I was patting myself on the back as I looked at the huge surge in the portfolio today - each and every long position is up, most materially so. Then I went into my watch lists which are literally hundreds upon hundreds of stocks - probably around 400. Excluding 50 or so which are highly speculative I can only find about a dozen that are in the red. It's the buy anything market brought to you courtesy of the destruction of your currency.

The only losers I can find:

  • Whirlpool (WHR) -1%
  • Fluor (FLR) -0.6%
  • General Cable (BGC) -1.3%
  • Chicago Mercantile (CME) -0.5%
  • Valero Energy (VLO) -0.7%
  • Ciena (CIEN) -4.5%
  • Sequenom (SQNM) -4%
  • Under Armour (UA) -1.1%
  • Darden Restaurants (DRI) -1.2%
  • Brinker International (EAT) -1%
  • Palm (PALM) -0.5%

The other 390 or so? Green.

I mentioned this in 2008 in the opposite direction - there was no need to really talk about fundamentals anymore THEN as the market trades in student body left formation. Now it's the exact same thing but to the upside - wasting virtual space talking about company prospects is futile. The power of algorithms.