DOW 10,000!!!! Oh Wait, Make That 7,537

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Wed, 10/14/2009 - 15:14 | 98954 etrader
etrader's picture

You can almost hear Jimbo & MCC....

"Boo-ya bubba.... its still the same dollar in your pocket!!

 ....yee har 12K here we come!"

 

Thu, 10/15/2009 - 15:01 | 100022 Benthamite
Benthamite's picture

right, as long as people feel wealthier, what's the problem?  chalk one up for bernanke, geithner, llc.

Mon, 03/08/2010 - 18:15 | 258292 Anonymous
Anonymous's picture

I don't feel wealthier, :(

In fact I feel as stretched out as a finger cot on john homes!

Wed, 10/14/2009 - 14:27 | 98956 Ivanovich
Ivanovich's picture

Get your very own "Thank You, Banana Ben"  T-Shirt.

Wed, 10/14/2009 - 14:38 | 98975 Cursive
Cursive's picture

LOL.  They ruined my country and all I got was this T-shirt.

Wed, 10/14/2009 - 18:20 | 99308 Anonymous
Anonymous's picture

Until the repo man takes it.

Wed, 10/14/2009 - 18:30 | 99320 Gwynplaine (not verified)
Gwynplaine's picture

ROFL.  I want that T-shirt.  Where can I get one?

Wed, 10/14/2009 - 19:06 | 99351 Careless Whisper
Careless Whisper's picture

Today on cnbc:

Bob Pisani: I'm here with Joe Ratterman, President of BATS, the third largest exchange. Joe, the Dow broke 10,000 have you seen any increase in volume?

Joe Ratterman: (silence)

 

Wed, 10/14/2009 - 19:29 | 99373 Unscarred
Unscarred's picture

You caught that too?  Says everything we need to know.

Wed, 10/14/2009 - 14:27 | 98957 pinkboxtrader
pinkboxtrader's picture

i hope there's as much fanfare when i wear my CL 100 hat.

Wed, 10/14/2009 - 14:30 | 98958 ozziindaus
ozziindaus's picture

True but his doesn't bode well for the Deflationist argument unless you consider the deflationary portion starting early March.

Wed, 10/14/2009 - 14:31 | 98960 crosey
crosey's picture

Gotta trade your ass off just to keep up!

Wed, 10/14/2009 - 14:32 | 98961 lizzy36
lizzy36's picture

does that mean the cnbc closing bell, circle jerk has been cancelled?

a rhetorical question since once can guarantee there is no "djREALLY 7537" hat. in the absence of a hat, the real number will not be reported on cnbc. 

seriously, stunning when faced with that stark truth. 

Wed, 10/14/2009 - 14:37 | 98971 etrader
etrader's picture

Amazingly Erin Bernett   was mumbling about 25% down in real terms before Jimbo

jumped in.

What a great shame Jimbo's been bumped........

Wed, 10/14/2009 - 15:33 | 99048 Unscarred
Unscarred's picture

Even more amazingly, Erin Burnett is the only female CNBC host who hasn't let her body go to complete shit! To continue this rally, I'm going long on whoever does the catering to the CNBC offices!

TD-  Time to tighten up the CAPTCHA (31 plus __ equals 37 ?!)

Wed, 10/14/2009 - 16:01 | 99096 Anonymous
Anonymous's picture

MCCs is ugly in so many ways. Erin is OK.

Thu, 10/15/2009 - 11:36 | 99798 Anonymous
Anonymous's picture

...I don't know I still prefer Becky Quick. Also cause she reports the news and usually doesn't throw her opinion in the mix.

Wed, 10/14/2009 - 14:33 | 98962 chet
chet's picture

Well, as long as I never travel again, or buy anything imported, or made with imported parts, then I'll be just fine!  Is much of our stuff made in China?

Wed, 10/14/2009 - 14:35 | 98969 koaj
koaj's picture

stick with hookers and Coors and you'll be just fine

Wed, 10/14/2009 - 15:29 | 99047 Village Idiot
Village Idiot's picture

And look for the girl who considers a lavish date to be "a six pack of beer and some loud music".

Wed, 10/14/2009 - 14:33 | 98963 buzzsaw99
buzzsaw99's picture

teh bull rally is fee-nominal!

Wed, 10/14/2009 - 14:34 | 98965 VegasBD
VegasBD's picture

Dow will get down to 2-3oz of gold eventually.

One way or the other.

Thu, 10/15/2009 - 11:31 | 99790 Rusty Shorts
Rusty Shorts's picture

My people are saying, get out of the water before Oct 19.2009.

Wed, 10/14/2009 - 14:34 | 98966 stedanrac
stedanrac's picture

 ...over the past 10 years (the last time the DJIA was at 10,000) 

 

 Should read "the first time the DJIA was at 10,000".

That level has been criss crossed a couple of dozen times in the last decade. 

Wed, 10/14/2009 - 14:36 | 98970 TaroASSo
TaroASSo's picture

Can I say capital flight?

Wed, 10/14/2009 - 14:37 | 98973 phaesed
phaesed's picture

Oh, deflation will come, unfortunately the banks will be nice and liquid after having sold back all our shit to us at inflated prices and then down they'll go and we'll sell them all this nicely pumped stocks at bargain basement prices... then 7 months later, the market will skyrocket and the cycle continues.

