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Wondering "Why You’re Still Poor As Dow Flirts With 17,000" - Marketwatch Explains

Tyler Durden's picture


It really doesn't get any more ridiculous than Marketwatch's question du jour. As for the right answer, is it:

i) because you haven't taken out a fourth mortgage on your house and bought GoPro with the proceeds

ii) because you forgot that in a market as rigged and manipulated as this one, only BTFD and BTFATH matters

iii) because hard as you try, you still can't pay your monthly rent in "confidence" terms

iv) because after losing it all on Madoff, you are wary of Ponzi schemes

v) because your name isn't Jamie Dimon

vi) all of the above



Lest someone is confused about the context, Marketwatch also helpfully explains:


Congratulations Fed: you can add "financial journalism" to "market" and all the other items you have made a mockery of.


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Tue, 07/01/2014 - 15:04 | 4914719 JLee2027
JLee2027's picture

18,000 Next. Yawn

Tue, 07/01/2014 - 15:09 | 4914737 Mr Pink
Mr Pink's picture

Cuz I bought silver....

Tue, 07/01/2014 - 15:14 | 4914767 maskone909
maskone909's picture

Meee tooo bro... Me too

Tue, 07/01/2014 - 15:19 | 4914786 Goldilocks
Goldilocks's picture

Carly Simon - You're So Vain (with lyrics) (4:16)

Tue, 07/01/2014 - 16:03 | 4914977 linniepar
linniepar's picture

Belgium paid several hundred billion to ensure they win today. Ijs.

Tue, 07/01/2014 - 16:43 | 4915088 markmotive
markmotive's picture

The middle class was great while it lasted. Built by surpluses generated from productivity gains via industrial revolution and oil.

Today no more.

Peter Schiff: The American Middle Class is Vanishing

Tue, 07/01/2014 - 16:51 | 4915115 SafelyGraze
SafelyGraze's picture

all the smart money has moved into raams

use them in the netherlands for things you might want to purchase in the netherlands

meditate on *that*

Tue, 07/01/2014 - 16:55 | 4915124 Supernova Born
Supernova Born's picture

I feel poor because beef prices are through the roof and quality is down the toilet.

Where's the beef is my beef.

Those banksters can't print food and food price inflation will be the endgame of this racket.

Tue, 07/01/2014 - 17:17 | 4915201 7.62x54r
7.62x54r's picture

Why am I poor?

Minimum wage in 1964 was $1.25/hr. Five silver quarters. A little over $18 in value today. In 1964 those five silver quarters bought the same amount of goods that 18 pieces of green federal reserve toilet paper buy today.

That might have something to do with why we are poor.

Tue, 07/01/2014 - 17:49 | 4915329 Cattender
Cattender's picture

why the Fuck did they remove the Silver from our coins anyway? as CHEAP as it is! LOL!!!!!

Tue, 07/01/2014 - 19:16 | 4915651 linniepar
linniepar's picture

Breaking news: silver cures throat cancer.

Tue, 07/01/2014 - 23:24 | 4916508 7.62x54r
7.62x54r's picture

Errrmmm, because if they had left the silver in the coins people might have noticed that the 2014 hourly minimum wage was one silver quarter and two copper pennies.

$0.27/hour, Bitchez!

Tue, 07/01/2014 - 17:25 | 4915226 7.62x54r
7.62x54r's picture

Oh, hey ... they did that wood pulp in food thing during the siege of Leningrad ...

Long on wood pulp and linseed oil bread!

Tue, 07/01/2014 - 17:27 | 4915234 Handful of Dust
Handful of Dust's picture

"Blessed are the poor, for they shall inherit the earth."


Well, at least we get something. Some free KY Lube would be nice too.

Tue, 07/01/2014 - 23:06 | 4916443 7.62x54r
7.62x54r's picture

We'll inherit the earth alright ... in six by three foot plots.

Tue, 07/01/2014 - 23:51 | 4916596 OffShorewHore
OffShorewHore's picture


Tue, 07/01/2014 - 18:14 | 4915411 Pooper Popper
Pooper Popper's picture

Fuck that,Im not eating wood pulp!!!!


Ill eat banksters...

Tue, 07/01/2014 - 23:27 | 4916515 7.62x54r
7.62x54r's picture

One metric ton of dead banksters can also be converted, via heat depolymerization, into 80 gallons of Soylent Diesel.

Tue, 07/01/2014 - 18:25 | 4915446 toady
toady's picture

I went to the grocery store today because there's a two-for-one sale on ribeyes. I didn't know it was $16 a pound. $16 fortwo steaks

I passed on the deal.

