Dow Jones over 10,000

[jay123jd]

So how did the last 8 years of republicons help or hurt our econmy? We did see almost a 50% loss in market share. And there is still credit default swap options still to be markered in. It gives you a warm feeling all over. LOL

[mike6459]

Dow 10000 today vs Dow 1998...United States unemployment was 4.2 percent. Now its 9.8 percent and rising. Oil traded around $16 per barrel. The prestigious Economist that now proclaims the Great Recession over, in 1999 predicted oil would fall to $5 and remain low for the foreseeable future. Oil is now trading above $78 a barrel. It took 91cents to buy one euro, today it costs almost $1.50.

An ounce of gold cost $280 in 1999, today, $1050.

[dgmoocher]

Shopping prosperous nations.

Thanks Derek

[PayChkSlaveRebellion]

i enjoy your sarcasm :)

[turdsplatter]

I gotta get me one of those party hats and do "the recession is over" dance, lol!

[SamuraiCommando]

Can someone explain the huge .50 cent drops in silver today and gold dropping 10 bucks. is there any negatice commodities news today? OIL still going up though... The chart looks like its starting to get bearish today on silver I maybe wrong though.

[goodagofilms]

People are selling to gain profit. Then they will start to buy back to gain profit. on the next run. markets always dip. you have to watch the trend and it will go up. In the Telegraph yesterday ( english news paper) they reported Harrods have started to sell bullion over the counter and you can buy upto a 12.5kg bar.

[Airblade90]

You have to admit if you had the guts to trade it you would have made a mint... I mean... 60%++ rally in the Nasdaq is insane!!

[user392000]

Don't forget is it all denominated in US dollar. Gold should be trading at $10,000 an ounce.

[Airblade90]

Still other indices (like the TSX) have gone up even more than the US stock market and its denominated in Canadian dollars... imagine if an American converted US dollars and bought some Canadian stocks at the March lows....

[Wittmann73]

the casino is OPEN again

[rollsthepaul]

Suckers rally; they want the rest of your money. The recession is over but it is not over for the populace; it is just getting started for us.

[buffett1000]

Good post.

[cycosteve2006]

look at it like this ...the stock market is up,job losses have dramatically declined,inflation is nonexistent,interest rates are up and home prices are rising....i'm going out tonight and partying!

[jimbonumber9]

So by printing more money, which has devalued the U.S. dollar, that is now driving up the stock market? Trying to fake an economic recovery and trick people into thinking that the recession is over, when it's not.

[SamuraiCommando]

The economy right now is comparable to getting in a car wreck. First you have your whiplash and ambulance ride and about 6 months of recovery. But now we have a nagging back injury that could force us to retire alot earlier than we want to...

[jimbobubbadj]

Want to get the governments attention, organize a bank run. This their Achilles heal. If they try to ban withdrawing of money, that will gather even more attention. They are not listening to us now, lets ante up or perhaps ante down.

[Lockemeister]

You beat Peter Schiff's video. I think he copied from you.

[KarlBrkr]

I was saying the same exact thing today. The Bank Executives are fleecing the system for the last time and milking it for all they can. Meantime the middle class is dying and going bankrupt. Not good at all.

Nice video.

[AndyMH182]

Moar party hatz!

[szaki]

According to the LaRouche group, it's the British empire bailing out the US economy right now!

Obama is a British agent!

[chadthailand]

Plus anyone working in a power position must be monitored by a some sort of honesty group and not allowed to speak with any person who comes to sell them on making a legal change make gains for them selves & screw the other person. It's almost like they need to be locked in isolation or something with a whole bunch of honest people surrounding them.

[chadthailand]

We should pull the millions of unemployed and unhappy poor people together demanding for an entirely new group of people to run our government then yes we are screwed. We should move to another country, since poor American's can't seem go ahead with a giant movement removing every single man and woman currently in government & making it a requirment that your true income must be below 50k anually before you can have any seat in office & pass some type of curruption test.

[slobomotion]

Had to leave the USA 15 years ago.

[marcusguernsey]

i had to leave to leave USA 10 years and 1 week ago down to the day, i just did nt go as far as you Slobo,i m one time zone away from you

[slobomotion]

It's hard to immigrate! I do hate people who put me down, who are jealous, who disapprove. It certainly does give one some perspective, some objectivity. Ultimately, the US loses -- they have a brain drain, fewer tax revenues . . .

[1999609]

I think it was Jim rogers who said (in exaggeration) something like the S&P or the dow could go to 40,000 but who cares it will all be in worthless dollars anyways

[endlessmountain]

i have been saying that for over a year now.  I still think Dow 50,000 very soon. Not like it will be worth much

[Hopefl1]

Put all of your money in. It is going to 50,000

[GuildF40]

China possible ban on gold exports ????

Anyone with any more info just watched Stellaconcepts channel.

If thats true BUCKLE UP the ride down is coming.

[taineasy]

Have a quick look at the recent video from You tuber The Practical Investor. He is a well known charter and his CRASH warning is serious stuff.

[starlitopensky1]

I think all this stock market crap is bs. I don't think there should be something called a stock market.

[dx11101]

DOW 10000 based on rallies sparked by better then expected earnings. Never mind the fact that a lot of the improvements is merely from dropping headcount.

With the fed discount rate still at zero its no surprise that investors are looking for ways to earn a return on their money.

[donharlan1]

Exactly, this is a revenue driven rally, not earnings driven. Revenue is being increased by reducing costs and selling assets. It is impossible for the rally to continue unless employment goes up, thus increasing earnings. Think of it this way, if revenues increase by laying employees and selling assets, then the stock should continue to go up until the company was liquidated, which of course is a ridiculous concept.

