It’s crazy $MNI $YLWDF $GALE $CDR (codere) $LEE $BBY $YGE even random chinese stocks, newspaper stocks, banks, pretty much everything that was abandoned is now on the buy list apparently.
everything that has been depressed has suddenly gotten a bid, except for DXM, haha!
I don’t know what this means, but if you are an investor — it’s been frustrating because all the boats are leaving port and trying to figure out which one to be on as they all surge is quite difficult..
the market from the downside has been hugely mean reverting the last 6 months… the opposite of crashing.
usually during a market crash, dislocations happen, whereby things are just thrown away. now, it is as if the market setting new highs is sending money to fill the cracks that it has forgotten about for several years.
it’s been huge if you’re a value investor, i guarantee that.. but also frustrating, because while the stuff you own is going up, the stuff that you were considering owning has been going up too. haha so opportunity cost is increasing.
i figure that these sort of events are 6 sigma events… and i’ll probably go through 15 or such time periods like this in my life, but who knows.. can’t complain, just makes me nervous, because i get the feeling that if this is happening amongst the companies that everyone used to hate, then we are on the cusp of insanity… and you can see insanity on marijuana stocks and 3d printing stocks. even shit from china is getting bids .. which is always a sign. good or bad depends on where you are in the life cycle and if you realize the little intrinsic value in what you trade, because if you dont you might end up with the short stick … yikes. see link below
so, freaking, stupid in terms of valuations for lots of names out there… there is potential for the tide of valuations to recede, but for the time being i’m making something of it, definitely not the most of it, but if you’ve been making money lately, congratulations, but i would argue that a monkey could make money in this market and i urge caution, you may not have any idea what you are doing and when the tide recedes you may go with it… and the same applies to me, as i have experience doing this before when i lost my first million bucks and joined lamb club… even though technically i gave $250K of it back out of personal generosity founded on my belief that in the span of my life that’s not that much.
swinging back up baby. pedal to the floor. so to speak, but not really.
haha below is a link to an article that i find great truth in and an excerpt with a section i’ve bolded that i agree with mostly due to experience losing my butt believing in the lies they spin
http://ibankcoin.com/flyblog/2014/01/09/profiling-a-winning-chinese-lottery-ticket/
Profiling a Winning Chinese Lottery Ticket
11 Luckily for you, I’ve cordoned off all of the chinese stocks, like the savage animals that they are, inside of The PPT, to gawk at them like falcons in an aviary. I’ve had this arrangement with the celestials since the beginning of time, since I started The PPT. No one really knows what to expect from them. Half of them are liars, and the other half are fixing to lie. But the market is fascinated by them, for the moment, like cocaine stocks inside of a marijuana vending machine.