., increases as well. It is a lose-lose scenario.
PEIX is rising on hope lately, don't be swayed by holdouts. Still keep your money in big oil and support activities, even though some are moving to Dubai. The trend until the end of March is Big Oil, Refineries, and Pipelines. Sorry its been so long but I needed a break.
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