Tue, 07/01/2014 - 21:19 | 4916088 Boondocker
Boondocker's picture

Find your local 4H and buy the beef they

Tue, 07/01/2014 - 16:59 | 4915116 Supernova Born
Supernova Born's picture

An educated middle class is enemy #1 to TPTB.

Serial exploitation is the American way. H1B visas are the new indentured servitude.

Tue, 07/01/2014 - 17:01 | 4915138 LawsofPhysics
LawsofPhysics's picture

Personally, none of the assets that make me wealthy are priced in this "market".

Tue, 07/01/2014 - 16:47 | 4915101 Whoa Dammit
Whoa Dammit's picture

A truck driver, with Anonymous mask displayed on the passenger seat, verbally trounces a state trooper after being pulled over for 'Unlawful use of horn" for honking at the trooper.

Tue, 07/01/2014 - 20:32 | 4915161 Squid Viscous
Squid Viscous's picture

carly simon made me puke, disgusting untalented cunt

"anticipation... is making me late..."

lol seriously, who downvoted this? wtf? heeb from riverdale that got all the breaks she needed, apparently...

Tue, 07/01/2014 - 15:30 | 4914841 Soul Glow
Soul Glow's picture

Don't bitch about buying silver.  If you didn't know what you were getting into you didn't know this was Fight Club.  So if you are wondering why your face is beat up and there's blood all over the floor, yeah, this was bound to happen.

If you are still standing I say throw one more punch and buy more.


Tue, 07/01/2014 - 15:55 | 4914952 negative rates
negative rates's picture

Yea we know, you were just having a senior moment.

Tue, 07/01/2014 - 16:01 | 4914973 Jack D. Ripper
Jack D. Ripper's picture
#1 Reason "Why You’re Still Poor As Dow Flirts With 17,000"

Because you read Zerohedge!

Tue, 07/01/2014 - 16:01 | 4914975 ilion
ilion's picture

As Armada Markets CFO Illimar Mattus put it yesterday, the SP500 will hit 2000 soon, they will have a massive blow-out up to 2036 to terminate the last remaining two or three shorts and then the real pain will kick in for anybody (which means everybody) who is long this market. God save us all when the shit finally hits the fan.

Tue, 07/01/2014 - 18:20 | 4915429 lasvegaspersona
lasvegaspersona's picture

The feds have figured a way to  keep the numbers up and inflation numbers low. As long as it works I think we will see S&P 8000. I suspect it will be gradual as they want to keep it going a while. Who knows what is really happening? All I know it THIS IS NOT NORMAL!!

Tue, 07/01/2014 - 21:26 | 4916113 CheapBastard
CheapBastard's picture

If this “recovery” gets any stronger, I’ll be Broke!

Tue, 07/01/2014 - 16:46 | 4915100 Mr Pink
Mr Pink's picture

I buy more silver EVERY day but that doesn't mean I'm not still a lot poorer than someone who bought stawks

Just sayin....

Tue, 07/01/2014 - 23:14 | 4916470 TheReplacement
TheReplacement's picture

Are you now?  The person who bought stocks has what, a hope to sell at some future date for much more than they paid.  They have nothing until they sell.

You have silver.  Even if you can't sell it, you have it.

Queue goatboy.

Tue, 07/01/2014 - 19:57 | 4915794 Atomizer
Atomizer's picture

Good job.  Many of us got in at 15. Bitchslap the paper cunt.. 

Tue, 07/01/2014 - 16:46 | 4915096 Jungle Jim
Jungle Jim's picture

Me three, bro.  Bought it all ( a LOT of it) between $32 and $42. Forced -- *forced*, mind you -- to sell it all at $20, or below. Oh, I'm sure it's going to go to the moon, someday. Like in the the year Twenty-Five Ten. But I don't have any silver anymore. So when that great and glorious new day that never came finally does come, it's not going to help me at all.

Tue, 07/01/2014 - 20:00 | 4915810 Ness.
Ness.'s picture

Rule #1.  Don't trade silver.

Rule #2.  Buy silver as an investment with disposable/saved income.

Rule #3.  See rule #1.



Tue, 07/01/2014 - 21:23 | 4916098 Boondocker
Boondocker's picture

An ounce of silver is 4 crappy starbucks ounce a week is easy

Tue, 07/01/2014 - 17:33 | 4915255 RafterManFMJ
RafterManFMJ's picture

I raise my flags, don my clothes

It's a revolution, I suppose

We'll paint it red to fit right in


I'm breaking in, shaping up, then checking out on the prison bus

This is it, the apocalypse

I'm waking up, I feel it in my bones

Enough to make my systems blow

Welcome to the new age, to the new age
Welcome to the new age, to the new age

Tue, 07/01/2014 - 15:14 | 4914771 Sudden Debt
Sudden Debt's picture

Soccer starts in 45 minutes...

