The problem with hydrogen is it must compete against electric which was heavily subsidized to encourage a build out of charging stations. The main problem wit hydrogen now is less convenient due to limited charging stations, not the technology itself.

Increasingly the market is favoring selection over broad based exposure. As time passes companies with strong cash flow, decent growth, and low debt will be favored. I agree with the author to start trimming, but I'd go a lot further faster. To deal with the future you need to look into the balance sheet and cash flow statements.

Phil is right that this effect will be a long term effect and as such I think it will not be so much a giant spike in oil that will kill all global growth instantly but more like a gradual and persistent rise in oil prices as India and the world realize that the global oil reserves we are sucking off of currently won't last forever. Saudi Arabia will not be able to cushion meaningful declines in Iran shipments. That will mean the global reserves will get tapped out that much sooner.

Agreed, nothing has really been solved, only delayed in Italy and Greece. Problems will resurface, but I suspect it will be at least another year before it reaches crisis level again.

We will see if Amazon can stay above the fray as other companies are trying to go their direction. Amazon has one thing they don't, a lucrative data warehousing business.

What is holding Biotech's down is worry over debt and cash flow more than anything else. Buy the ones that don't have to raise money and you should be fine regardless.

The small caps have gotten beaten up and consumed by larger caps this whole recovery. Worse yet, the SME's have had it tough. This is one reason why the economy can't grow. The winners have clearly been the large caps and will likely continue to be so.

Canada benefits, it just can't increase its sales right now. The issue is processing. New refineries are being geared to US oil production rather than overseas oil mixes. Canada should look to Europe or Asia to sell as well. That said, they need close partners to build out processing infrastructure there.

Given if oil prices stayed at their low the US economy would be doing badly because banks would be wallowing in losses from bankrupt oil companies and oil equipment companies, this is a turn for the better. Although consumers will pay for more at the station, the money isn't lost in the economy, just moved around. What the tax cut finances is making it easier for the Federal Reserve to cut some QE off its books. And even that may not stay as a drain on the economy long, because 'm sure it will be reused again the second the next recession hits or the Treasury finds it hard to fill its Treasury Bond auctions.

It is amazing how much money actually flowed into emerging markets this late in the cycle. Those investing in it to get over-sized gains are likely to feel the reverse effect as inflation and tighter credit markets hurt them more than others.