The Dow Hits An All-Time High! Translation: A Bubble Is Always Biggest Right Before It Bursts

TEC ^ | 03/09/2013 | Michael Snyder

[Gabrial]

Just sold off a significant chunk of company stock last Friday locking in gains.

Going to sell another significant chunk on Monday when the market opens.

Time to reduce risk and get out of the way when it all comes down.

[Artie]

George Carlin summed it up best “They call it the American Dream, because you have to be asleep to believe it.”

[Neoliberalnot]

Simply a reflection of massive inflation. Watch the price of energy and food and every other commodity.

[Starboard]

This brings to mind the cautionary investing concept of ‘castles in the air’. There are no underlying FUNDAMENTALS driving this market as far as I can tell. It’s all a Fed driven illusion. Many investing pro’s are predicting this isn’t going to end well.

[Silver Sabre]

I have found this website to be a very useful source of information on the economy, gold, and silver.

http://goldismoney.info/forums/

[csmusaret]

Bernanke already told us he will continue to pump money into the system until unemployment is down to 6.5%. Continued devaluation of the dollar will inflate the cost of all commodities. I am buying oil stocks.

[OldNavyVet]

Not mentioned in this is the 144 TRILLION dollars of UNFUNDED US liabilities.

Read about it at

http://investmentwatchblog.com/total-us-unfunded-liabilities-are-estimated-at-144-trillion-roughly-1-2-million-per-taxpayer-was-that-a-pin-dropping/

[SeekAndFind]

RE: There are no underlying FUNDAMENTALS driving this market as far as I can tell. It’s all a Fed driven illusion.

Well, if the Fed is giving out free money... TAKE SOME. :)

[ClearCase_guy]

Bernanke already told us he will continue to pump money into the system until unemployment is down to 6.5%.

Picture that as an explicit Cloward-Piven strategy:

Get unemployed people to give up looking for work. Unemployment is currently 7.8%? If enough people stop looking, then that number magically goes down, right? Fewer and fewer people trying to be employed, and we edge closer to 6.5%. It's not good news, but maybe it looks like good news. Then, when we hit 6.5% unemployment, the government suddenly stops the fresh money injections. Everything implodes overnight.

And then the only thing that could rescue us is a communist dictatorship. Right?

[AU72]

Low information traders are the last to buy in a bull market and the last to sell in a bear market.

[Reeses]

Bubbles can continue to inflate for many years. The housing bubble grew for 8 years before the obvious happened. Spotting the bubble is easy, predicting when it will pop is hard. Don’t short the stock market now unless you can hold onto your bet and handle being completely wrong for 5 years.

[Auntie Dem]

With the big banks so close to a huge cliff should we have any money in them? What is the risk to “Demand Deposits” (our checking and savings accounts) if they go under? Does our money disappear? FDIC would cover up to $100,000 (way more than I’ll ever have in a bank), but would FDIC be solvent in such a crash?

Sounds like I’ll have to squirrel away cash and silver dollars in a coffee can in my gun safe.

[Starboard]

Bernanke already told us he will continue to pump money into the system until unemployment is down to 6.5%.
********
I don’t believe that for a moment. It’s not so much a matter of absolute numbers, its more one of trends and their slopes. He just threw out this number to make it sound like there was some underlying objective inherent in his plan, but in reality the number is as firm as jello. He’ll do what he wants and characterize his revised plan as “adjustments to positive economic conditions” or somesuch BS.

[blam]

Dow And Silver In Gold Terms

[eartick]

I agree with your thinking, time to cash in. I have been about 20/80 on stock/cash.

I will soon be about 0/100 and most of my cash has been removed from the banking system redirected into hard precious metals and tradable goods, entirely anticipating the collapse and run on the banking system and subsequent freeze by the feds.

I guess I am one of those terrorist classified by the feds since I definetly have more than 7 days of food stores and am prepared to defend it.

[Fzob]

I just did the same.

[GraceG]

Yay it is going up, up, up with lots of room at the TOP!!!!!!!!

Imma invest in flapper clothing stores and phonograph machines...

[4everontheRight]

Anyone have advice on the best way to sell off and not pay out the old poop shoot in taxes?? I have some brokerage accounts and a few mutual funds that are making me very nervous. I am fairly stupid on the market and need some good solid advice on getting out and not getting soaked by the government!