2017 Has Been The Best Year For The Stock Market EVER

2017 Has Been The Best Year For The Stock Market EVER:

We have never seen a better year for stocks in all of U.S. history.  Just five days after Donald Trump entered the White House, the Dow Jones Industrial Average hit the 20,000 mark for the first time ever.  On Monday, the Dow closed at 24,792.20, and there doesn’t seem to be any end to the rally in sight.  Overall, the Dow Jones Industrial Average is up more than 5,000 points so far in 2017, and that absolutely shatters all of the old records.  Previously, the most that the Dow had risen in a single year was 3,472 points in 2013.

Yes, I know that it may seem odd for a website that continually chronicles our ongoing “economic collapse” to be talking about a boom in stock market prices.  But of course there has not been a corresponding economic boom to match the rise in stock prices.  This artificial stock market bubble has been created by unprecedented central bank intervention, and every previous stock market bubble in our history has ended with a horrible crash.

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Peter Schiff Warns Of “Too Big To Pop” Bubble – “Everybody Is Going To Get Wiped Out!”

FYI.

Peter Schiff Warns Of “Too Big To Pop” Bubble – “Everybody Is Going To Get Wiped Out!”:

Money manager Peter Schiff correctly predicted the financial meltdown in 2008.

Now, 10 years later, what does Schiff see today?  Schiff says,

“I predicted a lot more than just the stock market going down back then.  I predicted the financial crisis, but more importantly, I predicted what the government would do as a result of the financial crisis and what the consequences of that would be because that’s where we’re headed. 

The real crash I wrote about in my most recent book is still coming…

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The Corporate Earnings Fiction in Q3

The Corporate Earnings Fiction in Q3:

The Biggest Sinners in the Dow.

All 30 companies in the Dow Jones Industrial Average have now reported earnings for the third quarter. As required, they reported these earnings under Generally Accepted Accounting Principles (GAAP). These standardized accounting rules are supposed to allow investors to compare the results of different companies. But that’s too harsh a fate for many of our corporate heroes, and so they proffer their own and much more pleasing accounting strategies – as expressed in “adjusted” earnings and “adjusted” earnings per share (EPS).

Of the 30 companies in the DJIA, 14 reported “adjusted” or “non-GAAP” earnings in Q3 that were significantly higher than their GAAP earnings. Total “adjusted” EPS of these 14 Dow components exceeded their total EPS under GAAP by 26%! Nice work!

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The Swiss National Bank Now Owns A Record $88 Billion In US Stocks

In a quarter in which the world was – supposedly – growing on all cylinders, and in which the S&P was making record high after record high, one central bank was quietly buying everything in sight….

The Swiss National Bank Now Owns A Record $88 Billion In US Stocks

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$1 Trillion In Liquidity Is Leaving: “This Will Be The Market’s First Crash-Test In 10 Years”

$1 Trillion In Liquidity Is Leaving: “This Will Be The Market’s First Crash-Test In 10 Years”:

“The undoing of loose monetary policies (NIRP, ZIRP), and the transitioning from ‘Peak Quantitative Easing’ to Quantitative Tightening, will create a liquidity withdrawal of over $1 trillion in 2018 alone. This will be the first real crash-test for markets in 10 years.”

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The Last Two Times We Saw This The Economy Was In A Recession – The Pentagon Is Worried That A Cyber Attack Could Cause A Stock Market Crash – (Videos)

H/t reader Squodgy:

“He’s issuing daily updates as the events become so numerous.”

Yes, and I am also posting updates like crazy.

We are definitely living in very interesting times.

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Trump’s Touts “$5.2 Trillion” In Stock Gains, Promises More If “Congress Gives Us Massive Tax Cuts”

FYI.

Trump’s Touts “$5.2 Trillion” In Stock Gains, Promises More If “Congress Gives Us Massive Tax Cuts”:

“Stock Market has increased by 5.2 Trillion dollars since the election on November 8th, a 25% increase. Lowest unemployment in 16 years and if Congress gives us the massive tax cuts (and reform) I am asking for, those numbers will grow by leaps and bounds.”

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The Economic Reset Has Been Planned By The Central Banks & Is Happening Right Now: Lynette Zang (Video)

H/t reader squodgy:

“Bitcoin appears at the same time as QE. ?????

Coincidence?

Is it slightly possible we’ve been set up again by the Bankster Cabal again?

Doh!!!!”

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Trump Now Live-Tweeting The Market: “Record High For S&P 500!”

Trump Now Live-Tweeting The Market: “Record High For S&P 500”:

Apparently, having nothing else to comment on this morning, moments ago the president tweeted that as of this moment, the S&P just hit its latest, 40th YTD, all time high in 2017.

“RECORD HIGH FOR S & P 500!”

Putting this declaration in context, in April 2016, Trump was feeling increasingly bearish about stocks. He told The Washington Post that they were overvalued and that the strong data that showed a healthy economy were essentially phony.

“I think we’re sitting on an economic bubble. A financial bubble,” Mr. Trump said.

By September, he was arguing that the Federal Reserve was propping up a “false economy” that is actually weak.

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The Stock Market Is Seriously Overvalued Based On This Benchmark

The Stock Market Is Seriously Overvalued Based On This Benchmark:

As Americans place a record amount of bets into a stock market that continues to rise towards the heavens, few realize how much the Dow Jones Index is overvalued. While some metrics suggest that the Dow Jones Index is very expensive, there is another indicator that shows just how much of a bubble the market has become.

If we compare the Dow Jones Index to the price of oil, we can see how much the market has to fall to get back to a more realistic valuation. For example, if the Dow Jones Index were to decline to the same ratio to oil back to its low in early 2009, it would need to lose 14,500 points or 65% of its value.

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“Get Totally Out Of Stocks” – Charles Nenner Warns “US Social Unrest Is Bigger Problem Than North Korea” (Video)

“Get Totally Out Of Stocks” – Charles Nenner Warns “US Social Unrest Is Bigger Problem Than North Korea”

In this extensive interview with USAWatchdog.com’s Greg Hunter, Charles Nenner, renowned financial and geopolitical analyst, has been saying for a few years that “there would be no market crash until the end of 2017,” and “if people were not positioned correctly, they could lose everything.”

It’s nearing the end of 2017, and Nenner says, “I think we are there already. . . . We, personally, are totally out of stocks at this point.”

So, where is Nenner telling people to stash their cash?

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