Tracking the Dow Surge!

[MNeagle]

11103.31 +83.89 0.76%

Broke 11,100 just now.

[Neuro]

Me ole hate thread back to life! Get tears in me eyes!

[Dirty Harry]

Wow, had to go back to April 14 to find this thread........



Stock futures surge on central bank actions
Stock futures surge on global effort to ease European debt worries; Dow futures up nearly 400

Stephen Bernard, AP Business Writer, On Monday May 10, 2010, 7:12 am
NEW YORK (AP) -- Stock futures skyrocketed Monday after European leaders agreed to a nearly $1 trillion rescue plan to avoid a major debt crisis and the U.S. Federal Reserve said it would also provide loans overseas.

Dow Jones industrial average futures rose 382 points.

The 16 countries that use the euro and the International Monetary Fund have agreed to create a nearly $1 trillion rescue fund to support European nations burdened by heavy debt. Markets around the world plummeted last week as fears escalated that Greece's debt problems would spread throughout Europe and upend a global economic recovery.
http://finance.yahoo.com/news/Stock-futures-surge-on-apf-1703847560.html?x=0&sec=topStories&pos=1&asset=&ccode=

[Spectrism]

Last night the manipulating rabid dogs drove the stock futures up on teeny tiny volume. The Plunge Protection Team is at it again. The way I see it, you could have 100 million shares of stock traded and the market will move the pricing however the values play out. BUT in the after hours, it would only take a few transfers to pump the prices up.

Let's say I want The Junky Company stock to go up from its $2 value. In one account I am selling and in another I am buying. I can keep bidding the stock up one share at a time. I sell to myself one share at $3 and suddenly all 1 million shares are worth 50% more. Then I sell myself another at $6. Then I sell myself another at $10.

If there are many traders then it becomes more difficult to manipulate the market price, but I think the same principle holds. Just keep buying small quantities at higher prices and then sell them off when the hoards of buyers come in at the opening bell.

BAC- Bank of Amerika gapped up at 4am from $16.19 to $17.19. Hmmm... must be all the good news about Greece being saved. Errr... saved from what? Oh... does that mean that OTHER people will pay for the lifestyles of those who did not earn them?

AIG likewise at 4am exactly went from $38.63 to $41.50. Now here is a beautiful company. Didn't they just lose $53 per share in Feb and yet they had dividends on May7 of $2.16!!! Liabilities to the taxpayers and profits to the thieves.

The whole market is corrupt just like our government.


Here is a nice case- BP... British Petroleum. They FAILED in their valiant attempt to reduce the flow of crude oil from the well they negligently tapped. The actual pollution flow into the Gulf of Mexico is likely closer to 1 million gallons per day than 200,000 gallons per day. So what happens to their stock last night? It goes up 2%!!! Meanwhile, millions of people are losing businesses, real estate value, beaches, wildlife.... and worse to come.

The pitchforks and torches will be well-deserved when we storm Frankenstein's castle.

[Neuro]

The pitchforks and torches will be well-deserved when we storm Frankenstein's castle.

That would be the federal reserve bank compound in NY, no?

[Spectrism]

The pitchforks and torches will be well-deserved when we storm Frankenstein's castle.

That would be the federal reserve bank compound in NY, no?


Frankie has many castles. They all need storming.

[Spectrism]

Watching BP drop drastically makes me think that BO is still on a hedge fund group list. I wonder how many "energy funds" are still holding BP.

Once they drop it, its recoveries will cease.

[Ponce]

Same bull (crap) different day......... ::)

[MNeagle]

15 minutes into the day:


10828.22 +447.79 4.31%

[Spectrism]

15 minutes into the day:


10828.22 +447.79 4.31%


No manipulation of the market at all. It is just normal adjusting. Don't pay attention to the numbers or fundamentals. :sarc:


It looks like they picked up the numbers and put them back onto the tracks. Just amazing.

[MNeagle]

U.S. Stocks Jump Most in Year on Emergency Europe Loan Package


May 10 (Bloomberg) -- U.S. stocks rallied, with benchmark indexes poised for their biggest advance in more than a year, after European policy makers announced a loan package of almost $1 trillion to contain the sovereign-debt crisis.

The rest of the story: http://www.bloomberg.com/apps/news?pid=20601087&sid=as2BPWI8y8Ao&pos=2

[Book]

http://summerlinspecialist.files.wordpress.com/2008/02/jim_cramer_2.jpg
CRAMER FOR TREASURY SECRETARY!

Yippie!

:oo-->

[Ponce]

This tragedy is kind of funny.........we give money away and the market GOES UP.

