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Dow 14,000

Tyler Durden's picture




 

Presented with one comment... 'wealth'

 

 

and what drove us here fromthe 10/17/07 last time we passed 14,000

 

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Fri, 02/01/2013 - 11:13 | 3206156 not fat not stupid
not fat not stupid's picture

<clap-Clap-KLAP!>

Fri, 02/01/2013 - 11:15 | 3206179 Say What Again
Say What Again's picture

Man, the hookers & dealers in Manhattan are gonna be real busy tonight

Fri, 02/01/2013 - 11:20 | 3206208 Ruffcut
Ruffcut's picture

Goldilocks needs the work, anyway.

Fri, 02/01/2013 - 11:34 | 3206259 derek_vineyard
derek_vineyard's picture

Tylers------------Join the party!  Everything is UP 5 years running.  Benny B is a genius. 

Fri, 02/01/2013 - 11:36 | 3206273 Watauga
Watauga's picture

Surely sarcasm, right?

Fri, 02/01/2013 - 11:51 | 3206329 Fish Gone Bad
Fish Gone Bad's picture

Warren Buffett just won his $5 billion bet. 

Fri, 02/01/2013 - 13:16 | 3206607 Harlequin001
Harlequin001's picture

Perhaps he should share it with the tax payers that made it all happen...

Fri, 02/01/2013 - 13:37 | 3206697 redpill
redpill's picture

Can we see it priced in gold?

Fri, 02/01/2013 - 13:45 | 3206717 hedgeless_horseman
hedgeless_horseman's picture

 

 

Fri, 02/01/2013 - 14:13 | 3206793 Tsunami Wave
Tsunami Wave's picture

How about the U.S.'s GDP in terms of grams/ounces/tonnes of gold?

Fri, 02/01/2013 - 17:31 | 3207552 The Monkey
The Monkey's picture

To see the market at these levels, with this level of sentiment, and just having hit the all-time lows in risk aversion, is very, very disconcerting.

Retail is now climbing in, after a rapid 4 year ROC and an expected YOY 4th Qtr decline in earnings.  These policies are shameful.

Fri, 02/01/2013 - 15:20 | 3207027 Zap Powerz
Zap Powerz's picture

We will all soon be the poorest millionaires on the planet!

Fri, 02/01/2013 - 11:42 | 3206295 smlbizman
smlbizman's picture

i think i can i think i can i think i can i think i can i think i can....

Fri, 02/01/2013 - 11:49 | 3206323 dick cheneys ghost
dick cheneys ghost's picture

The Dow is Awesome................Ill be charging up 3 to 4 thousand on my credit cards this weekend.

 

p.s I wont be paying it back...............ROCK ON BITCHES

Fri, 02/01/2013 - 12:00 | 3206363 THX 1178
THX 1178's picture

Are you buying phyzz or something? /sarc (not really)

Fri, 02/01/2013 - 12:18 | 3206414 dick cheneys ghost
dick cheneys ghost's picture

ABSOFUCKINGLUTELY

Fri, 02/01/2013 - 11:16 | 3206186 Groundhog Day
Groundhog Day's picture

IM RICH BITCHEZ

Fri, 02/01/2013 - 11:28 | 3206239 Dr. Richard Head
Dr. Richard Head's picture

...that is until the double top finishes it formation.

Fri, 02/01/2013 - 11:34 | 3206267 ZeroAvatar
ZeroAvatar's picture

.............didn't you mean until the TRIPLE top finishes its formation?

Fri, 02/01/2013 - 14:39 | 3206852 tarsubil
tarsubil's picture

If you look at the long term Dow chart it seems obvious. We are in the beginning of the 5th year of the third 6 year cycle. This thing will implode anytime within the next 2 years. The more it goes up from here, the more obvious it seems to short it. That's what it looks like to me at least.

Fri, 02/01/2013 - 12:26 | 3206430 Carl Spackler
Carl Spackler's picture

Oh yeah... WEALTH

1st of the month, today, just paid my mortgage (with the PMI payment), the lease  on my Escalade, and all the minimums on my credit cards.

Thank you Obama and Bernanke. 

I FEEL wealthy, today!

Fri, 02/01/2013 - 15:14 | 3206997 Zap Powerz
Zap Powerz's picture

I bet all those newly unemployed people and people leaving the work force (they're not unemployed since BLS doesnt count them) for good also feel wealthy today.