 

Keep buying equities and sending our money to the corporations people! Don't buy Treasuries, buy high yield! Don't buy our country, make our dollar weaker!

We will never unite because we are too stupid and this country deserves to fail since no one wants it to win.

That's right, don't buy Treasuries, buy Wells Fargo FDIC insured paper!

Morons.

 

Wed, 10/14/2009 - 14:58 | 98992 Benthamite
Benthamite's picture

Quite the change in tone in the last 24 hours.

Wed, 10/14/2009 - 16:21 | 99135 phaesed
phaesed's picture

Oh no, I absolutely believe everyone should be buying Treasuries out their ass and completely fuck the banks due to capital ratio requirements, but nobody believes it so hey, what does it matter. I'll still make fun of people for sending money to China and then bitching about a weak dollar.

That's like taking a shit and complaining that it stinks.

Wed, 10/14/2009 - 14:38 | 98974 faustian bargain
faustian bargain's picture

I want my ten years back.

Wed, 10/14/2009 - 14:42 | 98982 phaesed
phaesed's picture

I want to understand how it ever got to be that we give the corporations our money and they give it to the government to tell them how to rule us.

 

Why the fuck do people still invest with these shitty companies?

Wed, 10/14/2009 - 16:52 | 99199 cougar_w
cougar_w's picture

Because we all love a winner.

Seriously. Taking over the worlds most powerful democracy and turning into your personal demesne is one leet bit of work. It's all profit from there.

Wed, 10/14/2009 - 19:10 | 99358 phaesed
phaesed's picture

That's trading :P

Wed, 10/14/2009 - 14:39 | 98977 Dixie Normous
Dixie Normous's picture

Where would the Dow be if stocks weren't moved in and out?

Wed, 10/14/2009 - 15:25 | 99041 Anonymous
Anonymous's picture

The DOW would be the price of GE because that is the only company still in there since the start :p

If you mean 10 years then its probably negative in a similar way

Wed, 10/14/2009 - 14:44 | 98983 Anonymous
Anonymous's picture

What would the DJIA be with GM still in it?

Wed, 10/14/2009 - 21:02 | 99448 You Cant Handle...
You Cant Handle the Truth's picture

BINGO

Wed, 10/14/2009 - 14:45 | 98984 Ed Cormack
Ed Cormack's picture

I BOUGHT DOLLARS RIGHT NOW, PUT ALL MY MONEY IN U$D

Thu, 10/15/2009 - 09:16 | 99573 aus_punter
aus_punter's picture

sounds like the least crowded trade out there

Wed, 10/14/2009 - 14:46 | 98986 BlueStreak
BlueStreak's picture

What if GM were a dow component?

Wed, 10/14/2009 - 14:58 | 98993 Bam_Man
Bam_Man's picture

Not just GM.

Now-worthless-piece-of-shit stocks like Eastman Kodak, Citigroup and Woolworth have also been dropped from the index to inflate its value.

 

Wed, 10/14/2009 - 14:56 | 98991 max2205
max2205's picture

So, it's more under valued that before I read this.?!!!!!!!

Wed, 10/14/2009 - 16:04 | 99102 Anonymous
Anonymous's picture

That's what I was thinking. There is some truth to that I think.

Wed, 10/14/2009 - 17:10 | 99230 Abraham Snake
Abraham Snake's picture

It's more like the entire US was hit by a giant shrink ray, our neighbors, houses, businesses, and currency all look relatively normal to us inside our shrunken bubble. But if we were to ride a time machine back to 2000, everything would look giant, everyone would appear to be 10 feet tall.

The point is basically to take the 10K Dow party with a grain of salt. Our tape measure has been shrunk, and by gold standards, it looks like a doll toy in our hands. It's not saying the Dow is under valued, It's like saying 3' tall is the new 6'11".

Thu, 10/15/2009 - 16:14 | 100116 Anonymous
Anonymous's picture

My god. It's full of stars.

Wed, 10/14/2009 - 15:04 | 99000 digalert
digalert's picture

People should be mad as hell, instead they've got "DOW 10,000" ball caps over in the CNBS cheering section for cryin out loud.

Wed, 10/14/2009 - 15:12 | 99016 Cursive
Cursive's picture

You'd be celebrating, too, if you had beaten the stock market equivalent of the 1986 Chicago Bears.  I know this rally has hurt anyone who has stepped in front of it, but these dirty ass sell-side pumpers from Wall Street and CNBS have pulled off the improbable.  More important question:  Who was the first person of the CNBS set to mention that the hats need to go back into storage for "next time 'round".

Wed, 10/14/2009 - 15:14 | 99021 Anonymous
Anonymous's picture

this is f***ing great! laughing all the way to the bottom of the ravine! HAAHAHAHAHA

Thu, 10/15/2009 - 10:46 | 99626 blindfaith
blindfaith's picture

people are MAD as hell, but THEY are NOT watching CNBC.  Hey, keep wtching but don't buy the sponsors products. 

Wed, 10/14/2009 - 15:05 | 99003 Anonymous
Anonymous's picture

/spin
What this means is that the DOW is really, really cheap.
/nospin

Geez!

Wed, 10/14/2009 - 15:10 | 99010 Anonymous
Anonymous's picture

any clues on when this ends. Market up 65% in 7 months without any pullback along the way.

I'm kinda sick of this

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