iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,426 Blog Posts

President Trump Said He Was Gonna Build a Solar Powered Mexican Border Wall and Idiots Went Out and Bought Solar Stocks

The innovation in the solar panel industry is encouraging. However, the recent ape-raping run, after Trump said he’d build a solar border wall, is ridiculous.

“THE HIGHER IS GOES, THE MORE VALUABLE IT IS.”

“MEXICO WILL HAVE TO PAY MUCH LESS MONEY.”

Get the fuck out of here with this orange fantasy. We’re never going to build a border wall, let alone one made with solar panels. The fucking Mexicans will shred that thing to pieces, stealing all of the valuable components.

For the week, based on this news, solar stocks careened higher by 10%. This is the most overbought the sector has been in a long time, according to Exodus.

The valuation of the industry is reasonable, but that doesn’t mean it’s ready to go on an extended run higher. With oil collapsing, there is less incentive for energy alternatives.

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11 comments

  1. bushwacker2

    “With oil collapsing, there is less incentive for energy alternatives.”

    That logic makes no sense to the greenies. “Saving the planet” from toxic CO2 is incentive enough.

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  2. probucks

    nor is there any futher reason to be bullish on Tesla with the expectation that crude is an outdated energy source.

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  3. ferd

    FSLR has a beautiful long technical set-up …just sold in hopes it comes in as the sector comes in here.

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  4. moonshot

    What’s the latest in solar powered laser cannons?

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  5. sarcrilege

    Ppl are so easily manipulated. No wonder Goldman can muppet clients on weekly basis with their sell side front running bullshit.

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  6. moosh

    Didn’t we discuss this idea months and months ago here? We also make the wall, which Mexico now pays less for, like a huge technologically advanced bug zapper that renders you incapacitated and shitting all over yourself – upon any close proximity

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    • Cricket

      Point solar-powered microwave devices towards the Mexican side. Will turn anyone into a zombie within minutes. Better than a frontal lobotomy.

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