This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

If Global-Warming Fears Die, These Companies Win


I'm skeptical about most things, and it serves me well in the world of finance. I look at company filings, press releases and analysts with a critical eye, and especially at stocks that have gained more enthusiasm than substance.

Being skeptical is a exceptionally smart thing as long as you don't go "over the edge". It's not easy to be skeptical when you listen to NPR, and the speakers are claiming a consensus of scientists and the IPCC claims there is over a 90% confidence level that humans are more or less destroying the atmosphere.

Some skeptics would make a better argument if they just didn't write or say anything, but allow me to take a step back to when this issue actually caught my attention.

Like many people I have talked to, the global warming issue wasn't something I gave a lot of thought to until I watched the video "An Inconvenient Truth", but unlike many people, I saw through the obvious emotional exploitation of using Al Gore's son and sister. But hey, it's not science class, and I know people make decisions based on emotion and justify them with logic, not the other way around, so I let that go.

What did bother me were claims that 10 of the last 14 years were the hottest in history. Actually he said something closer to "...hottest in recorded history," and it was at that point I knew everything stated became suspect.

During January, the same area I plow snow off my driveway was a tropical swamp in times past. Because the area I live in was once much warmer than now, we have two problems in the video.

The first is obvious, that starting and or ending points are cherry picked to make the global warming case, and if not, the sample size is too small. We see the same in finance, especially brochures for mutual funds touting their five-year performances and claims of stability.

Often the dates used to advertise impressive results/stability are not the starting dates, but rather dates that give the impression the fund has a much stronger history than if they use the fund's starting date. Using ice-core samples, we can go back a long time, so why only use a relatively short recent time frame? Remember this image? It's received a lot of press.

2 of 4

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs