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"Wealth" Accomplished - Dow 17,000 Breached

Tyler Durden's picture




 

"Do You Feel Wealthy, Punk?"

 


 

 

 

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Thu, 07/03/2014 - 09:32 | 4921134 ilion
ilion's picture

Fuck you bernanke!

Thu, 07/03/2014 - 09:34 | 4921150 TahoeBilly2012
TahoeBilly2012's picture

Too bad a pint of beer is now $6-$7

Thu, 07/03/2014 - 09:37 | 4921169 BobPaulson
BobPaulson's picture

Don't throw away the Dow 10000 hats.

Thu, 07/03/2014 - 09:38 | 4921172 centerline
centerline's picture

Gonna need DOW 20,000 hats first though.

Thu, 07/03/2014 - 09:43 | 4921187 Headbanger
Headbanger's picture

Or Dow 5000 hats now either.

 

And isn't it exciting to watch the market making its historical blow off top here today!?

Just like it must have been in 1929

 

Thu, 07/03/2014 - 09:45 | 4921207 Hippocratic Oaf
Hippocratic Oaf's picture

gotta pump this bitch up before the 4th so we can all walk around happy happy joy joy

insane

Thu, 07/03/2014 - 10:03 | 4921235 Headbanger
Headbanger's picture

Yes!  Happy happy joy joy!  Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy! Happy happy joy joy!

http://www.youtube.com/watch?v=jfNajFYPljQ&list=RDjfNajFYPljQ#t=18

Any bets on when we see a record breaking % down day??

Thu, 07/03/2014 - 10:39 | 4921398 I am more equal...
I am more equal than others's picture

 

 

When this period is in the rear view mirror, I wonder who will be in charge?

If history is predictive, the coming turmoil will be without precedent. 

Thu, 07/03/2014 - 11:04 | 4921483 cowdiddly
cowdiddly's picture

Think of all the cool Gopro videos of the pavement rushing up when the jumping out the windows start

Fri, 07/04/2014 - 14:32 | 4925020 Ben Ghazi
Ben Ghazi's picture

So, ........ I should go "all-in" GPRO on Monday morning then, right?

Thu, 07/03/2014 - 09:47 | 4921219 Azannoth
Azannoth's picture

.. maybe you can tack on a "0" and have Dow 100,000 Hat for next year.

Thu, 07/03/2014 - 09:59 | 4921266 thecoloredsky
thecoloredsky's picture

Too bad a pint of beer is now $6-$7

Try homebrewing, it's fun.

Thu, 07/03/2014 - 09:59 | 4921262 rubiconsolutions
rubiconsolutions's picture

What is 17,000 in pre Federal Reserve created and inflated dollars? 

Thu, 07/03/2014 - 10:27 | 4921362 Noturbelayslave
Noturbelayslave's picture

DOW  *.*   

Buzz Light year ain't got nothing on this market. FTW

Thu, 07/03/2014 - 10:47 | 4921435 RaceToTheBottom
RaceToTheBottom's picture

"Fuck you bernanke!"

 

Fuck you Greenspam, Bernanke, Yellen!

Thu, 07/03/2014 - 09:32 | 4921135 Termin8or
Termin8or's picture

party like it's 1999

Thu, 07/03/2014 - 09:56 | 4921249 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

"Do You Feel Wealthy, Punk?"

"Well, do you?"

There.  Fixed it for ya.  Feels more proper like this.

Thu, 07/03/2014 - 10:10 | 4921299 tom a taxpayer
tom a taxpayer's picture

Music for DOW 17,000

 

Fly me to the moon
And let me play among the stars
Let me see what spring is like
On a Jupiter and Mars

In other words, Fed, hold my hand
In other words, baby , kiss me

http://www.youtube.com/watch?v=aSPbwXUq9vM

Come fly with me, let's fly, let's fly away

Once I get you up there

Where the air is rarefied

We'll just glide

Starry-eyed

http://www.youtube.com/watch?v=SLC5AGGHLz0

Frank Sinatra, Chairman of the Board

---------------------------------

Party like it's 1929

http://www.youtube.com/watch?v=9SHfyxs2SPI

Loose Bruce

Thu, 07/03/2014 - 09:32 | 4921136 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Make my day bitch.

