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Dow 15,000
Sure, why not...
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I wonder if this is what it felt like in the early stages of the Weimar hyperinflation. People all giddy because the markets keep rolling higher with unstopable momentum as their currency is getting butchered by the central banker. I guess time will tell.
Weimar was a little different being that a World World had just ended before the collapse occured.
It was the loss in war that created shit loads of debt and killed them.
Today, we have tons of debt because the greedy fucked up the entire economy through the housing bubble.
Yes, but have we not spent Trillions on the "GWOT?"
Perjaps the same animal under another name.
We have shit loads of debt from ongoing wars today as well.
Also probably not a coincidence that some of the places where military industrial complex corps are headquartered also happen to be the locations where housing prices were driven highest during the bubble.
Marc Faber just went long.
This is the grand experiment Doc. The upside is if it works Bartiroma can finally shut the fuck up about trillions on the sidelines. Imagine if that money ends up coming pouring in? Imagine the wealth effect if the dow just blows sky high and we manage to keep energy prices relatively stable? Who needs jobs? The transmission mechanism actually starts and we actually get wealth without growth...
When she says "sidelines", does she mean "offshore"?
20% chance of Jim Cramer simulatenously combusting w/Dow over 15k.
That would be worth every penny.
I would also pay a large sum to shove him off of any large building of your choice.
He’ll be jumping willingly soon enough along with all the other bankers.
... on mad money. Let's see if it actually happens. I don't doubt that it probably will.
'Short squeeze' explains it all? So who are these ultra dumb mega rich morons who just keep stepping up to get their money taken daily ever since DOW 9,000?? Name any of em?
Biderman.
Rosieeee
For the few trillion dollars the Fed jammed into the markets, this is the best they can do? Really? I expected us to crest 150,000 by now. What a freaking disappointment. Failed policy. Q.E.D.
'It seems a shame,' the Walrus said,
'To play them such a trick.
After we've brought them out so far,
And made them trot so quick!'
Loads of Bubble Bernanke and the Fed's money to get the wagers going.
You can be sure the Fed is going to create one huge bubble.
:cue rally monkey:
http://www.youtube.com/watch?v=EmfE4KAZicY
The VIKINGSs would be impressed with the rate of plundering and pillaging.
Vikings are Punks compared to the Red Shield Clan.
"The job market is looking great for lower and middle class earners" -said every Hedge Fund manager
The Tao of Dow has been attained. Bend like the reed.
Fnord!
The tao of the Dow is safe for now. Holy cow and Wholly Chao.
As liver failure comes on in the terminal stages of alcoholism, the alcoholic paradoxically appears healthier because the buildup of toxins in the bloodstream produce the appearance of a healthy tan (as long as you don't look too close at the yellow eyeballs).
With bonds, precious metals, real estate and savings accounts crushed, people have noplace else to put their money. Which is how TPTB want it.
No actual wealth is created, just the illusion of wealth, and the real wealth is moved only to the croupiers.
watch the harbours and airfields. when the yachts and private jets start getting prepped for evac, then you will know it's time. better have something else besides paper when it comes.
Why do I keep hearing that plinkity tune...
Pop goes the weasel?
And the 48M Americans on food stamps thanks Dow Jones Indexes/ CME Group for making the world a better place.
Gee, I guess nobody told the miners there was going to be a party...all my mining stocks are basically crushed over the last 12 months and flat today. Gosh, who woulda thought. All the sheeple will start buying Apple and Goog again, while the miners are on a fire sale and waiting for real fundamentals to take over and shoot to the moon. The mother of all collapses is on the horizon now folks. The miners are going to be off the charts when the SHTF. But as always...keep stacking the shit out of the shiney Ag and Au gear folks cuz all that other paper is going to go up in flames in the very near future!
Well of course, you're buying the only thing that makes sense. LOL. They'll have all your paper in flames before what should happen does happen.
GSS is looking attractive again. However it is in a bear flag consolidation and could easily dump to it's prior low but it's not that far off. Worth watching.
No one needs metals because you don't need to make things to create wealth anymore.