[MNeagle]

Wow, took a while to find this thread in a search. Anyway:

10197.69 +223.24 +2.24%


Stocks, Commodities Rally on China Comments; Euro Strengthens
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0X1.8XjTQX4&pos=1

[Horn]

Stocks, Commodities Rally on China Comments; Euro Strengthens
http://www.bloomberg.com/apps/news?pid=20601087&sid=a0X1.8XjTQX4&pos=1



Stocks surged and the euro snapped a three-day decline against the dollar as China said it remains a long-term investor in Europe, damping concerns that the region’s debt crisis will worsen. Commodities jumped and Treasuries fell.

Could there be any more evidence of slave complacency? :oo-->

China will fill every hole on the planet with human submission, even gold's.

[MNeagle]

10126.58 +227.33 +2.30%

[Spectrism]

10126.58 +227.33 +2.30%


Very small volume. When it drops, there is nothing to suport it.

[Book]

Plunge Protection Team

"Plunge Protection Team" was originally the headline for an article in The Washington Post on February 23, 1997,[2] and has since become a colloquial term used by some mainstream publications to refer to the Working Group.[3][4] Initially, the term was used to express the opinion that the Working Group was being used to prop up the markets during downturns.[5][6] Financial writers for British newspapers The Observer and The Daily Telegraph, along with U.S. Congressman Ron Paul and writers Kevin Phillips (who claims “no personal firsthand knowledge� and is “not interested in becoming a conspiracy investigator�)[7] and John Crudele,[8] have charged the Working Group with going beyond their legal mandate. Claims about the Working Group, which are labeled conspiracy theories by some writers, generally include that it is an orchestrated mechanism that attempts to manipulate U.S. stock markets in the event of a market crash by using government funds to buy stocks, or other instruments such as stock index futures�acts which are forbidden by law. In August 2005, Sprott Asset Management released a report that argued that there is little doubt that the PPT intervened to protect the stock market.[9] However, these articles usually refer to the Working Group using moral suasion to attempt to convince banks to buy stock index futures.[10]

Former Federal Reserve Board member Robert Heller, in the Wall Street Journal, opined that "Instead of flooding the entire economy with liquidity, and thereby increasing the danger of inflation, the Fed could support the stock market directly by buying market averages in the futures market, thereby stabilizing the market as a whole." His statement has been used to claim that the Fed actually did act in that way. Mainstream analysts call those claims a conspiracy theory, explaining that such claims are simplistic and unworkable.[11][12]
[edit] Market Crisis of 2008

On 06 October 2008, the working group issued a statement indicating that it was taking multiple actions available to it in order to attempt to stabilize the financial system, although purchase of stock shares was not part of the statement.[13] The government may wind up owning shares in the firms to which it has provided loans, as they will receive warrants as collateral for these loans.

:D

[MNeagle]

Today's finish: 10172.53 +273.28 +2.76%

[Spectrism]

Better job numbers. Everyone has a job it seems... except those who don't want one. Such good news.

I am aghast that so many suckers believe this rubbish. Surely we will get hammered badly... very badly.

[MNeagle]

10385.34 +169.07 +1.65%

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634163403247347500

[Ares]

What is interesting is that the DOW is up so high, yet the Volume is 0

[MNeagle]

Bump. Current numbers in post #21.

[Gknowmx]

sucker's rally.

[Neuro]

sucker's rally.
Yes I think so too, a last blip above 10k b4 the long dark falllll.....

[Ponce]

They want as many investors "suckers" as they can get into the game........

[MNeagle]

http://www.finviz.com/image.ashx?dow&rev=634218721875157500

[MNeagle]

Stocks rally on Japan rate cut

http://i2.cdn.turner.com/money/2010/10/05/markets/markets_newyork/chart_ws_index_sp500.top.png

NEW YORK (CNNMoney.com) -- U.S. stocks rallied early Tuesday, with all three major indexes gaining 1%. Investors welcomed a surprise move by the Bank of Japan to cut its key lending rate, as well as improved data for the U.S. service sector.

The Dow Jones industrial average (INDU) jumped 104 points, or 1%; and the S&P 500 (SPX) added 14 points, or 1.2%. The tech-heavy Nasdaq (COMP) climbed 32 points, or 1.4%.

Early Tuesday, Japan's central bank announced a move to lower its key interest rate to between 0% and 0.1%. It previously stood at 0.1%. The bank also said it would purchase ¥5 trillion (about $60 billion) of government bonds and other assets, to boost the pace of the country's recovery.

The Bank of Japan downgraded its economic forecast, but investors took the monetary policy move as a hopeful sign for the world's third-largest economy.

Investors were also encouraged after the Institute of Supply Management's index, measuring U.S. service sector activity, rose more than economists had forecast.

U.S. stocks are coming off a sell-off Monday, and investors remain cautious ahead of corporate earnings season and key employment data due later in the week.