 

Fri, 02/01/2013 - 11:18 | 3206189 TideFighter
TideFighter's picture

Printsterity.  

Fri, 02/01/2013 - 11:31 | 3206197 TruthInSunshine
TruthInSunshine's picture

Remember, there is transitory "wealth" that will trickle down from the POMO-Equities-Bonds 'virtuous circle' ramp-a-thon that The Bernank has inflated using digital fiat, and the indexes (especially the Dow, Spooz & Russell 2k) are concrete, irrefutable proof of this (even if the real health of the economy, labor markets, level of aggregate demand, and government fiscal dis-health are not), until this inevitably collapses as all such bubbles do...

...so...

....there's that.

Fri, 02/01/2013 - 11:42 | 3206296 LongSoupLine
LongSoupLine's picture

Fuck you to the bowels of fucking burning hell Bernanke you fucking rapist of young children's future wealth.

 

Fucking die a painful burning death to you and the fucking Fed you subhuman fuck.

Fri, 02/01/2013 - 11:13 | 3206168 thismarketisrigged
thismarketisrigged's picture

15000 by end of next week. 

 

things r great here, i feel so wealthy, this is the best indicator of the economy. boy i will laugh my ass off when this collapse happens and watching all these fucking fools on tv panic and flip flop.

 

fuck them all.

Fri, 02/01/2013 - 11:45 | 3206299 WSP
WSP's picture

Not so fast, thismarketisrigged.  In fact, your handle says it all.  You see, you are 100% correct that this most criminal fiat ponzi scheme every concocted by mankind will crash and burn.  Where you get it wrong is that while you "think" you will laugh your ass off, the joke will be on you (and me and most of the rest of us that are not insane sociopaths).   Yes, what will happen as it always does is the market will crash and the most foolish of the fools will be rewarded.  The short sellers will be the bad guys (again)----basically, anybody that is not insane and has the ability to read a basic fraudulant balance sheet will get punished while the ignorant cheerleading lemmings will get bailed out. 

Welcome to Amerika---the most criminal prison planet insane asylum ever created by humans, where up is down, left is right, and if that doesn't work, well, up will be left and down will be right---and if that doesn't work, we will just keep changing our criminal, fiat ponzi scheme rules until heads we win, tails you lose.

 

 

Sat, 02/02/2013 - 01:18 | 3208643 ricky2
ricky2's picture

"where up is down, left is right, and if that doesn't work, well, up will be left and down will be right"

 

War is Peace

Freedom is Slavery

Ignorance is Strength

Fri, 02/01/2013 - 12:56 | 3206525 slackrabbit
slackrabbit's picture

Yea good advice.

We all need to rememeber to record Bloomberg and CNBC every day.

We don't want to miss them pissing themselves when this shit goes south.

Remember folks, that stuff will be comedy history one day.

You'll watch it with your friends over and over again!

If your lucky, one may even off themselves on camera; and if not, a storming mob may do it.

 

Fri, 02/01/2013 - 11:15 | 3206171 mdtrader
mdtrader's picture

15,000 soon.

Fri, 02/01/2013 - 11:15 | 3206172 GeezerGeek
GeezerGeek's picture

At least we won't hear Obama claim that DOW 14000 is Bush's fault.

Fri, 02/01/2013 - 11:18 | 3206194 KidHorn
KidHorn's picture

Obama won fair and square. Get over it.

Fri, 02/01/2013 - 11:30 | 3206248 Dr. Richard Head
Dr. Richard Head's picture

And with it will come the full ownership of the economical happenings under his watch.  Not that he differs much from Bush, but Obama did win and the value of any saving you might actually have will be dropped into the toilet because of him and the Bernanke.

Fri, 02/01/2013 - 11:44 | 3206306 mayhem_korner
mayhem_korner's picture

 

 

I wish I agreed.  The only thing Obama is actual competent at is blaming others.  He has already been pre-blaming congress for the future economic outcomes.  The man is far more dangerous now that he doesn't have to campaign...

Fri, 02/01/2013 - 11:55 | 3206346 LawsofPhysics
LawsofPhysics's picture

You guys are acting like the corporate owners behind Obama are any different than those that backed Bush, they are not.

