Most Popular
1. THE INFLATION MONSTER is Forecasting RECESSION - Nadeem_Walayat
2.Why APPLE Could CRASH the Stock Market! - Nadeem_Walayat
3.The Stocks Stealth BEAR Market - Nadeem_Walayat
4.Inflation, Commodities and Interest Rates : Paradigm Shifts in Macrotrends - Rambus_Chartology
5.Stock Market in the Eye of the Storm, Visualising AI Tech Stocks Buying Levels - Nadeem_Walayat
6.AI Tech Stocks Earnings BloodBath Buying Opportunity - Nadeem_Walayat
7.PPT HALTS STOCK MARKET CRASH ahead of Fed May Interest Rate Hike Meeting - Nadeem_Walayat
8.50 Small Cap Growth Stocks Analysis to CAPITALISE on the Stock Market Inflation -Nadeem_Walayat
9.WE HAVE NO CHOICE BUT TO INVEST IN STOCKS AND HOUSING MARKET - Nadeem_Walayat
10.Apple and Microsoft Nuts Are About to CRACK and Send Stock Market Sharply Lower - Nadeem_Walayat
Last 7 days
UK Housing Market Analysis, Trend Forecast 2022 to 2025 - Part 2 - 30th June 22
Stock Market Turning the Screws - 30th June 22
How to Ignore Stocks (and why you should) - 30th June 22
Top Tips For Getting The Correct Insurance Option For Your Needs - 30th June 22
Central Banks Plan To Buy More Gold In 2022 - 30th June 22
AI Tech Stock PORTFOLIO NAME OF THE GAME - 29th June 22
Rebounding Crude Oil Gets Far Away from the Bearish Side - 29th June 22
UK House Prices - Lets Get Jiggy With UK INTEREST RATES - 28th June 22
GOLD STOCKS ARE WORSE THAN GOLD - 28th June 22
This “Bizarre” Chart is Wrecking the Stock Market - 28th June 22
Recession Question Answered - 28th June 22
Technical Analysis: Why You Should Expect a Popularity Surge - 28th June 22
Have US Bonds Bottomed? - 27th June 22
Gold Junior Miners: A Bearish Push Is Coming to Move Them Lower - 27th June 22
Stock Market Watching Out - 27th June 22
The NEXT BIG EMPIRE WILL BE..... CANZUK - 25th June 22
Who (or What) Is Really in Charge of Bitcoin's Price Swings? - 25th June 22
Crude Oil Price Forecast - Trend Breaks Downward – Rejecting The $120 Level - 25th June 22
Everyone and their Grandma is Expecting a Big Stocks Bear Market Rally - 23rd June 22
The Fed’s Hawkish Bite Left Its Mark on the S&P 500 Stocks - 23rd June 22
No Dodging the Stock Market Bullet - 23rd June 22
How To Set Up A Business To Better Manage In The Free Market - 23rd June 22
Why Are Precious Metals Considered A Good Investment? Find Out Here - 23rd June 22
UK House Prices and the Inflation Mega-trend - 22nd June 22
Sportsbook Betting Reviews: How to Choose a Sportsbook- 22nd June 22
Looking to buy Cannabis Stocks? - 22nd June 22
UK House Prices Momentum Forecast - 21st June 22
The Fed is Incompetent - Beware the Dancing Market Puppet - 21st June 22
US Economy Headed for a Hard Landing - 21st June 22
How to Invest in EU - New Opportunities Uncovered - 21st June 22
How To Protect Your Assets During Inflation - 21st June 22

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

    © 2005-2019 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