Tue, 07/01/2014 - 15:21 | 4914793 Squid Viscous
Squid Viscous's picture

can't wait to watch little sissy guys roll around in agony after minor contact! maybe there will even be a goal scored ?

Tue, 07/01/2014 - 15:24 | 4914809 Skateboarder
Skateboarder's picture

A good number of them look/are metrosexual. Our world heroes are overpaid metrosexuals lol.

Tue, 07/01/2014 - 15:29 | 4914834 uno
uno's picture

what about all the pride and joy of screaming USA USA USA 

Tue, 07/01/2014 - 15:35 | 4914852 Skateboarder
Skateboarder's picture

Don't wory, the bros will do that after the stormtroopers force everyone out of their homes at gunpoint.

Tue, 07/01/2014 - 16:14 | 4915021 john39
john39's picture

red white and blue face paint required.

Tue, 07/01/2014 - 16:19 | 4915036 uno
uno's picture

more disturbing, metrosexuals wearing red-white-blue speedo's. the horror

Tue, 07/01/2014 - 15:47 | 4914915 mkhs
mkhs's picture

Your world heroes are...

Tue, 07/01/2014 - 16:05 | 4914985 Squid Viscous
Squid Viscous's picture

my heroes are ... central bankers and anyone who fought for our free-dumb in Eye-rack and Absurdistan!

Tue, 07/01/2014 - 17:22 | 4914991 hedgeless_horseman
hedgeless_horseman's picture



Your world heroes are...

Good question!

Living?  Off the top of my head...

  • Ron Paul
  • Tyler Durden
  • James Watson
  • Carla Emery (edit: discovered she died)
  • Stephen King
  • Andrew Lloyd Webber
  • Michael Phelps
  • G. Marvin Beeman, DVM, MFH
  • Rae Heim
  • Edward Snowden
  • John Schnatter
  • Dana White
  • Tony Hawk
  • Quentin Tarantino
  • Roger Briggs (climber/trail runner)
Thu, 07/03/2014 - 19:00 | 4923144 mkhs
mkhs's picture

Wrong.  No question mark, so it can't be a question.  The correct answer is "What is a correction to the collectivist theme generated by Skateboarder?"

The more interesting question is why would you want to interpret that as a question? Hmmmmm.

Tue, 07/01/2014 - 17:14 | 4915188 MopWater
MopWater's picture

Traded mine for ghosts

Tue, 07/01/2014 - 17:37 | 4915273 RafterManFMJ
RafterManFMJ's picture


Missed my walk on part in the war for a lead role in a cage...

Tue, 07/01/2014 - 16:53 | 4915111 Squid Viscous
Squid Viscous's picture

0 - 0 at the half!! captivating ...  what time does the WNBA come on?

Tue, 07/01/2014 - 15:27 | 4914821 rum_runner
rum_runner's picture

Let's see you run in the Brazilian heat for 90 minutes.  This is one of the only games out there where the players play to exhaustion.  In contrast, football is fucking boring.. 30 seconds of action followed by five minute commercial breaks.

Tue, 07/01/2014 - 15:32 | 4914838 Squid Viscous
Squid Viscous's picture

played rugby at a very high level for many years so yes, max respect for their fitness, but they have to stop with the drama queen stuff... it's embarassing for the sport, IMO

Tue, 07/01/2014 - 16:36 | 4915071 Four chan
Four chan's picture

unfortunately for soccer as a non watcher all i see is flopping and biting and tie endings.

Tue, 07/01/2014 - 15:31 | 4914840 Chump
Chump's picture

No one is saying they don't run a lot.

Tue, 07/01/2014 - 16:26 | 4915050 Skateboarder
Skateboarder's picture

I ran my first marathon at 14. Running a lot doesn't particularly impress me.

Here's Philip Ceja, an up and comer, doing real skillful bodily maneuvers:

Tue, 07/01/2014 - 15:27 | 4914822 Squid Viscous
Squid Viscous's picture

I hope Obozo can clear some time to watch, USA USA USA!

Tue, 07/01/2014 - 21:00 | 4916017 scrappy
scrappy's picture

Keeping an Eagle eye on all events from Golf Cart 1!

Tue, 07/01/2014 - 15:28 | 4914826 DoChenRollingBearing
DoChenRollingBearing's picture

I'll be watching...:


USA: 2

Belgium 0

(But, in  case Belgium wins, Belgium might be our family favorite)

Tue, 07/01/2014 - 15:33 | 4914850 Soul Glow
Soul Glow's picture

I'm rooting for Belgium because they are buying so many bawnds!