It's called fascism by the way.  Your "representation" is fully owned and it is not looking out for any of you, but rather the corporate masters.  Nice to see that "divide and conquer" tactics are still working (after some 6000+ years).  Turns out humans never really evolve after all.

Fri, 02/01/2013 - 12:01 | 3206368 mayhem_korner
mayhem_korner's picture

 

 

Your misread of people's comments to get your say in is getting a little tiresome.

Fri, 02/01/2013 - 12:31 | 3206441 Hippocratic Oaf
Hippocratic Oaf's picture

Some people shoot first and ask questions later.

Fri, 02/01/2013 - 14:12 | 3206788 mayhem_korner
mayhem_korner's picture

 

 

...and think they are continually unveiling novel thinking to folks five steps ahead of them.

Fri, 02/01/2013 - 12:33 | 3206446 Meat Hammer
Meat Hammer's picture

"It is in your nature to destroy yourselves." - The Terminator

Fri, 02/01/2013 - 11:39 | 3206275 Watauga
Watauga's picture

Obama is in office, to be sure.  Whether he won, well, that is another question.  And whether he did so, fair and square, wow, that is truly an entirely different question.

Oh, and you can get up off your knees and wipe that stuff away that is dripping from your lips.  Obama is tired of you.

Fri, 02/01/2013 - 11:40 | 3206280 yogibear
yogibear's picture

Look at your increased taxes and healthcare cost. See how fair and square it really is.

Fri, 02/01/2013 - 11:46 | 3206308 smlbizman
smlbizman's picture

irs says...the basic (bronze) obamacare package 20,000.00

Fri, 02/01/2013 - 11:48 | 3206312 roadhazard
roadhazard's picture

I know exactly how the wingers feel. I was dumbfounded when BushCo got a second term. It was close though, the democraps ran the dumbass Kerry and he almost won. What a pisser that would have been for Hillary... oh wait... and wait some more.

Fri, 02/01/2013 - 13:31 | 3206673 Overfed
Overfed's picture

WTF is a "winger"? A fan of the eponymous 80s hair band?

Fri, 02/01/2013 - 13:54 | 3206738 55 men
55 men's picture

Sure he did, by cheating successfully.

Fri, 02/01/2013 - 14:28 | 3206838 DosZap
DosZap's picture

Obama won fair and square. Get over it

Anytine there is a Chicago character involved in any election, fair and square is not even on the table.My money is on voters boxes were so tampered with it's a laughingstock.

Only the Demoncrats can steal elections and no one says a word.

Plus what did he win?, Four more years to tear down what he hasn't destroyed in the first four?.

His middle name should be Abaddon.

Fri, 02/01/2013 - 15:18 | 3207013 Zap Powerz
Zap Powerz's picture

KidHorn,

Was it important to you that Obama "won"?

Fri, 02/01/2013 - 13:18 | 3206620 Jonas Parker
Jonas Parker's picture

And when the house of 14,000 cards collapses, it'll be Bush's fault again.

Fri, 02/01/2013 - 11:14 | 3206174 Marley
Marley's picture

"Wealthy"; Tax'em Danno!

Fri, 02/01/2013 - 11:31 | 3206181 falak pema
falak pema's picture

I dreamt I bought it at 12000; But then I've never flown a Mirage plane. 

What happened to Bob Janjuah, the perma bear? He has gone silent lately!

 Remember this ? : BOB JANJUAH: S&P 500 800 - Business Insider

Here is one who doesn't agree with DJ > 14000 :

Byron Wien: Major Sell-Off Coming - Business Insider

Fri, 02/01/2013 - 11:17 | 3206184 azengrcat
azengrcat's picture

Real ? Nominal

Fri, 02/01/2013 - 11:19 | 3206192 Disenchanted
Disenchanted's picture

 

 

 

Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the U.S. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits. Most of those in the bottom half of the top 1% lack power and global flexibility and are essentially well-compensated workhorses for the top 0.5%, just like the bottom 99%. In my view, the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability. The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it.

 

From:

An Investment Manager's View on the Top 1%
Fri, 02/01/2013 - 11:51 | 3206330 tip e. canoe
tip e. canoe's picture

great article.  like this snippet:

The picture is clear; entry into the top 0.5% and, particularly, the top 0.1% is usually the result of some association with the financial industry and its creations. I find it questionable as to whether the majority in this group actually adds value or simply diverts value from the US economy and business into its pockets and the pockets of the uber-wealthy who hire them. They are, of course, doing nothing illegal.

this fits snugly with the food stamps for the 1% post from last night:

http://www.zerohedge.com/news/2013-01-31/how-stock-market-became-food-st...

the picture is becoming clearer, isn't it?

keep pulling those strings boyz, don't mind the fraying ends, plenty of rope left, right?

