Dow Jones Tops 18,000 – Highest In 9 Months (Earnings At 12-Month Lows)

Dow Tops 18,000 – Highest In 9 Months (Earnings At 12-Month Lows):

Was it ever in doubt?

Dow Jones Tops 18,000

Oh just one thing…

Dow Jones Forward EPS Expectations

Earnings expectations have plunged over 6% since the last time The Dow was here.

Chart: Bloomberg

 

* * *

PayPal: Donate in USD
PayPal: Donate in EUR
PayPal: Donate in GBP

PANIC!!! All Major US Equity Indices Halted – The S&P 500 Futures Is Halted For The First Time In History

Panic!! All Major US Equity Indices Halted (ZeroHedge, Aug 24, 2015):

20150824_halt

Nasdaq was the first to be halted at 0758ET.

The Dow is now down 850 points from Friday’s close and halted…

The S&P 500 Futures is halted for the first time in history.

Read more

BofA Pushes The Panic Buttton: “Dow Theory Sell Signal, Key Supports Broken, Semis Sinking, No Capitulation”

dow 1_0

–  BofA Pushes The Panic Buttton: “Dow Theory Sell Signal, Key Supports Broken, Semis Sinking, No Capitulation” (ZeroHedge, Aug 21, 2015):

Dow Theory flashes sell signal. S&P 500, NYSE & Russell 2000 all closed below key supports.
No tactical capitulation. Not 90% down. ARMS below 2.0. 10-day total put/call ratio not showing panic. But VXV/VIX oversold.

 

Dow Down 1000 Points From Highs, Small Caps Swing Red Year-To-Date

Dow Down 1000 Points From Highs, Small Caps Swing Red Year-To-Date (ZeroHedge, Aug 7, 2015):

But but but… the smart men on TV said a) rate-hikes are priced-in, 2) rate-hikes are bullisher for stocks than rate-cuts (why would The Fed raise rates if everything was not awesome?), and thirdly) buy the dip! It appears The Fed knows it is going to need some ammo sooner rather than later…

From 18,351.36 on May 19th, The Dow (cash) is now at 17,345…

Dow Jones

But it’s not just the mega-caps, The Russell 2000 (small caps) has tumbled back into the red year-to-date…

Read more

Historic Short Squeeze, Biggest In 3 Years, Sends Small-Caps Soaring; Dow Tops 17,000

Historic Short Squeeze, Biggest In 3 Years, Sends Small-Caps Soaring; Dow Tops 17,000 (ZeroHedge, Oct 28, 2014):

n a strangely familiar case of deja vu all over again, stocks surged (alone in the cross-asset class world of economic reality) on the day before an FOMC statement. The Russell 2000 has had its best 10-day run in 3 years, best day of the year, and managed to scramble back to its 100- & 200-day moving-average. Dow 17,000 was another key technical level that was achieved. S&P 500 was levitated on volume around 40% below average into the green for October. VIX was banged under 15 and tracked stocks. Away from the equity-vol complex, asset-classes were unimpressed – HY credit, bonds, JPY, and the USD all diverged from stocks. USD weakened slightly, and commodities all gained on the day. TSY yields were up 2-3bps and HY closed practically unchanged. “Most shorted” stocks rose almost 3% – the biggest squeeze since Dec 2011 – smashing the Russell 2000 higher.

Dow Jones Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30

Dow Drops 1500 Points In 3 Weeks, Nasdaq Enters ‘Correction’ As VIX Breaks 30 (ZeroHedge, Oct 15, 2014):

From 17,350 intraday highs “proving the recovery is here,” we are 1500 points down just 3 weeks later. The Nasdaq just fell 10.5% from its highs, officially in correction. VIX broke above 30. Perhaps, just perhaps, the gap to fundamentals is finally about to be filled…

Read more

The DJIA Stock Market Index Is A Hoax

The DJIA Stock Market Index Is A Hoax (The Burning Platform, March 29, 2014):

The Dow Jones Industrial Average (DJIA) Index is the only stock market index that covers both the second and the third industrial revolution. Calculating share indexes such as the Dow Jones Industrial Average and showing this index in a historical graph is a useful way to show which phase the industrial revolution is in. Changes in the DJIA shares basket, changes in the formula and stock splits during the take-off phase and acceleration phase of industrial revolutions are perfect transition-indicators. The similarities of these indicators during the last two revolutions are fascinating, but also a reason for concern. In fact the graph of the DJIA is a classic example of fictional truth, a hoax.

Is The Stock Market Repeating The 1929 Run Up To The Great Depression?

