Stock Market at Y2K levels, Corp earnings doubled

[Soggy in NOLA]

The Fed has been manipulating the markets for a while.. they pump about $4,000,000,000 a day into equities through bond buying... and they just issue credits that the seller later redeems in cash, or, leaves with the Fed.

This cannot continue.

 

[g5000]

It's not just Obama. It's our entire federal system that has been captured and corrupted.

True but the left is already claiming it's all obama.

One thing I have learned being on here.
If it's positive news....

It's all due to Obama....

If it's negative news...

It's everybody's fault but Obama....

One could say the inverse is true for the low voltage brains on the right.

 

[g5000]

The Fed has been manipulating the markets for a while.. they pump about $4,000,000,000 a day into equities through bond buying...

Did anyone else laugh their ass off as hard as I did when reading that?

"into equities through bond buying".

Fuck. I thought bigreb said the most ignorant thing this year which was never going to be topped!

 

[boedicca]

Big BIG BIG difference between 2007 and 2013!!!

• Dow Jones Industrial Average: Then 14164.5; Now 14164.5
• Regular Gas Price: Then $2.75; Now $3.73
• GDP Growth: Then +2.5%; Now +1.6%
• Americans Unemployed (in Labor Force): Then 6.7 million; Now 13.2 million
• Americans On Food Stamps: Then 26.9 million; Now 47.69 million
• Size of Fed's Balance Sheet: Then $0.89 trillion; Now $3.01 trillion
• US Debt as a Percentage of GDP: Then ~38%; Now 74.2%
• US Deficit (LTM): Then $97 billion; Now $975.6 billion
• Total US Debt Oustanding: Then $9.008 trillion; Now $16.43 trillion
• US Household Debt: Then $13.5 trillion; Now 12.87 trillion
• Labor Force Particpation Rate: Then 65.8%; Now 63.6%
• Consumer Confidence: Then 99.5; Now 69.6
• S&P Rating of the US: Then AAA; Now AA+
• VIX: Then 17.5%; Now 14%
• 10 Year Treasury Yield: Then 4.64%; Now 1.89%
• USDJPY: Then 117; Now 93
• EURUSD: Then 1.4145; Now 1.3050
• Gold: Then $748; Now $1583
• NYSE Average LTM Volume (per day): Then 1.3 billion shares; Now 545 million shares

The Last Time The Dow Was Here... | Zero Hedge

You beat me to it. Quite telling, isn't it? Especially the Fed's balance sheet. QE^Infinity is just inflating asset prices via massive increasing in the money supply.

 

[g5000]

You beat me to it. Quite telling, isn't it? Especially the Fed's balance sheet. QE^Infinity is just inflating asset prices via massive increasing in the money supply.

Nice try.


DXY for past 10 years.

Notice how it does not correlate with the DOW or S&P 500.

 

[TheSeventhTiger]

no wonder there was no wait at any airports today. it was all because OF THE DOW 14,200 !!!