Barron's Cover: "Get Ready For Dow 20,000"

Tyler Durden's picture

With The Dow just one good day away from the nirvana of 20,000 - proving once and for all that the fiction-peddling naysayers are wrong about the US economy - Barron's unleashes its magazine cover curse to do all it can to end the party.

 

Another cover, another curse, or maybe Barron's has been right all along...

 

As we noted previosuly, the Trumplosion has been driven by just three stocks - Goldman Sachs, UnitedHealth Group, and Caterpillar - which together account for about 40% of the advance...

 

All of which looks 'normal'

 

And as more and more of the squid's alumni are drawn into Trump's cabinet, charts like these will make more and more sense

 

Although the most recent move is eerily similar to the 1995 to 1999 rip that ended so well for Pets.com and their breathren:

 

Of course all of this is rational buying at record high multiples based on increased economic expectations in a new Trumplandia normal... oh wait.

We leave it to none other than Jeremy Siegel to sum up his 'told you so moment' of euphoria:

“Right now, there is Goldilocks,” he said, referring to an economy that is strong enough for Federal Reserve officials to raise rates at their meeting in the coming week and at least a few more times next year while inflation remains tame.

 

What’s more, he said, stocks will respond well to the prospect of more-favorable corporate taxes and less regulation—a pair of factors he expects will push stocks higher, despite their record highs and slightly higher rates on the horizon.

 

“I think the Trump rally has a way to run,” Mr. Siegel said.

And finally:

“There’s no bubble today. There hasn’t been for years.”

 

“What is being priced in is optimism about Trumponomics,” said Ian Lyngen of BMO Capital Markets. “It’s frankly impossible to value [markets] in light of the fact we don’t know what his policies will ultimately be.”

"No Brainer" really.

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Hungman's picture

Time for the FED to bring the house down. HIKE BITCH!

J S Bach's picture

All illusions are eventually laid bare.  Our faux-monetary system will soon show its true substance... nothing.

Troy Ounce's picture

 

 

There is a serious disconnect between value and price.

It all started on August 15, 1971.

VWAndy's picture

 Yep thats when we started measuring everything with a rubber band. Making the math moot.

Draybin Deffercon III's picture
Draybin Deffercon III (not verified) VWAndy Dec 10, 2016 2:12 PM

So serious question... what happens to the QE Dollar this "market" was built on when this thing blows up? When people try to sell? Will there be a deflation at all or will this thing just explode immediately under all the pent up forces?

Money Boo Boo's picture

DOW 20,000

 

 

National Debt 20,000,000,000,000

 

 

Nuff said.

Supafly's picture

The debt doesn't matter.  World reserve currency status does.

VWAndy's picture

Yep. Its all about that magical money.

Save_America1st's picture

like we all know has been said and demonstrated many times before:  "The markets can stay irrational longer than we can stay solvent."

Well, hopefully most of us have done enough preparing to outlast this irrationality.

And this right here has been the mother of all irrational markets over the past 8 years because this is the end-game and TPTB have had to go full-retard.

And we all know you never go full-retard:  https://www.youtube.com/watch?v=oAKG-kbKeIo

If anyone here is new to preparing and stacking, well consider this your last chance to get to it and catch up.  Get stacking phyzz and supplies now.

We just have to stay composed and let this run its course.  Keep stackin' phyzz Ag and Au and all other essential supplies:  food, water, guns, ammo, etc.

Get out of the bankster system as much as possible and streamline our lives...whatever it takes to prepare now to protect ourselves for the innevitable crash.

It's their club and their party and we're not invited.  So we have to do what we can now for ourselves and others just like most of us have been doing for several years or longer while we still have the chance to continue stacking for cheap and just see how this will all play out in the end.

Heads up, stay positive, don't let these fuckers shake you loose from your phyzz, be smart and watch your 6.  You do your best and hope things work out because fortune favors those who are prepared.

