Bloom Energy Stocks?

When new technology is developed, like Google for example, many would wish that they bought Google stocks when they were cheap.

Similarly, in a few hours something revolutionary is going to be announced by an start up energy company Bloom Energy. If their claims are true - then their stocks would be hot - it would burn - literally, hehehe.

Here's the piece of news from www.nydailynews.com:

K.R. Sridhar has an energy plan anyone could get behind - electricity in a box.

That's the promise of the "Bloom box," the fuel-cell-powered invention coming from the Silicon Valley start up, Bloom Energy.

"In five to ten years, we would like to be in every home," Sridhar told Leslie Stahl on "60 Minutes" Sunday night.

The "box" generates its power wirelessly through a combination of oxygen and a fossil fuel - natural gas, bio-gas, etc. It is presently being tested by companies such as Google, WalMart, FedEx and eBay, who have shelled out hundreds of thousands for the "green" machines, the CBS News program reported.

Read more: www.nydailynews.com

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This types of news, somehow, provides hope........

Economy and Political Gridlock

Stock markets in Europe and Asia were higher yesterday, building on Tuesday’s manufacturing data and receding anxiety over Greece’s debt problems.

While Wall Street showed signs of life i.e. it opened higher on Wednesday after reports showed that home construction rose more than expected in January and industrial production increased last month, politics in the US is spoiling the momentum build up.

Politics maybe killing whatever form of recovery or momentum is developing. Senator Evan Bayh’s comments about a dysfunctional Congress and the unwillingness of the two parties to compromise to control a national debt that is rising to dangerous heights is dampening whatever good news we got at hand. But let us set aside this worries for now. They are adults, and let us hope they know best what is good for the US of A.

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Meanwhile rivalries between China and India is heating up whit India worrying about China's various projects in South Asia. For more about this, here the link to that article.