Speculators fly back to Solars and Dry Bulk Shippers

Shows you how quickly emotions change - we were at the end of the world Monday at 4 PM. Now not 72 hours later it looks like early October all over again. Funny.

Fear and greed. As always, they rule the market.

Suntech Power (STP) has already passed my year end target of $80. I was buying heavily on this pullback to $59 just 5 sessions ago when it fell to its 20 day moving average. +35% return since. Nuts. I did sell some off but don't want to sell below a 1.75% exposure so will just let the rest run. Obviously I sold JA Solar (JASO) 1 day too early. The entire sector, regardless of fundamentals is back to ramping up massively across the board. Throw a dart, and get a 10% return today.

The rest of the market looks pretty benign but if you have a portfolio solely of dry bulk/solar stocks you are having a day to remember.

After the last 4 sessions which were up massive Friday, down massive Monday, up massive Tuesday (on the indexes if not individual stocks), and up massive yesterday, we have a normal day. Finally.