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Dow Jones At New All Time Highs - Here's Why
Curious why the Dow Jones Industrial Average just hit new all time highs? Here's a partial list of recent economic events:
- Markit US PMI Miss
- ISM Manufacturing Miss
- ISM New York Miss
- Vehicle Sales Miss
- ADP Employment Miss
- ISM Services Miss
- Challenger Job Cuts Miss
- Initial Claims Miss
- Trade Balance Beat
- Non-Farm Payrolls Miss
- Hourly Earnings Miss
- NFIB Small Business Miss
- Wholesale Inventories Miss
And that's ignoring the absolute economic collapse in Europe, the Chinese slowdown, and the Japanese economic basketcase.
What is there to even say anymore: Stalingrad 4 Eva! Remember: central planning works.
and if pictures are better than words...
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It's funny how things work when the value of money is driven to zero.
'funny' as in an epic tragedy looming
hmm-the beat was in trade balance and exports of gold probably had a lot to do with that.
how come if a market maker / trader manipulates a market he gets fined, thrown out of the business, and jailed but when the fed does it it is called QE
Correct! Advance two spaces.
Will BB buy everything with his BB bucks ? and if so how will we re-price all these assets in real value ? Sure BB can print money and say XOM or IBM or SPY is worth this many BB bucks but what's it really worth in real measure while the economy sits in a deep doodoo depression and nobody wants or can afford what these companies make anymore ? Will I give a fuck if BB says IBM is worth x in BB bucks ? fuck no but I guess he's determined to show us he can own everything with the money he prints out of thin air. Good luck BB let us know how you plan to reprice all this shit to reality once your done fucking with it.
buy low sell high $$$$$$$$$$$$$$$$$$
Where did I leave my fuckin' "ATH"-hat. I'm sure it was here, recently ...
On a related note,I really think silver, being down so much in price recently, presumably due to lack of demand, is a great buy at this price, and I would definitely buy some, except that all the dealers I check with are out of stock. Joseph Heller couldn't invent stuff this fucked up.
No, but Kafka could. Metamorphosis is some strange shit. Oh, and buy silver (BTFD). I'll be making my first purchase shortly. Dollars are worthless.
This is my point - I WOULD buy silver if I could, because dollars are worthless, but I can't buy silver because there's none in stock, although if it were in stock, the price would be fantastic. It's like something straight out of fucking Catch 22.
Have you tried looking?
http://www.gainesvillecoins.com/category/470/generic-silver-bars.aspx
I'm more reminded of Kafka's "The Trial" recently
How much does the short squeeze on FSLR help the nasdaq today?
Enjoy it while it lasts, becaause what lies on the other side of the mountain is not going to be pleasant.
Anyone who is still "enjoying" it had better dose up on their meds...because they are like this guy:
http://www.youtube.com/watch?v=_Qu6d0lE1z8
I am loading up on SPY, DIA, and QQQ at these low prices!
WHeeeeeeeeeeeeeeee........................
Tyler, you are soooooooooooo last century. What drives the stock market is not the economy. Jeezus.
i really believe with this type of fraud going on in the market, we will see 16,000 dow before the quarter ends. its become that big of a joke, not that the number will mean anything, but just for laughs.
...We got to move these refrigerators
We got to move these color TV's
I want my
I want my stimulus
I want my
I want my free money
I want my
I want my QE
Money for nothin' and your chicks for free
Money for nothin' and chicks for free
The 'ole reflation trade is back!
There is no mystery to this. Money is scared, looking for a place to hide.
Previous to every recession you see this happening. Right now banks aren't safe, any other investment pays peanuts on a return, what's left?
You got it, equities.
Right, because seeing a massive gain in various accounts then confiscated into government coffers as brokerages go broke isn’t possible – as well shown to us by MF Global and PFG Best. DOW 2 BILLION hat ON THE WAY! 2 beeeeelion dollerrrrrs!
This is going to end up being the fucking sweetest I TOLD YOU SO in the history of earth.