Kaiser Sousa's picture

coming outta the wood works...expect to hear a lot more of this bullshit moving forward...

http://www.silverdoctors.com/gold/gold-news/martin-armstrong-warns-gold-...

Save_America1st's picture

yeah, saw that....heck...who knows until it really happens though, right?  Yet the gold prices in India are now going for around 3400/oz U.S. dollars because of the cash ban and confiscations.

Sure, prices could drop to 1000 for gold or 8 to 10 bucks for silver...but we have to keep in mind those are the fraudulent paper prices that Armstrong is talking about, not true phyzz price or value.

In 2008 when the shit hit the fan, silver did in fact get monkey hammered 50% down to around 10/oz for a little while.  But also remember that that caused a massive and immediate shortage of available phyzz, long delivery delays, and most importantly to note:  100% premiums to spot price.

So even if anyone was able to source any phyzz they were still going to pay 20/oz, or higher.  They had to pay up front and then wait weeks and weeks for delivery.  Not a fun situation and they weren't saving anything in the long run as far as fiat prices.

Anyone who doesn't realize this and who is sitting on the sidelines right now listening to people like Armstrong and thinks they should just wait for the big smash so that they can scoop up cheaper silver or gold are making a huge mistake.  They won't find anything for sale for less than what it's going for now, if not even higher.  And if they do find anything for sale it will be the junky stuff first, right?  I saw that big-time back then.  All kinds of crappy, beat-up, odd generic rounds and bars and crap like that was all you could readily find at first.  Buffaloes and Eagles had much higher premiums.  It's just normally how it goes. 

But it doesn't hurt to own some junky stuff just for that exact reason.  I still have junky odd generic rounds and bars just so I can trade or sell them off down the line if the prices are right and I want to flip some stuff to get something better.  You don't want to have to get rid of your good stuff if you have some junky stuff to start with.  ;-)

But quite frankly, I know for myself that no amount of manipulation downward in prices can ever shake me loose of my phyzz.  Not even for triple the going rate.  That's just me.  I stack phyzz to get rid of worthless fiat, not to try and gain more of it down the line. 

So my advice for anyone waiting for single digit silver prices is to just let it go...forget about it...it will never happen and you will never be able to buy it without paying massive premiums even if you can find someone willing to sell.  Just pay now at the current spot w/ these very low premiums and quick delivery.  But just don't go all-in and blow all your dry powder at one time.  For now it's still a viable option to buy in smaller chunks on the dips and then sit back and watch how this all pans out.

Get to know your local coin shop guys as well.  Don't just always buy online.  Your LCS will usually be able to deliver much quicker until the shit hits the fan.  And if you get to know them and make purchases from them regularly well then that's good for them and it will be good for you in the long run if you eventually need to source a larger purchase.  They will help you out the best they can if they're good peeps.  I definitely know this from my experience in my town and the LCS I have gone to for the past 6 years now.

BTFD still applies for now.  India is an extreme situation which goes back to "irrationality" in these fake "markets" and with these scumbag governments.  Could that happen in the U.S.?  Maybe, I don't know, we'll just have to wait and see as always.

But it's a different situation here in the U.S.  Indians don't have guns.  We do.  They're also a completely different culture...the majority are very poor and uneducated (low IQ, lack of accessibility to information, etc.), and seemingly incapable of fighting back against this shit.  They do have massive numbers, so if they got their shit together they could easily overrun the government with 100's of millions of people.  But they just don't seem to have it in them.

I personally don't believe that shit would fly in the U.S. 

Plus confiscation doesn't seem like a practical risk to attempt by our government...probably 98% of the population don't own even 1 ounce of silver anyway...mostly just cheap jewelry. 