Thu, 07/03/2014 - 09:42 | 4921189 LetThemEatRand
LetThemEatRand's picture

I know what you're thinking, punk. You're thinking "did he print six trillion in QE, or five?" Now to tell you the truth I forgot myself in all this excitement. But being this is the Fed, the most powerful central bank in the world and will blow you shorts clean off, you've gotta ask yourself a question: "Do I feel lucky?" Well, do ya, punk?

Thu, 07/03/2014 - 10:02 | 4921277 adr
adr's picture

And just like staring down the barrel, you know you either play ball or you're dead. 

The only other option is to never play in the first place.

Thu, 07/03/2014 - 11:23 | 4921557 NihilistZero
NihilistZero's picture

Smiles are eternally underrated...  And you just gave me one.  Thanks Rand :-)

Thu, 07/03/2014 - 09:33 | 4921138 thismarketisrigged
thismarketisrigged's picture

i feel so wealthy, ill be back soon, just going to pick up my new lambargini and farrari

Thu, 07/03/2014 - 09:42 | 4921197 flacon
flacon's picture

Lucky bastid! I'm figuring out how to put wheels on my cardboard box. 

Thu, 07/03/2014 - 09:48 | 4921221 Metalredneck
Metalredneck's picture

Making a mobile home?

Thu, 07/03/2014 - 11:31 | 4921590 NihilistZero
NihilistZero's picture

Don't forget the rims for those wheels flacon.  Rent-A-Wheel here in SoCal will finance you.

THEY SPINNIN' NIGGA, THEY SPINNIN!  THEY SPINNIN' NIGGA, THEY SPINNIN!  THEY SPINNIN' NIGGA, THEY SPINNIN!  THEY SPINNIN' NIGGA, THEY SPINNIN!  THEY SPINNIN' NIGGA, THEY SPINNIN!  THEY SPINNIN' NIGGA, THEY SPINNIN!

Thu, 07/03/2014 - 09:55 | 4921247 MeMongo
MeMongo's picture

Mongo would just be happy if he could afford some of that soft toilet paper! This stuff he's forced to use now would make Mr Whipple angry enough to kick a small animal!

Thu, 07/03/2014 - 09:33 | 4921139 Billy Sol Estes
Billy Sol Estes's picture

Zip Zoppity Doo Dah America!

Throw a Fucking Parade!

Thu, 07/03/2014 - 10:16 | 4921324 caShOnlY
caShOnlY's picture

.....and the marching band in the parade should play Irving Berlin's "BLUE SKIES" over and over and over again!!!  Party like its 1928 and 1999!!!

http://www.youtube.com/watch?v=HSnqqW_henA&feature=kp

 

Thu, 07/03/2014 - 09:36 | 4921140 thataintnothin
thataintnothin's picture

AAAAND IT'S GONE......

Thu, 07/03/2014 - 09:33 | 4921147 PlusTic
PlusTic's picture

don't expect anything to change anytime soon...this game is on autopilot

Thu, 07/03/2014 - 09:49 | 4921225 Azannoth
Azannoth's picture

The only question that remains is "What happens when an Unstoppable Force meets an Immovable Object"?

Thu, 07/03/2014 - 09:34 | 4921148 thismarketisrigged
thismarketisrigged's picture

better question is, can we get the vix to under 10 by days end?

Thu, 07/03/2014 - 09:39 | 4921177 Headbanger
Headbanger's picture

Beware!  Single digit VIX will summon the Kraken!

http://www.marketwatch.com/investing/Index/VIX/charts

Thu, 07/03/2014 - 10:32 | 4921375 Bernoulli
Bernoulli's picture

What if VIX goes in negative territory? Bullish?

Thu, 07/03/2014 - 09:35 | 4921156 Billy Sol Estes
Billy Sol Estes's picture

PetSmart jumping 15%! Recovery is here! Buy dog food Americans (you'll be eating it later)!

Thu, 07/03/2014 - 09:49 | 4921223 Metalredneck
Metalredneck's picture

Pro Tip:  Dog food is lower in sodium than cat food, and a great source of "may contains."

Thu, 07/03/2014 - 10:10 | 4921300 Platinum
Platinum's picture

I advocate buying pet food, but not for personal consumption. Resell it after the collapse, because some people (enough) people treat their pets like addicts treat their drugs, that you have some good barter items there. Rover might be used to the good stuff, but he'll have to settle for whatever his owner can get him.

