Dow Pierces 13000

[rug]

FEBRUARY 21, 2012, 12:21 P.M. ET

U.S. stocks rose in a choppy session, briefly sending the Dow above the 13000 level.

Stocks rose as the market opened as investors responded to news that a bailout deal has been reached for Greece, fell into negative territory and then began a steady march to the 13000 mark. It was the first time the Dow reached the 13000 level on an intraday basis since May 20, 2008. The last time the Dow closed above that level was May 19, 2008.

Shares pulled back a bit in late morning. The Dow was up 46 points, or 0.4%, at 12996.

The Standard & Poor's 500-stock index was up 5.4 points, or 0.4%, to 1367. The Nasdaq Composite added 11 points, or 0.4%, to 2963.

http://online.wsj.com/article/SB10001424052970203358704577236783377030236.html

[stockholmer]

1. bubble bubble, toil and trouble

then it's game over for



who wait too long to take profits

[dmallind]

10. Ha ha. Remember that said on DU at 8000, 9000, 10000.........

When does this game get over, exactly? Be bold. Tell us when.

[stockholmer]

11. I legged out of equities in late 1999, and also in early 2007, have been somewhat back in since mid

2009. I retain my core holdings of dividend yielding blue chips, but if QE3 is not fully thrust (there are many other factors as well) upon the market, I will probably revert to majority bear sentiment by summer 2012. The fundamentals just are not there long term for another multi-year bull market.

There are so exogenous events that can blow this rally away, TBH, its a nightmare these days trying to event attempt to call a top or bottom. I have went very conservative over the last 12 years, deep into PM's, high-yielding bonds backed by infrastructure/government services, etc.

The 10 to 20% of my holdings I do truly speculate with have been mostly put into the junior and mid-tier mining sectors, as well as other commodities, plus a bit of FOREX play.

[Liberal Veteran]

2. Why does Obama hate business?

That's only a 57% percent increase in the Dow since he took office.

[BlancheSplanchnik]

3. heh!

seems the shareholders should start noticing they're happier....and that would make the CEO's happier, and then, logically, wouldn't they eventually realize they're making a mistake funding Obama's destruction?

I dunno seems like the logical conclusion to me

but what the hell do I know.......

[Liberal Veteran]

4. The poor aren't the only people who get swayed to vote against their best interests.

The rich seem just as susceptible to it.

[Enrique]

5. they're holding out for more

yes they're doing fabulous under Obama, but if they keep whining they keep getting more, so they keep whining.

[Common Sense Party]

6. I scaled back a bit in my 401(k) today.

After some funds are up 13-15% YTD, and when the P/E ratio is about 22 on the S&P 500...I'm starting to get a nosebleed.

[maddogesq]

9. Good move.

Now, if you wanna play a little, buy some small caps.

Best time to invest in small caps is under a Dem president.

http://news.google.com/newspapers?nid=1933&dat=19960824&id=ic8hAAAAIBAJ&sjid=x54FAAAAIBAJ&pg=2809,5141279

[Fearless]

7. So when oh when does this success trickle down to me... oh right, silly me.

[stockholmer]

12. there is something you can do - make informed investments aimed at wealth preservation

This site has very informative podcasts:

http://www.financialsense.com/financial-sense-newshour

http://www.puplava.com/ The head of Financial Sense's personal investment firm

as does this

http://kingworldnews.com/kingworldnews/Broadcast/Broadcast.html


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storage options for PM's

http://solari.com/articles/Options_for_Storing_Precious_Metals/

This article summarizes some of the better-known custodial, vaulting, and digital gold arrangements available to individual investors in precious metals and provide a list of considerations for those interested in exploring these and other alternatives available to them

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BUYING OPTIONS (for Americans)

