I have noticed over at Seeking Alpha a different tone in comments to my stories starting about a week ago. The bulls are strikingly confident and almost flippant at any negative comment or selling of almost any stock. Today has taken it to a new peak, as the "feedback" I am receiving in my email box for my sell of Potash earlier this week is ... fervent. Now having been a Potash investor on and off since 2007 (most likely longer than most of the people kind enough to email me about my lack of skill, knowledge, or manhood) I know the Potash investors are gold-lite in terms of worship. Which is ok since I like Potash too (as evidence by my ownership). Reminds me of the DryShips (DRYS) crowd, although I expect the drop in stock price from $120 to $5 has more or less killed that cult.
I have asked these warm people to email me their public notes earlier in the week where they had predicted Potash would pre-announce guidance over and above what the company offered 6 weeks ago. So far none have kindly replied. I also asked them to note the stock I was most interested in as a replacement in the portfolio for Potash, Cleveland Cliffs (CLF) is up by the same amount - perhaps more - in the same time.
None were kind enough to note my avoidance of the DragonWave (DRWI) implosion [protecting capital], or the nice run in Las Vegas Sands (LVS) this week *sniffle*. (dab eyes) Mostly I am struck at how people are very defensive and emotionally attached to their stocks - it's not a marriage people. If you have 20-30 of them, and one is just the same as the other in your world view - you won't have the same cult like affinity for any single entity. And when someone sells your favored son, it won't feel like a personal affront. I realize the Supreme Court has ruled that companies are no different than people in the United States... but really now. (plus Potash is a Canadian company so I don't know if it's technically a human being)
Perhaps the unending bull run continues on and on (and on) for weeks and months to come, but this feedback is another indicator to me.... let's call it the belligerent bull meter... that more and more people are piling in on the same trade (long & strong! to the moon Alice!), and feeling unstoppable, and unbeatable. And quite annoying.
Friday, March 12, 2010
Belligerent Bull Meter Starting to Surge
Posted by
Mark
at
3:16 PM
Belligerent Bull Meter Starting to Surge
2010-03-12T15:16:00-05:00
Mark
| Edit This Post |
Create A New Post
Belligerent Bull Meter Starting to Surge
2010-03-12T15:16:00-05:00
Mark
Financial Blogroll
- FinViz.com
- Euro Pacific
- Zero Hedge
- BeSpoke Investment
- The Big Picture
- Newsflashr
- Wall St Cheet Sheat
- Baseline Scenario
- Naked Capitalism
- Abnormal Returns
- TickerSpy
- FT.com Alphaville.com
- Calculated Risk
- Infectious Greed
- Financial Armageddon
- Wall Street Window
- Mad Hedge Fund Trader
- Real Clear Markets
- Matt Taibbi Blog
- 24/7 Wall Street
- The Daily Bail
- Cumberland Advisors
- NYMag
- All About Trends
- Market Oracle
- Markman
- Notable Calls
- Carpe Diem
- What's Trading
- Finz.tv
- UpsideTrader
- Zentrader
- Investment Postcards
- Dealbreaker
- Stock Trading to Go
- Toro's Running of the Bulls
- Barron's Tech Trader Daily
- FINAlternatives (Hedge Funds)
- Money and Markets
- StreetInsider Analysts News
- Blogging Stocks (AOL)
- The Daily Reckoning
- ETF Trends
- Hedge Fund Consultant Blog
- Get Rich Slick
- Guru Focus
- Fundmastery
- The Fly on the Wall
- Bill Gross PIMCO Archives
- MrSwing.com
Our Readers' Websites
Industry Focus Sites
Some Mutual Funds That Perk My Interest
- CGM Mutual (Kenneth Heebner)
- CGM Focus (Kenneth Heebner)
- Quaker Strategic Growth
- Loomis Sayles Mid Cap Growth
- Bridgeway Aggressive Investors
- Eaton Vance Multi Cap Growth
- Saratoga Large Cap Growth
- AFBA Five Star Large Cap
- American Century Vista
- American Century Heritage
- TCW Growth Equities
- Dynamic Power American Growth (Noah Blackstein)
- Dover Long/Short Sector Fund
Weekly Most Read
- 1: Warren Buffet Piles on Europe
- 2: [Video] Jim Chanos Returns from Europe, Even More Bearish on China
- 3: A Chart to Open Our Eyes - Staggering Changes by Multinationals in Employment Behavior 00s vs 90s
- 4: Futures Blasted on Dexia Woes... and Poor Preliminary China Data
- 5: Market Working to Worst Thanksgiving Since 1932
- 6: Et Tu, German Bonds? Poor Auction Raises Eyebrows
Archives By Date
-
►
2011(1304)
-
►
12/11 - 12/18(11)
- Market Montage Officially Launches Tomorrow
- Goodbye and Goodnight Fund My Mutual Fund
- Nothing Much from the Fed Other than a Few Words C...
