JJC:   This show is about making money... Some people want to keep you from making money, they want to bet against you if you own stocks... These people are called short sellers... They profit from when your stocks go down... There's nothing wrong with that... I shorted stocks, myself when I worked in money management... It's perfectly legal... But, for the last year, the shorts have had too much of an edge over you as a stock owner because the SEC hasn't been doing its job enforcing laws that protect you... The short sellers have been knocking your stocks down left and right with impunity... They've been ripping your lungs out... The SEC woke up today and said it might start enforcing laws that protect you from short selling rip offs, at least when it comes to some of the financials... I'm going to give you the whole skinny later in the show about how the tables may soon be turned in your favor, and even how you can help them be turned... But tonight, let's first talk about making money, not just protecting it... I think Thursday, that's right, this week's Thursday, is going to be a landmark day for Wind Power... Wind Power!... our favorite source of renewable energy... that's clean and cheap and at only $.04 a kilowatt, wow!... What a steal... Why is it a big day?...

Because of Docket number 33672 of the Texas public utility commission... The wind power initiative, for what I think is the most important wind state in the union... I am confident that when we look back at this week, we'll be saying, Remember Docket number 36672, like we say, Remember the Alamo... Ah, maybe not... But the great state of Texas is planning to move the biggest bottleneck to the creation of wind farms... Just like this one, that props came up with... Now, the difficulty connecting these farms, which are in remote areas, to the electric grid, is what Thursday's commission is going to be talking about... The commission is planning to discuss and could issue a final order to create eight repetitive renewable energy zones, the plan which will be huge, huge, for companies with wind exposure, is to build out grid infrastructure first, so that companies will come in and develop wind farms without the fear of being permanently cut off from the grid... I think this will be a gigantic catalyst for this nascent industry, even bigger, well I don't know, yeah, even bigger than those great Boone Pickens ads...

All right, so I'm not Boone Pickens, but I've got a great pinwheel... The plan should send the wind stocks higher... All of them... The great thing about this Texas project is that it sets a precedent of government support for state wind power that I think could be easily duplicated in other states... It makes a much safer prospect to build wind forums... I say, Look out, Holland, Texas could become the next windmill king... All right, so with this in mind, I want to revisit the Mad Money Windex, which has been absolutely hammered over the last month and a half and took even more damage today as oil plummeted, people dumped wind stocks like the whole story was over, when in fact, as of Thursday, the wind power thesis will be better than ever... The Mad Money wind index is a group of ten stocks levered to the growth of wind power that I picked out on May 28th, which I believe is an accurate indicator of the overall wind trend...

Since then, the stock market has plummeted, and our Windex is down too, it's down 11.8% percent, and today, with oil down, these wind stocks are being sold as though no one will ever think of using wind power because of a pull back in crude... The index is not levered, for heavens sake, to crude... It's levered to public utility commissions all over America... And they will take their cue from this hearing and several others in the coming months in Texas that will put wind front and center... Because there are only a handful of stocks that are truly plays on wind, we had to go looking for stocks that had smaller wind businesses... We couldn't just come up with, you know... It's not like there is just the wind company... It doesn't happen... We've got ones that we expect to grow quickly because of the wind boom... That's part of the reason why the wind index is down so hard... A lot of the stocks in it are levered to industrial activity... When I say levered, I mean they're geared to, they're sensitive to industrial activity... And those are some of the stocks that have been really crushed lately...

So in the wind index we've got Trinity Industries Inc. (TRN), a stock that I own for my charitable trust where I play with an open hand... That's down 19.7%... The railcar company with a side line in making wind towers that we think is worth as much as the whole railcar business... And you know what?... We think it better be because from what we can see, the tank car business is just plain bad...

We've got Thomas & Betts Corp. (TNB), down 19%... Another industrial player that makes electrical components... But since it does it for wind towers too, we still like it...

Owens Corning (OC), now we had the CEO on, we know things are doing great there... That's a consummate new tech stock that makes the composite materials for the blades of windmills, that's down 20%...

Clipper Windpower (CRPWF.PK), down 22%... I think that's because this one is a turn around story...

Kaydon Corporation (KDN), which makes bearings for wind turbines, 15.8% down...

Broadwind Energy, Inc. (BWEN.OB), another wind tower play is down 18%...

Woodward Governor Co. (WGOV), a pastiche of a company that makes power systems for the wind turbines...

Nacel Energy Corporation (NCEN.OB) is down 11%...

MasTec Inc. (MTZ), with its wind farm construction and repair business is down 1.6%...

And Vestas Wind ADR (VWDRY.PK), the full service wind power company from Denmark is down 1.9%... Look, this should tell you something... The real play on wind has been able to survive this awful market...

And finally, Otter Tail Corp. (OTTR), is actually up 15.8%... Our big win winner, as this utility seems to finally be getting credit for its wind tower business...

Overall, the stocks we like that are associated with wind pulled back hard... I don't think it's because of wind... It's because of their other businesses... I believe these stocks are just victims of a weakening global economy, and an already weak US economy... But we like them now, just like how we originally liked them... Because we think the small wind portions of their business will grow to become much larger parts of the companies... The more wind heavy stocks, other than Clipper Wind, which I said a speculative turn around story, like MTZ, Vestas and OTTR, have actually done pretty well, which proves the wind thesis rocks... I think this is an incredible buyable pull back in the Wind Index... How great is it that these stocks are so much cheaper than they were on May 28th even though on Thursday, I predict that they're about to get the biggest boost they've ever had from the great state of Texas... This is why I love wind so much here... So remember Docket number 36672... I say a chicken in every pot, and a windmill in every backyard... Another point in winds favor... California and the mid-west are also seeing a solid increase in connection requests... As in connection to the grid... From renewable energy operators... Mostly wind farms... And these states are being forced to streamline the process... Making the adoption of wind energy in this country even faster.