The gov is just going to kill the dollar and cause massive inflation at some point, so those of us w/ PM's will theoretically do well in preserving our wealth and purchasing power as long as the gov-scum don't try to impose some kind of 90% tax on PM's.  And if they do well good luck with enforcing that as the black (free) market will take over and of course we all still have our guns. 100's of millions of guns.  :-)

I'm remaining cautiously optimistic in the outlook even though I do believe the dollar will eventually lose reserve status and be killed domestically as Jim Willie has predicted.  I do think that's a likely possibility because we already know they are trying to kill cash and force us into a government electronic system.

I'm also not opposed to holding some BTC just for some other type of diversification.  And I'm also trying out BitGold or also now known as GoldMoney, because you can buy in grams and store in Brinks vaults outside the U.S., and you can also tie those gold holdings from the vault to a GoldMoney debit card that they provide so that you can spend your gold on regular Visa purchases. 

So those are 2 types of electronic systems outside of the bankster system and outside of holding phyzz that will be viable unless TPTB shut down the interwebs or ban card accounts like that.  We'll see.  Doesn't hurt to have a little bit in other systems like that but just don't put all the silver and gold eggs in one basket.

We can't predict what's going to happen...and hell, if things turn around in some miraculous way and we don't see some kind of economic armageddon in the U.S. well then what have we lost?  We still have stock piles of valuable supplies that will always be valuable no matter what.  Seems like a win either way we do it. 

I wish more people would start prepping though.  I doubt if even 20% of the population are really prepping.  I have so many friends and family who understand all that I've written above yet they are just not able to pull the trigger and start prepping.  They've known what's going on and have seen what has transpired over the last 8 years and they still haven't fully gotten out of their normalcy bias or congnitive dissonence, whatever you want to call it.  They just seem to be waiting for a miracle that I highly doubt is going to happen. 

Reading lots of info and opinions even from people like Armstrong is good to do.  It's good to get all these other perspectives.  But we have to take it with a grain of salt and compare it to everything else we read and know and trust in and then make the best decisions we can based on what we think is best for us. 

But no matter what:  Just keep stackin'. ;-)

 

Save_America1st's picture

wow, that guy's a jackass.  Is he going to buy that shit???  Maybe the Treasury should also mint 1oz Trillion dollar platinum coins to pay off the debt like Krugman said.  lol

Who does he think would want to buy it?  Doing all this shit that the banksters are trying to do to cover for their crimes only proves that they've destroyed their own system.  Better to just let it collapse now and start over after jailing and killing most of them all.

Trials against these treasonous banksters and politicians these days would make the Nuremburg trials look like a boring day in traffic court.

I heard an interview the other day that someone on the inside w/ Trump says he's going to bring back Glass-Steagall...apparently it's in the works big time right now. 

This shit's coming to an end one way or another.  Looks like Europe will implode first, of course.  What a shit show.  The banksters and their treasonous, fag, puppet politicians have pulled a lot of tricks out up to this point to keep it going and kick the can down the road further.  But I think they've run out of options unless they just say "fuck it" and resort to a nuclear war. 

who knows???  It's gonna be a very interesting next 4 years though, that's for sure. 

Déjà view's picture

29,035...

"Because It's There"

~ George Mallory 1923

both jack bauers's picture

Had to scroll down a bit to find what I was looking for, namely, this (what should be so obvious) comment and corrolation.

One number can continue to increase, potentially forever.

One cannot continue without bringing a financial storm of unprecidented ferocity.

 

Invest wisely.

Save_America1st's picture

always big respect for Steve...he does great work!

I should be working's picture

Some day the national debt will go high enough that the DOW will get to 20T too...

VWAndy's picture

 All fiat has a specific value of 0. Price discovery will be a bitch in heat.

Raffie's picture

THE UNSTOPPABLE DOW!!

FORWARD TO 30k.... TO BIG TO FAIL!!!!!

HURRY AND BUY THE SPIKE!!!

*sigh*

So many people throwing money into the markets thinking just what I said above.

I will be wearing hearing protection because when it pops, it will be loud, and the level of profanity will be Biblical.