"The lynchpin economically is still unemployment," said Erick Maronak, senior portfolio manager at Victory Capital Management. "That's what gets people off the ledge. Some improvement there would be more than welcome by investors and non-investors alike."

Economists polled by Briefing.com expect the unemployment rate to have risen to 9.7% in September, up from 9.6% in August, when the government reports the figure Friday.

World markets: Japan's Nikkei rallied 1.5% after the Bank of Japan's decision, and the Hang Seng in Hong Kong ended the session up 0.1%. The Shanghai Composite was closed for the week-long Golden Week holiday.

European stocks rose in morning trading. The CAC 40 in France climbed 1.7%, and Britain's FTSE 100 and Germany's DAX both advanced 0.9%.

European investors welcomed better-than-expected data on the euro-zone services sector, but gains were limited by fears about Ireland's debt crisis. Moody's said Tuesday that it was considering a possible downgrade for the country.

Economy: The Institute for Supply Management's index -- measuring the nation's non-manufacturing business activity -- rose to 53.2 in September, from 51.5 the previous month. Economists were expecting the gauge to inch up to 51.8. Any number above 50 indicates growth in the sector.

Currencies and commodities: The dollar fell against major currencies, including the euro, the British pound and the Japanese yen.

Gold futures for December continued to run in record territory. Prices were up $16.20 to $1,330 an ounce, after reaching a fresh intraday record trading high of $1,333.80 an ounce earlier Tuesday.

The price of crude oil for November delivery rose 90 cents to $82.37 per barrel.

Bonds: Prices for U.S. Treasurys rose, pushing the yield on the 10-year note down to 2.47% from 2.48% late Friday. Bond prices and yields move in opposite directions.

link (http://money.cnn.com/2010/10/05/markets/markets_newyork/index.htm?section=money_markets&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+rss%2Fmoney_markets+%28Market s%29)

[MNeagle]

Inching to 11K now! Up 10962.31 +211.04 1.96%

[Horn]

What better time for the dollar to drop thru the floor right before I get my ice skates on.

[MNeagle]

Not that today's a big action, but I think since the October numbers, & the Dow is up over 500 points on year-end, is HUGE.

http://www.finviz.com/image.ashx?dow&rev=634285445971546150

11533.16 +55.03 +0.48%


How can this continue???

[DMac]

Not that today's a big action, but I think since the October numbers, & the Dow is up over 500 points on year-end, is HUGE.

http://www.finviz.com/image.ashx?dow&rev=634285445971546150

11533.16 +55.03 +0.48%


How can this continue???





You posted a thread a short while ago MNeagle, on the $1T FED holdings. How far can this go?

Lemme know when the thread Fed holdings break $2T is up.

:)

(In other words, the FED is pumping up the market in every/any way it can. In the eyes of the masses the stock market is the economy.)

[MNeagle]

I know. But we've been asking "How can this continue" for years now!!

The crash & burn scenario from GIM days.

And yet,

the beat goes on! the beat goes on.

Greater minds than mine are here, that's why I ask & post, read & listen, trying to discern....

[DMac]

I am constantly reminded, MNeagle, when asking questions to myself like the one you posed above, that "Markets can remain irrational a lot longer than you and I can remain solvent."

[MNeagle]

I am constantly reminded, MNeagle, when asking questions to myself like the one you posed above, that "Markets can remain irrational a lot longer than you and I can remain solvent."


Indeed they do. Indeed.

Shall be interesting to see how the year plays out.

[MNeagle]

Just a little bump as the DJIA inches closer to 12K. Who would've thunk it possible??

http://www.finviz.com/image.ashx?dow&rev=634314700894218750

[Ares]

Just a little bump as the DJIA inches closer to 12K. Who would've thunk it possible??

http://www.finviz.com/image.ashx?dow&rev=634314700894218750


Well us every day normal people wouldn't invest in this scam because the fundamentals are atrocious. But for those betting on and having the blessing as well as the backing of the Federal Reserve and U.S.gov this is a great time to make some "money".

[MNeagle]

Correction: Making some FRNs, not money!

[Ares]

Correction: Making some FRNs, not money!


Hey I put "money" in quotes :P LOL

If they think it's money, more power to em. Reality will soon prove otherwise when the FED / government implodes.

[MNeagle]

Just jazzin' you. Besides, some places will trade that money for PMs!!

Or so I hear.

[Ares]

Just jazzin' you. Besides, some places will trade that money for PMs!!

Or so I hear.


Yeah I know, same here. lol

Just gets frustrating seeing the foundation of the market crumble because of corruption and a flawed monetary system, yet the market keeps on building on that shitty foundation. Just like a house gravity is a bitch and all will come tumbling down.

Too many fools can't or don't want to see it.