- [Videos] Howard Davidowitz Grumpy as Usual
- Bad Economy? Yeah Right - Not in the Farming Heart...
- Marketwatch: Why Did 24 Hour Trading Never Take Of...
- Still Holding On
- Some Caution Now Technically on the Gold (GLD) Tra...
- USA Today: As Bernanke Punishes American Savers, t...
- Risk Off for the Day it Appears
- Zynga (ZNGA) Heads the List on Busiest IPO Week Si...
-
►
12/04 - 12/11(29)
- Move Day Next Week
- Update on the Battle of the 200 Days
- [Video] ECRI Still Sticking with Recession Call De...
- DuPont (DD) Warns this Morning as "Decoupling" The...
- There Was Just another Rumor Released Via a News A...
- Q3 Was Not a Good Quarter for American Wealth - Wo...
- The Battle of the 200 Days?
- Ford (F) Halted, Reinstates Dividend
- [Video] Marc Faber Visits Bloomberg
- Draghi Announced 4 Non Standard Measures at Presse...
- ECB "Only" Cuts Rates Back to Record Lows by 0.25%...
- And... IMF Official Denies Rumor
- Need a Rumor to End the Day Right? Got One
- Are We Making Too Much of the Drop in Labor Force ...
- A Lot of People are Living the "College Lifestyle"...
- [Video] Bob Prechter is Back... and Shockingly, St...
- The Journey to Nowhere Has Been a Wild Trip Since ...
- S&P 1265 Again
- Who Wants Action?
- Some Days....
- If the S&P 500 Was Equal Weighted Rather than Mark...
- [Video] Tom DeMark Says S&P 1330+ by Christmas, wi...
- Just about Every Country in Europe Downgraded
- GMO's Jeremy Grantham's Q3 Letter: The Shortest Qu...
- FT.com Report S&P to Put 6 Euro Nations on Credit ...
- Steve Liesman of CNBC Still Believes no ECB Bazook...
- Uncle Buffet Has to Be Pleased about the Bank of A...
- ISM Non Manufacturing 52.0 vs Expectation of 53.9
- Back to (the New) Normal
-
►
11/27 - 12/04(30)
- No Posts Today
- Average Foreclosure Time Sets New Record of 631 Da...
- Were Yesterday's Actions by Central Banks, a Way t...
- Big Drop in Hedge Fund Exposure to Market in Q3
- ISM Manufacturing 52.7 vs Expectations of 51.5
- And There Goes Another of the Former Teflon Stocks...
- Official Chinese PMI Figures Confirms Last Week's ...
- Best Day Since March 2009
- Junk Stocks Leading, Not a Great Sign
- "Risk On", "Risk Off" Has Officially Jumped the Sh...