Fri, 02/01/2013 - 11:18 | 3206193 ruffian
ruffian's picture

Failed Raid on the metals..........

Fri, 02/01/2013 - 11:24 | 3206216 Al Huxley
Al Huxley's picture

Why do you say they failed?  Looks pretty damned successful to me.

Fri, 02/01/2013 - 11:27 | 3206233 ruffian
ruffian's picture

It's only sccuessful if they can keep them down. Gold now positive again and $7 off the low. If the beatdown can't hold then it will embolden longs.....

BTW.... a monsterous 42 tonnes of gold is standing for delivery at Comex

Fri, 02/01/2013 - 11:30 | 3206251 fonzannoon
fonzannoon's picture

Ruffian no offense but 85 bil a month. The euro is 1.365. The market is ripping. Gold is in the ditch and the starter is shot. You gotta call a spade a spade.

Fri, 02/01/2013 - 11:40 | 3206286 ruffian
ruffian's picture

so Euro and gold are always positively corrolated? Not, sometimes $ and gold are perfectly positevely corrolated. Sometimes equities and gold are positively corrolated and sometimes directly inverse,,,,,,,,,,

FX mkt "managed", Bonds "managed" (FED QE PURCHASES), stocks managed either directly or indirectly thru zirp,,,,,,, metals NOT MANAGED?

The burden of proof is no longer on the metal manipulator arguement but on those that say they are not.........

Lastly, every broken country has only one asset that has the ability to rebalance assets and liabilities..........it will happen in a moments notice when you least expect it......

Fri, 02/01/2013 - 11:41 | 3206291 ruffian
ruffian's picture

Yes, as I just finished tyoing and looked back at gold, I will repeat, FAILED RAID........

Fri, 02/01/2013 - 12:18 | 3206413 fonzannoon
fonzannoon's picture

gold up half what it opened at. market up way on top of where it opened. i'm not saying u are not going to be right. but today is what it is.

Fri, 02/01/2013 - 13:06 | 3206555 ruffian
ruffian's picture

Just rounding here:

year 2000 S&P 1500 / gold $300

year 2008 (march lets say) S&P 1500 / gold $1000

year 2013 S&P 1500 / gold $1660

as you say every moment in time is what it is but looking at a series of moments, well, you get the idea........

Lastly, gold has had a series of two year sideways moves before the next launch, we are currently in one of those....We are within 11% of alltime high and cant say the same for APPL. Gold looks great to me here, digesting huge decade long gains with a very nice sideways movement.

 Look at moments  over time and you will see the correct place to be.......best R.

 

Fri, 02/01/2013 - 11:34 | 3206261 ruffian
ruffian's picture

It's always a good idea to have some degree of paper gold short vs one's long physical position just in case the paper gold mkt implodes and cash settles the longs. I use GLL ( 2x inverse gold bullion ETF).....seems to track well and no time decay like with options....... 

Fri, 02/01/2013 - 13:21 | 3206626 Jonas Parker
Jonas Parker's picture

Keep raiding boys, I have not yet begun to stack! Well, stack enough...

Fri, 02/01/2013 - 11:19 | 3206198 DavidC
DavidC's picture

Hoo-fucking-ray....

DavidC

Fri, 02/01/2013 - 11:21 | 3206203 goldenbuddha454
goldenbuddha454's picture

Lavorgnia-Deutchebank saying recession ahead post fed interest rate increase.  Ya, really?  No, that's not possible given we just spent 5 trillion to get out of this last recession.  Well, time to double down on that porkulus.  OINK!

Fri, 02/01/2013 - 11:24 | 3206225 Al Huxley
Al Huxley's picture

'ahead post fed interest rate increase' - so then never, because the Fed, regardless of what they say, can never raise interest rates again, unless they want to expose the governments insolvency in an undeniable way (as opposed to the apparently deniable way it's currently exposed).