[JJ.G0ldD0t]

Yes I did:

3:46PM EDT: 11,073.76 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 263.91 (2.44%)

are you kidding me???

3:57PM EDT: 11,168.55 http://l.yimg.com/a/i/us/fi/03rd/up_g.gif 358.70 (3.32%)




lol

[Spectrism]

I have to wonder if Barakuda Odumma got into a meeting with the PPT today and said: "Jamm tha MoFo!"

His MO has been to avoid the appearance of the great depression. Stock markets that crash would clue people in that we are in it... the greatest depression. Fake the employment numbers. Fake the money. Fake the stock market.

[JohnQPublic]

We need to change the title to: Tracking the Dow Surge, Both Directions!

[JJ.G0ldD0t]

How bout merge 'em -

Call it "Fake Markets - Fake Money - Organized Deception - Organized Crime"

or sumthin' like that.... :D

[Ponce]

The US is in their last huraaaaaaa and they know it........they will lie in anyway that they can in order to keep their head above the water for as long as possible........

First post of the day........good afternoon to one and all.

Just got back from the Dr........hand hurting now that he is working on it.........collected my $83.68 for going past GO hahahahahahahaah.

[Shami-Amourae]

http://www.youtube.com/watch?v=1WurbrIc6mw

[Spectrism]

This guy makes a good point. If the market goes down, money EVAPORATES. They cannot have that. It seems that there is more to the stock market pumping than just appearances. They also keep the money supply high by pumping these fake numbers. The stocks are fake paper just like FRNs. It is another kind of "money". If a stock is devalued, it is like burning FRNs.

This indicates their FEAR of deflation.

[Twisted Titan]

They just not finished taking all your true wealth yet



They have a few more Thermite charges to set underneath the eddifice of digial dollars before they " pull it "

[MNeagle]

12K +

http://finviz.com/image.ashx?dow&rev=634553115121406250

All hail, the Euro is saved!

[mick silver]

the only thing i look at anymore is the price of silver and gold ... go baby go . but it funny at the run we are seeing in the stock market there nothing thats got better , there more jobs going away more homes are being forclosed on something just not adding up

[Spectrism]

Sign of the times. Fake money. Fake markets. Fake freedom.

During all this manipulation of fake stuff, real value is being stolen.

[MNeagle]

http://finviz.com/image.ashx?dow&rev=634582622589531250

The 12K Dow is back! +490 (4.24%)

and meanwhile gold:

http://www.kitco.com/images/live/t24_au_en_usoz_home.gif?random=0.63861083984375

[Spectrism]

All I can say is: Those bastards!

[Ponce]

Monopoly and the US economy.......they are both played with phony money........and in both cases once the game is over you put the board away and go to bed.

[MNeagle]

Dow soars to 4-year high

<LI class="ie fbrec win"><LI class=twitter><LI class=linkedin> 2 (http://www.linkedin.com/shareArticle?mini=true&source=CNNMoney&url=http%3A%2F%2Fmoney.cnn.com%2F2012%2F05%2F01%2F markets%2Fstocks%2F%3Fsource%3Dlinkedin&title=Dow%20soars%20to%204-year%20high)<LI class="ie email">Email (javascript:void(0)) Print (javascript:void(0))
http://i2.cdn.turner.com/money/2012/05/01/markets/stocks/chart_ws_index_dow_201251141050.top.png (http://money.cnn.com/data/us_markets/?iid=EL) Click the chart for more stock market data.




NEW YORK (CNNMoney) -- U.S. stocks rallied Tuesday as investors welcomed a rise in U.S. manufacturing activity and digested a mixed batch of corporate earnings

The Dow Jones industrial average (INDU (http://money.cnn.com/data/markets/dow/?source=story_quote_link)) rose 108 points, or 0.8%.Earlier in the day,the gains pushed the blue-chip index to a multi-year high of 13,338.66, the highest since December 2007.

The S&P 500 (SPX (http://money.cnn.com/data/markets/sandp/?source=story_quote_link)) added 14 points, or 1%, and is just a handful of points shy of a 2012 high. The tech-heavy Nasdaq (COMP (http://money.cnn.com/data/markets/nasdaq/?source=story_quote_link)) increased 23 points, or 0.7%.
The rally was broad, with more than 80% of the Dow's 30 components in positive territory.

Countering signs that the recovery in the U.S. economy may be slowing, investors were encouraged by a report that showed manufacturing activity (http://money.cnn.com/2012/05/01/news/economy/ism_manufacturing/index.htm?iid=EL) grew last month at the fastest pace since June 2011.

"This comes as a big surprise, because activity in the New York, Philadelphia and Chicago regions slowed materially last month," said Katy Lien, director of research and analysis at Global Forex Trading. "The details of the report showed strength in new orders, production, new export orders, employment, supplier deliveries and customer inventories."

