The Great American Opportunity Machine...

In many ways, the negativity is thicker than in March 2009. The market has been rising into the increased negativity.

When I get confused about things which is often, I like to take 10-20 steps back. I cut back my reading and go back to the basics. For me, that is the first few blogs I discovered on the internet – Brad Feld and Fred Wilson and the all-time high list. Brad and Fred talk about big picture trends in web, mostly American innovation.

Yesterday, Chris Perruna , a great blogger and contributor to Stocktwits tweeted out the New High list as he will do when it is significant. We had 536 new highs and that was the most since 2006. Hmmm.

From watching the stream the last few days, I could tell that many of the companies were Chinese and Biotech, two areas I generally avoid.

The great American Opportunity machine in many ways is being outsourced and confined to investing in Chinese stocks as we start in 2010. That may or may not last last, but if it does, you can profit from it.

My hunch is that the spreading of wealth into developing countries has just started the latest biotech boom. More people working on more ways for us to live longer and enjoy the fruits of our labors. Whether the chinese market crashes or not, I know in my gut and with some common sense that China is here to stay and certain Chinese sectors like mobile and digital media should see the fastest growth of any and all global sectors.

I wish I was excited by biotech. I wish it was comfortable to invest in stocks with no revenue and huge surprises. I wish I could look outside and see what the digital/mobile life was like in China.

Markets don’t work that way.