Summing Up 2017 In Two Record-Breaking Charts


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.


S Spade Mr_Potatohead Mon, 11/06/2017 - 19:31 Permalink

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.

In reply to by Mr_Potatohead

Mr_Potatohead LawsofPhysics Mon, 11/06/2017 - 17:24 Permalink

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.

In reply to by LawsofPhysics

ThrowAwayYourTV Stu Elsample Mon, 11/06/2017 - 18:23 Permalink

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. 

In reply to by Stu Elsample

Atomizer Mon, 11/06/2017 - 17:32 Permalink

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 Mon, 11/06/2017 - 17:35 Permalink

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...

To Infinity An… Mon, 11/06/2017 - 18:16 Permalink

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 Mon, 11/06/2017 - 18:17 Permalink

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 ASAPInflation, 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.