Wednesday, May 12, 2010

"Yes I did hear that the Senate had introduced a cap and trade bill" (PBW; TAN; FAN; GE)

Thanks for asking.
I read the short version and summary last night. What were you doing?
Folks as diverse as Climate Progress and Green Hell had "leaked" copies.
Here's the 987 page discussion draft (PDF).

My operative stance is that those companies who stand to benefit, GE comes to mind, will trade up.
The bill will either not pass or pass with so many midnight manager's amendments that it is hardly worth taking the time to dig into the behemoth right this second.

Think Copenhagen.

The symbols in the headline are a few of the ETF's (and GE) whose components would benefit.