This is really sad for those who believe in a future of green energy, but for investors has sent a clear message: the Green Bubble has burst. Solar City delayed their IPO, Solyndra and others are wrecks of a solar bubble, and Tesla may become the only electric car company standing as Fisker is now in deep financial trouble. The renewable energy stocks are down an astounding 98% from their peak, showing the signature of a parabolic rise into a bubble and a fast linear collapse:
The Real Bond King, Yves Lamoureux, in this video expects a final run up for stocks, in an epic Wave 5 (of 5 of 5): a big wave up that is driven by an increasingly narrow set of leadership stocks, and fueled by a narrowing number of inverstors as most will sit this out. Yves see this as a rotation out of bonds and into other asset classes. The bond market is 10x larger than stocks, so a small distribution from bonds can have a big impact on stocks. Timing: after the current wave 4 correction runs its course. This is similar to the Yelnick View that a final thrust will take us back to the S&P 1550-1600 range, forming a dramatic triple top with 2000 and 2007.