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S&P 500 Hits All-Time Record High, Dow Tops 18,000
...as US Macro data hits a new 10-month low.
Yeah that makes sense...
Oh now it makes sense...
and has just broken above 2093.55 - an all-time record high...
and Dow tops 18,000
As Cramer summed up "Never in my lifetime did I think I'd see that"
Charts: Bloomberg
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The 'markets' have long ago disconnected from any semblance to reality.
<To the moon Alice.>
dust off the 20k hat and get the 25k hats ordered.
It can be difficult to resist the herding impulse to climb aboard the gravy train. The at times irresistible pull of insanity can be heady and intoxicating.
The less real we are as individuals, the more alluring the illusion becomes.
<Shameless plug. Two Ice Floes is celebrating its one year anniversary.>
And we all call these "risk assets"... Pfft!!! What risk could happen on Monday? Naaah... just buy the dip.
Loadsamoney!
https://www.youtube.com/watch?v=ON-7v4qnHP8
dip, what dip?
BTFATH, putaz!
The bankers will do anything to keep the stock market propped up. The real economy is crumbling beneath our feet. They will continue to pump newly ‘printed’ dollars into stocks. QE4 is coming sometime in the next year. They will eventually completely wipe out the dollar, of course.
Protect yourself with brass and lead. Protect your wealth with gold and silver. These metals will keep you going after the dollar stops. We need to get as many people as possible prepared for the day the dollar dies. A good way to get people more aware of the fall of the dollar’s value is giving them a candle with a silver coin: https://www.etsy.com/shop/ScentSavers?ref=hdr_shop_menu
This also gives them their start in stacking silver. Most half-awake Americans already have firearms, we need to continue chipping away so there are more prepared financially too.
2% bond yields competing with 50 pe stocks
mortons fork
What is real? Working and saving? Telling the truth and not stealing?
Bullshit!
Reality IS exactly what we are seeing and it isn't the product of honest work, conservative saving and caution. That reality is DEAD.
The economy is no longer dependent upon productivity, its dependent upon speculation and the better the liar you are, the farther you will go. The only real punishment is honesty. You can be a criminal and live the good life. Its only those who do not play the game, do not pay the vig, that get caught up in the wheels of "justice".
Reconvergence will only happen when we are on our backs, starving, living outdoors in a cardboard box.
Been watching it too long to believe anything different. For those of you profiting from this crap, You Suck. But I understand why. Its my own fault I just can't do it. I was raised a fucking idiot by fucking idiots who were born of a different time where honesty and hard work were THE path to prosperity. Like myself, they saw it coming much better than I and still clung to their principles and demanded I do the same. Dolts they were as am I.
Sadly, there is far too much truth in what you say.
Hard work, saving and thrift have become a sucker's game, while financial speculation is now the winning strategy.
I feel sorry for all the stupid leveraged shorts.
Im buying VIXY here. No margin though. :)
My friends have been ribbing me about 'the last bear standing', but after yesterday's figures and the ongoing Greece and Ukraine news (neither of which are resolved when one digs behind the headlines), even I'm wondering if I should 'do a Hendry' - NOTHING has been fixed since 2008, only the creation of more and more debt.
But then I'm on ZH so I'm not saying anything new, but I feel better for saying it!
DavidC
David, show your friends the stock index charts of Zimbabwe, Argentina, and Venezuela, for recent examples, or Weimar Germany's for a longer dated 'rosy scenario'. Patience will reward you. Buffet has long said the "market in the short term is a popularity contest but in the long term it's a weighing machine".
William Dudley, NY Fed, has to keep stocks moving higher no matter what.
Charles Evans of the Chicago Fed implied they had targets. Infinite fiat directed at anything will make it go up.
Expecting PEs to go well above the DOTCOM PE averages. Lots of room to ramp.
Lots of room to ramp unless earnings drop......which increasingly seems to be the case.
Just means that P/E ratios will rise, not that stocks will drop. Feel the dollars on your face as Yellen squeezes it out of his QEock, like Peter North on a niave 18 year old female.
fap fap fap
Yeh. But they will BOTH be hanged for TREASON before it is over...
DOW 36,000 is coming soon....
tomorrow?
Funny!
DavidC
Everything is awesome!
looking at my wife............hmmmm nope.
Business, business, business, numbers, numbers, numbers!
when pretty much everyone on ZH gives up then the market will crash. 2-3 years?
It could be a long while.
As long as people have faith in the US dollar.
When the last human stops trading. There are still a few left.
"Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs"
The Federal Reserve's shinning economic model.
Well within the linmits of hedonic adjustment for such an obvious staple of the economy.
"Zimbabwe's stock market was the best performer this decade - but your entire portfolio now buys you 3 eggs"
Gideon Gono was ecstatic when Ben Bernanke "proved the wisdom" of his actions...
The Fed's Goal is to get the baby boomers to use thier higher 401K funds to add on a (multi-bedroom) addition for their newly unemployed, boomerang sons and daughters and their families
Aaaaannnnndddddd....Zimbabwe.
The World of Mad Max
The World of Elysium
is the same....
just a POV.
Yellen is scared .... really scared!
Terrified that this will crash on her watch.
There is no way out without terrible pain.
Our only hope for our kids is that when this finely ends the FED is shuttered.
That assumes that we still have a country that we even recognize.
