As stocks continue to press higher based upon central bank QE and a reduction in US GDP, thanks to woeful retail numbers, melt ups are abound. Amazingly, over 200 stocks are higher by 10% or more this past week.
Some of the best performers include: DRYS, NBY, REN, ACIA, TWLO, CC (shout out to House Dupont), ENDP and EGRX.
Some of the more obvious stocks to move in an environment that rewards WANTON DEGENERACY are the Chinese Burrito stocks, wrought with accounting irregularities and scandal.
Some of today’s Chinese lottery winners are SORL, NQ and MOMO (how fitting). Others that are on the cusp of breaking loose from the chains of skepticism, and will soon be running commando in the tall green grass, are JD, VIPS, SINA, YY, JOBS and CMCM.
All of you should celebrate and enjoy. The market is at new highs and the children are frolicking about the golden fields playing with gems and oil barrels.
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Classicshowtime:
“Your dumb dow is up 5% for the year. Whoops. 3.5% after today. Not getting the clownass 30% you got last year”
– september 22, 2014