I'm at that point where I'm starting to wonder if it simply doesn't pay to fly red flags over some of these battleground stocks anymore.
I mean — why bother?
Netflix: up 216 percent over the past year.
Open Table: 170 percent.
Green Mountain: A mere double.
And Priceline : I've never talked about it, and good thing — up 93 percent.
These stocks—and many more like them—are defining this stage of this market. Or what some might say is the bubble-esque stage of this market.
Each is a poster child of momentum, many times over.
And that's even with nosebleed valuations and red flags flying here and there:
- Growing competition and falling cash flow at Netflix .
- A changing business model at Open Table .
- Concerns over the commitment by Starbucks to Green Mountain .
Yet, anytime you mention any of that kind of stuff, you get insult upon insult hurled at you.
I'm not complaining; it comes with the territory.
But it feels so 1999.
And by the way: Every time I start talking like this—or feeling like this—for those of you looking for some kind of sign from above: The market is usually at or near some kind of inflection point for the market.
Questions? Comments? Write to HerbOnTheStreet@cnbc.com
Follow Herb on Twitter: @herbgreenberg
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