Duck and Cover,
They are all PETRIFIED, Yellen, Draghi, Shirakawa and Abe, Merkel, all of them.
On the news here yesterday despite the UK's resounding 'recovery', Mark Carney was indicating the potential renewal of QE this year. Fuckwit.
DavidC
feels like 1996
This period will be known as the Dot.FED Bubble.
betting against the casino not a wise bet, ask the gamblers in NJ, but I took a bite of tvix, it's only fiat after all,
Someday the Fed will be known as The Frontier of banks. Bet on it...
On every piece of bad news, no matter how temporary, central bankers stimulate to make markets rise regardless. They can build a bubble for a long time, but the more it disconnects with reality, the bigger the problem there will be down the road.
this same judge will be called upon if and when any citizen makes a real killing in the markets...
"A New Jersey judge ordered the return of $1.5 million to a casino from gamblers who won at a table game after realizing the cards had not been shuffled.
State Superior Court Judge Donna Taylor ruled in favor of the Golden Nugget casino in its dispute with 14 gamblers who say it was not there fault the cards were not shuffled and should be allowed to keep their winnings."
why do i think equity and bond and options investors instead of gamblers..just me i guess
Only Put options. You can buy as many calls as you want.
If you're hanging on to a rising balloon, you're presented with a difficult decision — let go before it's too late or hang on and keep getting higher, posing the question: how long can you keep a grip on the rope?
Danny
" the bigger the problem there will be down the road."
The Federal Reserve doesn't care. Ony the here and now matters.
Infinitte growth and debt in a finite world.
Yup. It will be someone else's problem. Real leadership, huh?
You can't make this stuff up.
Relax.
We're just finishing up the top of the Domed House.
I just can't take all of this prosperity
Most hedge funds are dying today.
It is nice to see the curtained pulled back. It is now clear....economics no longer matters. Just free money for the most well connected. Someday it will crash but we are in Tulip Mania; south seas terrioritory....can double triplle or tenfold from here. Reality isn't holding us back anymore
Oh this is crazy, the 99% is going to get crushed. The world has gone Mad.
Ha
All that really needs to be said. Stocks are supposed to be a forward looking indicator. Kind of hard to make money when your future product that is supposed to be delivered to retail in two weeks is still sitting on a cargo ship outside LA.
I went to a very high end mall last night. Since last month six stores have shut their doors. Talbots, RUUM, Aeropostale, Radio Shack, and two others that were some kind of high fashion women's clothes. Even the Apple store only had three customers.
Sales and bookings have been abysmal. Best Buy has been a ghost town recently.
Seriously, are there any shorts left to cull? It's a freakin crime scene..
short of the stock market and prepper items, where can you put your cash? oil? energy? real estate? pm's? auot's? hookers? blow?
wife?
Narcotics money moving on to balance sheets to support earnings.
Thank god for the underground economy.
where Tylers gets US Macro Data from? must be different that CNBS sources... Europe is turning, green shoots, housing ETF screaming higher...
I went long some Lennar, Cramer says it's best of breed, and some Apple cuz some other rich unethical kike said it's going to 216,
Long calimari.
what do you predict for Monday?
Cue up the woody woodpecker laugh.
Move along, nothing to see here.
There is no such things as "manipulation" in the market...
BULLISH..!!!!!
Selling my car to buy more puts and gold....
I'm going all in..!!
Are we back to Bad news is Good news?
Sorry no rally Monday!!
markets are closed
Washington's Birthday -- February 16, 2015
http://www.thestreet.com/stock-market-news/11771386/market-holidays-2015...
#motherfuckingwinningmotherfucker
The markets (if you can really call them that) are no longer part of our society. No longer connected to fundamentals or reality. We now have 2 different species on Earth - the 1% (haves) and everyone else (have nots).
No matter what, at some stage soon, reality will very suddenly matter.
The Dow will most certaintly go higher. It's a mathematical certainty. Here's why.
To calculate the Dow they use what they call a "divisor". Normally when we think of an average of say 30 stocks, we would add up the prices and divide by 30. But to maintain "continuity" as they call it they adjusted the divisor so it's not 30, but 0.15571590501117 and next week when the Visa split happens I calculate it will go to 0.144577964364253 which is smaller still.
When the "Divisor" became less than one, it became a multiplier. As the Divisor approaches zero the Dow will approach infinity. And at 0.14 it isn't all that far from zero.
As long as they adjust it down, the Dow will increase. One day the MSM could be saying the "Dow is at all time highs of 43,349,396. Just a few more splits and it'll be there.
More on how the Dow is calculated here:
https://drive.google.com/file/d/0B51-74tGswAXcTY0b3hxNlBUeGM/view?usp=sh...
And if you think the Dow is the only index with a goofy divisor, think again.
Dow Jones 30 Industrial (divisor: 0.15571590501117)
Dow Jones 20 Transport (divisor: 0.16463027952653)
Dow Jones 15 Utilities (divisor: 1.31325274200630)
Dow Jones 65 Composite (divisor: 0.78654120395458)
http://online.barrons.com/public/page/9_0210-djhfhravg.html
.
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So this divisor is used to calculate Dow; but how do they select/determine/calculate the divisor?
Any piece of bad economic news is always "unexpected". What planet do these ass clowns live on?
We're so doomed we're saved! YAY! DOW to 20 fwazeeeelyun!