ISM manufacturing revs up in April (http://money.cnn.com/2012/05/01/news/economy/ism_manufacturing/index.htm?iid=HP_LN)

Meanwhile, manufacturing in China (http://money.cnn.com/2012/05/01/news/economy/china-manufacturing/index.htm?iid=EL) continued to recover for the fifth straight month, helping allay concerns about the economy slowing too quickly.
Fears about a so-called hard landing in China (http://money.cnn.com/2012/03/29/markets/thebuzz/index.htm?iid=EL), a standstill in the U.S. recovery and a flare-up in Europe's debt crisis have been weighing on investors, and were the main reasons for the stock market's loss of momentum in April.

U.S. stocks (http://money.cnn.com/2012/04/30/markets/stocks/index.htm?iid=EL) finished in the red on Monday, posting their worst monthly returns of the year in April.

Economy: (http://money.cnn.com/news/economy/index.html?iid=EL) Construction spending rose only 0.1% in March. While that's an improvement from the 1.4% decline in February, the reading was below analyst estimates for a 0.5% increase.

April U.S. auto sales (http://money.cnn.com/2012/05/01/autos/car-sales/index.htm?iid=EL) are forecast to reach a seasonally adjusted annual sales pace of about 14.3 million vehicles. That would be a rise from the year-ago rate of 13.4 million, but down from March sales' pace of 14.7 million.

Sales at General Motors (GM (http://money.cnn.com/quote/quote.html?symb=GM&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/175.html?source=story_f500_link)) fell 8% in April, while Ford Motor (F (http://money.cnn.com/quote/quote.html?symb=F&source=story_quote_link), Fortune 500 (http://money.cnn.com/magazines/fortune/fortune500/2011/snapshots/160.html?source=story_f500_link)) sales slipped 5% in the same period. Meanwhile, sales at Chrysler spiked 20%, making it the best April since 2008 for the automaker, which is owned by Fiat.

Companies (http://money.cnn.com/news/companies/?iid=EL): Shares of Shutterfly (SFLY (http://money.cnn.com/quote/quote.html?symb=SFLY&source=story_quote_link)) rose after the online photo-sharing company beat first-quarter results and boosted its outlook for the second quarter and the remainder of the year.



http://money.cnn.com/2012/05/01/markets/stocks/index.htm?hpt=hp_t2


...

[Spectrism]

We are watching the destruction of our currency and it is translating into higher prices for everything.

Fires from the sky in June will fix this.

[Cebu_4_2]

Yep no inflation... crappy hotdogs at the stupid store 4.49 a pound! Just last year they were 2.99 lb, tons of crap out of control at the grocery.

[Sparky]

New highs set on low volume, with prices retreating all afternoon. Technical analysis says the market will now pull back considerably. Let's see what happens the rest of the week.

[gunDriller]

Yep no inflation... crappy hotdogs at the stupid store 4.49 a pound! Just last year they were 2.99 lb, tons of crap out of control at the grocery.

exactly !

Dow 13,000 2007 AIN'T THE SAME as Dow 13,000 2012.


side note - if Gold Ore (GORO) gives out precious metals in lieu of dividends - maybe Oscar Mayer will give shareholders some Pink Slime ?

[BrewTech]

We are watching the destruction of our currency and it is translating into higher prices for everything.

Fires from the sky in June will fix this.

There can't be any fires from the sky in June. I enrolled in a week-long short course in June in NorCal to help me get going in my new career, and it wasn't cheap.

Can we make it July?

[Spectrism]

There can't be any fires from the sky in June. I enrolled in a week-long short course in June in NorCal to help me get going in my new career, and it wasn't cheap.

Can we make it July?


Just because of you we get both! Fires in June & July!


http://i595.photobucket.com/albums/tt37/Chief_Plasma/Funny/YouGetNothing.jpg

[MNeagle]

Time to update this hopeyium thread:

http://finviz.com/image.ashx?dow&rev=634831385895115000

[Neuro]

Time to update this hopeyium thread:

http://finviz.com/image.ashx?dow&rev=634831385895115000
We are just a few percent away from 2007 all time high. Who would have thunk!

[MNeagle]

Time to update this hopeyium thread:

http://finviz.com/image.ashx?dow&rev=634831385895115000

Now we can all pop the champagne whilst we watch the Superbowl this weekend & chillax!! woot!

[MNeagle]

Dow hits 14,000 for 1st time since October 2007
Jobs report pushes stock higher, with Dow crossing 14,000 milestone



NEW YORK (AP) -- The Dow stock market index flirted with the 14,000 line Friday, dashing above it several times throughout the morning and bringing reminders of the last time it hit that mark — almost a different era, before the financial crisis rocked the world economy.

