S&P 2,000 On Lack Of BTFATH Slack

Tyler Durden's picture

Mission Accomplished... Retirement for all. A year ahead of Goldman's schedule, and with Treasury yields plumbing multi-month lows, US equities are opening this morning at new record-er highs as the S&P crosses the 'awesome' 2,000 Maginot Line for the first time (despite Yellen's hawkishness and Kuroda's playing down moar QQE leaving Draghi left to save the world). Can you feel the wealth effect surging through your income streams?

"wealth effect"


Perfectly normal...


and then there's this...


As an aside, stocks are now on pace for the best August in at least a decade...

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buzzsaw99's picture

i don't think anyone expected the algos to stop short of 2K.

Dr. Engali's picture

Actually, there were two different commentators boasting about buying puts on Friday. Apparently they believe we still have a market.

Gaius Frakkin' Baltar's picture

When the hopes of the masses rests on a bunch of lies don't be surprised when the masses revolt after the truth slaps them in the faces (as happens occasionally).

zaphod's picture

The S&P is not up.

The Dollar is down....

buzzsaw99's picture

the subject of ridicule by most on here

Gromit's picture

Bought some SPY puts......

huggy_in_london's picture

Just in time for the worst September in, oh, i don't know... ever?

huggy_in_london's picture

Yeah, doubled since 1998.  No bubble to see here.  Actually, maybe its not a bubble.  Maybe it just proves that money is worthless now.

rqb1's picture

It's all about fundamentals

PartysOver's picture

"It's all about fundamentals"  I was laughing so hard at that I unleashed a personal biological weapon.   The dog even ran out of the office.

DullKnife's picture

You party like it is 1999, me?  

I'm too busy living the good life that my investments allow me:

Bank savings/CD's: 0.02% savings and sub-1% CD's.

Solar energy stocks: died

Metals stocks: dying

Energy stocks: comotose

General stocks: dumping.

Guess I should have bought what the Fed does...the DOW index.

But too late, my investment cash locked up in red stocks.

Great economy though!

And laid off family members have more personal quality time...to dumpster dive.

Thanks Obama/Dems!


Killtruck's picture

Metals stocks? Is that an oxymoron?

LawsofPhysics's picture

What is this "counterparty risk" you speak of?

(because that is precisely what you are referring to)




tgatliff's picture

I doubt the FED and company (aka Citadel's HAL 9000) will allow the markets to free fall with an election coming in Nov.   I would assume we will remain in bizarro land until the end of the year.

Dr. Engali's picture

Come on S&P 3000!


<-------------- Y2K

<-------------- S & P 2k


Bigger farce?

swmnguy's picture

At least Y2K started as something potentially real.

Dr. Engali's picture

Please... I saw Y2K for what it was.... another meme scare tactic to get people buying and upgrading computers. People thought I was nuts for calling it the bullshit that it was.

clade7's picture

I tried to use 'Y2K' in my sales pitch selling equipment in MS and Al back then, since it was all the rage....assuring potential customers my stuff was Y2K compliant...


One old guy at a fab shop in MS said "Y2K?  That damned ol little robot on StarWars?  My shopvac could kick his ass"!

True story.

DavidC's picture

There's a $2.00 - $2.50 billion POMO tomorrow and $0.95 - $1.15 billion on Wednesday - after that, who knows?


101 years and counting's picture

exactly 200% increase from the 09 lows in 5.5 years.  na, its not a bubble. 

buzzsaw99's picture

it's not a bubble, a bubble has a skin. this is vaporware which can drive up prices without ever building a position so there's really nothing to sell at the end of the day.

Keltner Channel Surf's picture

It seems an edifice is being built in thin trading that can be knocked down post-Labor Day.  Machine badminton on light summer breezes ...

Keltner Channel Surf's picture

Priceless !    (I have inside knowledge that the same technology used in this sporting robot is incorporated, with just a few tweeks, into the Russell algos that are trying to lift the roof off the circus tent as we speak.  Not sure they have enough horses . . . )

Bill of Rights's picture

All Clear Given Following Active Shooter at Fort Lee Army Base

jmcadg's picture

Is everyone seriously waiting for Draghi to save the day.
He'll talk a load more bullshit and do NOTHING!
Unless there is a European country willing to cede sovereignty.
Not going to happen.

ptoemmes's picture

Ho hum.  Did something important happen?  I didn't think so.  Carry on to 2,100.


Is that graphic for a Corona beer or Viagra commercial?

monopoly's picture

Well, this market has left me far, far behind. But at least I learned a long time ago not to short stocks in this "twilight zone". 

Budd aka Sidewinder's picture

The higher somebody stacks a pile of shit the bigger the mess it makes when it falls over and this is one HUMONGOUS PILE OF SHIT

juggalo1's picture

S&P hits new all-time intraday high.  Doom-preppers everywhere gnash their teeth in rage.

DullKnife's picture

Wish I could create wealth out of nothing, like the Govt Fed.

Then I would be rich!

q99x2's picture

BTFD. Praise be to James Altucher. That man is a genius.

Hubbs's picture

Man, do I feel like a dumbass after thinking  I was so clever back in October 2007 when I got entirely out of the stock market ahead of the crash. Problem is, I never got back in, thinking that unless things actually improved (based on traditional economic fundamentals), I would not get back in the market.

Hello, APMEX? I would like to place an order for 500 more silver Maple Leafs.

juggalo1's picture

Well, I hope you learned a lesson about market timing.  You never know.

Kaiser Sousa's picture

"Hello, APMEX? I would like to place an order for 500 Maples Leafs..."
that was beautiful....my sentiment exactly...

metastar's picture

Beware the S&P 2K Bug

shanearthur's picture

This market's resilience makes Ebola jealous.

Kilgore Trout's picture

The sheeple are feeling quite wealthy

It seems the economy's healthy!

But when they've bought gas and food,

it spoils their mood.

The effects of inflation are stealthy.

Son of Captain Nemo's picture

For a minute there I thought this was a Cialis advertisement.

What a great analogy for the S&P and DOW as a "side-by-side" pair of bathtubs with one of them being a "dicK' that can't get hard anymore!


Finnman's picture

Thanks Mario Draghi, great macarone, SP is now over 2000 ...!!!

RisingSun's picture

"Can you feel the wealth effect surging through your income streams?"


Yes I can, unlike many top callers, I am invested in this market and happy :) Actually I will buy my first investment property(its a flat, but gotta start somewhere)  with my 2014 gains later this year, still keeping my core divy stocks for years to come.

hot sauce technician's picture

This market is how central bankers launder newly printed fiat and distribute it among cronies. Keep that in mind. And adjusted for inflation, I wonder How much this market has really gained.

walküre's picture

You're feeling lucky, punk? Well, do ya?

walküre's picture

This is the old guard's one last ditch effort to strike it rich on their way out of this world. Can't wait for the old guard to expire and put the lid on this chapter that already belongs in the dustbin of history.

That generation of geezers lives like the future belongs to them and a scorched Earth is all they intend to leave behind. The Cialis or Viagra comparison with the picture make 100% sense as well.

You want to know what's wrong with this day and age?

Old geezers not prepared to face their age and think they can keep going as long as they can get it up because getting it up is all that ever mattered to them.

They're getting it up alright. Money for nothing and the chicks for free!

torabora's picture

S&P doubling since 1998 is a near 5%+ return....a bit hot but isn't representative of the zany DOW 36000 touted way back when. Gold was $294 (add $60 for coins)....your best returns would have been in SF Bay/LA area housing if you could have owned outright through the crash.