The correction started by the “Panic of 2008” continued with the broad US market falling until March and then rallying to finish out the first half of 2009 close to neutral. The S&P closed 7/2 down 0.76% YTD (excluding dividends).
In general, sustainable energy stocks followed this pattern but were bid up more then the broader US market and posted some strong gains YTD as shown in the summary below. In particular, Camino’s LIGHT index posted nearly doubled indicating this strategy may have potential. See my previous post about LIGHT and I’ll comment more on this later.
Even with these gains, this volatile sector still has a long way to go to erase last year’s steep declines.