There is no way staulks are going to carsh!!
No way!
It's easy for something filled with Helium to defy gravity.
I just wish the Helium wasn't my progeny's future debt load.
Ben Bernanke, I am still waiting for my:
And Ben, when you start treating citizens like bankers and bankers like citizens you'll be on the way to saving your soul.
He will be back in academia just in time to write a thesis about what is about to happen.
When nothing is making sense in the framework of your OLD and TIRED paradigms, why not trying jumping out of your childish sand box and grow a pair....most of you not only think in a box, you not only live in a box...etc...why not say, "what the fuck is a box?...and mean it for a change...like the wise folks do...
If it feels good, do it.
In many respects, hedonism might be likened to Satanism among the Jesus-following crowd, or by those who subscribe to most any other major religious system, for that matter.
so should we just embrace the 'change' and stop fighting the Fed and go long equities even though we know that this all leads to tears on a global scale with much misery, just to capitalize on fiat gains (ignoring inflation)?
if you intended something else, please explain.
He's still in the sandbox.
His Tonka is bigger than yours (even though he stole it from the neighbor kids).
But wait, a MISS is just a HIT somewhere else, silly. BULLISH.
BIRD FLU
KOREA
MIDDLE EAST
CHINA SLOW DOWN
JAPAN BASKET CASE
EUROPE (ALL OF IT)
STEALING PEOPLE SAVINGS
INSOLVENT BANKS
NON STOP INSIDER TRADING
HFT
RECORD GAS PRICES
50 MILLION ON FOOD STAMPS
RECORD POVERTY
100 TRILLION SHORTFALL ON ENTITLEMENTS
17 TRILLION NATIONAL DEBT
1 TRILLION STUDEN LOAN DEBT
DROUGHT
NO BUDGET
DEBT CEILING
I'M SURE I MISSED A FEW
Makes sense.
DJIA outperforms Zimbabwe Stock Exchange. The BernaQE4EVA must be a proud fellow.
It's not a market, it's just a number that bears no realation to anything fundamental. The US markets are rapidly becoming the biggest joke on the planet.
What else then an "all-time-high" was there to be expected, governed out of a choomroom ...
The Bernank is back, keepin their pockets fat.
QE here to stay, to Tyler's dismay.
BitCoin on fire, murderers for hire.
Kill the golden goose, give the proletariats the noose.
Never ending saga, to close to the ledge.
Keeping it real at muther fucking zerohedge.
but , but ,but....you didnt count all the positives..hey a cow!
Benny's buy program trumps all... look at that skinny, narrow, low volume channel and oh by the way another new high. "It looks so Real", lower expectations higher intervention.
If the vix hits 11 I'm buying. Just like last time.
Thats it. Trade Balance beat. :That is why we are here. Oh God Bless America. Until it all goes Poof!
and thats precisely why this market will go to the moon. there is still too much negativity out there, retail has barely budged so i expect things to improve a lot before we get another crisis. buy this market and you wont regret it.
retail over here in Europe is getting monkeyhammered.
the reason is obvious of course... eastern hollidays...
like that never happens EVERY YEAR!!!
retail sales are down 21% the first week of april and things aren't looking up.
I think he was refering to retail investors (joe 401K). He thinks they will think they are missing a ride up and jump in, giving the market another leg up. I think the majority has been burned twice (2000 and 2008) and won't get burned again. I may be wrong, but I think the more interesting question is how to short a market in real terms. Until I figure that out, I'll sit on my silver and wait for the collapse. Earnings season the trigger?
the mother of fools is always pregnant, so 2000 and 2008 dont matter, short memory, missing a rally is the hardest thing to endure, retail will you please jump abord!
I sense sarcasm, or someone who has gains to sell to a sucker.
... We don't need another crisis, the one we are living is a fine example.
In the world of negative interest rates, imploding fiat, and bank account confiscations why not buy the preferred stock of a large us company with predictable cash flows?