Tue, 07/01/2014 - 15:39 | 4914878 DoChenRollingBearing
DoChenRollingBearing's picture

Well, there is that...


Tue, 07/01/2014 - 16:17 | 4915030 yogibear
yogibear's picture

Trillions and Trillions while William Dudley of the NY Fed puts on his Dutch hat.

Tue, 07/01/2014 - 16:34 | 4915063 Squid Viscous
Squid Viscous's picture

You mean "the William Dudley" who used to work for "the Goldman sachs" who is now buying bonds at a nice mark-up from "the Goldman sachs"....

Tue, 07/01/2014 - 15:32 | 4914828 madcows
madcows's picture

In America, our actors win the Oscars (or NBA Trophies).

In the rest of the world they win the World Cup.

Euro's suck.  They celebrate effeminate men falling down and writhing on the ground like they're going to die, when no one even "hit" them.  Pathetic.

Worst "Sport" ever.  I'd rather watch bowling or golf or NASCAR than a bunch of pansy floppers.  AWFUL!.

Tue, 07/01/2014 - 16:02 | 4914981 lickspitler
lickspitler's picture

yer yer.. ain't nithin like a piece-a-pussy cept maybe Indy500.

GO USa  and thanks for Bush and Obama good job.

Tue, 07/01/2014 - 17:44 | 4915306 RafterManFMJ
RafterManFMJ's picture

You do realize the TV has an off switch, right?

You dumb bastards would sit right through a competitive darning marathon and bitch about how low scoring it was, or that the youngest competitor was 67.

The mentality of the prole who complains about the quality of the provided circus, while continuing to watch it AND PAY FOR IT fascinates me.

Tue, 07/01/2014 - 15:08 | 4914721 AccreditedEYE
AccreditedEYE's picture

BTFATH! And miss a daily kick to the nuts.
Fed is gonna force feed this economy till it gets some goddamn results, bitchez! ( or, until something breaks.... Whichever comes 1st)

Tue, 07/01/2014 - 15:37 | 4914868 Soul Glow
Soul Glow's picture

You'd think it'd be broken by now, but Americans are very resiliant in terms of doing whatever it takes to keep their lifestyle.  Max out credit, reverse repo, complacently let a private instition that calls itself the Federal Resreve run its monetary policy so Wall Street can keep fleecing said Americans.

Very resiliant indeed.

Tue, 07/01/2014 - 15:44 | 4914901 ZeroHour
ZeroHour's picture

Yes, the beatings will continue until morale improves (and probably thereafter also).

Tue, 07/01/2014 - 17:18 | 4915203 Save_America1st
Save_America1st's picture

the beatings will continue until the "crack-up-boom" commences...beyond that there be dragons and things are gonna get bloody and burnt.

Tue, 07/01/2014 - 15:07 | 4914727 JustObserving
JustObserving's picture

But, but, but inflation is under 2%.  So how could I have become poor?  My money is as safe and solid as Germany's gold in the NY vaults of the Fed.

And I can withdraw all my money as easily as Germany can withdraw its gold.

Tue, 07/01/2014 - 15:10 | 4914731 Dr. Engali
Dr. Engali's picture

Just wait until everybody hops on board for the next leg up and finds out that they are still poor even after they have huge nominal gains. Or they hop on board and the market vaporizes and they still end up poor. Either way they are fucked.

Tue, 07/01/2014 - 17:50 | 4915330 RafterManFMJ
RafterManFMJ's picture

Read an excellent article last year where the author demonstrated that the nominal gains in the market were meaningless.

Factoring in inflation, he demonstrated the records were meaningless as the gains DID NOT keep up with the rising cost of living.

So, even if you played the market perfectly you still were a loser in terms of what your gains would buy after inflation; and this was without realized gain tax consideration.

The guy calculated it in gas, beef, bananas, everything and it was blindingly obvious that the HUGE GAINS were meaningless when compared to the increase in all costs.

Tue, 07/01/2014 - 20:58 | 4916011 scrappy
Tue, 07/01/2014 - 15:08 | 4914734 Shizzmoney
Shizzmoney's picture

They might as well just post a picture of a middle finger at this point

Tue, 07/01/2014 - 15:12 | 4914755 Mr Pink
Mr Pink's picture

Fourth of July rally! Merica rules! Fuck yeah!