- ► 11/20 - 11/27(20)
- ► 11/13 - 11/20(30)
- ► 11/06 - 11/13(32)
- ► 10/30 - 11/06(30)
- ► 10/23 - 10/30(33)
- ► 10/16 - 10/23(30)
- ► 10/09 - 10/16(23)
- ► 10/02 - 10/09(30)
- ► 09/25 - 10/02(31)
- ► 09/18 - 09/25(30)
- ► 09/11 - 09/18(33)
- ► 09/04 - 09/11(27)
- ► 08/28 - 09/04(24)
- ► 08/21 - 08/28(35)
- ► 08/14 - 08/21(23)
- ► 08/07 - 08/14(28)
- ► 07/31 - 08/07(36)
- ► 07/24 - 07/31(21)
- ► 07/17 - 07/24(27)
- ► 07/10 - 07/17(21)
- ► 07/03 - 07/10(21)
- ► 06/26 - 07/03(25)
- ► 06/19 - 06/26(20)
- ► 06/12 - 06/19(30)
- ► 06/05 - 06/12(18)
- ► 05/29 - 06/05(29)
- ► 05/22 - 05/29(28)
- ► 05/15 - 05/22(29)
- ► 05/08 - 05/15(28)
- ► 05/01 - 05/08(30)
- ► 04/24 - 05/01(26)
- ► 04/17 - 04/24(28)
- ► 04/10 - 04/17(30)
- ► 04/03 - 04/10(26)
- ► 03/27 - 04/03(20)
- ► 03/20 - 03/27(12)
- ► 03/13 - 03/20(22)
- ► 03/06 - 03/13(29)
- ► 02/27 - 03/06(20)
- ► 02/20 - 02/27(19)
- ► 02/13 - 02/20(22)
- ► 02/06 - 02/13(29)
- ► 01/30 - 02/06(34)
- ► 01/23 - 01/30(29)
- ► 01/16 - 01/23(18)
- ► 01/09 - 01/16(21)
- ► 01/02 - 01/09(27)
-
►
12/11 - 12/18(11)
-
▼
2010(1727)
- ► 12/26 - 01/02(10)
- ► 12/19 - 12/26(16)
- ► 12/12 - 12/19(29)
- ► 12/05 - 12/12(30)
- ► 11/28 - 12/05(44)
- ► 11/21 - 11/28(23)
- ► 11/14 - 11/21(39)
- ► 11/07 - 11/14(44)
- ► 10/31 - 11/07(45)
- ► 10/24 - 10/31(37)
- ► 10/17 - 10/24(42)
- ► 10/10 - 10/17(34)
- ► 10/03 - 10/10(45)
- ► 09/26 - 10/03(35)
- ► 09/19 - 09/26(42)
- ► 09/12 - 09/19(43)
- ► 09/05 - 09/12(28)
- ► 08/29 - 09/05(29)
- ► 08/22 - 08/29(24)
- ► 08/15 - 08/22(26)
- ► 08/08 - 08/15(32)
- ► 08/01 - 08/08(36)
- ► 07/25 - 08/01(35)
- ► 07/18 - 07/25(33)
- ► 07/11 - 07/18(35)
- ► 07/04 - 07/11(27)
- ► 06/27 - 07/04(37)
- ► 06/20 - 06/27(39)
- ► 06/13 - 06/20(37)
- ► 06/06 - 06/13(33)
- ► 05/30 - 06/06(28)
- ► 05/23 - 05/30(31)
- ► 05/16 - 05/23(41)
- ► 05/09 - 05/16(35)
- ► 05/02 - 05/09(34)
- ► 04/25 - 05/02(26)
- ► 04/18 - 04/25(22)
- ► 04/11 - 04/18(30)
- ► 04/04 - 04/11(25)
- ► 03/28 - 04/04(21)
- ► 03/21 - 03/28(35)
- ► 03/14 - 03/21(41)
-
▼
03/07 - 03/14(40)
- Belligerent Bull Meter Starting to Surge
- Greek Bailout - Arrives with Bells On
- [Video] Pippa Malmgren Tells us what Foreigners Th...
- Bookkeeping: Selling 90% of Las Vegas Sands (LVS)
- Bookkeeping: Restarting Riverbed Technology (RVBD)...