Fri, 02/01/2013 - 11:22 | 3206206 stant
stant's picture

here little muppet here, come on in the waters fine

Fri, 02/01/2013 - 11:22 | 3206209 Squid Vicious
Squid Vicious's picture

Should be around 25,000 by end of the year at this rate... kind of like when I told my girlfriend's mother to walk 5 miles a day, I was hoping she would be in St. Louis by now

Fri, 02/01/2013 - 11:23 | 3206213 Al Huxley
Al Huxley's picture

Huh, I guess I was wrong and you can fix the economy by printing endless quantities of money.  I always thought it would lead to rampant inflation, but other than the 30% rise in the price of the coffee, 25% rise in gas prices, and 10% rise in general grocery items and restaurant prices across the board since the end of last December, inflation appears to be well under control.  Thanks Ben, thanks a fucking lot.

Fri, 02/01/2013 - 11:30 | 3206241 fonzannoon
fonzannoon's picture

We don't need the economy anymore Al. we got the almighty Dow.

Fri, 02/01/2013 - 11:33 | 3206265 Melson Nandela
Melson Nandela's picture

You can always eat an iPad. There´s even a diet version now for the American fatties !

Fri, 02/01/2013 - 11:24 | 3206217 SHEEPFUKKER
SHEEPFUKKER's picture

Does anyone know if shares of the Dow can be bought with EBT cards?

Fri, 02/01/2013 - 11:29 | 3206244 fonzannoon
fonzannoon's picture

Yes but only on margin

Fri, 02/01/2013 - 11:25 | 3206223 Boilermaker
Boilermaker's picture

Rock on ROCK STAR!!!!

That's some psychological shit, right there.

Fri, 02/01/2013 - 11:27 | 3206227 buzzsaw99
buzzsaw99's picture

All it took was $3T in fed largesse and euro-terror flight. A small price to pay for such an important economic pillar such as the dow 30. :roll:

Fri, 02/01/2013 - 11:27 | 3206230 Quinvarius
Quinvarius's picture

Kaminskied!

Fri, 02/01/2013 - 11:27 | 3206234 adr
adr's picture

Yay, the last time we were here economic fundamenteals were cratering, everyone on TV was proclaiming nothing would ever go down again and that concerns were overblown. It was party on to 25k.

This time the story is the same but the only business fundamental that has shown growth since 2009 is fraud.

Fri, 02/01/2013 - 11:31 | 3206246 SmallerGovNow2
SmallerGovNow2's picture

But this time it's different...

Fri, 02/01/2013 - 12:31 | 3206444 viahj
viahj's picture

what about corp debt?  i think China has a slight proplem in that area as well.

Fri, 02/01/2013 - 11:29 | 3206236 q99x2
q99x2's picture

The NWO and their elites are fully reimbursed. Look out.

Fri, 02/01/2013 - 11:30 | 3206238 Seasmoke
Seasmoke's picture

Collapsing Upward ............Forward !

Fri, 02/01/2013 - 11:30 | 3206240 Its Only Rock N Roll
Its Only Rock N Roll's picture

"I'm giving her all she's got Captain" ~ Scotty SS Enterprise

Fri, 02/01/2013 - 11:30 | 3206250 sudzee
sudzee's picture

Fiscal cliff averted, three month spendathon to begin.

Fri, 02/01/2013 - 11:31 | 3206255 ZeroAvatar
ZeroAvatar's picture

.

.

                                                                              X

                                                             XXXXXXXXX     XXXXXXXXX

                                                     XXXXX                                      XXXXXX

                                               XXXX                                                           XXXX

                                          XX                     DOW 14000!                                     XXX

                                        _____________________________________________________________

                                         xx                                                                           xx

                                              xx                                                                   xx

                                                    xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 

                                                                   O                   O

 

                                                                            <

 

                                                                        +++++++

 

                                                                              C

Fri, 02/01/2013 - 13:17 | 3206616 Shell Game
Shell Game's picture

Great and powerful OZ, please bring us gold:dow parity..

Fri, 02/01/2013 - 11:33 | 3206256 Lord Of Finance
Lord Of Finance's picture

This will be a 'slinky' shaped recovery.

Fri, 02/01/2013 - 11:34 | 3206260 Colonel Klink
Colonel Klink's picture

I can't wait unti it becomes dow 7000 again.