Is the Stock Market Repeating the 1929 Run Up to the Great Depression? (ZeroHedge, Feb 12, 2014):

Chart courtesy of Tom McClellan of the McClellan Market Report (via Mark Hulbert)

Hulbert notes that the chart “has been making the rounds on Wall Street.”

On the other hand, Martin Armstrong predicts that a worsening economy – and bank deposit confiscation – in Europe will cause people to flood into American stocks as a “safe haven” for a couple of years.

And the Fed has more or less admitted that propping up the stock market is a top priority.

Unemployment Rate ‘Falls’ To 5-Year Low Of 7% As 203,000 Jobs Added; Dow Soars 199 Points

And now back to reality:

Are Another 1.3 Million Americans About To Drop Out Of Labor Force (And Send Unemployment Plunging)?

The Real Unemployment Rate In The U.S. Is At Least 30%

Fake Employment Numbers – And 5 More Massive Economic Lies The U.S. Government Is Telling You

Recovery In The US: Widest Gap In Employment Rates Between Rich, Poor Since Records Began

80% Of US Adults Are Near Poverty, Rely On Welfare, Or Are Unemployed


Unemployment rate falls to five-year low of 7% as 203,000 jobs added; Dow soars 199 points (NY Daily News, Dec 6, 2013):

Employers were hard at work hiring in November, signaling the labor market’s gradual healing continues.

U.S. payrolls expanded by 203,000, the Labor Department reported on Friday, a total well above the gain of 180,000 economists had forecast.

The jobless rate, meanwhile, dropped to a five-year low of 7.0%. It had been expected to tick down to 7.2% from 7.3% in October.

The report also showed about 8,000 more jobs were added to payrolls in September and October than previously thought.

Stocks shot sharply higher on the news, snapping a five-session losing streak. The Dow rocketed nearly 200 points, or 1.3% higher, to close at 16,020.

Forget The Debt Ceiling, The Dow Just Breached 15,000 … To The Downside

Forget The Debt Ceiling, The Dow Just Breached 15,000 (To The Downside)(ZeroHedge, Oct 3, 2013):

The Dow is down for the 9th day of the last 11 since the exuberant Un-Taper spike in stocks. Crucially though, it appears the government’s efforts to fear-monger equity markets into forcing action by the House Republicans is working. The all-important Dow 15,000 level has been breached to the downside and represents a much more important “economic” breach than the debt ceiling to any and every talking head it would seem…

Dow Jones At New All Time Highs … Here’s Why!!!

Dow Jones At New All Time Highs – Here’s Why (ZeroHedge, April 9, 2013):

Curious why the Dow Jones Industrial Average just hit new all time highs? Here’s a partial list of recent economic events:

  • Markit US PMI    Miss
  • ISM Manufacturing    Miss
  • ISM New York    Miss
  • Vehicle Sales    Miss
  • ADP Employment    Miss
  • ISM Services    Miss
  • Challenger Job Cuts     Miss
  • Initial Claims    Miss
  • Trade Balance    Beat
  • Non-Farm Payrolls    Miss
  • Hourly Earnings    Miss
  • NFIB Small Business    Miss
  • Wholesale Inventories    Miss

And that’s ignoring the absolute economic collapse in Europe, the Chinese slowdown, and the Japanese economic basketcase.

What is there to even say anymore: Stalingrad 4 Eva! Remember: central planning works.

and if pictures are better than words…

The Stability Of The Gold Standard Era Vs The Centrally-Banked Fiat Capital Era

So Much For The Stability Of The Centrally-Banked “Fiat” Era (ZeroHedge, April 1, 2013):

According to some economist PhDs, the end of the gold standard era marked by the arrival of the Federal Reserve one century ago ushered in the era of stability, prosperity and virtually unlimited growth (just ignore the two world wars and millions of casualties immediately following). While that is an amusing way of describing a financial system that is now daily on the brink of a financial apocalypse courtesy of a few good central banks propping up a $1 quadrillion house of derivatives cards, whose collapse would mean an immediate “game over”, and where (rapidly evaporating) confidence in a failing status quo, must be preserved at all costs, the question of post-Fed induced stability is an interesting one, especially when measured in terms of intangible value (in this case the most basic of indicators – the Dow Jones), compared to thousands of years of a real tangible, store of wealth: gold. In the chart below, courtesy of Cambridge House, we ask readers: in which period was there a more stable relationship between tangible and intangible values, and a less exuberant irrationality vis-a-vis that which is purely based on confidence, if not so much reality.

A second logical follow up question is: where is this ratio of intangible to tangible value going next? The chart below attempts to provide some log-based perspective on precisely this.