All broader markets and commodities, except EAFA, ended the week down. Sustainable indices were generally up with the exception of LED & Lighting.
The LED & Lighting sector showed vulnerabilty to global economic conditions. Both Orion Energy Systems (OESX) and Rubicon Tehcnology (RBCN) reported third quarter results and both stocks fell sharply on the week dragging the sector down. Rubicon reported they expect a 4th quarter loss and Orioin expects 2009 sales to be about 15% lower than 2008. In both cases management noted softness in customer demand arising from economic conditions. Judging by investor response to these reports, this sector, which is down 64% since April 1, 2008, might have further to fall.