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Thu, 05/20/2010 - 09:40 | 362839 Debtless
Debtless's picture

nice. do you overnight ship?

or should i order the 9000 hat as well with it?

Thu, 05/20/2010 - 09:52 | 362877 TomB
TomB's picture

Maybe ZH can do a three for the price of two deal. Buy a dow 10,000 and dow 9,000 hat and get a dow 36,000(,000,000) hat for free.

Thu, 05/20/2010 - 09:59 | 362882 Trial of the Pyx
Trial of the Pyx's picture


Thu, 05/20/2010 - 15:59 | 363756 BobWatNorCal
BobWatNorCal's picture

We need that 3rd hate here in CA in order to get CalPers pensions back

on track.

Thu, 05/20/2010 - 10:59 | 362965 AllYourBaseAreB...
AllYourBaseAreBelongToUs's picture


Thu, 05/20/2010 - 09:41 | 362840 Caviar Emptor
Caviar Emptor's picture

I think people are underestimating how precarious the situation is.

Thu, 05/20/2010 - 10:11 | 362896 Brak82
Brak82's picture

I think people are underestimating that since 2007

Thu, 05/20/2010 - 10:19 | 362902 GIANTKILR
GIANTKILR's picture

Yea, you might have to remove the last zero!

Thu, 05/20/2010 - 09:42 | 362846 downrodeo
downrodeo's picture

If alex jones of all people turns out to be right about the NWO and all that jazz, i'm going to eat my hat...

Thu, 05/20/2010 - 11:00 | 362969 AllYourBaseAreB...
AllYourBaseAreBelongToUs's picture

@downrodeo - your hat might be all that's left to eat

Thu, 05/20/2010 - 11:39 | 363048 Miss Expectations
Miss Expectations's picture

Well, you may have to.  As "they" say, you can't eat gold.

Thu, 05/20/2010 - 11:46 | 363074 PhotonJohn
PhotonJohn's picture

I've heard you can eat a bullet though.

Thu, 05/20/2010 - 15:07 | 363561 downrodeo
downrodeo's picture

for your health...

Thu, 05/20/2010 - 09:42 | 362848 Jacob Dreizin
Jacob Dreizin's picture

Harry Wanger would like one.

Thu, 05/20/2010 - 09:42 | 362849 Jack
Jack's picture

Is that 3.0 or 30?  I swear we've crossed 10,000 dozens of times.

Thu, 05/20/2010 - 09:51 | 362876 You Cant Handle...
You Cant Handle the Truth's picture

Letsee... first time, '99ish

Then again around 9/11

Then again in 2003ish

And at least a few times in the last few years.


Thu, 05/20/2010 - 09:43 | 362850 Cognitive Dissonance
Cognitive Dissonance's picture

That's just cruel Tyler. And fun.

Thu, 05/20/2010 - 11:05 | 362983 Juan Venti
Juan Venti's picture

Is it available in BROWN?

Thu, 05/20/2010 - 09:43 | 362851 pan-the-ist
pan-the-ist's picture

Very nice.

Thu, 05/20/2010 - 09:45 | 362855 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

Hey now!!


(Sorry, Gary on my mind)

Thu, 05/20/2010 - 09:44 | 362853 Abundance
Abundance's picture

There's that darn hat again lol. 

Thu, 05/20/2010 - 09:45 | 362854 Sudden Debt
Sudden Debt's picture

and as BP is nearing it's 1 year support of 44.65$... 44.75 and counting down :)


Thu, 05/20/2010 - 09:46 | 362859 You Cant Handle...
You Cant Handle the Truth's picture

Green sharts, breakin' out all over.

Thu, 05/20/2010 - 10:04 | 362893 BobPaulson
BobPaulson's picture

Cool icon.


"The most merciful thing in the world, I think, is the inability of the human mind to correlate all its contents." HPL

Thu, 05/20/2010 - 10:33 | 362918 You Cant Handle...
You Cant Handle the Truth's picture

Thanks.  Yes, HPL was a mind far ahead of his time.  Thank goodness he was enough ahead of his time that copyright law hasn't fully locked away his work.

