It's typically held that the market will price in all current information. To avowed economists, this means markets can virtually predict the future. If you buy that logic, the market may be signaling something environmentally positive about coal and carbon legislation. This from Greenwire ($ub. rqd): Citing high input costs, weather and environmental concerns, the global bank Citigroup yesterday downgraded coal stocks across the board and shaved earnings estimates and targets for Peabody Energy (NYSE: BTU), Arch Coal Inc. (NYSE: ACI) and Foundation Coal Holdings Inc. (NYSE: FCL). In a metals and mining report to investors, Citi analyst John Hill …
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Sean Casten is president & CEO of Recycled Energy Development, LLC, a company devoted to profitably reducing greenhouse emissions.
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