Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
How to Capitalise on the Robots - 20th June 24
Bitcoin, Gold, and Copper Paint a Coherent Picture - 20th June 24
Why a Dow Stock Market Peak Will Boost Silver - 20th June 24
QI Group: Leading With Integrity and Impactful Initiatives - 20th June 24
Tesla Robo Taxis are Coming THIS YEAR! - 16th June 24
Will NVDA Crash the Market? - 16th June 24
Inflation Is Dead! Or Is It? - 16th June 24
Investors Are Forever Blowing Bubbles - 16th June 24
Stock Market Investor Sentiment - 8th June 24
S&P 494 Stocks Then & Now - 8th June 24
As Stocks Bears Begin To Hibernate, It's Now Time To Worry About A Bear Market - 8th June 24
Gold, Silver and Crypto | How Charts Look Before US Dollar Meltdown - 8th June 24
Gold & Silver Get Slammed on Positive Economic Reports - 8th June 24
Gold Summer Doldrums - 8th June 24
S&P USD Correction - 7th June 24
Israel's Smoke and Mirrors Fake War on Gaza - 7th June 24
US Banking Crisis 2024 That No One Is Paying Attention To - 7th June 24
The Fed Leads and the Market Follows? It's a Big Fat MYTH - 7th June 24
How Much Gold Is There In the World? - 7th June 24
Is There a Financial Crisis Bubbling Under the Surface? - 7th June 24
Bitcoin Trend Forecast, Crypto's Exit Strategy - 31st May 24
Zimbabwe Officials Already Looking to Inflate New Gold-Backed Currency - 31st May 24
India Silver Imports Have Already Topped 2023 Total - 31st May 24
Gold Has Done Its Job – Isn’t That Enough? - 31st May 24
Gold Stocks Catching Up - 31st May 24
Time to take the RED Pill - 28th May 24
US Economy Slowing Slipping into Recession, But Not There Yet - 28th May 24
Gold vs. Silver – Very Important Medium-term Signal - 28th May 24
Is Gold Price Heading to $2,275 - 2,280? - 28th May 24
Stocks Bull Market Smoking Gun - 25th May 24
Congress Moves against Totalitarian Central Bank Digital Currency Schemes - 25th May 24
Government Tinkering With Prices Is Like Hiding All of the Street Signs - 25th May 24
Gold Mid Tier Mining Stocks Fundamentals - 25th May 24
Why US Interest Rates are a Nothing Burger - 24th May 24
Big Banks Are Pressuring The Fed To Losen Protection For Depositors - 24th May 24
Another Bank Failure: How to Tell if Your Bank is At Risk - 24th May 24
AI Stocks Portfolio and Tesla - 23rd May 24
All That Glitters Isn't Gold: Silver Has Outperformed Gold During This Gold Bull Run - 23rd May 24
Gold and Silver Expose Stock Market’s Phony Gains - 23rd May 24
S&P 500 Cyclical Relative Performance: Stocks Nearing Fully Valued - 23rd May 24
Nvidia NVDA Stock Earnings Rumble After Hours - 22nd May 24
Stock Market Trend Forecasts for 2024 and 2025 - 21st May 24
Silver Price Forecast: Trumpeting the Jubilee | Sovereign Debt Defaults - 21st May 24
Bitcoin Bull Market Bubble MANIA Rug Pulls 2024! - 19th May 24
Important Economic And Geopolitical Questions And Their Answers! - 19th May 24
Pakistan UN Ambassador Grows Some Balls Accuses Israel of Being Like Nazi Germany - 19th May 24
Could We See $27,000 Gold? - 19th May 24
Gold Mining Stocks Fundamentals - 19th May 24
The Gold and Silver Ship Will Set Sail! - 19th May 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

DOW Breaths FIRE on Dow 20k, Stock Market New All Time Trading High 19,999.63

Stock-Markets / Stock Market 2017 Jan 07, 2017 - 05:21 PM GMT

By: Nadeem_Walayat

Stock-Markets

The Dow after a 2 week holiday break on Friday finally re-attempted to break above the stocks bull market mega-milestone of 20,000, by literally breathing fire on 20k for the whole of the trading session, trading to a high of 19,999.63 early in the session, retreating to close at 19,963. The Dow literally cannot get much closer than reaching 20k than 19,999.63 without actually touching it! A remarkable trading session taking the Dow within a cats whisker of achieving 20k.


