Best of the Week
Most Popular
1. Gold Final Warning: Here Are the Stunning Implications of Plunging Gold Price - P_Radomski_CFA
2.Fed Balance Sheet QE4EVER - Stock Market Trend Forecast Analysis - Nadeem_Walayat
3.UK House Prices, Immigration, and Population Growth Mega Trend Forecast - Part1 - Nadeem_Walayat
4.Gold and Silver Precious Metals Pot Pourri - Rambus_Chartology
5.The Exponential Stocks Bull Market - Nadeem_Walayat
6.Yield Curve Inversion and the Stock Market 2019 - Nadeem_Walayat
7.America's 30 Blocks of Holes - James_Quinn
8.US Presidential Cycle and Stock Market Trend 2019 - Nadeem_Walayat
9.Dear Stocks Bull Market: Happy 10 Year Anniversary! - Troy_Bombardia
10.Britain's Demographic Time Bomb Has Gone Off! - Nadeem_Walayat
Last 7 days
Stock Market Pause Should Extend - 21st April 19
Why Gold Has Been the Second Best Asset Class for the Last 20 Years - 21st April 19
Could Taxing the Rich Solve Income Inequality? - 21st April 19
Stock Market Euphoria Stunts Gold - 20th April 19
Is Political Partisanship Killing America? - 20th April 19
Trump - They Were All Lying - 20th April 19
The Global Economy Looks Disturbingly Like Japan Before Its “Lost Decade” - 19th April 19
Growing Bird of Paradise Strelitzia Plants, Pruning and Flower Guide Over 4 Years - 19th April 19
S&P 500’s Downward Reversal or Just Profit-Taking Action? - 18th April 19
US Stock Markets Setting Up For Increased Volatility - 18th April 19
Intel Corporation (INTC) Bullish Structure Favors More Upside - 18th April 19
Low New Zealand Inflation Rate Increases Chance of a Rate Cut - 18th April 19
Online Grocery Shopping Will Go Mainstream as Soon as This Year - 17th April 19
America Dancing On The Crumbling Precipice - 17th April 19
Watch The Financial Sector For The Next Stock Market Topping Pattern - 17th April 19
How Central Bank Gold Buying is Undermining the US Dollar - 17th April 19
Income-Generating Business - 17th April 19
INSOMNIA 64 Birmingham NEC Car Parking Info - 17th April 19
Trump May Regret His Fed Takeover Attempt - 16th April 19
Downside Risk in Gold & Gold Stocks - 16th April 19
Stock Market Melt-Up or Roll Over?…A Look At Two Scenarios - 16th April 19
Is the Stock Market Making a Head and Shoulders Topping Pattern? - 16th April 19
Will Powell’s Dovish Turn Support Gold? - 15th April 19
If History Is Any Indication, Stocks Should Rally Until the Fall of 2020 - 15th April 19
Stocks Get Closer to Last Year’s Record High - 15th April 19
Oil Price May Be Setup For A Move Back to $50 - 15th April 19
Stock Market Ready For A Pause! - 15th April 19
Shopping for Bargain Souvenirs in Fethiye Tuesday Market - Turkey Holidays 2019 - 15th April 19
From US-Sino Talks to New Trade Wars, Weakening Global Economic Prospects - 14th April 19
Stock Market Indexes Race For The New All-Time High - 14th April 19
Why Gold Price Will “Just Explode… in the Blink of an Eye” - 14th April 19

Market Oracle FREE Newsletter

Top 10 AI Stocks Investing to Profit from the Machine Intelligence Mega-trend

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

    © 2005-2019 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

    6 Critical Money Making Rules