After rising steadily in early trading, the Dow Jones industrial average briefly crossed 14,000 shortly after 10 a.m. EST. It lasted only a moment. Then, after 11 a.m., it started flitting above that key mark again before falling back to around 13,990. The other major stock indexes were also up, pushed higher by the U.S. jobs report and auto sales.

Crossing 14,000 is a rarefied event: The Dow has done so only 15 times in its history, and the last time was more than five years ago, on Oct. 17, 2007.

If the gains hold throughout the day and the Dow closes above 14,000, that would put it in territory even more uncommon. On just nine days has the Dow managed to stay above the 14,000 mark until the end of trading. Friday's gains also mean that the Dow is within striking distance of its all-time record of 14,164.53, which it reached on Oct. 9, 2007.

For the average investor, that was all back when the stock market still seemed like a party. Housing prices were starting to ebb but hadn't cratered. Jobs were abundant, with unemployment at 4.7 percent — compared to 7.9 percent now. Lehman Brothers still existed. So did Bear Stearns, Wachovia and Washington Mutual.

To be sure, the Dow is only one indicator of the economy. And while crossing 14,000 would be an important psychological milestone, it wouldn't be much else.

The Dow is an index of 30 big companies, and its purpose is to represent how the broader stock market is faring. But the stock market is more a representation of how traders are feeling about the economy than the economy's underlying fundamentals. And many investors don't even think the Dow is the best way to track the market: They prefer the much bigger Standard & Poor's benchmark index, which follows 500 companies.

Joe Gordon, managing partner at Gordon Asset Management in North Carolina, wasn't celebrating. He doesn't expect the gains to hold. The fact that small investors are finally getting back in the stock market, he said, makes him think that stocks are due for a downturn. After the Dow hit its all-time record in 2007, it fell almost steadily and had lost nearly 40 percent of its value a year later.

"It is good trivia to talk about on television and the radio," Gordon said, referring to the 14,000 mark. "It's meaningless to the average professional." And for workers still unemployed by the financial crisis, he said, "it really means nothing to them."

Late morning, the Dow was up 134 points to 13,995. The Standard & Poor's 500 rose 14 to 1,512. The Nasdaq composite index was up 31 to 3,173.

Auto sales helped. Toyota, Ford, GM and Chrysler all reported double-digit gains for January.

The government jobs report that pushed stocks forward was mixed, but traders chose to focus on the positive. The U.S. said it added 157,000 jobs in January, which was in line with expectations. Unemployment inched up to 7.9 percent from 7.8 percent in December. But, encouragingly, the government also reported that hiring over the past two years has been higher than it originally thought.

The jobs number is based on a survey of employers, and the unemployment rate is based on a separate survey of households, which is why they can diverge.

In Europe, tentative and incremental signs of a recovery were enough to push up stocks in France, Britain and Germany. December unemployment in the European Union was lower than analysts had feared, inflation unexpectedly fell, and a survey raised hopes of some growth in the manufacturing sector.

But there were also reminders that the debt problem is far from solved. The Netherlands was also forced to take over one of its major banks, to try to stave off a collapse. In Greece, dock workers extended a strike over the government's spending cuts.

Among companies making big moves:

— Drugmaker Merck fell 3 percent, down $1.28 to $41.97. Its fourth-quarter profit suffered because of competition from generic medicines against its blockbuster allergy drug Singulair.

— Insurance company MetLife rose 2 percent, or 75 cents, to $38.09, after saying it plans to buy the largest private pension fund administrator in Chile.

— Zoetis, an animal health business that Pfizer just spun off, made its debut on the stock market. It was up 18 percent, rising $4.75 to $30.75.


http://finance.yahoo.com/news/dow-hits-14-000-1st-165029128.html?l=1

[MNeagle]

winning!



Dow closes above 14,000 for 1st time since October 2007; all 3 major indexes post gains for 5th straight week - @CNNMoney (http://twitter.com/CNNMoney)

[Neuro]

winning!
Astonishing! My feeling is that we go down from around here...

