I think that in the late 1960s, the term "one-decision stock" was coined by the investment industry to suggest ostensible blue-chip performers (like – oh, say – Polaroid) that could simply be bought and held for perpetual growth.
It seems we're living another mini-era of this kind of thing. For instance, Ford – – yes, Ford, the American maker of cars – – hardly thrilling stuff – – is up nearly 900% over the past year.
And, more recently, real estate – yes, real estate! – has been the barn-burner. Take a look at triple-bullish DRN, up about 80% is just the past month! It's enough to make you sick (unless you own it).
For someone like me, the past six months have been terribly discouraging. Witnessing phenomena like the above is hard to swallow, but it is reality.