Just for future reference whenever you see the DOW cross over the 500 mark the likelyhood of it crossing the next even number is high. And as I already posted it was a likely crossover point as today is Friday. Once again consumers.........everything is fine in lala land go blow what $ you don't have this weekend at Walmart to support china's blowing up economy and if you don't have any please use the last $25 on your credit card.
That's how it is.
This is the road to serfdom. Central planning reaching out into the stock market...Doesn't serfdom feel great?
I give up! Today, I'm selling all my gold and silver and parking the money in SPY and DIA. This SoB is never going down
At least you chose the right Roman emperor's name to make your point.
Lol, Caracalla unleashing massive QE during his reign too. The silver content of the denarius went from like 80% to 30% in a few years. Americans should read about the next 80 years of Roman history to see what comes next for us.
That's a nasty reversal candle up there...Just sayin'...disregard ALL other perverse dichotomies and divergences...!!
So, this ISN'T a bubble, correct?
DavidC
It's a self fulfilling prophesy. All the money managers are now scrambling to outperform the S&P by buying the S&P 200 points later. Cause....that's how.....you outperform????
- Art Cashin
Somebody on this site was confident that the S&P wouldn't see 1600 by week's end.
Are you still around? S&P 1600 would like to see you.
I thought it was going to happen Monday. I was expecting a slight pullback here due to it being a non-POMO day.
Wow, that sequester really was devastating.
LOL!
It worked in 1995, too.
If the Potomac flooded D.C. and it was totally evacuated, S&P 2K would happen next week.
Why... I don't get it... this presupposes some kind of "cause" - doesn't it?
The first rule of Marketz Club is ... it don't have to make sense!!!
Bullish for Dow 15000 hats by Susquehanna hat company
http://www.youtube.com/watch?v=THZV5g1CNZM
Banks need collateral.
Now that the markets hit all time highs, pension funds and hedge funds have an excuse to reduce their vol barometers...in May and will go away for the summer...and just in time as school is out in a couple of weeks.
Let's see....I'll load up on Financials, I mean their books are transparent and those risky "derivatives" are all sold, right? Then I'll load up on Municipal Bonds as cities are in great shape, right? Then I'll sell all my physical gold and silver because what happened in Venezuala, Argentina and Cyprus can't happen here!
i reccommend Detroit and Spanish munis.
I always tell the truth! [ even when I'm lying] Tony Montana...
Makes perfect sense in the new normal. There should be no limit to how hight it can go. The FED money printing is seemingly unlimitedly higher, so why not the DOW?
14k to 15k in less than 3 months. Straight up 8k + in 5 years. Nothing but pump.
It's so out of hand even the perma bulls are running out of explanations for the roid-rally.
'Recovery around the corner' is getting to be a hard sell.
Even the sell siders, financial planners, and ponzi faithful hafta be hoping that "they at least try to make the thing seem like a real market."
This WILL end badly!
I think badly is an understatement for how this will all end.
Hey it only took 5 years of ZIRP, 3 QEs and now endless QE and fictional accounting standards.
My thoughts exactly.. I just wish I knew when.
Remember James Glassman and Dow 30,000? Half way there.
WTI is only $95.50...Score..This can go on forever right?
WTI to $140 then $10
Maybe the Austrian "crack-up boom" has arrived.
if the jobs numbers were horrendous compared to expectations, we would prob be flat now , lol
16000 next week, 17000 by memorial day, 20000 by labor day. why not, fundementals dont matter, its all printing
lol at cnbc continuing to say '' all the cash from the sidelines coming into the market'' laugh out fucking loud
Basically we are seeing that cutting government spending aka sequestration is actually good for the economy.
Imagine what actual AUSTERITY would do.
AUSTERITY for whom? The military industrial complex has seen no real austerity yet. The last time they faced real cuts 9/11 happen, completely unforeseen of course.
the difference ostensibly between Bush and Obama was this. Under Bush a trillion (Iraq by example) was siphoned off the top of the economy and placed in offshore bank accounts, money which otherwise did not go into economic activity, but to political war chests, and personal self aggrandizement. Some of this money was thrown out of the back of pickup trucks in Baghdad.
