Summing Up 2017 In Two Record-Breaking Charts

Tyler Durden's picture

Via LPLResearch.com,

What can we say about 2017 that hasn’t been said already, as it continues to smash records?

Per Ryan Detrick, Senior Market Strategist, “2017 will likely be remembered for two things: a persistent bullish trend and historically low volatility.”

In fact, here are two more records that prove that point.

The Nasdaq has never made more all-time highs than the 63 it has made (so far) this calendar year, topping the previous record of 62 set in 1980.

We’re also in the midst of another record streak showing just how rare big sell-offs have been recently.

Incredibly, the S&P 500 Index has gone 43 consecutive days without closing down 0.5% or more; it’s been more than 20 years since the index last experienced such low downside volatility.

There are still nearly two full months left of 2017, so a lot can happen - but what we’ve seen so far is truly one of the most serene and strongest markets ever.

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GUS100CORRINA's picture

CORRUPTION and GREED running WILD using FRESHLY MINTED FIAT "MONOPOLY" MONEY.

In summary: UNBELIEVABLE and GOD is NOT PLEASED because it is dishonest and an abmonination of epic proportions. What is going on now makes tax collectors like Zacchaeus and Matthew look like boy scouts.

Uchtdorf's picture

I thought there would be a Bitcoin chart in this article based on the headline.

YUNOSELL's picture

It's hard to imagine breaking all the pump and dump records of the dot.com bubble of 1999/2000, but then again after this last crazy decade of QE and record low interest rates, maybe not so difficult to imagine

S Spade's picture

no worries, the markets are FIXED, most of the volume is simply current owners, institutions/funds, creating their own market by passing a few shares back and forth to bump prices.  They're in this together, soon as their cartel breaks up and they stop covering sales the market goes into free fall until it reaches the real intersection of supply and demand.

E.F. Mutton's picture

"...one of the most serene and strongest markets ever"

People driving on Xanax are pretty fucking serene too.  Right before they plow into a bus.

Automatic Choke's picture

"driving on acid is easy,

driving on acid's a breeze.

just keep the car on the highway,

and don't laugh and don't fart and don't sneeze."

Loudon Wainwright III,   "The Acid Song"

LawsofPhysics's picture

The "market" is never going down, period. Think about what the market is priced in.

As the denominator goes to zero...

"Full Faith and Credit"


chubbyjjfong's picture

I think you are right LOP, this thing will hyperinflate before anything else. The whole system is fucking fucked. I'm selling my Phyz and beans and putting it all into Crypto Alts. Where's my Snoop Lion MP4's.

LawsofPhysics's picture

If you have tradable skills, a dependable tribe, and control of some productive capital, you will be fine. 

Personally, I am looking forward to all those useless paper-pushers sharecropping for me.

Mr_Potatohead's picture

The folks calling the shots need a crisis to provide cover for merging private pensions, 401K's and 403B's with bankrupt pensions from the gov't sector and lack of pensions/savings for about half of the population.  The masses will never go along with this as long as the market is going up, but it's easy to see how this might occur if enough fear is generated by a substantial market meltdown.  It's crazy to short this market, but a scary crash might be just what the guys in charge need in order to take their next steps.

Southern_Patriot's picture

Is it just me? I smell a Federal Reserve deep state setup. Get MAGA folks all excited about the market then crash it and blame Trump.

alexcojones's picture

Those charts look like Icebergs - when viewed from the deck of the Titanic

Late onset ADHD's picture

so whatsa' P/E ratio again?... oops,  never mind...

pardon my buzz-kill...

Stu Elsample's picture

HUUUUGE correction coming. Ammo will hold its value...will Shitcoin???

Snout the First's picture

A box of 100 rounds of .22 is going for $6.92 at Walmart. We live out in the sticks with no shortage of critters. That box guarantees that we get to eat for 100 days.

ThrowAwayYourTV's picture

I wonder the same. Bitcoin is nothing but air. Theres nothing there. How can it possibly be used for trade? It's like, heres a balloon full of air now give me that can of gas. WTF?

Stu Elsample's picture

Yep...they're paying $7K per share of nothing. Wow. PM prices aren't going anywhere, but at least us gold/silver 'stackers' are holding the goods.

When the bankers and their gubment puppets ban the posession of PMs, and Bitcoin, ammo will become the new currency. Stack it deep.

ThrowAwayYourTV's picture

Thought about trading some silver for gold but I think locals will be able to deal with silver better. It will be hard getting change for that cord of fire wood you just bought with a $5000 gold round. Granted a couple hundred pounds of silver rounds is a lot to deal with but it stacks nicely in PVC pipe and you can spread it out all over the county. You know? Like a squirrel hides its nuts.

 

Not My Real Name's picture

Use junk silver for everyday small scale barter. You can buy it in quarter and/or dime rolls from APMEX and open them up to use for commerce transactions after the current dollar system implodes.

ThrowAwayYourTV's picture

TY! I will look into it but whats the value expected out of these. Are you talking old silver coins?

ThrowAwayYourTV's picture

Yeah I looked at that. But its only worth face value and probably wont be worth anymore than that to the local butcher. From what I read you get $90 worth of coins for $100 plus shipping.

Atomizer's picture

Well, well, well. No one understands how quantum math physics works. But a bot robot will make them money. But when the AI bot can't revert from two layers to relearn to pass through two hidden layers to execute it gets fucked. We already have 4 deep in encryption software to stop learning and execution mode 

Fucking idiots in Silicon Valley. Start from the top, work your way down to software code writers.

MuffDiver69's picture

Simple enough..Under Obama the market could bleed off after every anti business regulation or edict..Sure..Tons Of fluff in the market and it will correct, but it’s not going to do it because the doom and gloom ZH crowd wants it to...

ThrowAwayYourTV's picture

Use to be the markets powered the economy. Now its just "The Markets powering The Markets."

To Infinity And Beyond's picture

All that is happening is the Central Bank of the world are buying up all bonds and equities. 

Since 2008 M3 (Amount of USD) has quadrupled. Where do you suppose that money went? The US central bank is not alone.
Funny, soon the bankers will in fact own everything and yet people are jumping up and down with every new high.

There is no benefit to Main St.
We will continue to see further and further degradation in society until this malfeasance is stopped.

Unfortunately those that benefit have no intention of cutting themselves off.

We have a long way to go before it bottoms.

Buckle up.

Sudden Debt's picture

There's so many people who actually believe that this market will stay affloat for 5 to 7 more years...

 

I don't crash that fast but it's the inflation boom that will render them worthless.

People should get the fuck out of dodge with their money into hard assets or other currency hideouts ASAP

Inflation, taxation and confiscation. That't the future.

And for a socialist, anybody who has a job or some savings is "rich". So if you hear them talking about the "rich", they're talking about you and not those who you call rich.