Solar Power Industry Shines
The Dynamic Wealth Report
November 5, 2008
How To Profit From Obama's Presidency
by Brian T Mikes, Managing Editor
Last night I sat on my couch and watched the election returns. I’m sure
you did the same. What we witnessed was nothing short of a historic
election. This is truly an election for the record books. Now I’m not
saying that just because we elected our first ever African American
President. I’m saying that because of the voter turnout.
The number of people who cast a ballot was mind boggling.
I couldn’t believe the news reports. Voters lined up, sometimes for an
hour or more just to exercise their civic duty. What the rest of the
world witnessed was our Democracy in action. Ours is truly a Democracy
embracing everyone across the nation - regardless of race or creed.
Early estimates put the turnout at greater than 135 million Americans.
Those are record levels. One commentator noted we’d have to go back more
than a century to see those same levels. It’s truly a new chapter in
American politics.
Before I get into profiting from an Obama Presidency let me also tip my
hat to John McCain.
He ran a good race. Because of McCain and other politicians like him,
America is truly better off. He’s still a member of the Senate and no
doubt will work to bring our great nation together.
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Now, I’ll admit I have fears about Obama.
Before you get upset let me say this. I’d have the same fears no matter
the winner. I’m wondering what campaign promises will Obama keep? Which
ones will he break?
I still remember George Bush’s promise (George Sr. that is) “Read my
lips, No new taxes!” I can hear it in my mind. It’s a promise that was
quickly broken. How quickly will our president-elect break his first
promise?
I started thinking about Obama’s presidency. How will he handle the
financial crisis? What will he do with taxes? Is he going to help
business or hurt business? The list went on and on. Three key topics
jumped out at me.
The financial crisis, the war in Iraq, and our quest for energy
independence. It doesn’t seem like these are related, but in my mind
they are all linked together.
It’s these three topics that point me to a great investment. One that
should prosper under an Obama administration.
First the financial crisis. It has many roots, but regardless of its
cause it’s costing our country hundreds of billions (maybe a trillion or
more!). It doesn’t matter how Obama or Congress decides to cure the
crisis. The government’s going to need to tighten down on spending.
This economic bailout is truly taxing the limits of our country’s
wallet. As a result, Obama’s going to need to cut costs. He’ll only be
able to raise taxes so far. Probably the easiest cost to identify and
eliminate - the war in Iraq.
We’re in Iraq for two reasons, terrorism and oil. We’ll be fighting
terrorism for the next century. Being on the ground in Iraq might not be
the best solution. Oil is the bigger reason we’re in Iraq. Oil’s needed
to run our great economic engine. We’ll only be able to break from the
Middle East by breaking our addiction to oil.
This means alternative energy.
Obama’s claimed to support various alternative energy solutions. If he’s
able to put his support (and that of congress) behind a comprehensive
plan for energy independence we’ll be a better country for it. We’d see
major strides in the development of alternative energy almost overnight.
The poster child of alternative energy? Solar power.
Solar’s been held up as the holy grail by government and businesses
alike. I’d expect to see more government mandates for deployment of
solar. We’ll see more federally funded development programs to make
solar cheaper and cost effective. We might even see tax credits for the
homeowners installing solar.
All of this tells me the solar industry’s about to shine.
I was going to highlight two of the biggest and best solar companies out
there. But instead of making specific investments, why not capture the
whole industry. Claymore recently launched a solar ETF called the
Claymore/MAC Global Solar Energy (TAN) fund.
They hold 33 of the top solar companies around the globe. The fund is
small with less than $200 million in assets, but don’t let that scare
you. I think with an Obama Presidency you’ll see these solar companies
shine more than ever!
• Gold ($750 an oz.)
After reaching close to $1,000 an ounce in July, the precious metal has
fallen some 25% in value. This is counterintuitive as economic turmoil
traditionally drives up the value of gold. The best explanation I could
find . . . the strengthening US Dollar is causing gold to fall in value.
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