 

I wonder how the pampered animals will handle the collapse when, just like their owners, their standard of life is destroyed. Will people snap out of their pet worship spells?

Thu, 07/03/2014 - 10:41 | 4921402 CCanuck
CCanuck's picture

The little pampered pets will handle it fine on BBQ skewer.

Thu, 07/03/2014 - 11:47 | 4921651 edifice
edifice's picture

I've known many people (mostly insane American women), who's pets eat better than they do. Pookie eats organic, ground steak every day, while the owner eats Top Ramen. Not kidding. These are the same people who take the dog to Pet Yoga and all this other nonsense.

When it does go down, Pookie on a skewer, with a little Montreal steak seasoning, probably won't taste too bad.

Thu, 07/03/2014 - 09:37 | 4921162 Pairadimes
Pairadimes's picture

Here we come, 25,000!

Thu, 07/03/2014 - 10:20 | 4921334 Squid Viscous
Squid Viscous's picture

isn't that the title of Jeremy "The Insect" Siegel's new book? what a coincidence...

Thu, 07/03/2014 - 09:36 | 4921164 coulous
coulous's picture

"Central insanity"

speechless

Thu, 07/03/2014 - 09:37 | 4921168 caShOnlY
caShOnlY's picture

Congratulations America!!  enjoy it, you deserve it!!  You've worked for it!!  Your FIAT currency is targeted for termination in global affairs.  Party like its 1999 again because when the end of the party comes that's when the real dancing in the streets begins.

Thu, 07/03/2014 - 09:46 | 4921208 IridiumRebel
IridiumRebel's picture

USA USA USA USA USA USA USA USA USA USA!!!!!!!!!!

Thu, 07/03/2014 - 10:33 | 4921379 Bernoulli
Bernoulli's picture

BELGIUM BELGIUM BELGIUM BELGIUM BELGIUM!!!!!!

Thu, 07/03/2014 - 09:56 | 4921251 orangegeek
orangegeek's picture

it's all bankers and all politicians from all major countries

 

don't blind yourself

 

the europeans are so desparate that drugs and prostitution will be included in Italy's and Spain's GDP - for now

 

this shit show is in everyone's backyard

Thu, 07/03/2014 - 10:23 | 4921348 stant
stant's picture

Party like its 1859 is next

Thu, 07/03/2014 - 09:38 | 4921170 LawsofPhysics
LawsofPhysics's picture

And at what cost?  Don't show that chart without showing the total debt outstanding as well.

Thu, 07/03/2014 - 09:39 | 4921176 Who was that ma...
Who was that masked man's picture

Air wealth.

Thu, 07/03/2014 - 09:40 | 4921181 DavidC
DavidC's picture

Ramp and camp now that it's there, to celebrate tomorrow's 4th of July?

DavidC

Thu, 07/03/2014 - 09:40 | 4921182 Son of Loki
Son of Loki's picture

So why do polls show more peeples then ever feel "poor?"

Thu, 07/03/2014 - 09:42 | 4921188 Ness.
Ness.'s picture

Things are going so well that Draghi is committing $1 TRILLION to the cause and the Saud's are throwing in 30,000 just for shits and giggles.

 

 

Thu, 07/03/2014 - 09:43 | 4921200 Fix It Again Timmy
Fix It Again Timmy's picture

Damn, my WebVan stock is gonna be worth a fortune - I'll be rich!!!

Thu, 07/03/2014 - 09:44 | 4921203 cn13
cn13's picture

What has popped every bubble since the Dot Com 1990's has been the FED increasing interest rates.

But the FED isn't increasing rates now.  And they might not for many more years as long as the inflation numbers continue to be "adjusted".

My point is, if interest rates remain low, and liquidity high, how in the world is the stock market ever going to fall?

I keep trying to wrap my brain around this one.  And if the FED is in fact amassing huge amounts of stocks in their portfolio than they will never sell.

So where will the selling come from in a completely manipulated stock market?

Thu, 07/03/2014 - 11:59 | 4921708 SilverIsMoney
SilverIsMoney's picture

It may never come... it may be that people wake up one day in a homeless camp with thousands of others while the dow hits 100k.

