A "Buy Anything" Market

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.