uncharted territory

the Goog traded at all-time highs today....it seems like only yesterday the press was complaining/stating/observing that the internet search monster was stalled out while the market soared higher. Well, the big G has rebounded from a low of $460 a mere month and half ago, notching an approximate 20% gain in the last 6 weeks. Not half bad. Of course this now means it will retreat, sell off and stall, giving the media more fodder to print the same old story again. Lots of names hitting their 52 week highs...any good shorts out there? Wait...what's that saying....'don't fight the tape'...the short-bias funds gotta be lovin' this.

here's yet another example of a stock going vertical with no resistance in its path. First Solar(FSLR). They make solar panels...go figure - go green. Investors are drinking the kool-aid, just don't be the last buyer of this hot stock tip. FYI, cramer is on the bandwagon on this one....is that a surprise to anyone?

charts courtesy of bigcharts.com

Speaking of uncharted territory, this may be a new one for Goldman, although one that they may wish is never repeated again. While the HF industry is continuing to see eye-popping inflows, Goldman's Alpha fund saw not a single penny of inflows in Q2. Flat. No new investors, no additional contributions from existing LPs. Even Goldman and their flagship fund is susceptible to the negative impact of hot money and under-performing the market.