Best of the Week
Most Popular
1.Gold Price Trend Forecast, Where are the Gold Traders? - Bob_Loukas
2.Stocks Bear Market of 2017 Begins? Shorting the Dow At its Peak! - Nadeem_Walayat
3.Betting on President Trump Leaving Office Early, Presidency End Date - Betfair Market - Nadeem_Walayat
4.Why Stock Market Analysts Will be Wrong About 2017 - Clif_Droke
5.Is This The Best Way For Investors To Play The Electric Car Boom - OilPrice_Com
6.Silver Price 2017 Trend Forecast Update - Video - Nadeem_Walayat
7.Gold Price Set For Very Bullish 2017, Trend Forecast - Austin_Galt
8.10 Things I learned From Meetings With Trump’s Transition Team - - John_Mauldin
9.How Investors Can Profit From Trumps Military Ambitions - OilPrice_Com
10.Channel 4 War on 'Fake News', Forgets Own Alt Reality Propaganda Broadcasting - Nadeem_Walayat
Last 7 days
Trump Relinquishes Control of Foreign Policy - 26th Feb 17
[Gratis] "Dark Money" Secrets Revealed! - 26th Feb 17
Stock Market SPX New All-time Highs Continue - 25th Feb 17
POWERFUL GOLD & SILVER COILED SPRINGS: Important Charts You Have To See - 25th Feb 17
Underperformance in Gold Stocks Argues for Interim Peak - 25th Feb 17
Watch What Happens When Silver Price Hits $26...  - 25th Feb 17
Gold Futures Buying Yet to Start - 25th Feb 17
When the Stock Market Flying Pig Tops - 24th Feb 17
Gold, Second Fed Hike and Interest Rates - 24th Feb 17
Bitcoin Price Hits Record High! - 24th Feb 17
Another Stock Market Bubble? Bring it On! - 24th Feb 17
What Investors Need To Know About U.S. Money Market Funds? - 24th Feb 17
When Was America’s Peak Wealth? - 24th Feb 17
The Oscars – Worth Their Weight in Gold? - 24th Feb 17
The Best Reasons to Buy Gold in the Age of Trump - 22nd Feb 17
Silver, The Return of Stagflation - 22nd Feb 17
Why EU BrExit Single Market Access Hard line is European Union Committing Suicide - 22nd Feb 17
Gold: Short End US Rates Matter More Than Long End Real Yields - 22nd Feb 17
CONTINENTAL RESOURCES: Example Of What Is Horribly Wrong With The U.S. Shale Oil Industry - 22nd Feb 17
Here’s Proof Rising Rates Are Good for Gold - 21st Feb 17
Gold and Silver Weekly Update - 21st Feb 17
US Dollar and Gold Battle of the Cycles - 21st Feb 17
NSA and CIA is the Enemy of the People - 21st Feb 17
Big Moves in the World Stock Markets - Big Bases - 21st Feb 17
Stock Market Uptrend Continues - 21st Feb 17
Brent Crude Oil Price Technical Update: Low Volatility Leads to High Volatility - 20th Feb 17
Trump’s Tax System Could Spark The Wave Of Self-Employment - 20th Feb 17
Here’s How to Stay Ahead of Machines and AI - 20th Feb 17
Warning Signs Of Instability In Russia - 20th Feb 17
Warning: This Energy Investment Could Wreak Havoc On Your Portfolio - 20th Feb 17
The Mother of All Financial Bubbles will be Unimaginably Destructive when it Bursts - 19th Feb 17
Gold’s Fundamentals Strengthen - 18th Feb 17
The Flynn Fiascom, the Trump Revolution Ends in a Whimper - 18th Feb 17
Not Nearly Enough Economic Growth To Keep Growing - 18th Feb 17
SPX Stocks Bull Market Continues to make New Highs - 18th Feb 17
China Disaster to Trigger Gold Run, Trump to Appoint 5 of 7 Fed Governors - 18th Feb 17

Market Oracle FREE Newsletter

State of Global Markets 2017 - Report

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)

  • 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

    © 2005-2016 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

    Catching a Falling Financial Knife