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Thursday, August 6, 2009

The Grant Effect

These are Wednesdays 1 day gains!!!

First we had the Swine Flu hype.

Now we have the jump starting of the green auto industry and creation of new jobs hype.

You know the very same things that the big 3 in the auto industry failed to do themselves; now the federal government is doing it for them to the tune of 2.4 Billion Dollars.

In an article in the Wall Street Journal...

The Obama administration awarded $2.4 billion in grants to developers of next-generation car batteries and parts, a move designed to give a lift to the Big Three automakers and position the companies to lead the way in the development of a domestic electric-vehicle industry.

Some are saying that decisions were based, perhaps, on electoral maps, Political ties, and even preferential treatment. Me, I think it is a little bit of everything.

But I am not here to talk much on politics...

What I can tell you is that the stocks of the publicly traded companies included in this plan, saw a really good boost today.

So, I am creating, like I did earlier this year for the swine flu, an Energy Grant watch list.

Maybe I will pick one if I think this is the beginning of a green wave.

As you know, I just love it when hype plays into the stock market.

You can see the Complete list of all companies, public and private, and universities here.


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