Gold Money - (highly recommend, one of the best options, IMHO) http://www.goldmoney.com/?gmrefcode=maxkeiser

http://www.sprottphysicalsilvertrust.com/ Eric Sprott's new trust, (he is the biggest individual silver investor in the world)

http://www.silverwheaton.com/ Silver Wheaton, the metals streaming firm (great business model, they're the biggest in the world) here is great interview with the CEO on Mp3 http://www.financialsense.com/financial-sense-newshour/big-picture/2011/03/05/02/peter-barnes/the-silver-wheaton-success-story-50-dollar-silver

http://www.wholesaledirectmetals.com/

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other good sites:

http://www.sprottglobal.com/

http://fofoa.blogspot.com/

http://gordontlong.com/

http://www.nakedcapitalism.com/

http://www.chrismartenson.com/

http://socialdemocracy21stcentury.blogspot.com/

http://maxkeiser.com/

http://www.zerohedge.com/

http://www.debtdeflation.com/blogs/

http://globaleconomicanalysis.blogspot.com/

http://www.kitco.com/

http://jessescrossroadscafe.blogspot.com/

http://theautomaticearth.blogspot.com/ Nicole Foss's (who spoke here in Stockholm last year) site

http://solari.com/

http://new.gloomboomdoom.com/portalgbd/homegbd.cfm Marc Faber (Switzerland, global)


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All global fiat currencies are being utterly debased and destroyed right before your eyes. A modest 3.5% rate of annual true inflation (not the bullshite, hedonically adjusted and twisted number the Fed and other central banks spew out these days) will steal HALF your wealth in just 20 years, 75% of it in 40.

Throughout history, every single fiat currency has collapsed in a violent plummet. Every one. This time will be no different.

Even If you were ONLY buying into the teeth of the manic parabolic gold bubble of January/February 1980, you would have been in the black since 2007, if you were buying in 1977, 1978, and the first half of 1979 you were ALWAYS in the black, and if buying in 1982 to 1985 (and almost all of the rest of the 1980's), you were in the black from 2005 onwards. If you had been buying from the end of 1997 up until 2005, you would have seen huge profits of over 300 to 600 percent already, just in gold. Silver is even more dramatic in its rate of return, even with the recent pullbacks from $47/$49 an ounce to $34 an ounce.

Gold has increased by double digits as a percentage gained for the last 11 years in a row. Can you say the same of the NASDAQ? The Dow? The S&P? The US dollar? US Treasuries? The average US IRA? LOL! How about your paycheck? How about the value of the average American house?

I have been long gold AND silver since 1998 and 1999 (in physically-held, allocated non-bank secure vault accounts), when the US trashed the Glass–Steagall Act and legalized derivatives under the Clinton/Rubin/Greenspan troika. I have an average gain of over well over 350%, whilst the Dow is utterly stagnant when measured from from the tech bubble crash of early 2000 till now. In fact, it is off greatly, due to inflation, and many who were crushed in the stock crash of 2008-2009 pulled out, locking in huge losses that they could have somewhat recovered in the QE 1 and QE 2 and soon QE 3 induced bubbles. These bubbles, will, as all bubbles do, come to an end yet again. Check back with me in 3 or 5 years when those 350% figures in PM's are closing in on 1000+% profits.

In 1970, the average US car cost $3900 and took 114 ounces of gold to buy. In 2012, that same car is around $29,000 yet takes less than 17 ounces of gold to buy. Hello dollar debasement!

Also, I play FOREX markets (not for the light-hearted), I have holdings in dividend paying blue chip stocks (especially essential products, energy resources, certain medical/pharma firms (very picky on these, as I try to never invest in unethical companies), have savings accounts in several nations (Mongolia is currently paying 14% rate of return, all backed by the national government) and commodity based sectors as well such as ag and mining), and a global bond portfolio of national, local and state backed utilty and education issues (many of which are tax free zero coupon type), The USA has many great bond offerings, just check with a good reliable investment advisor.

cheers

[Fearless]

13. Helps to have money first however. Lol.

Nice research though!

[lib2DaBone]

8. Happy days are here again.. blue skies.....

Oh wait.. when does trickle down kick in?

$5 a gallon gas by Easter.... uh oh.... this is not good.