Jim Stanton says two clean-energy ETFs that look undervalued right now are PBW and GEX. He also recommends FAN for a more wind-specific ETF.

Investing icon Warren Buffett took his own advice Tuesday - getting “greedy when others are fearful” - when he ignored the banking-sector bonfire and slapped down a cool $5 billion for a stake in Goldman Sachs Group Inc. (GS).

Hank Paulson wants to spend $700 billion to buy up banks bad debt in the hope it can ‘fix’ the crisis on Wall Street. But there are ways to profit from the madness. Martin Hutchinson has picked three winners.

The lesson to be learned from Wall Street’s hubris, says Eric Fry at Rude Awakening, is that although stocks can be ruined by over zealous management, commodities cannot. Stupidity is not a risk factor in the commodities sector. And this makes them attractive despite their recent selloff.

What a wild ride today. The Dow Jones Industrial Average fell more than 500 points today on a slough of bad news in the financial sector. I asked my friends on Twitter for a recap and below I think you will find a well written market summary.

September 15, 2008
By Jamie Dlugosch, Editor, InvestorPlace

For years, investors have bemoaned the low dividend yield on stocks. But with the market down roughly 20%, the yield on the S&P 500 Index is up to 2.25%. That doesn’t sound terribly rich, I know, but it is only slightly less than the average money market is paying right now.

Your humble editor is skeptical that this latest financial rally will turn out to be anything of substance… except another shorting opportunity when the time is right.

So, what is your greatest wealth building asset? Everyone is born with it. Few realize its importance until they lose most of it. The asset is so valuable it can't be bought. Your most valuable wealth building asset is ...

BAC, Bank of America is one stock that I expect to have a sharp rally from here. I did sell it caused by a short term sell signal at 23.80 after buying it only yesterday morning at 21.17, so a 12.31% profit was gained.

Middle Eastern countries know their oil supplies aren’t going to last forever. So they’re pumping more than $2 trillion into new, long-term economic projects - such as brand new cities that will function as both business and vacation hot spots.

Countrywide shot up over 10% in early morning trading as the cost of protecting their debt against default fell for a second day in a row on growing confidence that Bank of America will proceed with its acquisition. The market was also glad to hear that David Sambol will retire as president of Countrywide after its acquisition by Bank of America.

Excerpt from the Hussman Funds' Weekly Market Comment (2/19/08):

Bank of America is undervalued today but it may still be possible to get it at a discount to current prices

Bank of America thought they were getting a bargain back in August. Low and behold, it was horribly misjudged by BAC.
As CFC neared risk of defaulting again in January 2008, BAC had to come up with a rescue plan to bail em out. So, what did they do, BAC took them under their parental wing and bought em out. It might best be summated as an unpleasant marriage of inconvenience.

Q4 07 Earnings from C and MER were expected to bomb so badly they could be best described as "Shock and Awe" earnings announements. Bearish Sentiment preceding these announcements were at an extreme not seen since the Oct 1990 war in Iraw that prompted a 20% correction in the stock market.