Dow Jones over 15,000

[The Lovedoc]

Safe to say that we are not in a recession... Economy might be as strong as ever! Go Obama!!!!

[BigWeiner]

There's gonna be guys that are pissed. They wanted Obama too fail so bad. What about Benghazi? Damn it, they tried everything. Just wait until they say it had nothing to do with Obama. They did the same with Clinton. Housing market is booming over here. Life is good.

[Watchtower76]

COme on guys, get a clue...I hope this was just a funny start to get people out since we haven't had our monthly rant.

It's paper wealth, are you really feeling like your better off now? You're probably just like the one of the billion people that hold GLD vs real gold, and you guys call it the same.

Bubbles are brought on by careless spending and if you think our debt, feds STILL pumping in 85 billion each month, historical low interest rates mean we are out of the recession and things are good, holy god i hope you feel good cuz bubbles do pop....

just one question, why is the fed still partaking in this economy if things are so good?

why don't we raise the interest rates?

No worries about our 15 trillion debt? Amazing what 8 trillion dollars can do, i guess it can get the dow to 15,000 but we are historical peaks in unemployment, food stamps and this is what we call good?

I personally didn't want obama to fail, just wanted a president to make changes that are better for our country, not implement a f'n heath care bill, blow up our debt to 15trillion, create wealth that is paper money, watch all the companies screw the tax code and watch us avg joe pay for it.

but if you think overall things are great cuz we hit a magic number 15,000 in a ponzi sch market, then congrats....he did it

[diesel]

Sorry boys but the Dow is not a solid indicator of the state of the overall economy

[BigWeiner]

Economy is still fragile obviously, can't raise interest rates yet, but the housing market is turning around. Why don't you short the market?

[vols fan]

He's still a dumbfuck!!!

[BettorsChat]

The Stock Market here is way over priced. It's being inflated (pushed up) on purpose.

Many people don't know, but they are rioting all over Europe as the Economy over there is terrible. We've helped bail out Greece twice now and it's just a band aid. They are far from being out of problems with 50% of the college educated people unemployed.

The media isn't really covering what's going on in Europe and most Americans don't have a clue. The reason I bring this is up is, because the Europe Economy is way bigger than the United States. If they don't fix the issues in Europe it's going to hit America again, but even harder.

Protests in Greece and Cyprus as the economic crisis bites | eNCA

Monday, May 6th 2013 - 02:53 UTC
Spain angry with political system: protests outside the homes of elected officials
Public support for Spain’s ruling centre-right party the PP has slipped following a high-level corruption scandal and ongoing recession, and Spaniards remain pessimistic about the political and economic outlook, a poll showed last Friday.

Spain angry with political system: protests outside the homes of elected officials — MercoPress

Tens of thousands in Spain protest economic policy, corruption | Reuters

https://www.google.com/search?q=prot...w=1024&bih=552

https://www.google.com/search?q=prot...w=1024&bih=552

https://www.google.com/search?q=prot...w=1024&bih=552

[BigWeiner]

Sell sell sell!!!

[savage1]

Logic says the market is overvalued at 15000 and I myself thought it was so at 14000.
However it usually doesn't pay to fight the Fed or the tape any more than it does to go against a team on a winnins streak which one feels isn't that good.
For a lot of investors includng me, our wallets may feel too heavy at this point because of this unexpected spectacular rise in the market but we sure as hell ain't complaining.
ps That doesn'e mean one shouldn't take money off of the table if he/she has a nice gain and/or that one shouldn't put at least some mental stop losses on stocks if/when they start to go down.
I myself have been selling covered calls of late and selling some out of the money puts futher out to both enhance my gains and protect my portfolio.

[BettorsChat]

The market is way over priced. Face it the Economy isn't doing that much better. They give out BS unemployment numbers. All the people that fall of the unemployment check are not getting Jobs! They need to poll them and just see how many are getting jobs.

If you do a google on Europe they are on the streets protesting all over as the economy over there sucks. Unless things change over seas that shit will hit the fan here as well. Greece is going to go BROKE.

Dow should be between 9K-10K and no I'm not shorting anything as I don't like shorting stocks. Hopefully, I will be back in the market within the next 6 months.