Investor Alert: Get Ready for Next Week's Big Announcement
Probably next Thursday, Earth Day, the Kerry-Graham-Liberman climate-change bill will be announced by Obama at the White House. Every “green” stock traded on Wall Street should benefit, although the impact could be only temporary. Expect electric utilities to sell off, along with oil and gas marketers. Look for Republicans to jump all over the likely 15-cent-a-gallon increase at the pump, as well as an increase in everyone’s monthly electric bills.