Excerpt from Cabot Green Investor Update 5//08
By
Brendan Coffey, Editor of
Cabot Green InvestorA slightly weaker week overall in the Green sector and technical indicators continue to be mixed. Overall, the outlook is improved over just a few weeks ago and we’re hopeful that the market is continuing to build a strong base from which to work up from.
The primary news in Green continues to be record oil and gasoline prices—the average price at the pump hit a record high nationally this week, touching $3.645, according to AAA. Taking less notice is a prediction Monday by the federally supported National Snow & Ice Center that the North Pole has a decent shot at being ice-free this summer. Yikes.
Our update on the Cabot Green Investor portfolio shows some good gainers today.
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