Tyler Durden's picture

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Debtless's picture

nice. do you overnight ship?

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

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.

BobWatNorCal's picture

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

on track.

Caviar Emptor's picture

I think people are underestimating how precarious the situation is.

Brak82's picture

I think people are underestimating that since 2007

GIANTKILR's picture

Yea, you might have to remove the last zero!

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...

AllYourBaseAreBelongToUs's picture

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

Miss Expectations's picture

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

PhotonJohn's picture

I've heard you can eat a bullet though.

Jacob Dreizin's picture

Harry Wanger would like one.

Jack's picture

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

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.


Cognitive Dissonance's picture

That's just cruel Tyler. And fun.

Cindy_Dies_In_The_End's picture

Hey now!!


(Sorry, Gary on my mind)

Abundance's picture

There's that darn hat again lol. 

Sudden Debt's picture

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


You Cant Handle the Truth's picture

Green sharts, breakin' out all over.

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

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.

doomandbloom's picture

do you have one with gold trimmings?

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. 

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.

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?

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'.

Miss Expectations's picture

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

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?

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.

doggings's picture

-325,  125 to go...

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.

DaveyJones's picture

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

carbonmutant's picture

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

Leo Kolivakis's picture

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

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. 

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.

TraderV's picture

You forgot the traditional "from the upside".

carbonmutant's picture

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

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!

bobby02's picture

Schadenfreude never looks good on you.


Just sayin'

brown_hornet's picture

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

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.

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.




Mr Lennon Hendrix's picture

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