Whilst those who say Dow 20k does not matter, you know the clueless morons that print garbage in the mainstream press who clearly have missed the WHOLE bull run run from Dow 6470 to Dow 20k! That is a 200% bull run from the bear market bottom. So yes, if your a moron (journalist) then 20k does not mean anything. But if you are one of the few who has actually ridden the bull from its outset, that's right since March 2009 (15 Mar 2009 - Stealth Bull Market Follows Stocks Bear Market Bottom at Dow 6,470) then it means a hell of a lot! As I elaborated in my recent video. It's literally a WAKE UP CALL! A time for hyperventilating, a time for going into maximum overdrive, and not a time for publishing lazy ass commentary that calls itself the mainstream press, or worse the BlogosFear that had been betting against the bull market right upto Dow 20k! My words are strong because this is what Dow 20k does to someone who has ridden the bull whilst hanging on with both hands for near 8 years!

The Trump stock market rally that no one saw coming, after all it was taken as granted by the consensus and the blogosfear that Trump election win would be disastrous for stocks. However, instead of crashing downwards the stock market literally crashed upwards, right upto virtually touching 20k before taking its holiday pause. This has had a devastating impact on the perma-wrong crowd, the perma-bears who were already punch drunk from having been wrong or near 8 years! And finally started to throw in towel and TURN BULLISH AT THE TOP!

Yes that's right many of those who have been consistently WRONG for the past 8 years have turned bullish!. However, no matter how tempted I am to do so, I do not see it as my job to ridicule fools, for the supply of fools is infinite so it will be just a waste of my time, instead I want to know what to do with my wealth going forward and so on an earlier day when the Dow virtually touched 20k I set out my views of what I expected to transpire during much of 2017 and what I intend on doing in advance of in my following video, which I posted ahead of my forthcoming in-depth analysis and detailed trend forecast that I aim to complete and post within the next couple of weeks -

Following which I focused on completing my key mega-trend analysis of the Trump Presidency that I intend on turning into a 14 part video series - The Trump Rest - War with China

With the 1st video being my immediate post US election take of why Trump won:

And part 2 "The Putin Doctrine" due for imminent completion.

However, you can read the 3 pieces of in-depth analysis that the series is based on right now, though the videos represent updated content at the time of upload, so do ensure you are subscribed to my youtube channel.

  • 04 Jan 2017 - CIA Planning Rogue President Donald Trump Assassination? Elites "Manchurian Candidate" Plan B
  • 28 Dec 2016 - The Trump Reset, US Empire's Coming Economic, Cyber and Military War With China (2/2)
  • 27 Dec 2016 - The Trump Reset - Regime Change, Russia the Over Hyped Fake News SuperPower (Part1)

  • However do also bare in mind the unfolding machine intelligence mega-trend - Top 5 Machine Intelligence Mega-Trend Stocks to Invest In

    Ensure you are subscribed to my always free newsletter and youtube channel for forthcoming analysis and detailed trend forecasts aimed at capitalising on Trumps Coming War on China amongst other mega-trend drivers and be very careful listening to the poop that passes for stock market commentary because I can clearly see a lot of investors are going to get very badly burned! VERY BADLY BURNED! This is definitely not the time for paying attention to the clueless mainstream financial press!

    Your mega-trends capitalising analyst

    By Nadeem Walayat

    http://www.marketoracle.co.uk

    Copyright © 2005-2016 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

    Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

    Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 Ebook5The Inflation Mega-trend Ebook

    Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

    Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

    Nadeem Walayat Archive

    © 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


    Comments

    mydan
    08 Jan 17, 01:54
    Trump elected

    Trump and those elected by him for his government are all establishment. The populist message is an electoral trick. He will finish his mandate without problems.

    Agree, there is a lot of poop 💩 or Financial Fake News, aka misinformation, in the media.

    My hypothesis:

    Looks like treasuries will be bottoming early this year with gold, and stocks will peak about the same time and go sideways. Oil and dollar will be bouncing sideways in a trading range, which will resolve to the upside for the dollar and downside for oil.

    I look forward to reading your articles


    Post Comment

    Only logged in users are allowed to post comments. Register/ Log in