Fri, 02/01/2013 - 11:42 | 3206289 Rusty Shorts
Rusty Shorts's picture

Dow Jones Industrial Average
Tuesday, September 11, 2001

Closing Price: 9,605.51
Open: n/a
High: 9,740.44
Low: 9,431.07
Volume: 280,043,500
Go To Charting

Dow Jones Industrial Average
Friday, September 11, 2009

Closing Price: 9,605.41
Open: 9,627.78
High: 9,698.67
Low: 9,532.11
Volume: 196,670,800

Fri, 02/01/2013 - 11:42 | 3206298 Rusty Shorts
Rusty Shorts's picture

Year after 9/11, the New York State Lottery's numbers on the date of Sept 11, turn out to be......

911

Yeah, no joke.

Fri, 02/01/2013 - 11:50 | 3206321 mayhem_korner
mayhem_korner's picture

 

 

So if we discount by five and a quarter years of 4% (my guess) annual dollar debasement, today's Dow measured in 10/17/07 "dollars" is more like 11,800.  That must be the "new" bull market.

Fri, 02/01/2013 - 11:53 | 3206338 roadhazard
roadhazard's picture

Humpty Dumpty is now on the wall.

Fri, 02/01/2013 - 11:53 | 3206344 razorthin
razorthin's picture

This should conclude the blow-off top.

Fukkers.

Fri, 02/01/2013 - 13:11 | 3206586 Jake88
Jake88's picture

LMAO. How many blow offs will we have before it rolls over?

Fri, 02/01/2013 - 12:01 | 3206372 IridiumRebel
IridiumRebel's picture

Currently masturbating to CNBC

Fri, 02/01/2013 - 12:04 | 3206378 Mad Mohel
Mad Mohel's picture

"Hahahahah it's party time, everyone jump in, it's lovely here."

"Uh I think I'll just stay in the corner here with my strippers and booze. Thanks for the offer though."

Fri, 02/01/2013 - 12:26 | 3206429 thismarketisrigged
thismarketisrigged's picture

this asshole from WFC,  just said on cnbc that the market is moving up based on fundamentals. cant make this shit up, also said earnings r doing well, and said his s&p target is 1575 and that maybe a it conservative. fucking asshole

Fri, 02/01/2013 - 12:35 | 3206455 ebworthen
ebworthen's picture

I saw that jackass too, puffed up face, lying through his teeth, talking his game - trying to get Wells customers to pump some money into the casino when it is overbought.

Fri, 02/01/2013 - 13:16 | 3206601 thismarketisrigged
thismarketisrigged's picture

@ebworthen, it is just so ridic how these guys can actually go on tv and spew this non sense to there customers. the higher the market goes, the collapse will just feel that much sweeter. cant wait to buy stocks when s&p hits 600 within a few years.

Fri, 02/01/2013 - 12:29 | 3206437 ebworthen
ebworthen's picture

Just think of the capital gains taxes on that ramp job.

Fri, 02/01/2013 - 12:35 | 3206457 Lost Wages
Lost Wages's picture

Is everyone rich yet?

Fri, 02/01/2013 - 13:18 | 3206612 thismarketisrigged
thismarketisrigged's picture

@lost wages, i am loaded now, im thinking about buying a yacht actually. this economy is great, just look at the market, lol fucking joke these criminals are.

Fri, 02/01/2013 - 12:43 | 3206480 TraderTimm
TraderTimm's picture

I know technical analysis is diminished greatly in these markets due to "external forces" (money printing), but that yearly chart looks like an ascending wedge to me. Those typically wind in for a while and breakout to the downside.

So, a retrace to somewhere around 10,500 seems probable.

Or not, depending on your friendly central banker.

Fri, 02/01/2013 - 13:19 | 3206618 thismarketisrigged
thismarketisrigged's picture

as u said, the technical analysis is diminished in this market. it really means nothing, as long as these assholes keep printing, things will go up. it will have to end eventually though

Fri, 02/01/2013 - 12:47 | 3206489 MikeonFire
MikeonFire's picture

I'm predicting the same thing that happen the last time the Dow hit 14,000. Boom!

Fri, 02/01/2013 - 12:49 | 3206492 Meat Hammer
Meat Hammer's picture

I think I'll ride my 401K up and then quit my job so I can have my money before this shit collapses.  I just don't know, obvioulsy, where the sweet spot is going to be - 15,000? 16,000? Infinity and beyond?