Where else to go other than phys PMs?
finally a mentally sane person here
Good piece on why the Dow is a useless metric from the Planet Money Team:
http://www.npr.org/blogs/money/2013/03/12/174139347/episode-443-dont-bel...
Can we start a pool picking the date of the collapse and the amount of points the S&P will loose? $25/head winner takes all!
don't trust those youtube movies.
the big collapse will be here when the S&P and the DOW double in one day and the dollar loses 70% of it's value in a month.
And to be sure you don't profit from it, they'll raise taxes on gains to 50%... because that's only fair.
And it is fair. It's a "dumbness tax" if you did not pull money out of system while you had time. Even with Cyprus, a lot of people knew situation beforehand. And if you did not pull out... well.
That's how I ended up with 5 kids... not pulling out in time. You'd think I'd learn, but it's so much easier to believe "it won't happen this time".
this Durd-idiot still doesnt realise that mkt dosent reflect fundamentals anymore.up up up squeezee the assholes shorts oh yeah.
still fails to see uptrend? I wonder what happens to hid 2012 dejavu theory when the dow will takr out 15 k by few hundre?
assuming that he cums only if the mkt is down more than 1%,he hasnt ejaculated more than once and is unlikely to do so more than about four times more until 2013 ends.LOL.
Yes, But look at those Bolinger bands and tiger gartleys. By the way, What is a Tiger Gartley and a Bollinger band?
I think I reave read all of these comments before? There must be a glitch with ZH repurposing posts... I wonder why?
Noticed same, volume?
Whew! If the market ever gets good news it'll tank? I must be missing something.
good news like Obama's extension of his reign till 2099?
A) The rich are getting richer,
B) The middle class is disappearing,
C) The poor are multiplying with some insane calculus.
D) All reason enough for the market to go higher (See A for further clarification).
Crack-up Boom!
Simply amazing that not one of the major retirement funds (like Calpers) has decided to lock in any profits - everyone is non stop buying. I would expect it from the algo bullshit but these multi-billion dollar funds have to be sitting on 10-15% gains on the year in just a few months. To not lock in profits is purely stupid imo. The fact that nothing stops the buying on low volume tells me that all the players are "in" until the scam is up.
I guess everyone got the same call from Bernanke about the game plan. You buy stocks. I buy futures. We both win.
Well, it makes sense if you're trying to collapse the system. That is, get the majority of the population into a position where their retirement and investments are gone. Then they must be dependent upon the very government that took it all from them? By it, I mean freedom.
To quote a really bad actor from a really bad movie: "Pretty cool, ain't it?"
apparently nuclear war is "priced in"
It's called inflation you fucking moron.
I would then ask why gold trends lower, silver also. Those are priced in dollars - inflation would bring those up also but they are stting at 6 month lows+
So, why wait for earnings season to actually report? Alcoa alreay gave the all clear!! Really? There's just zero fear, zero rationale and 100% StoneDum!
Earnings wont matter - the market normally looks 3-6 months ahead. Perhaps we have moved ot looking 2+ years ahead (aka internet bubble 2.0) They will not care about this Q earnings at all. would not be surprised to have 60% of the companies miss and the market moves up another 5%. Even lowering of estimates does not seem to affect things - that is simply discounted.
Anything of a questionable nature is "simplpy discounted". What is certain is QE4EVA!! That's all one needs to know. The RED BUTTON has been completely discounted, totally destroyed, nullified, exempted, anihilated, crushed, squeezed, torn and broken! I'm good.
If the SPX fails to break out convincingly then it should go back to the bottom of the range 1538 quickly!
The Dow must be close to a major top. There's so much internet bitching from bears about rigged this and inflation that. Not that I disagree with the general sentiment of this bitching....just sayin
It means more stimulus and more QE
Pravda USA regurgitates reality into non-reality. And, then, it collapses, because the lies get so bad, no one can relate to them anymore.
