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
US Housing Market Analysis - Immigration Drives House Prices Higher - 30th Sep 24
Stock Market October Correction - 30th Sep 24
The Folly of Tariffs and Trade Wars - 30th Sep 24
Gold: 5 principles to help you stay ahead of price turns - 30th Sep 24
The Everything Rally will Spark multi year Bull Market - 30th Sep 24
US FIXED MORTGAGES LIMITING SUPPLY - 23rd Sep 24
US Housing Market Free Equity - 23rd Sep 24
US Rate Cut FOMO In Stock Market Correction Window - 22nd Sep 24
US State Demographics - 22nd Sep 24
Gold and Silver Shine as the Fed Cuts Rates: What’s Next? - 22nd Sep 24
Stock Market Sentiment Speaks:Nothing Can Topple This Market - 22nd Sep 24
US Population Growth Rate - 17th Sep 24
Are Stocks Overheating? - 17th Sep 24
Sentiment Speaks: Silver Is At A Major Turning Point - 17th Sep 24
If The Stock Market Turn Quickly, How Bad Can Things Get? - 17th Sep 24
IMMIGRATION DRIVES HOUSE PRICES HIGHER - 12th Sep 24
Global Debt Bubble - 12th Sep 24
Gold’s Outlook CPI Data - 12th Sep 24
RECESSION When Yield Curve Uninverts - 8th Sep 24
Sentiment Speaks: Silver Is Set Up To Shine - 8th Sep 24
Precious Metals Shine in August: Gold and Silver Surge Ahead - 8th Sep 24
Gold’s Demand Comeback - 8th Sep 24
Gold’s Quick Reversal and Copper’s Major Indications - 8th Sep 24
GLOBAL WARMING Housing Market Consequences Right Now - 6th Sep 24
Crude Oil’s Sign for Gold Investors - 6th Sep 24
Stocks Face Uncertainty Following Sell-Off- 6th Sep 24
GOLD WILL CONTINUE TO OUTPERFORM MINING SHARES - 6th Sep 24
AI Stocks Portfolio and Bitcoin September 2024 - 3rd Sep 24
2024 = 1984 - AI Equals Loss of Agency - 30th Aug 24
UBI - Universal Billionaire Income - 30th Aug 24
US COUNTING DOWN TO CRISIS, CATASTROPHE AND COLLAPSE - 30th Aug 24
GBP/USD Uptrend: What’s Next for the Pair? - 30th Aug 24
The Post-2020 History of the 10-2 US Treasury Yield Curve - 30th Aug 24
Stocks Likely to Extend Consolidation: Topping Pattern Forming? - 30th Aug 24
Why Stock-Market Success Is Usually Only Temporary - 30th Aug 24
The Consequences of AI - 24th Aug 24
Can Greedy Politicians Really Stop Price Inflation With a "Price Gouging" Ban? - 24th Aug 24
Why Alien Intelligence Cannot Predict the Future - 23rd Aug 24
Stock Market Surefire Way to Go Broke - 23rd Aug 24
RIP Google Search - 23rd Aug 24
What happened to the Fed’s Gold? - 23rd Aug 24
US Dollar Reserves Have Dropped By 14 Percent Since 2002 - 23rd Aug 24
Will Electric Vehicles Be the Killer App for Silver? - 23rd Aug 24
EUR/USD Update: Strong Uptrend and Key Levels to Watch - 23rd Aug 24
Gold Mid-Tier Mining Stocks Fundamentals - 23rd Aug 24
My GCSE Exam Results Day Shock! 2024 - 23rd Aug 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

S&P 500 Stock Market New All Time High as Debt Ceiling Propaganda Ends

Stock-Markets / Stock Markets 2013 Oct 20, 2013 - 03:44 PM GMT

By: Nadeem_Walayat

Stock-Markets

From amidst an extreme bearish environment as a consequence of U.S. Government shutdown and debt ceiling default armageddon propaganda that played out at maximum volume in the mainstream press, stocks markets like a phoenix instead of collapsing in to the depths of a deflationary black hole, have risen from the ashes and stealthily resolved to new all time highs, which as mainstream propaganda is now suggesting after the fact is on resolution of the debt ceiling play acting by politicians, as is being regurgitated at length now by the BlogosFear.


Major stock market indices as represented by the S&P500 and Nasdaq gave their answer to the fools that call themselves journalists in the mainstream press focused on a non-existant debt ceiling default debate that illustrates that they are nothing more than propagandists for an elitist agenda aimed at further concentrating the wealth by means of theft of the only thing that carries any value which is the productivity of individuals i.e. WORK. Whilst tens of thousands of perma fools who are nearly ALWAYS on the wrong side of the major trends, despite a coin toss having a 50/50 chance of picking the right direction, who if they actually backed their diatribe with actual market positions would have gone bust several times over many years ago which reveals the truth that they NEVER actually practice what they so vocally preach.

The S&P closed at a new all time high of 1744 and the Nasdaq at recent years high of 3914 (still over 1000 points away from its year 2000 all time high).

Meanwhile the main stock market index that I track and trade, the Dow closed at 15,399, some 300 points from busting to another new all time high.

I gave my opinion on what my expectations were for the stocks stealth bull market in my article of 2 weeks ago - 03 Oct 2013 - U.S. Government Shutdown Great for Stocks Bull Market, Bears Will be Crucified Again with the concluding graph as illustrated below.

As I pointed out at the time that the stock market was entering its seasonally weakest period of the year and thus it was no surprise that the stock market would be falling going into October. Similarly, as we pass out of the Mid October seasonally weakest point of the year then the stock market can be expected to have an increasing probability for trending higher into the end of the year, which strongly suggests that the Dow too will be following its brethren into another new all time high BEFORE the end of this year. The technical chart picture resolves towards suggesting a multiple wave rally that forms a trend that resolves to the Dow trading to above 16,000.

The bottom line is this that the hated and wall of worry climbing stocks stealth bull market remains completely intact, the year end picture resolves to a new all time high whilst the short-term is less certain i.e. a 50/50 chance for an imminent minor correction.

Debt Slavery

Understand this fundamental fact that THE DEBT IS NEVER MEANT TO BE REPAID BUT EXPANDED EXPONENTIALLY! This is one of the primary mechanisms for enslaving the masses into the service of the elite as indentured wage slaves, reinforced through a myriad of smoke and mirrors such as democracy, economics, public sector and the mainstream media (propaganda), as I explained at length in my following recent articles -

My next in depth analysis will be Governments Inflating Housing Bubbles to Encourage Debt Slaves to Borrow. Ensure you remain subscribed to my always FREE newsletter to receive this analysis in your email in box during the coming week.

Source and Comments: http://www.marketoracle.co.uk/Article42761.html

Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2013 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 four ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series.that can be downloaded for Free.

The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe 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 600 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

R.E.B
20 Oct 13, 22:09
U.K stocks

Hi Nadeem, are you of the same mind regarding U.K stocks? I just cannot see this trend confining itself to the U.S as people are forced to chase any kind of return.


Nadeem_Walayat
21 Oct 13, 10:37
Stock Holdings

Hi

Most of the stocks I hold are UK FTSE. UK tends to track US quite closely, especially if you zoom out of the graphs and look at the over riding trends.

Best

NW


Post Comment

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