Tue, 07/01/2014 - 15:46 | 4914909 Squid Viscous
Squid Viscous's picture

I'm not poor, just have different taste in food now... Spam and Walmart bologna are surprisingly tasty! who coulda known?

Tue, 07/01/2014 - 15:47 | 4914914 dirtyfiles
dirtyfiles's picture

what about then?

Tue, 07/01/2014 - 15:10 | 4914735 Charles Nelson ...
Charles Nelson Reilly's picture

Marketwatch is intolerable.  The best is the gold commentary where it is bashed on a daily basis.  It has replaced reading the comics in the newspaper for me.

Tue, 07/01/2014 - 15:42 | 4914859 Atomizer
Atomizer's picture

Started there in late 2006, left when ZH was launched. I interacted with some extremely brilliant people. Often wonder how many lurk at ZH.

Edit: Goldtrader was one that comes to mind. That poor fucker must of created 20 some accounts, each one to become banned over the discussion of holding physical gold.

Tue, 07/01/2014 - 15:47 | 4914913 TuPhat
TuPhat's picture

Started there too but more like 2008.  Read markewatch and Denninger.  Then I found ZH, haven't gone back to Denninger but I still look at Marketwatch to jeer at the headlines.  I think Denninger referenced ZH once that's how I found it so he deserves a little credit.

Tue, 07/01/2014 - 16:07 | 4914998 Atomizer
Atomizer's picture

Market Watch is the process of learning the basics while assisted with financial training wheels. 

Just for the record, we would all be stuck in a perpetual rut if Zerohedge never emerged. Thank you Tyler. 

Tue, 07/01/2014 - 15:47 | 4914912 Leveraged Algorithm
Leveraged Algorithm's picture

SEC gold porn - yah baby!

Tue, 07/01/2014 - 15:53 | 4914935 Leveraged Algorithm
Leveraged Algorithm's picture

Good Luck.

Tue, 07/01/2014 - 15:09 | 4914736 Seasmoke
Seasmoke's picture

Everyone I talk to.. days they are doing terrible. .....all use the same word.........TERRIBLE !!!

Tue, 07/01/2014 - 15:13 | 4914757 AccreditedEYE
AccreditedEYE's picture

These people must not be selling Vol till they Ball.. Or, not BTFATH. Gotta get thru Nasdaq 5k, right my man?

Tue, 07/01/2014 - 15:10 | 4914739 Kirk2NCC1701
Kirk2NCC1701's picture

Because... The Market makes US all rich, but some are more Rich than others?

Tue, 07/01/2014 - 15:12 | 4914742 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Because I'm ALWAYS going to be richer than you.

-Jamie Dimon

Tue, 07/01/2014 - 15:11 | 4914745 madcows
madcows's picture

Marketwatch writers are buffoons, retarded.  Seriously, assclowns:  Irwin Kellner,  Darrell Delamiade and Rex Nutsling.  Obama Leg humpers.  Leftwing Propagandists.  Don't even bother to read them.


But, they do come out pretty quick with the fed numbers though.

Tue, 07/01/2014 - 15:12 | 4914746 gdiamond22
gdiamond22's picture

Everyone wants to short it, everyone is scared to buy it. GDP is negative, geo-political news is negative, the media is negative, the FED is clueless. Perfect recipe for a Bull Market.

Tue, 07/01/2014 - 15:14 | 4914765 madcows
madcows's picture

Oh, I don't know.  P/E ratios in the hundreds don't sound too appealing to me.  The markets are FED-Phucked.

Tue, 07/01/2014 - 15:19 | 4914783 Shizzmoney
Shizzmoney's picture

Japan is the model.  The neo-classical Chicago boys think, like in Japan, they can extend-n-pretend for as long as they like. 

Hell, it only took 3 years to get wage growth in Japan.  If the US can squzze 10 yrs out of their funny money printing, that means only MOAR profits.  

Tue, 07/01/2014 - 15:26 | 4914817 Soul Glow
Soul Glow's picture

As long as they like?  The highs were in 1990.  It was three times higher.  You call this their gameplan?  Then look for a crash to Dow Jones 6k.

Tue, 07/01/2014 - 16:19 | 4915037 yogibear
yogibear's picture

It's all about huge market moves and cashing in when the sheeple least expect it.

Tue, 07/01/2014 - 15:14 | 4914766 AccreditedEYE
AccreditedEYE's picture

Yes, this is it.

Tue, 07/01/2014 - 17:32 | 4915249 lotsoffun
lotsoffun's picture

anybody shorts now will be crushed.  they will NOT have it.  it's manipulated, no joke.

wait.  be patient.  it might even be another year.