- Some Very Strange Things are Happening Under the S...
- US Dollar Takes a Hit as Janet Yellen Leaked to be...
- Everything on Script this Morning
- Potash (POT) Raises Guidance
- Almost.... There
- Forbes' Richard Lehmann: Dumping Debt on the Next ...
- Bookkeeping: Restarting Braskem (BAK)
- Bookkeeping: Closing Rackspace Hosting (RAX) and D...
- What's the Potential End Game for this Move?
- Almost Entire Drop in 2009's Credit Card Balances ...
- Bookkeeping: Stopped Out of Greenhill & Co (GHL) S...
- [Video] America's 3 Wealthiest Counties Now Ring W...
- Pledge Update March 2010
- Some Stocks Have Not Gone Down 1 Day in a Month
- Another Reversal; Back Out of Index Stuff
- Bookkeeping: Restarting Google (GOOG) as Stock Bre...
- Bookkeeping: Cutting Rackspace Hosting (RAX) to Ho...
- Bookkeeping: Closing Potash (POT) - Will Look to D...
- NYT: The Lithium Chase
- E-House Holdings (EJ) Beats Estimates Soundly, Rai...
- Bifurcation of American Society Continues at Pace;...
- Finally, a Small Head Fake
- On the Approach to S&P 1150
- Another $148 Billion of Federal Money Works its Wa...
- Missed Today's 11 Minute Selloff
- A Great Perspective on "the Game" by Barry Ritholt...
- Portugal Tries to Front Run Bond Vigilantes
- Sector Performance During the Downfall, and then R...
- Consumer Discretionary Unstoppable
- World's Largest Hedge Fund Backstopped by US Taxpa...
- Bookkeeping: Selling 40% Las Vegas Sands (LVS); Cu...
- BHP Billiton (BHP) Pushes Through 55% Increase in ...
- Bookkeeping: Weekly Changes to Fund Positions Year...
- CBSMarketwatch: Riding the Rally - How to Make Mon...
- Updated Position Sheet
- ► 02/28 - 03/07(37)
- ► 02/21 - 02/28(25)
- ► 02/14 - 02/21(23)
- ► 02/07 - 02/14(33)
- ► 01/31 - 02/07(37)
- ► 01/24 - 01/31(45)
- ► 01/17 - 01/24(37)
- ► 01/10 - 01/17(37)
- ► 01/03 - 01/10(35)
-
►
2009(2099)
- ► 12/27 - 01/03(21)
- ► 12/20 - 12/27(33)
- ► 12/13 - 12/20(38)
- ► 12/06 - 12/13(38)
- ► 11/29 - 12/06(37)
- ► 11/22 - 11/29(26)
- ► 11/15 - 11/22(34)
- ► 11/08 - 11/15(38)
- ► 11/01 - 11/08(38)
- ► 10/25 - 11/01(48)
- ► 10/18 - 10/25(37)
- ► 10/11 - 10/18(40)
- ► 10/04 - 10/11(35)
- ► 09/27 - 10/04(41)
- ► 09/20 - 09/27(39)
- ► 09/13 - 09/20(35)
- ► 09/06 - 09/13(32)
- ► 08/30 - 09/06(32)
- ► 08/23 - 08/30(34)
- ► 08/16 - 08/23(36)
- ► 08/09 - 08/16(39)
- ► 08/02 - 08/09(40)
