Monday, February 20, 2012

Bullish on auto and energy industries

I am really bullish on auto and energy industries. Households in the US spend anywhere between 3000 - 4500 USD on gas per year per 2 cars. That is a lot!!! When I categorize my expenses for the year, it is our biggest expense. There has to be a way of reducing our dependence on expensive energy sources. Auto companies ought to be able to make the changes needed in their assembly lines to move in that direction. Prices are still very high but they will come down every year. TSLA might be a great buy.

So still bullish on solar and very bullish on auto industry as well.

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