Tue, 07/01/2014 - 15:12 | 4914747 RaceToTheBottom
RaceToTheBottom's picture

Dianna is a corporate shill, best read for amusement.

Tue, 07/01/2014 - 15:12 | 4914754 NOTaREALmerican
NOTaREALmerican's picture

Can't win if ya don't play!!

Tue, 07/01/2014 - 15:16 | 4914775 alien-IQ
alien-IQ's picture

actually, they can't win if you don't play.

Tue, 07/01/2014 - 15:25 | 4914813 Whatchamacallit
Whatchamacallit's picture


Tue, 07/01/2014 - 15:16 | 4914760 Mercury
Mercury's picture

One hopes that somewhere there's someone (outside the Lloyd Blankfein crowd) who levered the crap out of every feebe and subsidy/program/benefit he could suck out of the government in 2009 and plowed the proceeds into the RTY.

Tue, 07/01/2014 - 15:15 | 4914772 alien-IQ
alien-IQ's picture

they seem to be practically begging to be taken to the guillotine.

Tue, 07/01/2014 - 15:22 | 4914805 _disengage_
_disengage_'s picture

Seem like controlled opposition setting up their fall guys to me. When the pitchforks come out and skin the "rich", the elite have already gone to their next stronghold - likely China.

Hegelian dialect something like:
We want a global currency/total control so we'll set up the system to fail and blame it on "bankers". Then we can swoop in and save the day with our SDR/bitcoin/whatever... and the people will be begging for it.

It doesn't end with a bang or a wimper, but to the roaring applause of our "saviors".

Tue, 07/01/2014 - 15:31 | 4914844 LawsofPhysics
LawsofPhysics's picture

I don't think you understand the chinese.  They might allow chinese elite to have real power in china should things blow up, but that's it.  It a global fraud, the fraudsters might want to have a spacecraft on standby, especially in this "information" age.

Just saying...

Tue, 07/01/2014 - 16:14 | 4915017 ThankYouSatan
ThankYouSatan's picture

Breakaway civilization, bitchez

Tue, 07/01/2014 - 15:15 | 4914774 B2u
B2u's picture

DOW 20,000 by December 2014.

Tue, 07/01/2014 - 15:18 | 4914780 alien-IQ
alien-IQ's picture

and DOW 5,000 by July 2015

Tue, 07/01/2014 - 15:50 | 4914929 TuPhat
TuPhat's picture

When it gets that low I don't think it will stop falling.

Tue, 07/01/2014 - 15:22 | 4914796 Skateboarder
Skateboarder's picture

I heard that when DOW hits 20K, algos get their host 'avatar' bodies.

Tue, 07/01/2014 - 15:39 | 4914879 Iriestx
Iriestx's picture

More like August 2014

Tue, 07/01/2014 - 16:10 | 4915006 timmeh
timmeh's picture

19,500 would be more reasonable

Tue, 07/01/2014 - 17:54 | 4915339 RafterManFMJ
RafterManFMJ's picture

It peaks at 19110 - you heard it here first.

Tue, 07/01/2014 - 15:19 | 4914777 Bill of Rights
Bill of Rights's picture

Clearly Precious Paper is not wealth.

Tue, 07/01/2014 - 15:19 | 4914784 Iwanttoknow
Iwanttoknow's picture

Dow 38,000.

Tue, 07/01/2014 - 15:23 | 4914791 Atomizer
Atomizer's picture

Readership must be slipping at MW. We use to bait the story editor to defend his bullshit article. When he/she went silent after hostile posting interactions. We knew the debate was won. Still cannot believe my MW account never got fragged.  

Tue, 07/01/2014 - 15:21 | 4914792 slightlyskeptical
slightlyskeptical's picture

What they forget is that it wasn't until recently that investors who stayed in the market recovered to where they were in 2007. Those who sold , say 50%, are now probably right where they were at that time. They don't feel richer because they aren't richer, definitely not after inflation.

I would dare to say that those who had advisors keeping them in are rpobably doing much better than those who didn't.

Tue, 07/01/2014 - 15:29 | 4914829 LawsofPhysics
LawsofPhysics's picture

There is no inflation.  Please report to the nearest FEMA camp for you re-education citizen.

Tue, 07/01/2014 - 15:53 | 4914937 TuPhat
TuPhat's picture

I had advisors.   They got a cut no matter how much I gained or lost, mostly lost.  Got out in 2013 when I wanted to quit giving them a cut for losing my money.

Tue, 07/01/2014 - 18:23 | 4915438 NoPension
NoPension's picture

You never saw " Trading Places"' eh?

Oh Mortimer, tell Valentine the " good part"!

