I just watched a documentary last night called 'Blue Gold: World Water Wars.'
I must say, very revealing 90 minutes of multiple perspectives on the growing water crisis. The one key point I took from it is that GE is the leader in desalination.
Without the hypocrisy of badmouthing civilization's consumption habits and general ways of life, because I play my role like everyone else, I will say that I feel wholeheartedly, based on what I saw in that documentary alone, that most of the first world is ignorant of how scarce clean water actually is in the world, and the problems it creates.
I'm going to invest in water for my new born son's portfolio, I think in that time horizon it's a sure thing, the Bushes were buying water rights up in the last financial crisis, so I'm a little late, but not too late. ;)
Being that GE is the leader in desalination as of recent years, and that they're not directly correlated with the broad stock market and the general water utilities at euphoric highs, I think I'll start here, red arrow indicates potential first breakout of most recent price action on this timeframe, a new higher high and higher low? only time will tell..
Technically speaking, I'm only posting the quarterly chart, because this is the primary trend of that asset and I'm looking 50 years out, very long term. This looks to have found big support and is in the process of breaking out of its 20 year down trend, which from this long term of a perspective, it could be argued a correction within the confines of an up trend.
Thanks you so much, I will check this documentary. Is GE an index that tracks what?
sidoyiphikolomzi
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@Chad_McDeid, Thanks Chad, am in South Africa just done watching the Doc, wow am schooled and the GE thing just googled it and discovered a lot, am a Day Trader, and possibly will add this stock to my list of things I analyze. thanks again.