It reminds me of that excerpt in 1984 when Winston is talking about how the reports would show a surplus of shoes while half the country went barefoot. Sometimes I think it will disconnect even further from reality until a black market forms at the lowest levels and eventually overwhelms the "real" one like in the Soviet Union. There may never be a selling event only a long term crumble and then outright collapse.

 

Then again, there may come a point where the creditor nations like China and Russia decide to stop the music and collapse everything in order to cripple the US military industrial complex which is held together by this farce. I suspect if that plan goes forward there will be MANY international banks that will come in to short/sell this manipulated mess in all it's glory. 

Those bankers will walk away richer than ever and the prospect of that wealth is what will drive everyone to do the same. They just need the bagholders to start running in here at 17k like a bunch of fucktards...

 

Thu, 07/03/2014 - 09:44 | 4921204 IridiumRebel
IridiumRebel's picture

I just fuckin' came.....

Thu, 07/03/2014 - 09:44 | 4921206 replaceme
replaceme's picture

Is there a trade out there like the Big Short, a way to play this waiting for the bottom to drop out?  There has to be a way to poise for this, is it just metals and wheat, fallout shelters??

Thu, 07/03/2014 - 09:56 | 4921248 shitco.in
shitco.in's picture

Bitcoin.  This time it won't just be the bottom of the market falling out, but the failure of multiple fiat currencies too. 

Thu, 07/03/2014 - 09:46 | 4921213 LetThemEatRand
LetThemEatRand's picture

Gonzales: There is one question, Chairman Yellen: Why do they call you "Dirty Janet"?

De Georgio: Ah that's one thing about our Janet, doesn't play any favorites! Janet hates everything except stocks and real estate: gold, silver, copper, Bitcoin, VIX, other currencies, you name it.

Gonzales: How does she feel about the middle class?

De Georgio: Ask him.

Dirty Yellen: Especially Middle Class.

Thu, 07/03/2014 - 09:48 | 4921222 John McCloy
John McCloy's picture

    Fucking obnoxious isn't it..look at the last year on the chart...not an ounce of volatility in sight...LOL

   If they cannot raise rates and stop pumping with all the AWESOME IMPROVING NUMBERS FOR THE PAST FEW YEARS...they are never going to do anything to tighten..because they can't..we know they can't and they no they can't...

   Just as expected they will keep the super retard pump on just in time for the data to worsen..and that was the plan all along..HOW DO WE MAKE SURE THIS GRAVY TRAINS ROLLS ON UNTIL WE (The Oligarchs) ARE MADE WHOLE. How do we condition these fucking peasants to only know 0% savings rates? How do we use force and government edit to reach into these fucking pieces of trashes pockets and squeeze every fucking penny out of them for YEARS NOW...

      Then they go collect their reward with speaking fees, book deals, board positions that are no show, payment for writing RESEARCH PAPERS. It disgusts me...only second to those who are too pre-occupied watching Vine Videos all day to even noitce or care.

Thu, 07/03/2014 - 09:53 | 4921237 SheepDog-One
SheepDog-One's picture

The higher they pump this garbage, the more resentment builds....keep it up ass hats.

Fri, 07/04/2014 - 18:26 | 4925613 Stalkedbyhackers01
Stalkedbyhackers01's picture

Props for your nickname bro. This is space goat saying hello.

Thu, 07/03/2014 - 09:55 | 4921244 foodstampbarry
foodstampbarry's picture

You're richer than you think. Just ask your real estate agent.

Thu, 07/03/2014 - 09:55 | 4921246 BeetleBailey
BeetleBailey's picture

nibbling on my short positions today...larding on lightly....benchmark....

 

Thu, 07/03/2014 - 09:56 | 4921250 ricky663
ricky663's picture

Just in and off topic, but those who fly will feel "rich" by this:

"A TSA fee hike goes into effect at the end of this month. In a few weeks, the September 11 Security Fee will rise from $2.50 for one-way flights (with a cap at $10 roundtrip) and $5 each way for trips with connections, to $5.60 per one-way flight. The cap will be no more.

Under the new rule, fees for direct round-trip flights will jump from $5 to $11.20."

Looks like a "2 bagger" to me!

http://www.smartertravel.com/blogs/today-in-travel/tsa-fee-hike-goes-int...

