I got into the office yesterday morning, knowing full well it was not going to be good. Not that it would've taken a rocket scientist to figure that one out.
The proverbial poop hit the fan, and even with the Fed stepping in and the President determined to push through his stimulus package ASAP, rising unemployment, a falling dollar, and years of unaccountability in the mortgage sector (as well as an extraordinary lack of personal responsibility taken on by consumers), still led to a brutal market meltdown.
Of course the market did fight to maintain some control, climbing back from a devastating drop in the morning. So did we hit the bottom?
Who knows for sure?
But at current levels, we are certainly seeing some incredible buying opportunities. Because while the market sell-off left few unscathed, the cream always rises to the top.
And this especially holds true in the alternative energy sector.
Dynamic Fuel Systems Ready to make a stand
Go DYA