I am working on a project that involves parsing through a LARGE amount of data rapidly. Currently this data is on disk and broken down into a directory hierarchy:
what is the fastest way I can selectively load entries from my filesystem from varying DataSources and Days?
selectively means filtering, so my answer is a localhost database. Generally speaking if you filter, sort, paginate or extract distinct records from a large number of records, it's hard to beat a localhost SQL server. You get a query optimizer (nobody does that Java), a cache (which requires effort in Java, especially the invalidation), database indexes (have not seen that being done in Java either) etc. It's possible to implement these things manually, but then your are writing a database in Java.
On top of this you gain access to higher level SQL functions like window aggegrates etc., so in most cases there is no need to post-process data in Java.