So, if you're paying attention, you'll know that I haven't yet resolved the Clean Energy Index, but I have created the index based on Capitalisation. I look at it most days, but I'll really just using it as a stand in and to learn about the different companies which make up the mix. Which means I can't really answer that question, however, looking at the cap index, after 9 months of nearly consistent decline, the index bounced up nearly 10% in the last week.
If you look at the image below, you'd probably suggest that the bounce is more related to the confidence that has returned to the share market in the last week or so. I've read that the market has already priced in the effects of the carbon tax, although I am rather skeptical of these kinds of statements, but perhaps stock traders are a lot cleverer than I give them credit for.
Today the 'cap' index moved up by 1.1%. I have no idea if that is a lot or a little for one day, but we'll see how it goes compared to the ASX200 over the next couple of days.
If you look at the image below, you'd probably suggest that the bounce is more related to the confidence that has returned to the share market in the last week or so. I've read that the market has already priced in the effects of the carbon tax, although I am rather skeptical of these kinds of statements, but perhaps stock traders are a lot cleverer than I give them credit for.
Today the 'cap' index moved up by 1.1%. I have no idea if that is a lot or a little for one day, but we'll see how it goes compared to the ASX200 over the next couple of days.
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