Oh, happy days: Dow breaks record at 15,000

[OakRidgeStars]

The stock market roars ahead to top 15k! What could possibly go wrong now?

http://www.cnbc.com/id/100715566

Happy days are here again!


As the saying goes, the only place for the market to go now is straight down. Trust me folks, it's going to be an ugly ride to bottom.

[Kreutz]

"The candle burns brightest just as it burns out."

Old Japanese proverb.

[Riposite]

"The candle burns brightest just as it burns out."

Old Japanese proverb.

I suspect we are going to see the candle sputter out next year - a lot of economists are pointing out there is no real justification for this increase in value; it is all speculative based on quantitive easing-once they stop I think we will see a drop (or the bond market freezes as people realize it is a ponzi scheme). I think the real question is how bad the crash is going to be, not if we will have one. Kreutz's quote fits perfectly; this is the flare of light as a meteor burns as it enters the atmosphere; short term and heralding it's destruction.

[lizjimbo]

Low information investors!

[Kreutz]

I'm sitting on cash waiting for the crash, I bought my house at rock bottom of that last bubble pop and will do it again with equities....it worked for quite a few people during the last Great Depression. If you still had some dough after Black Tuesday the world was your oyster since everyone panics and sells sells sells.

When the student debt bubble finally goes pop it should be a good time to look at financials again. God knows that particular plague will never truly go away so I think they're largely safe long-term.

Some are saying look to commodities, but the volatility is nuts for a buy and hold style.

[Rich]

There are as many "experts" that think the market will continue for another year as there are "experts" who think the bottom will fall out. From what I understand the underlying value of companies in the market is much better now than it was druing the last bust. So who really know. Where else can you put your money and see any gains? Unless, of course, you bought a bunch of ammo before the first of the year.

[Palladin]

"The candle burns brightest just as it burns out."

Old Japanese proverb.

I suspect we are going to see the candle sputter out next year - a lot of economists are pointing out there is no real justification for this increase in value; it is all speculative based on quantitive easing-once they stop I think we will see a drop (or the bond market freezes as people realize it is a ponzi scheme). I think the real question is how bad the crash is going to be, not if we will have one. Kreutz's quote fits perfectly; this is the flare of light as a meteor burns as it enters the atmosphere; short term and heralding it's destruction.

Yup - my trusty chainsaw winds up like crazy right before it runs out of gas...

Now's a good time to get out.

[gunderwood]

Meh, I've got money invested across the board. Intelligent diversification is key.

[CalebDor]

The fundamentals of a free market do not agree with the numbers being seen at the exchange. Do not be deluded. This 15,000 threshold is artificial. When the easing halts and the fed tries to sell all those bonds this will get beyond ugly.

Be well all of you.