Too bad there's no more Dionne Warwick Psychic Network.  

Oh, and the esteemed "reverend" Jesse Jackson said yesterday that .gov should just take our retirement plans to pay the debt.  I'd like to strap him to Al Sharpton and drop them off somewhere in rural Alabama.

It's 8:45am PST.  Time for a stiff drink.

Fri, 02/01/2013 - 12:47 | 3206494 slackrabbit
slackrabbit's picture

Hooray Happy Days Are Here Again.

Green Shoots have become Green Forests.

The End of Boom and Bust.

This Time Was Different.

Its All Fixed.

Change...and lots of it!

Liesman Speaks the Truth.

I can see them all doing the CNBC circle jerk now....Dow 20000 is coming, because they 'hope' so.

Strangely 20,000 we be good for PM and ZH readers; everyone else, not so much.

Fri, 02/01/2013 - 12:54 | 3206515 ebworthen
ebworthen's picture

"This is all about building street cred for equities again..."

Brian Belski on CNBC just now - Chief Investment Strategist for BMO Capital Markets.

Laying out the need to propagandize a new generation of "investors", how to convince them (fool them) that the markets are not a rigged casino.

Absolute bullshit spewing from this guy; "U.S. is exquisitely positioned..." (yes, he used "exquisitely").

Joseph Goebbels is in Hell grinding his teeth and pounding sulfur with jealousy.

Fri, 02/01/2013 - 12:54 | 3206519 Lord Drek
Lord Drek's picture

So when is QE4? Or are we on QE5 now? I'm confused

Fri, 02/01/2013 - 13:03 | 3206530 Lord Of Finance
Lord Of Finance's picture

That's the problem with these assholes. They don't think about anything but their own self interest. These wealth mgmt dicks on the financial networks know that their dipshit clients are watching. They will never tell the truth or give a disclosure as to where their own money is. They just want to pacify their clients. 

     "Now listen mr. Dumbass, this is only a temporary fluctuation. There is just some typical market turbulence due to a variety short term factors. And besides, don't you here what all the other wealth/mutual fund mgrs are saying? Thats right! Their all saying the same thing that I've been saying. Just hold and continue to invest that percentage of you and your wifes salary I told you to, and it will all come back. And of course I, as well as every other manager and broker here at PIMP wealth management, have our own personal money in these same investment vehicles."

   "Just keep watching CNBC and Bloomberg and don't worry. Oh yeah, one last thing. Pay no attention to that Santelli guy. And that Marc Faber and that Peter Schiff guy are just CRAAAAAAAAAZY

Fri, 02/01/2013 - 13:04 | 3206547 Meat Hammer
Meat Hammer's picture

The dow just hit 14,000

And, in other news, we're all fucked.

Fri, 02/01/2013 - 13:09 | 3206576 Jake88
Jake88's picture

Recession or no recession we're going to the moon. Happy days are here again.

Fri, 02/01/2013 - 13:13 | 3206588 jomama
jomama's picture

just who in the actual fuck is buying this garbage?

Fri, 02/01/2013 - 13:30 | 3206663 eclectic syncretist
eclectic syncretist's picture

The Fed - which means the taxpayers - which means you!

Fri, 02/01/2013 - 13:14 | 3206589 Lord Of Finance
Lord Of Finance's picture

Thats right people! You know what time it is!? 

 

   It's time to party like its 1999, Nasdaq style!

Fri, 02/01/2013 - 13:18 | 3206603 Aurora Ex Machina
Aurora Ex Machina's picture

In the first stage of NEP we permitted a revival of capitalism, permitted private trade, permitted the "activities" of private traders, capitalists, speculators.

That was more or less free trade, restricted only by the regulating role of the state. At that time the private capitalist sector had a fairly large place in the trade turnover of the country...

Can it be said that this is the position now?

 

Of course not.

[Joint Plenum of the C.C. and C.C.C., C.P.S.U.(B.) January 7-12, 1933 The Results of the First Five-Year Plan, J.V. Stalin]


Here all action must be governed by one law: the people does not live for business, and business does not exist for capital; but capital serves business, and business serves the people. In principle, the Government will not protect the economic interests of the German people by the circuitous method of an economic bureaucracy to be organized by the State, but by the utmost furtherance of private initiative and by the recognition of the rights of property....