Tue, 07/01/2014 - 15:22 | 4914795 assistedliving
assistedliving's picture

17000 and i'm still poor.  keep this up by 20000 i'll be bankrupt

Tue, 07/01/2014 - 18:03 | 4915370 Son of Loki
Son of Loki's picture

Has my MFGlobal declared another dividend yet? I haven't checked my Worldcom in a while...I'm sure it's doing just fine.

Tue, 07/01/2014 - 15:22 | 4914802 Soul Glow
Soul Glow's picture

For the Fed, macking a mockery of finance and markets is tradition.

Tue, 07/01/2014 - 15:27 | 4914823 Shizzmoney
Shizzmoney's picture

DOW 99999999999999999999999999999999999

Tue, 07/01/2014 - 17:40 | 4915289 Bear
Bear's picture

You should write a book

Tue, 07/01/2014 - 15:28 | 4914824 LawsofPhysics
LawsofPhysics's picture

Price discovery?  What's that?  Mark to fantasy forever!!!

(odd how cold hard physical cash seems to be speaking a lot more loudly now, where have we seen this before...)

Tue, 07/01/2014 - 15:29 | 4914832 orangegeek
orangegeek's picture

Market Watch is trash.


Add it to the other euphoria pumpers  - WSJ, Fox, BI and that fluff site Seeking Alpha.

Tue, 07/01/2014 - 15:39 | 4914875 madcows
madcows's picture

It's even worse than those.  Marketwatch is on par with MSNBC and CNBC

Tue, 07/01/2014 - 16:00 | 4914970 TuPhat
TuPhat's picture

I think they were owned by CBS at one time.  Could be wrong, it used to be in the fine print at the bottom of the page.  Now it says' Wall Street Journal' at the top.

Wed, 07/02/2014 - 06:25 | 4916965 Ned Zeppelin
Ned Zeppelin's picture

Time for the ZH cable channel

Tue, 07/01/2014 - 15:32 | 4914845 IANAE
IANAE's picture

Great timing ... Dow 17K with associated "Yellen to address financial stability" headline


Speaking at IMF then a sit with Lagarde... events certain to ensure calm markets and financial stability.

Tue, 07/01/2014 - 15:33 | 4914851 Seize Mars
Seize Mars's picture

What can one say? The bullshit isn't going away on its own and won't get any better.

Tue, 07/01/2014 - 15:34 | 4914856 MASTER OF UNIVERSE

Americans en masse can rest assured knowing that the DOW 17,000 will fix all their problems in life this July 4th holiday. Food

stamps will soon be a thing of the past with the advance towards DOW 18,000. WOW, what a great dreamy American future you have going for you down there, Uncle Sam!


Fight for your right to party, USA. Don't let the evil Fed take all the cocaine for themselves next July 4th.


p.s. Happy July 4th, debt slaves!

Tue, 07/01/2014 - 15:43 | 4914890 topshelfstuff
topshelfstuff's picture

Once the Public, Average Investors Exited/scared out of the Marlet (lowest participation rate ever) it was OK to let her Fly

Tue, 07/01/2014 - 15:42 | 4914891 Son of Captain Nemo
Son of Captain Nemo's picture

"When the media treats the stock market like it is a sports score, you know we are in trouble!"

-Mike Rivero of


Tue, 07/01/2014 - 15:46 | 4914903 Yen Cross
Yen Cross's picture

  Out of the 66 months starting from January '09 (67 starting today) the DOW has closed up on a monthly basis of 44 TIMES.

  Rigged much?  Here's the chart

Tue, 07/01/2014 - 17:11 | 4915183 adr
adr's picture

Out of the 66 months starting from Jan 2009 fewer actual people are working each month 66 times.

Tue, 07/01/2014 - 15:54 | 4914940 TacticalZen
TacticalZen's picture

My earnings are down 66% compared to 2007 and I no longer work in a profession.  Credit contraction eliminated my old industry (energy marketing).  Multinationational parent companies retracted & not to be seen again.  Health insurance premiums up 300% with only major medical coverage now.  Lost $2 mil of commercial revenue producing office investment reducing my monthly another $5-7k.  Real inflation about 8-10%/yr.  Should be broke well before age 70.  Maybe before age 60 at this pace!  Collapse would at least be a win for PMs.  Good thing I never borrow.  No mortgage, car loan, credit balances.  Holding out for that choice real estate under the interstate.  Seriously, only saving grace is zero debt.

