"19,999.63!"

Tyler Durden's picture

The Washington Post is very disappointed...

 

The Dow tried (and failed) 8 times...

 

 

Here is how Bob Pisani explained it...

 

VIX with a 10 handle could not get Dow to 20k...

 

It's been since The Fed hiked rates...

 

Small Caps ended the day red, Nasdaq surged...

 

On the week, Nasdaq soared (best week in a month, 2nd best week post-election)...

 

The Dow's moves were all USDJPY driven today as once again it was Buy The Fucking Payrolls Dip day...

 

Bear in mind that The Dow had gone nowhere since Nov 2014 until the election...

 

Notably S&P 500 (and Nasdaq) also broke to fresh intraday record highs...

 

All major S&P sectors closed green on the week with Healthcare (Biotechs) outperforming...

 

Gold is 2017's best performing asset for now...

 

The USD rallied today post payrols but was already moving higher as Yuan tumbled overnight... The USD Index closed the week unchanged...

 

Bonds sold off hard today but the entire curve (except 2Y) ended the week lower in yield, led by 30Y yields dropping 6bps to end the week perfectly at 3.00%

 

Crude closed the week lower with silver and gold outperforming...

 

One last thing...

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spastic_colon's picture

i love it when i'm right and i love it when i'm wrong

 

today is one of those days

Draybin Deffercon III's picture

Forget DOW 20,000. With this latest pullback, it is probably your last chance to buy 3 digit Bitcoin ever. Tell the grandkids that you were an early adopter and made world history.

https://localbitcoins.com

CPL's picture

DOW 1000000!!!  Bullish!  (until it isn't)

PT's picture

Always thought one should bet a tad short of the round numbers but I was never in a position to try it.  It looks like a significant number of people agree with me.

RopeADope's picture

Dumb ass. If you have been paying attention for the past two years you know that this is a bear trap.

The break above 20k will provide the first legit short opportunity we have seen in months.

King Tut's picture

So who gets credit for Dow 20K- Obammy or the Orange Messiah?

HokumYTrader's picture

Orange Julius Ceaser

 

He called it on twatter, playground rules: he who called it wins.

Bill of Rights's picture

Hey king twat ... that oil is still tasty

liquid150's picture

BTC will plumment back below $500 in 2017.

mrtoad's picture

Before the dollar crashes or after?

0valueleft's picture

Loyalty is ignorant, it's what the wolves who produce hope the sheep will graze on. Diversify and perhaps your grandkids won't have to shovel the coal. 

SILVERGEDDON's picture

Draybin, do your best Hoover impersonation on my dick, and you still won't convince me to " buh teh Satoshi's, stoopid Hedgies. "

Draybin Deffercon III's picture

No. And you are going to buy the fucking Bitcoin moron. You're going to love it and you are also going to force everyone else to buy it too.

business as stusual's picture

You can lead a man to knowledge but you can't make 'em think.

Raffie's picture

They will pound their faces into the brick wall till DOW hits 20k.

***There is a new software they will be using on Wall St for the DOW. The application will be called the DOE. The DOW DOE software will assure the market hits all goals set by the Fed***

gm_general's picture

Is that how Bob Pisani's nose got that way? Pounding it into a brick wall.

Raffie's picture

Look at Kerry and Lenno.... same face pounders.

HokumYTrader's picture

It got that way from being up Art Crashin's ass

spastic_colon's picture

pounding it against janet's ballsack

HokumYTrader's picture

They have had that for 8 years, the just never should have given it to Trump.

Ruteger's picture

Inconceivable!

booboo's picture
Never Go in Against a Sicilian When Death Is on the Line
scoutshonor's picture

You keep using that word...

Kirk2NCC1701's picture

"Inconceivable!" Where have we heard that before**?

https://www.youtube.com/watch?v=qhXjcZdk5QQ

** I once had my wife tell me that it would be "Inconceivable" for her to get pregnant while on the Pill. Guess what? Kirk 1, Pill 0.

PT's picture

Ha ha ha!  You keep believing that.  Correction:  Kirk 0, Wife 1.

;)

 

Thought Processor's picture

 

 

Is it me or does anyone else notice something strange about the closing number?

spastic_colon's picture

i thought the 1999 in 1999.63 was strange.......

as long as "they" keep averaging 1%+ every four days all should be good / s

HokumYTrader's picture

They are going to slow it up to .5%, wouldn't want anyone to get suspicious.

spastic_colon's picture

changing the software so theres no D20K scare

elephant's picture

The open and the high both had five figure 6s (sixes or nines).

HokumYTrader's picture

They are going to cry over at CNBS

Arnold's picture

Especially because the new "on air talent" contracts

are somuch better than the pitiful contracts they negotiated.

HokumYTrader's picture

The newbies have better tits, why do ya think Bartromo had to leave

J 457's picture

I'm still short and feeling the pain.

Bryan's picture

I've been short since Jun '09, lost almost 100K retirement money, but we will be vindicated some day!  lol

Twee Surgeon's picture

Sign up for an EBT card and Disability ?

PT's picture

Everyone knows this one - start off with a large fortune.

I could not view the link.  It wouldn't let me bring my adblocker with me.

elephant's picture

Don't feel so bad.  I lost almost twice as much as you and was short just slightly longer.

HokumYTrader's picture

Staying short for more than a day trade is a fools game. short spikes especially before noon, get out by noon and you will do better. There is too much fucking market rigging done over night. Most days there is an early shortable spike then a decline then back to the mean. Dont short on jobs or the Fed. Short actual spike not just when you think things are too high. Just because it hit a high number is no reason to short it can grind higher while you get ground into dust as I said above all they need is a BS narrative. 

 

I shorted the opening spike this morning and was out before the 10 am eco numbers. 

 

 

Remember 90% of maket particpants want things to go higher and over time they do. When you are short time is against you.

swampmanlives's picture

I've been short October 19, 1987. Someday the market will hit 0, but I suppose the catalyst for that would be a far greater concern that getting my money back.

SomethingSomethingDarkSide's picture

Load up on NUGT with any dry powder still left.  This rally is USD/JPY fueled and carry trades are a temporary boost, since they are in essence short term trades.  Unless Trump drops NIRP day 1, this market is on borrowed time.  Literally borrowing yen to buy another day of non-catastrophe!

logicalman's picture

Been short all my life...

On the bright side, I rarely bang my head!

Yen Cross's picture

  We need to teach you how to buy DEEP OTM call options.  ;-)

  At least you own the shares outright. Your payday is coming.

  <sarc>

 

Cursive's picture

Numerology.  Gotta love it.

Twee Surgeon's picture

So you remember the 666 'pull it' notification and a few others ? 9. the Biblical numeric signifying Completion.