[mick silver]

Stocks Over 14,000 – Too Good to Be True?
By Anthony Wile
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Anthony Wile

The Dow Jones industrial average has crossed 14,000 and the US mainstream media (http://www.thedailybell.com/floatWindow.cfm?id=1861) is celebrating. Presumably the powers-that-be expect that short memories shall convince US consumers that the nation is back on track.
It's part of a larger dominant social theme (http://www.thedailybell.com/floatWindow.cfm?id=652), I guess, that hard times are gradually yielding to normalcy and that the current sociopolitical and economic system is not only resilient but also sound.
This is a pretty big disconnect, in my humble point of view, given what's REALLY going on in the world. The upper half of Africa is aflame from supposed Al Qaeda (http://www.thedailybell.com/floatWindow.cfm?id=855) incursions and Western counter-attacks, Spanish and Greek youth unemployment is over 50 percent, China and Japan are both struggling to keep their economies afloat and in the Americas, price inflation and drug wars are unraveling the fabric of various recoveries, including most significantly Brazil and Mexico.
But let's ignore all that.
We're supposed to focus on the good stuff. The nation – and the world – has been through a lot but now skies are turning bluer and people shouldn't lose faith. Twentieth century memes (http://www.thedailybell.com/floatWindow.cfm?id=654) do indeed transpose themselves to the 21st century; if everyone is lucky and believes hard enough, "America's Century" can repeat itself in the 21st.
Are you "buying this"?
It seems this is the best that the powers-that-be can do to get their promotional narrative back on track. The elites that want to run the world (formally as opposed to informally) need a maximum amount of controlled chaos to move the world toward global government. No crisis, no movement.
But as we've often pointed out, the infliction of controlled chaos is a delicate thing. Push too hard and society itself will begin to unravel. Too little and the desired effect doesn't take hold – people are not malleable enough and continue to push back against the supposedly inevitable global tide.
And so chaos is inflicted. Economic ruin, war, regulatory authoritarianism (http://www.thedailybell.com/floatWindow.cfm?id=2606). All part of the playbook, perhaps – and all of it rolled out predictably. But too much threatens significant pushback. Opposition can take root. Like I say, it's a balancing act.
And thus, after an economic crisis that has wracked the West for some five years, those controlling the process (to the degree it can be controlled) are likely looking to re-emphasize optimism and assure people that the world they used to recognize hasn't entirely disappeared.
Familiar signs are presumably supposed to provide comfort. Barack Obama (http://www.thedailybell.com/floatWindow.cfm?id=2384) is president again, a gun control debate is in the headlines, the war on terror (http://www.thedailybell.com/floatWindow.cfm?id=1877) is challenging the US overseas but the troops are coming home from Afghanistan and the system, while shaken, remains strong.
The economy is perhaps the biggest tool to turn. Get people feeling a bit more cheerful about their pocketbooks and the rest of the world doesn't look so gloomy.
USA Today provides us with an article entitled "Dow above 14,000: Market peak or new leg up?" It attempts to capture a tone of cautious optimism, explaining that "When it comes to big, round numbers with major investment significance, 14,000 is as big as it gets for the Dow Jones industrial average."
The paper tells us that "Dow 14,000 is back in play and in the headlines after the iconic 117-year-old blue chip index topped that lofty milestone Friday for the first time since October 2007."
In fact, the rally drove the Dow up 149.21 points to close at 14,009.79. We learn, "The benchmark index is not far from its Oct. 9, 2007, all-time high of 14,164.53 and the move is prompting talk of a new peak, and even Dow 15,000."
Here's more:
"Rarified territory is a good way to describe it," says Jamie Farmer, managing director at S&P Dow Jones Indices ...
But records are meant to be broken, and there are reasons why the Dow has been rising and a case to be made that the rally has room to run, and a new record high is within reach.
The Dow's move up, Farmer says, has been driven by a growing belief that headwinds, such as the subpar economy, the November elections, fiscal issues and Europe's debt woes, are diminishing. In short, it says things are getting better.
"What's driving the market narrative right now is a burgeoning sense of recovery and confidence," says Farmer. "The Dow is emitting a signal that sentiment is on the rise."
To be fair, the USA Today article also features Frank Fantozzi, president and CEO of Planned Financial Services, an independent wealth management firm, who is a good deal more cautious. Fantozzi "expects virtually zero economic growth in the first three months of 2013 as the nation adjusts to higher taxes and less government spending."
The article quotes Fantozzi as saying that it is perfectly possible that due to higher taxes and higher federal spending the US will see zero GDP growth in the January through March quarter. If so, he explains, "there is no way the Dow will be still at 14,000," says Fantozzi. He says he wouldn't be surprised if the Dow suffered a 3% to 5% price correction.
Fantozzi is not as encouraged as most about reports that individual investors put $16.1 billion into U.S.-stock mutual funds in the three weeks ended Jan. 23. He believes this is money from investors "who fled the market late in 2012 amid "fiscal cliff"-related fears returning to stocks."
The money does not confirm a bull-driven theory of new money coming in. "It's people buying back in after getting out last quarter," the Times reports him as saying, since over $9 billion left domestic stock mutual funds in the week ended Jan. 2.
