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12.23.2014 DOW 18K! Bookmark

Today  the DOW surpassed 18,000 for the first time ever. That's pretty heady stuff considering we were almost in danger of losing DOW 17K just a week ago. They were so excited by it, that Art Cashin actually wore a DOW 18K hat on CNBC. How sad.

Today  the DOW surpassed 18,000 for the first time ever. That's pretty heady stuff considering we were almost in danger of losing DOW 17K just a week ago. They were so excited by it, that Art Cashin actually wore a DOW 18K hat on CNBC. How sad.

But it certainly wasn't because of the economy that we got there. New home sales fell in the report today. Yesterday we saw existing home sales fall. The Durable goods number was expected at + 3% but instead fell 0.7% its worst plunge in 10 months. So for now the ponzi goes on. The Central banks around the world print dollars,yen and Franc's out of thin air and use them to buy stocks. As the old saying goes....it all looks good on paper.

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