It was a short week on the market, but that doesn't mean there weren't plenty of moves for the 10% Promise Team to mull over. Here are two that caught my attention.
Solar investors will cling to anything
When Germany announced last weekend that it will close all of its nuclear plants by 2022, solar stocks took that as great news. LDK Solar
I'm a solar investor, but these kinds of moves just show how jumpy we can be. Dangle a shiny penny in front of us and we'll leap over tall buildings to get it.
The move in Germany doesn't guarantee that solar energy will be an even bigger part of the country's energy portfolio. Germany is the world leader in solar, and more than anything, this may only mean that demand won't drop significantly in the next 10 years. I would be much more excited if the United States, China, or India gave some concrete incentives to increase demand instead of speculating on what a declining nuclear industry means in Germany.
But we're solar investors. We'll jump on anything.
No one gets a discount on these stocks
Ready for my mind-blowing, paradoxically ironic revelation of the week? Online discounters have the most expensive stocks on the market.
Want to buy into travel and local-deal maker Travelzoo
I'm not sure if this means we're heading for another bubble in Internet stocks, but it sure does show how much investors will pay for an explosive growth curve.
I am smarter than I was last week … or so I'll tell myself
Solar investors will always live on the highs or lows of the industry, but this week shows just how quickly the stocks can move without any real financial news. If you're looking to get into solar stocks, sit tight and wait for a feed-in tariff cut in Germany or a desert tortoise lawsuit in California. The market will freak out, and you'll have a perfect buying opportunity.
As for Internet stocks, I've given up trying to figure out what they're going to do. All I know is that if I would have started an online discount company five years ago, I'd have my island in the Caribbean by now.