Now under Obama we are doing the same thing. (see Ghost payments to Karzai government) although the pretense is mildly stimulative through vaguely rackateerlike tech ventures, Solyndra, the whole electric car boondoggle. There is the illusion of an effort to put money where it do some good.
post 9/11 many DOD contracts are black, sealed and non reviewable. as potus your only chance of making cuts is to starve the beast (through sequester) and hope, hope, HOPE that the DOD can police itself, and not cut vital services, while weeding out the phony spending.
congress likes to speak of Defense in the aggregate which makes this business a lot tougher. in the end i suppose we will end up with a completely corrupt military, building crap we don't need, while ignoring their real duty. why should they be any different. there is no solution
i think that's very good news
bernanke needs to have the occasional "evidence" in order to maintain its dollar destroying policies with less political pressure
and i guess they can keep the economy going even if nobody has a job, (as long as workers in their prime years keep checking out of the system) and demand for goods and services is steady, while the 1% is willing to share the wealth with the 99%. almost had you there for a second didn't I?
Job numbers are seasonal staff coming to work - This is just recreational. Cat is still down from 60 days ago. too much media hype. Do we really trust any numbers the gov't puts out? especially with the printers screaming and bernake looking for the nitro button. Is it possible the central bank wants to devalue gold further to purchase more gold?
can we please get a fake tweet to send the markets crashing?
i know it would be temporary, but itd still be fun to watch for a few minutes
Hedgeless Horseman, please tell me you didn't have a put in this morning, betting on the non-POMO day.
All the crazy shorts, where you at?
May 13th next day.
The good news, it won't affect that could clean country living.
The communist takeover is almost complete. The sheep will give over whatever they have left.
Exact same things happened before in Greenspan era, he kept printing dollar yet gold kept sliding right before hyperinflation set in. Once big banks finishied repairing their balance sheets, they will turn around and push commodities to moon, then they higher interest rates. Your hair cut is done, hello!
What about the big french bank down 45%? Leading technicals down around the world. BLS # revisions, +\- 200000, when we all know world wide labor stats are at revolution levels as in viva la revolucion. Oh wait. We're about to arm them. Smack down PMs . If your trying to ruin a finacial/ currency/ social system used by a large portion of the planet you are succeeding thru the vail of currency manipulation. So whats next? When does the Jenga block fall? Will we confuse the algos somehow? A human could surely do that and head for the door. How about the govt of cyprus taking their cash and declaring their new currency bitcoin. Please do that cypriots because odds of succeeding are about the same as they are now. Maybe better and I would be an instant millionaire. Woo hoo.
When this finally unwinds... man oh man... its going to be breathtaking to watch the horror. Trillions starting to move...
Meanwhile...Main Street folks are having their lives crushed underneath all this corruption, lawlessness, and infinite fiat. And 90% of them have no clue why it's really happening because they're stuck in the whole right/left bullshit paradigm. The government divides and conquers while stealing our freedom and wealth right out from under us. Well, not all of us...but we are so few compared to the number of sheeple getting fleeced by this treasonous system.
I wish I could get more people to trade in some of their FRN's for REAL silver. Over the last 3 years or so I'd say I've "woken up" at least a dozen people or so. But that's probably after trying to get 200 to wake up. The conversion rate is much too low unfortunately. The only problem is even though they're "awake" they aren't all in the right positions monetarily to prepare themselves accordingly. They're so bogged down by debt, work, family, etc. that they don't have the time, engergy, or extra fiat to prepare. So they just somewhat go back to sleep and I think they hope and pray they will live through the collapse and the reset even though they have no means to do so.
Because of this they also aren't out there waking others up either...they may know now and understand what I've been saying all this time...and they're aware enough now to see it happening all around them. But they don't have it in them to go out there and wake others up.
It really sucks. All I get from the majority of my friends and family is "well when the end comes we know who's house we're going to since you have all the food and guns!" Well, that might be well and good for a few of them. It will be good to have a crew to help defend things if need be. But I can't support a lot of people for very long.