Thu, 05/20/2010 - 09:47 | 362863 doomandbloom
doomandbloom's picture

do you have one with gold trimmings?

Thu, 05/20/2010 - 11:11 | 362989 Rusty Shorts
Rusty Shorts's picture

 - yeah, the ones with the "scrambled eggs" !!


Thu, 05/20/2010 - 09:50 | 362869 Henry Chinaski
Henry Chinaski's picture

Years ago, in the '90s, before blogs, when Greenspan was monkeying with interest rates with the hope of keeping the economy barreled in the tube of a perfect wave forever, some prescient commentator wrote:

So where does it end?  Interest rates at 0% and the DOW at 10,000? 

I wish I could recall who wrote it or find that article.  I think it was in the WSJ, maybe a letter to the editor. 

Thu, 05/20/2010 - 09:51 | 362873 silvertrain
silvertrain's picture

 Things are looking to be in good in the hamptons though,


Thu, 05/20/2010 - 10:00 | 362886 primefool
primefool's picture

Expand your market globally - Try "nikkei 10,000, Hang Seng 10,000 etc "

Coold yin - yand thing with Dow - Nikkei flirting with 10K for decades on end - Fun.

Thu, 05/20/2010 - 10:03 | 362891 JiangxiDad
JiangxiDad's picture


Could anyone explain why a fiat currency is also the reserve currency? Other than the fact we've been doing it for a long time, why is int'l trade denominated in dollars, and why would it have been so difficult for any exporter to choose the currency in which they wanted to be paid by any buyer?

Thu, 05/20/2010 - 10:23 | 362904 Al Huxley
Al Huxley's picture

No, nobody can explain it.  You're just supposed to accept that 'its always been that way', and stay ignorant of the fact that it hasn't 'always been that way'.

Thu, 05/20/2010 - 11:48 | 363079 Miss Expectations
Miss Expectations's picture

...Because once upon a time, it was backed by gold.

Thu, 05/20/2010 - 14:49 | 363510 thisandthat
thisandthat's picture

Simple: the (last?) two countries that tried to break away from the dollar, on oil sales, were Iraq and Iran...

Got it?

Fri, 05/21/2010 - 18:36 | 366832 anotheranon
anotheranon's picture

I'll assume this is a non-sarcastic question, in which case you should look at the Bretton Woods agreement, and the landscape after WW2, Europe had a large USD debt from the Marshall Plan, as did Japan, the Arab nations accepted only USD for Oil, and even the USSR needed USD for its grain imports from the US.

So all these countries needed to trade for USD to buy oil and pay for various things/debts, and it's just kindof stuck since then, particularly since the US is the worlds biggest market.

There are benefits to being the largest economy/military power after all your competition is crushed in world war.

Thu, 05/20/2010 - 10:26 | 362911 doggings
doggings's picture

-325,  125 to go...

Thu, 05/20/2010 - 10:31 | 362916 Leo Kolivakis
Leo Kolivakis's picture

Let's have a serious discussion here. What will happen if the market crashes again? We are all screwed! The big boys will buy this dip too because they have a vested interest not to see this market crash. Everyone from large hedge funds, to large mutual funds, to even larger pension funds and wealth funds are meeting today to pull the buy trigger on this market.

Bottom line: Dow might slice through 10,000, but you'd better be prepared for another bounce next week. This week is a write-off. Merkel et al. have ensured this.

Thu, 05/20/2010 - 10:40 | 362925 DaveyJones
DaveyJones's picture

comedy is serious criticism Leo and a coping mechanism for the absurd

Thu, 05/20/2010 - 10:41 | 362926 carbonmutant
carbonmutant's picture

Leo many of us are in cash, waiting for the next bottom.