The New York Times evidently wants to encourage investors to consider increased stock exposure. It's featuring an article entitled, "Conceived by Students, a Portfolio That Pays."
The article reports that some Duke University undergraduates have won a prize from Black Rock Securities for creating a portfolio that provides a higher rate of return without sacrificing "safety."
Business and economics programs at American colleges and universities have long sponsored stock- and other asset-picking contests for their students. But last semester, faced with the current ultralow interest rate environment, Duke's undergraduate economics department ran a competition in asset allocation for the first time. Students had to decide what percentage of assets to put in fixed-income investments and what percentage to invest in other categories. The asset management firm BlackRock was a co-sponsor of the contest, which was open to any Duke sophomore or junior.
"Where is someone supposed to get yield these days?" said Emma B. Rasiel, an associate professor of economics. "That's what got us thinking."
It's a pressing question for nearly every investor, and has left even professional financial advisers scratching their heads. The United States is now in the fifth year of a low interest rate environment. Ten-year Treasuries, the benchmark United States interest rate, yielded 5 percent in July 2007, just before the recession began. This week, the rate was below 2 percent, and last July, 10-year rates were the lowest ever recorded. This week, the one-month Treasury bill, the lowest-risk bond investment because of its short duration, was yielding practically nothing: 0.04 percent ...
After explaining the above, the article asks the question, "Given this, should investors abandon the tried-and-true 60/40 approach and move more aggressively into stocks?"
This is the real question, after all. The public is to be driven back into equity markets if at all possible. Just as democracies (http://www.thedailybell.com/floatWindow.cfm?id=1862) demand that people vote – even to the point of making it involuntary – so the elites want to see monetary participation in the current system.
The difficulties of the past five years have driven investors out of financial markets and that's not a good trend. The top elites are always seeking a "buy in" no matter the economic situation. In this case, we're supposed to forget, I suppose, that central banks (http://www.thedailybell.com/floatWindow.cfm?id=2958) have been printing trillions and trillions of dollars.
The US Federal Reserve (http://www.thedailybell.com/floatWindow.cfm?id=1855) alone has injected some US$30 TRILLION into the economy (counting so-called short-term loans) and is slated to inject trillions more based on estimates of the CURRENT easing program. These are phenomenal numbers.
No wonder the stock market has "recovered" from a low of near 6,000 and is now suddenly over 14,000. Not only is this a buying opportunity, according to the New York Times, old and "conservative" portfolio mixtures may be out of date suddenly.
"The traditional 60/40 approach to building a portfolio is on the way out," said Michael Fredericks, head of retail asset allocation for BlackRock and lead portfolio manager for the BlackRock Multi-Asset Income Fund. It is being replaced, he said, by "tactical" asset allocation, a strategy in which investors change their allocation based on the current pricing of asset classes.
If bonds are overpriced, as many now believe, and stocks are underpriced, at least relative to other assets, then the allocation should shift toward stocks. "We're not telling clients to sell all their bonds," Mr. Fredericks said. "They do balance out the riskier assets in a portfolio. But most investors need to consider putting more in stocks."
Here at The Daily Bell we write a good deal about directed history (http://www.thedailybell.com/floatWindow.cfm?id=28330) and how by controlling huge capital flows, the power elite (http://www.thedailybell.com/floatWindow.cfm?id=610) basically attempts to create scenarios that it can then justify via control of mainstream media.
This would seem a clear example of this sort of paradigm. Both stock and bond markets are in virtual bubbles according to many savvy observers – and yet with the Dow crossing 14,000, investors are being urged to buy!
Will it work this time? Will investors return to the market in droves? Or is this latest stock promotion going to fail?
Are we seeing the first leg of a tremendous new bull market or merely a long suckers' rally that's now coming to an end? They say that the average investor is always the last to return to a bull market and therefore the first to experience the damages of a bear market.
I would be wary about adjusting my portfolio to emphasize more stock exposure. In this era of the Internet Reformation (http://www.thedailybell.com/floatWindow.cfm?id=2195) we have a good deal more information than we used to.
We know, for instance, that the US public deficit is currently running at some US$16 trillion and that the US fedgov has to borrow to pay interest on it. But what happens if the "recovery" takes hold and price inflation becomes an issue? Then the Fed would have to raise interest rates and fedgov payments on the debt would soar. What would US officials do then? More to the point, what do YOU do?
I'm skeptical of this latest stock promotion. Maybe you ought to be, too.

[MNeagle]

Bit of news for today
]Dow rises above all-time closing high of 15,409.39; S&P 500 crosses above record close of 1,669.16:
[/SIZE][/SIZE]
http://finviz.com/image.ashx?dow&rev=634831385895115000

[Neuro]

Interesting thing about the chart today, is that relative volume is just 60% of what it normaly is. Thus the rise has no substance, but perhaps these old truths has no bearing when most of trading is from frequency trading algorithm machines?