Now I've gotten to the point where I have to decide if I should even continue to try and wake anyone else up and get them up to speed so that they can prepare. You have to be careful now who you tell about certain things, becauase obviously you can't control who they might tell certain things to, and when the SHTF you don't need "others" showing up at your place trying to steal your shit, ya know?
So at some point you have to decide if you should just go silent and take care of your self...but that means you aren't reaching out to more people trying to wake them up. Tricky situation indeed. Once silver and gold take off to the moon it's really going to get ugly. People will be desperate to get their hands on any little bit of the shiny they possibly can and NO ONE will be selling at any fiat price. Anyone with phyzz is going to be defending their stacks hard-core with serious lead and lead delivery systems. Plus we'll have to deal with rogue police, gangs, zombies, and para-military. Not going to be fun.
I could go on, but will stop now. Oh well...
Hang in there dude. If we aren't going to keep trying to wake these people up, who will?
I appreciate that man...I do. I know only "We" can help to wake people up, because obviously the crime syndicate better known as our government and media surely aren't going to admit what they're doing to everyone behind the scenes.
I go through these ups and downs...I'm sure you all might be familiar with that kind of frustration. I feel like I do all the research, read all the right information, email links (especially from Zero Hedge) to dozens of people almost daily as proof what I'm warning them of is absolutely very real danger on the horizon, send them book recommendations such as The Creature From Jekyll Island, etc., and plead with them to prepare, prepare, prepare.
Of the many hundreds of emails I send out I get practically zero in return from nearly everybody other than my dad, brother, and 1 other friend who totally knows what's up but doesn't have the means to do anything to prepare for it.
So I go through these times where I just figure I'm preaching to the choir or yelling at the side of a mountain and I'll decide it's less frustrating to just stop sending anybody any new information. I get a little resentful that it seems like nobody listens and I just keep things to myself and continue preparing on my own.
But that only lasts a few days or at most a week and then guilt or whatever you want to call it kicks in and with the massive amount of very important info I read on a daily basis (at least 50% of it from ZH of course) I eventually feel I need to start sending those emails out again to give everybody "one last chance" at getting serious about this stuff.
So it's an up and down thing for me. Maybe some of you know how that feels. It's funny...the only other person I know who is as with it and at the same level of understanding what is really going on in the world right now is the owner of my LCS! lol I've been going into his shop for 2 years now and he totally knows what's up. He may even be reading this post right now, lol.
But thanks for the reply and kick in the butt Fiat Burner...I hope we are all making a difference!
Dow Chemical Company celebrates in a brief moment of misunderstanding.
05-05-2013 +/- 2 weeks is the peak of the DOW. As mentioned more than once already earlier. All those shorting earlier could made money in going long into this timeframe. So far everything like clockwork. We will see whether also this turn comes inside the projected "last hurrah" window.
Target was SnP 1605-1610. We have overshot - or the projection was wrong.
After this window down into February 2016. Think of something like 700 +/- 34 for the SnP.
Positions as of today:
Short DOW 15001, Short SnP 1608, Short SMI 7942, Short France 3900. After confirmation of the reversal Shorts also for DAX and FTSE. All core positions into 2016. The next major reversal in late fall will be hedged via longs.
Gold in choppy choppy waters still. That may change all of a sudden.
Dow 15,000 reminds me of the scene in Goodfellas when they pulled off the Lufthansa heist and Dinero tells the guys to keep it on the low, but they all start showing up to the bar in pink cadillacs and furs and diamond necklaces.
Nothing to see here. Move along. Stop asking questions. It's all good. Nothing abnormal at all.
And after that scene everyone starts showing up dead in garbage bins with music by Clapton.
Can't wait to hear Obama's exciting speech this afternoon about 'Anti-terrorist, jobs, economy and America returns to prosperity'.
LMAO! so true!! the sad thing is the sheeple will buy it.
Dow at 20,000!!!!!!!!!!!!!!!
Dollar at 0.
stock market is nothing more than a re-distribution of risks among the top 1%.
the more wealth they accumulate the higher the evaluations and the real economy has nothing to do with it
Game over. Thanks for playing.
Blue horseshoe LOVES dow 20k … and rat-lamb burgers!