Reminds me to buy stock in Kleenex. Them tears will not dry themselves. Should invest in some sort of Funeral Service and Cemeteries since the suicide rated will be epic. 

 

 

UmbilicalMosqueSweeper's picture

Just make sure you don't use the sidewalks next to tall buildings.

larz's picture

As soon as Gartman agrees you can probably go short with confidence

tarsubil's picture

Everyone knows the emperor has no clothes but the people bow down to him anyway.

Sebastion's picture

watch her raise 50 to remind Trump she can't be removed.

VWAndy's picture

 85 billion bailout dollars a month buys a metric shit ton of bunny rabbits and sunshine.

GRDguy's picture

Simply a testament to just how much TPTB can manipulate stocks.

http://www.zerohedge.com/news/2016-10-24/caterpillar-retail-sales-declin...

flaminratzazz's picture

stocks -ammo..stocks or ammo? stocks... or ..ammo.. hmm tough call

cashed in the 401 k too early me thinks?

if there is no deflationary spiral before hyperinflation allowing me back in to stocks, I am fvked.

Raffie's picture

For the 401k the saying is "Better to have %70 of something, then %100 of nothing."

flaminratzazz's picture

over 59.5 .. i pulled 80%,,should get a bit back on my return as well,, hopefully

Bay of Pigs's picture

And Mises, Rothbard, Hayek and Rockwell have all told us where the "crack up booms" end.

In complete disaster. It won't be pretty.

flaminratzazz's picture

Yeap.. that is why I cashed in..too many in the know voices have come full force end of the world paranoid.

I am no longer fringe

tarsubil's picture

It is like no one has heard of crack up booms. They've been documented and known about for almost 100 fucking years.

MASTER OF UNIVERSE's picture

'No brainer' for meathead deplorables, eh?

MASTER OF UNIVERSE's picture

'No brainer' for meathead deplorables, eh?

Seasmoke's picture

If someone gave me $50,000 to invest BEFORE this latest bubble..No Lie , I would have probably have picked Nike.  Says all I ever need to know. I will stick with physical Gold and Silver and just wait for the collapse to happen. 

29.5 hours's picture

.

.

I only wish I had more gold to sell so I could invest in this sure thing. We are on a permanent plateau of ever-increasing all time highs...on paper claims to corporate America.

.

.

 

Seasmoke's picture

If Gold is such a poor investment or not sound money then how did ever get to $1900 in first place.  And with things much much worse than 5 years ago, how is it now below $1200.  

AlexCharting's picture

Would be hillarious if we failed to get to 20,000.... stock bulls would be ranting like gold stackers ad infinitum.

Hungman's picture

It better happen by Tuesday...that is when the ride begins. 

francis scott falseflag's picture

 

We'll be at 20,000 by 11:30 Monday and the market'll stay up until the internet satellites

come down when the war starts. 

 

Today the CIA is actually two bridges too far

CoCosAB's picture

Holy SHIT!

 

That one in the 3rd place... Is that the same Cat that is in the "GREAT RECOVERY" fase of 47 months with negative retail sales?

 

 

Racer's picture

When I saw that CAT was third.... FFS?
New dot com bubble....
Scrap.com

Dode415's picture

Was Trump not saying the market was in a bubble before the election to try and force a Hillary win but now it's even more bubbled it's all down to him ? Jeez ????

CoCosAB's picture

The blow up is going to HYPER FUNNY!

Vinividivinci's picture

explosion or implosion...decisions, decisions!

moneybots's picture

A chart of the biggest financial fraud in the history of the world.

just the tip's picture

trump's 10 year old kid has his own financial magazine?  holy shit!

Lord Peter Pipsqueak's picture

Is that the same dead CAT that, last time I looked had achieved 42 consecutive months of declining sales?Bullish or what???

Nah, must be some other company that makes earth moving equipment with exactly the same name and ticker symbol with its shares trading up 42% ytd.