There was a point during the peak of Stalin’s power when no Russian any longer believed the official line that Russia was strong and moving forward because it was completely devoid of the truth.
Pravda USA has developed its official line on where the country is and its priorities on the morning shows, on the networks, with the entertainment, by the comedians, and from the press to the point, that just like in the U.S.S.R., there are literally thousands every week who’ve stopped believing it.
It seeps into the public mind, even those in the military and the government sector, that we are living a lie.
And that is when the people begin to try to bring it down.
We’ve reached the point where the public is starting to draw the line. When a man can no longer receive a pension from his company, when he and his wife are working three jobs to make ends meet, when the gasoline that takes him to work keeps going up, and, then, he sees the bankers and politicos may seize his small personal retirement account after taking his life’s savings, we’re talking the end of the bankers’ run.
Fortunately, we have an example of the failure of the banker plan to create crisis and take over the world – The EU. They can’t bail it, they can’t fix it, and they can’t put it together again. They’ve got chaos and everybody on the alert that the politicians are trying to take their lives.
can ben & later fatso keep the $ devalued? yes then buy stocks no oh sh#t
Epic sell off coming in the next few minutes. We will close red on the major indices.
What is telling you that is where we are headed?
Its called printing money and using it to buy EVERYTHING so when EVERYTHING goes to shit if ANYTHING SURVIVES, You own it.
UH! - Just let me - UH! - Fuck Prector and any other "Elliot Wave" dudes - UH! - a little - UH! - harder. Fuck'm like all them other bears - UH! XOXO The Bernank PS Let's bitch slap those gold bugs at the same time.
Here's another take on the markets, for my fellow ZHers.
Even The Bulls Are Becoming Wary: Can We Trust The Market Any Longer? - Seeking Alpha
Trade Balance: beat! Time to buy!
The "Wizard of OZ"; until NOT! This has to collapse before Daddy Bernanke leaves, so justise can be served.
I think you left out
Bird Flu Death Toll Rises to 8/
http://abcnews.go.com/blogs/health/2013/04/09/h7n9-bird-flu-death-toll-r...
Misses are actually GREAT for stocks, and so is high unemployment.
http://t.co/9Ju3twGBhY
In other MSM trolling: What stocks should unemployed investors buy? http://usat.ly/16JliSW
I swear to God this shit isn't real.
MY BEAR NUTS HURT!!!
Record unemployment would push this market to ever new highs.
More missess and higher unemployment is very bullish!
Surprised to see any bears left after this action.
“Woe to you O earth and sea, for the Berneke sends the Beast(PPT) with wrath, because he knows the time is short. Let him who hath understanding reckon the Number of the Beast, for it is a human number. Dow 66,666.
I can hardly wait for the false flag . Party on Garth!
I remember the internet Bubble. My Dad told me in 1999 to pull out all the way...sadly, I only pulled out half way and lost most of the other half of that money thinking, "I know better....stock prices never drop."
"Houses prices never drop," also they say.
It's gonna be worse then last time. As my Dad says, "Hope for the Worse, but prepare for the Worser."
One Word NOMINAL
Bitchez....
Couldn't the FED just combine with the US Post Office. Then they could just hand out newly printed dollars with your mail and we could get to DOW 100K sooner and save the post office as everyone would want mail and dollars everyday!
HFT algos don't care about any of this stuff.
.....no, say it the other way round: algos NEED these figures.
I can't believe it; fund managers telling people now is the time to buy.
Funny, I remember hearing the same things in 2000 and 2007.
Market levels unchanged since 1999, with 14 years of let's say 3% inflation, stocks are worth -42%.
Oh yeah, buy this market at the all time highs, we promise you will "make money".
Yes Wall Street and Hollywood have Completely Collided as is witnessed by the market's "special effects".
Both are equally lame and ludicrous.
Both have absolutely no basis in sanity or reality.
So the early leak of the FOMC minutes is the real reason... but that shouldn't stop you from imagining other reasons. Carry on.