You know what they say about bull markets…
There’s always one somewhere. And rest assured, we’ll find it.
In fact, if you pay attention to President Obama long enough, he’ll lead you to the opportunities himself.
Check out LED technology, for example, which "just got a bit brighter" thanks to the President. (Pardon the pun.)
You see, in announcing the latest energy efficiency efforts, Obama said one of the new steps is to set new efficiency standards on fluorescent and incandescent lighting. "Now I know light bulbs may not seem sexy," said Obama, "but this simple action holds enormous promise because 7 percent of all the energy consumed in America is used to light our homes and our businesses.
"Between 2012 and 2042, these new standards will save consumers up to $4 billion a year, conserve enough electricity to power every home in America for 10 months, reduce emissions equal to the amount produced by 166 million cars each year, and eliminate the need for as many as 14 coal-fired power plants.
"And by the way, we’re going to start here at the White House. Secretary Chu has already started to take a look at our light bulbs, and we’re going to see what we need to replace them with energy-efficient light bulbs."
And that sounds like an LED push to me.
But to understand why it’ll pay to be bullish on LED technology stocks, we have to go back to December 2007.
That’s when President Bush inked an 822-page energy measure that included a future ban on 100-watt incandescent bulbs by 2012.
It was intended to make way for bulbs that use 25% to 30% less energy, lop an estimated $18 billion off annual U.S. electric bills, and cut consumer electricity usage by 60%.
Even American Technology Corporation CEO Richard Prati agreed, saying LED technology would grow "astronomically" in coming years. He even believed LED technology would proliferate like Internet companies did in the 1990s, and that LED could save consumers up to 90% on energy bills.
And we’re not talking about small industry growth either. In 2005, the LED industry was valued at $205 million. By 2011, it could be valued as high as $1 billion — 388% growth in six short years.
There’ll be plenty of demand, and possibly tight supply, which will benefit LED companies. But if we name the companies here, we risk "jacking" prices too high.
However, you can find more information and the names of two LED companies (on radar) in the latest alert from Pure Asset Trader.
Ian L. Cooper
P.S. In case you missed any of our top stories from Wealth Daily and our sister publications, we’ve included them here:
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