How about those Green stocks?
From
The Market Oracle:
Green Energy Stocks 90% Price Collapse
In late 2007 the RENIXX index of 30 leading clean energy stocks reached its peak: since then it has almost constantly fallen, and to early December 2012 has lost more than 90% against the peak.
Explaining the fall through 2010-2012 could seem difficult. Other stock indices outside the renewable energy sector covered by RENIXX, which includes a few diversified companies operating in fuel cells, power transmission, biotech and smart metering as well as wind and solar, have shown sometimes massive recovery and growth since the 2008-2009 stock panic. The bounce was of course a fake and lent heavily on extreme or massive government handouts and bailouts, but why did it not also tweak green energy stocks?
What happens when a business without a real model gets promoted with government subsidies. Pump and dump.
Posted by DaveH at December 13, 2012 10:16 AM