We also know what are the conditions necessary for a sound exchange of services between the nations of the world. For Germany has been compelled for years to perform services without receiving an equivalent, with the result that the task of maintaining Germany as an active partner in the exchange of commodities is not so much one of commercial as of financial policy. So long as we are not accorded a reasonable settlement of our foreign debts corresponding to our economic capacity, we are unfortunately compelled to maintain our foreign-exchange control. The Government of the Reich is, for that reason, also compelled to maintain the restrictions on the efflux of capital across the frontiers of Germany....

For the overcoming of the economic catastrophe three things are necessary:

  1. Absolutely authoritative leadership in internal affairs, in order to create confidence in the stability of conditions.

  2. The securing of peace by the great nations for a long time to come, with a view to restoring the confidence of the nations in each other.

  3. The final victory of the principles of common sense in the organization and conduct of business, and also a general release from reparations and impossible liabilities for debts and interest.[BERLIN, REICHSTAG. SPEECH OF MARCH 23 1933. A Hitler]

 

At this stage, supercapitalism finds its inspiration and its justification in a utopia: the utopia of unlimited consumption. Supercapitalism's ideal is the standardization of the human race from the cradle to the grave. Supercapitalism wants all babies to be born exactly the same length so that the cradles can be standardized and all children persuaded to like the same toys. It wants all men to don the very same uniform, to read the same book, to have the same tastes in films, and to desire the same so-called labor-saving devices. This is not the result of caprice. It inheres in the logic of events, for only thus can supercapitalism make its plans...

A capitalist enterprise, when difficulties arise, throws itself like a dead weight into the state's arms. It is then that state intervention begins and becomes more necessary. It is then that those who once ignored the state now seek it out anxiously.

[Address to the National Corporative Council (14 November 1933), Benito Mussolini]

 

It was eighty years ago today,
Sgt. Prepper taught the band to play
They've been going in and out of style
But they're guaranteed to raise a smile
So may I introduce to you
The act you've known for all these years
Sgt. Prepper's Auto-crat Club Band

We're Sgt. Prepper's Auo-Crat Club Band
We hope you will enjoy the show...

Fri, 02/01/2013 - 13:21 | 3206628 Downtoolong
Downtoolong's picture

Once again, we here on Wall Street and the wealthy would like to thank all you poor dumb schmucks who were forced to fund this wealth building extravaganza for us.

You will forever be in our debt.

Fri, 02/01/2013 - 13:31 | 3206667 100pcDredge
100pcDredge's picture

So.. we're all vewy vewy RICH!now - right?

Fri, 02/01/2013 - 13:31 | 3206670 icanhasbailout
icanhasbailout's picture

Kevin Henry has a sweet post-government job waiting for him.

Fri, 02/01/2013 - 13:37 | 3206694 stiler
stiler's picture

He is proud, knowing nothing...whereof come envy, strife, railings, evil surmisings, perverse disputings of men of corrupt minds, and destitute of the truth, supposing that GAIN IS GODLINESS: from such withdraw thyself. But godliness with contentment is great gain.

Paul gives the antidote in the opposite equation

 

Fri, 02/01/2013 - 13:40 | 3206709 DavidJ
DavidJ's picture

it went below 14,000.  BTFD!!!  Dow 4Ever

Fri, 02/01/2013 - 13:42 | 3206710 Fezter
Fezter's picture

There once was a man from Nantuckett,

Who invested heavily in the stock market,

He started to frown,

When the numbers went down,

But then he remembered the Fed would just prop it up with worthless paper in perpetuity so he started to feel much better.

Fri, 02/01/2013 - 13:58 | 3206751 thismarketisrigged
thismarketisrigged's picture

here is the most comical part about this market,

 

every month there are always revisions, usually downwards for the prior month, yet the market ignores that and focuses on the current numbers which r postive ( just to get a positive reaction than of course revised down bc it will be ignored then).

 

however, today when the current numbers were below expectations and last months numbers were revised upwards, they ignore todays news and look at last months numbers instead.

 

i really fucking hate these criminals

Fri, 02/01/2013 - 14:01 | 3206754 Smuckers
Smuckers's picture

What's that smell, is something burning?

 

Fri, 02/01/2013 - 14:42 | 3206865 Apostate2
Apostate2's picture

DOW 14k?

Why do I feel like everyone is taking a bite out of my ass?

Will run now, same place. Need to run faster...

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