Tue, 07/01/2014 - 21:33 | 4916138 CheapBastard
CheapBastard's picture

I hear that, TZ. Very similar here. Our company has cut salaries 10% three different times in the past 8 years so they can stay afloat. I'll be fair and say the two owners also took big cuts so the entire crew can survive with only one lay off during this time. The future is very very iffy. We have cut our expenses so many times down to bare bones. Have not reached the point of cat food yet but ya never know.

Tue, 07/01/2014 - 15:56 | 4914951 JenkinsLane
JenkinsLane's picture

The bottom line is, as we all know, the "markets" are only where they are because of QE, buybacks financed

by ZIRP debt, etc.


We only have to wait a few more months before QE falls to a trickle or, worst case scenario, runs out entirely,

before we're looking at ~20% falls in the broads at least.


Tue, 07/01/2014 - 15:55 | 4914954 RevRex
RevRex's picture

Why you are still poor?


Because you listened to ZH and bought gold at $1800 and silver at $35....The same people who did that are the ones who keep repeating the Socialist Semite Democrat Media Propaganda that "both parties are the same"......


Foolish is as foolish does and says....



Please fell free to down arrow me if you are too cowardly to refute my post!



Tue, 07/01/2014 - 16:02 | 4914980 alien-IQ
alien-IQ's picture

You must be very lonely. It's understandable though.

Tue, 07/01/2014 - 17:22 | 4915219 RevRex
RevRex's picture

Sniveling cowards like yourself always attack when/what you cannot refute!

Tue, 07/01/2014 - 16:50 | 4915109 Seize Mars
Seize Mars's picture

Uh, "bought" metals with "dollars?" You mean sold paper promises in return for something real?

I would feel sorry for you, RevRex but that would be charitable and I'm not in the mood.

Tue, 07/01/2014 - 17:49 | 4915266 RevRex
RevRex's picture

Another coward, another ignorant ASSumption, and another subtle  attack on me for posting facts you still have not refuted.


How cowardly and pathetic, that you can't admit I am right.


btw, I am sure I own more Ag than most of you cowards here who are  down arrowing me and cowering from my factual posts, I just didn't BTATH!

That's stupid right?

My last major purchase came in at $19.58 delivered.

Tue, 07/01/2014 - 17:59 | 4915360 alien-IQ
alien-IQ's picture

"Another coward" 

"attack on me for posting facts"

"cowardly and pathetic"

"you can't admit I am right."

"you cowards here who are  down arrowing me"

"cowering from my factual posts"


I read this shit and I can't help but to think: THIS MOTHERFUCKER IS READY TO BE BAKER ACTED.

Tue, 07/01/2014 - 18:06 | 4915376 RevRex
RevRex's picture

Sniveling cowards attack me and let my factual posts stand!


Obama voter, huh?

Tue, 07/01/2014 - 21:46 | 4916168 Seize Mars
Seize Mars's picture


Ok retard, I guess let's "analyze" your previous post (sigh).


Because you listened to ZH and bought gold at $1800 and silver at $35....The same people who did that are the ones who keep repeating the Socialist Semite Democrat Media Propaganda that "both parties are the same"......

Well first of all, I do not believe that you have a clear grasp of the concept of "numeraire." Let's put it like this: "buying" silver with "dollars" can be thought of as selling dollars in return for silver. Now, that having been said, we can probably agree that dollars have no intrinsic value, at least not to me, so let's consider them (for sake of argument) worthless. If I trade something that I believe is worthless, but in return I am getting something not worthless in return, (i.e. silver) then I win. The idea that the dollar price looks unfavorable to you now, or in the past, doesn't mean much to me. I believe it's headed in the right direction at some point, and I really don't care when.

Secondly, I didn't "listen to ZH" about buying or selling anything. I'm a grown-up who makes decisions for myself and ZH doesn't give investment advice. I also do not seek investment advice. So your comment has no meaning.

Third, I don't think that, as you call it, the "Socialist Semite Democrat Media Propaganda" is that both parties are the same. If by Semite Democrat Media you meant "Jewish," then I'm afraid you are mixed up. Jews are not Semites (at least most of them). They are Khazars, or descended from Khazars. There are Semitic Jews, but they are called "Sephardic" and they are a very small minority. But hey, who's splitting hairs here, I think I understood your meaning.

Now if the "media" is propagating an understanding that both parties are the same, then I must have missed it. I think the media does a good job of keeping the illusion going.

Fourth, both parties actually are the same. Exactly the same. I mean, how much evidence do you require in order to concede this important point? Do you have all day? I don't.

Now, take a deep breath. You're going to be fine. Just relax.

Tue, 07/01/2014 - 17:00 | 4915136 RichardENixon
RichardENixon's picture

"He who laughs last laughs best"

Do NOT follow this link or you will be banned from the site!