Thu, 07/03/2014 - 10:01 | 4921275 foodstampbarry
foodstampbarry's picture

 12 supervisors per shift making $150,000/year have to get paid somehow.

Thu, 07/03/2014 - 10:04 | 4921280 buzzsaw99
buzzsaw99's picture

the price of getting groped and ogled just went up (again)

Thu, 07/03/2014 - 09:59 | 4921261 fzrkid
fzrkid's picture

i am pissed cuz i missed the ride up, but I am ready to short the fahk out of this thing when it does finally break.

Thu, 07/03/2014 - 10:23 | 4921346 Cthonic
Cthonic's picture

They'll selectively forbid shorting certain issues, hedge funds will borrow the float on everything else, and the premium on puts will be prohibitive even if the counterparty survives.

Thu, 07/03/2014 - 10:00 | 4921268 yogibear
yogibear's picture

Next move is DOW 18,000. They have to keep printing and buying stocks to keep the party going. 

This stock market will get so high, when it does fall it will be historic by all measures.

A bubblistic production brought to you by the Federal Reserve money printers. 

The Fed is like NAR. It's always a good time to buy a home. 

Bernanke was asked if there was a risk with subprime, he said no over 5 years ago.

 

Thu, 07/03/2014 - 10:05 | 4921283 centerline
centerline's picture

When it finally blows, it will be taking the financial systems (and most likely currency) with it.

Thu, 07/03/2014 - 10:08 | 4921294 yogibear
yogibear's picture

So the Federal Reserve banksters buy everything.

LOL, look at the Fed's off balance sheet debts and it's probably 3 or 4 times the 4 trillion.

The Federal Reserve is insolvent, but since they can print it doesn't matter.

What takes the Fed down is crashing the US dollar and loss of confidence.

Thu, 07/03/2014 - 10:23 | 4921327 Exalt
Exalt's picture

^^ True story. This game can go on for as long as people have faith in the Dollar.

They won't notice... will they? Nah they won't.

Thu, 07/03/2014 - 10:21 | 4921338 razorthin
razorthin's picture

Well, since no crash ever starts until everything looks eternally rosy, you can bring it on now.

Thu, 07/03/2014 - 11:10 | 4921508 SAT 800
SAT 800's picture

Thank God the Economy thing is fixed, now. It had me worried there for a minute.

Thu, 07/03/2014 - 11:19 | 4921540 homiegot
homiegot's picture

I'm rich...

Thu, 07/03/2014 - 11:30 | 4921588 Legioona
Legioona's picture

ofc wear two dow 10k hats for dow 20k.

Thu, 07/03/2014 - 11:44 | 4921645 JenkinsLane
JenkinsLane's picture

"Mission Accomplished" does not bode well for the future.

 

The last time I came across the phrase it actually meant "The civil war starts now!"

Thu, 07/03/2014 - 12:27 | 4921793 Hongcha
Hongcha's picture

Who was it said the initial effects of hyperinflation are euphoric?  One of the Swissies, I believe.

Of course, such as we are party-poopers, curmudgeons.

I am not going to attempt to short this.  Today I was trying to recall the precipitating events of the 2000 and 2007 crashes.  or what they appeared to be.

The crack in the dam in 2007 was those Bear Streans fund failures, was it not?

The last time we got a quasi-meaningful correction, it was the IWM that topped first.

Part of me thinks the FED may dynamite the ediface deliberately to let out some steam and create a Reichstag Moment.  I look upon the FED as a malignancy, nothing more or less.

Idle speculation over coffee on another dry day in SF ... just buy bullion and step back.  Imvho.

Thu, 07/03/2014 - 12:32 | 4921825 Hongcha
Hongcha's picture

Bought a small chunk of TZA.  Like buying a chunk of hash at the dispensary.

SKOL!

Thu, 07/03/2014 - 13:41 | 4922085 Jano
Jano's picture

repeat the obama care and the dj goes over 20k.

Thu, 07/03/2014 - 14:35 | 4922301 Bemused Observer
Bemused Observer's picture

I'm curious how this works out. Not in the next few days, it IS a holiday weekend. But come next week.

Will the reaching of this much talked-about 17,000 mark mean an orgy of retail buying, as investors throw up their hands and buy, buy, buy?

Or, will there be an opposite effect? Will people, seeing this high finally realized, now figure it's only downhill from here, and start to exit?

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