- ► 07/26 - 08/02(45)
- ► 07/19 - 07/26(45)
- ► 07/12 - 07/19(45)
- ► 07/05 - 07/12(40)
- ► 06/28 - 07/05(31)
- ► 06/21 - 06/28(37)
- ► 06/14 - 06/21(44)
- ► 06/07 - 06/14(42)
- ► 05/31 - 06/07(44)
- ► 05/24 - 05/31(39)
- ► 05/17 - 05/24(33)
- ► 05/10 - 05/17(39)
- ► 05/03 - 05/10(47)
- ► 04/26 - 05/03(45)
- ► 04/19 - 04/26(43)
- ► 04/12 - 04/19(40)
- ► 04/05 - 04/12(40)
- ► 03/29 - 04/05(40)
- ► 03/22 - 03/29(45)
- ► 03/15 - 03/22(45)
- ► 03/08 - 03/15(46)
- ► 03/01 - 03/08(49)
- ► 02/22 - 03/01(49)
- ► 02/15 - 02/22(45)
- ► 02/08 - 02/15(49)
- ► 02/01 - 02/08(49)
- ► 01/25 - 02/01(49)
- ► 01/18 - 01/25(38)
- ► 01/11 - 01/18(53)
- ► 01/04 - 01/11(52)
-
►
2008(2199)
- ► 12/28 - 01/04(27)
- ► 12/21 - 12/28(25)
- ► 12/14 - 12/21(41)
- ► 12/07 - 12/14(39)
- ► 11/30 - 12/07(34)
- ► 11/23 - 11/30(31)
- ► 11/16 - 11/23(33)
- ► 11/09 - 11/16(33)
- ► 11/02 - 11/09(33)
- ► 10/26 - 11/02(43)
- ► 10/19 - 10/26(35)
- ► 10/12 - 10/19(34)
- ► 10/05 - 10/12(38)
- ► 09/28 - 10/05(40)
- ► 09/21 - 09/28(46)
- ► 09/14 - 09/21(52)
- ► 09/07 - 09/14(49)
- ► 08/31 - 09/07(36)
- ► 08/24 - 08/31(43)
- ► 08/17 - 08/24(48)
- ► 08/10 - 08/17(50)
- ► 08/03 - 08/10(46)
- ► 07/27 - 08/03(46)
- ► 07/20 - 07/27(49)
- ► 07/13 - 07/20(48)
- ► 07/06 - 07/13(52)
- ► 06/29 - 07/06(42)
- ► 06/22 - 06/29(47)
- ► 06/15 - 06/22(41)
- ► 06/08 - 06/15(39)
- ► 06/01 - 06/08(36)
- ► 05/25 - 06/01(30)
- ► 05/18 - 05/25(39)
- ► 05/11 - 05/18(40)
- ► 05/04 - 05/11(41)
- ► 04/27 - 05/04(48)
- ► 04/20 - 04/27(44)
- ► 04/13 - 04/20(48)
- ► 04/06 - 04/13(41)
- ► 03/30 - 04/06(54)
- ► 03/23 - 03/30(41)
- ► 03/16 - 03/23(47)
- ► 03/09 - 03/16(32)
- ► 03/02 - 03/09(44)
- ► 02/24 - 03/02(54)
- ► 02/17 - 02/24(40)
- ► 02/10 - 02/17(57)
- ► 02/03 - 02/10(57)
- ► 01/27 - 02/03(49)
- ► 01/20 - 01/27(48)
- ► 01/13 - 01/20(46)
- ► 01/06 - 01/13(43)
-
►
2007(913)
- ► 12/30 - 01/06(33)
- ► 12/23 - 12/30(29)
- ► 12/16 - 12/23(39)
- ► 12/09 - 12/16(36)
- ► 12/02 - 12/09(33)
- ► 11/25 - 12/02(44)
- ► 11/18 - 11/25(25)
- ► 11/11 - 11/18(44)
- ► 11/04 - 11/11(54)
- ► 10/28 - 11/04(51)
- ► 10/21 - 10/28(57)
- ► 10/14 - 10/21(55)
- ► 10/07 - 10/14(57)
- ► 09/30 - 10/07(55)
- ► 09/23 - 09/30(41)
- ► 09/16 - 09/23(41)
- ► 09/09 - 09/16(37)
- ► 09/02 - 09/09(31)
- ► 08/26 - 09/02(44)
- ► 08/19 - 08/26(43)
- ► 08/12 - 08/19(37)
- ► 08/05 - 08/12(27)








