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Utilities Select Sector SPDR ETF Message Board

  • stevegoff3141 stevegoff3141 Oct 14, 2012 3:20 PM Flag

    Last one out...get the lights! no pun intended

    I would be a seller here of the major utilities in America for a multitude of reasons. Both in their stocks/investment vehicles and in their business forward frankly. High yielding stock will see exodus/flight when the div taxes go up. Massive tax breaks ending for electric utilities under Obama Alt Energy stimulus. Unemployment benefits that people get ending (the first thing people do is pay gas and electric bills with their UE checks btw) The winter months are upon us in the USA. Most people know by law that utility company's can not shut off service for non payment in them months. So they will stop paying bills over winter. Most in the industry have significant capital expenditures this year and forward. There is very very very strict rate controls coming in America also as the economic situation deteriorates further.

    Sentiment: Sell

 
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