Thu, 05/20/2010 - 10:55 | 362955 Leo Kolivakis
Leo Kolivakis's picture

If markets crash, it is a bottomless pit. -)

Thu, 05/20/2010 - 11:00 | 362966 Ataraxia
Ataraxia's picture

Leo, you HOPE the large hedge and mutual funds pull the trigger. They are going to take riskier and riskier bets until the whole thing blows up. A bounce? Sure. But the larger trend is downward because this whole thing has been a sham for three years. All of the stimulus over the last two years has not created private sector growth, but it has saddled us with trillions in new debt we can never repay. What you're seeing today, and over the next months and years is a reckoning. 

Thu, 05/20/2010 - 12:47 | 363245 pan-the-ist
pan-the-ist's picture

You're probably right about the bounce.

However, I know that the market is over valued and the economy is still horrible and the politicians are unwilling to put the safeguards back in to give it a reasonable foundation.

Because I know these things, my mind is apprehensive when there are green shoots, because there are green shoots for no good reason.

If there is real bottom and a reality changing event (for me, sorry for all those unemployed who are experiencing 'reality' and are even more aghast that more people dont' notice... even as I am upset that you're collecting unemployment rather than looking for a job..) I feel angst.

I'd rather be upset for an honest reason then be elated for a lie, and this seems to be a lie.

Thu, 05/20/2010 - 10:32 | 362917 TraderV
TraderV's picture

You forgot the traditional "from the upside".

Thu, 05/20/2010 - 10:39 | 362923 carbonmutant
carbonmutant's picture

Obviously belongs in the Smithstonian... as a milestone event in American history.

Thu, 05/20/2010 - 11:51 | 363086 feeb
feeb's picture

Fun yet OT - I'm sitting in a Smithsonian garden while reading your post.

All this hot VIX action is making my long dated bank and BP puts feel pretty good right about now!

Thu, 05/20/2010 - 10:42 | 362932 bobby02
bobby02's picture

Schadenfreude never looks good on you.


Just sayin'

Thu, 05/20/2010 - 11:21 | 363002 brown_hornet
brown_hornet's picture

What's the over-under on the DOW crossing 10,000 in 2010?

Thu, 05/20/2010 - 11:58 | 363110 Privatus
Privatus's picture

Eminence Front
Pete Townshend

The sun shines
People forget
The spray flies as the speedboat glides
People forget
Forget they're hiding
The girls smile
People forget
The snow packs as the skier tracks
People forget
Forget they're hiding.

Behind an eminence front
Eminence front - It's a put-on.
It’s an eminence front
It’s an eminence front – It’s a put-on
An eminence front
Eminence front - put-on
Eminence front
It’s an eminence front
I’ts an eminence front – It’s a put-on
It’s a put-on
It’s a put-on
It’s a put-on

Come and join the party
Dress to kill
Won't you come and join the party
Dress to kill
Dress to kill.

The drinks flow
People forget
That big wheel spins, the hair thins
People forget
Forget they're hiding
The news slows
People forget
The shares crash, hopes are dashed
People forget
Forget they're hiding.

Behind an eminence front
An eminence front - it's a put-on
It is an eminence front
Eminence front – It’s a put-on
An eminence front
An eminence front - put-on
Eminence front
It’s an eminence front - it's a put-on
It’s a put-on
It’s a put-on
It’s a put-on

Come and join the party
Dress to
Come and join the party
Dress to
Come on join the party
Dress to
Come and join the party
Dress to kill

Dress yourself to kill.

Thu, 05/20/2010 - 12:24 | 363175 doggings
doggings's picture

leo you never learn do you? yesterday:

"only chickenshit losers were selling and the dow was going to bounce right off its 200 dma" ..

remember? i'm beginning to think you're employed here to "Baghdab Bob" it for pure amusement value, because I would trust my dog to call the markets better than you. 

at least he'd likely get 50/50 on a straight up/down ? basis.




Thu, 05/20/2010 - 13:04 | 363314 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I want a Dow Jones 10k for infinity hat :)

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