[Crazycardfreak]

Thanks for the tidbit. Love the show

[zgreg427]

i agree with link2randle.....lets see his portfolio...i want to see if he practices what he preaches...lets see all those puts and shorts....

[endlessmountain]

I do practice what I preach. I preach getting out of dollars and preparation.

[yboohcs]

Shock shock getting people to jump back in for another screwing

[link2randle]

I don't mean to be disrespectful, but do you think by your commentary that you are influencing people to stay out of the market, therefore not giving them a chance to recoup some of the loss they had when the market was going down. You along with a lot of others are spreading this nonsense of a great collapse but at the same time the market is streaming forward.

[endlessmountain]

your always a bundle of Joy (actually the complete opposite)

No, its all about truth.. but i've said this to you before... I dont think its fair that so many people get screwed over into heavy hardcore gambling without even knowing it.

[mrzack888]

I regret not going into the stock market early this year when it was at 6000... I missed the opportunity of a lifetime...

[neanam]

I dont understand the stock market..so explain if you can....if I had 10k in the market when it was at 6,000....how much would I have now since its 10,000..

[endlessmountain]

silver is the opportunity of a lifetime.. 50% is not.

[Shocksink]

Stock markets all over the world is going up cuz everyone one is getting out of the dollar. I noticed that average people are getting out of the dollar. Dollar slide is picking up speed, the door to get out of the dollar wll close anytime soon.

[xFatiguedx]

doesn't mean anything too me I miss the days of super volatility

[endlessmountain]

i was thinking that earlier this week... Where 100 points up or down in an hour was very normal.

[jdl1881]

I missed out BIG TIME!!.. could gave got in at the low and didn't do it .. put it in silver instead ... would have done WAY better with the market ..oh well..screwed up again

[1mealperday]

no . if you got silver , you done right good. hold on to it. quantity is limited. very!

[FelipeSparx29]

Son of a BITCH!!!!!!! Damn it!!!

[endlessmountain]

LOL yeah i know.. Peace Bro

[1pigslayer]

you the man endless keep up the good work!

[BackBurnerNews]

Yayyyyy!!!!!!

We did it!!!!

Now I can unsubscribe and go back to sleep.

(Obvious sarcasm)

[endlessmountain]

LOL yup and remember to subscribe to Cramers daily vlogs.

[lilbitparanoid]

Dollar Index at 75.47 Unless something changes soon, we should be seeing another big move in silver. Welcome to the United States of Zimbabwe

[endlessmountain]

LOL yeah

[Frequencitee]

I'm celebrating big-time. DOW 10K. recession over.

Tomorrow morning I'm going to make a pot of coffee, enjoy a piece of fresh fruit, press my clothes, polish my shoes and get ready...because I'm gonna be "smilin', stylin' and profilin' ...dressed to kill" in that long line at the food bank.

Not only that, I think I've collected enough aluminum cans to buy that Sunday newspaper I've been saving up for.

I can't wait till we win the war on terror, and there's no more terror.

[meikagirl]

That's right ! The Rich and the Poor,because there isn't going to be a middle class anymore! Thanks for vid E.M.

[theanswersofnwo3]

The biggest party will be when the Dow hits 65,000 and gold hits $2,000,000 an ounce. This is all hyper-inflation.

[endlessmountain]

I even think the Dow can go higher than that even. It may only buy you a weeks or two worth of groceries with 100 shares of SPY though

[Writious]

Watch WAMUed Nation

v=NxGBwExQDdU

[spinefex]

Good vid. Left my party hat at home.

[KhmerD0g]

but the dollar lost 25% since the internet tech stock burst in 2000 which means today's dow is 7500 compare to 2000 year term. another word, we gained nothing and lost some.

[turboredcart]

mark to model... happy days are here again.

stop and think. Silver is up 80% since TARP. Shortly after TARP it fell to $10- now it is close to $18.

[drutter]

Wasn't the DOW also at a high one year ago when it crashed?

[doctorjn]

Derek being sarcastic again.... cracks me up every time! "Yaaaaaaaay!"

[endlessmountain]

LOL thanks.

[BLynchCAN]

Can't believe the dow is over 10k again.

[marcopiero]

having said that I don't watch cnbc or bloomber any longer.....now I'm gonna have to quit watching tv at all since it's all over the news!!!!! 10K.......what a joke!

[doc7474]

More false prosperity is great. I mean it makes alot of people feel good right?

[dwfierce]

It is unbelievable isn't it?

It will be so interesting to see where we are and what we are doing a wwk from today. This definitely is the greatest time in history to be alive isn't it?

Real LIFE... more exciting than any ol' movie!

peace Derek... thank you!

[redline1189]

Good for everybody on wall street, any body on main street doesn't give a shit!! COLLAPSE COMING then we can celebrate, maybe about politicians and bankers hanging from trees!!!

[ScottcNehrer]

Can't this market rally just be a result of inflation? Also with the dollar going down so much, Is it even much of a rally?

[endlessmountain]

bingo bango.

[ScottcNehrer]

What do you think about the DOW to GOLD ration? Will it continue it's downward trend if the DOW keeps going up? Could the rising Dow trigger gold to break out even quicker?

[Frequencitee]

I'm celebrating big-time. DOW 10K. recession over.

Tomorrow morning I'm going to make a pot of coffee, enjoy a piece of fresh fruit, press my clothes, polish my shoes and get ready...because I'm gonna be "smilin', stylin' and profilin' ...dressed to kill" in that long line at the food bank.

Not only that, I think I've collected enough aluminum cans to buy that Sunday newspaper I've been saving up for.

I can't wait till we win the war on terror, and there's no more terror.

[Frequencitee]

All jokes aside...Fib has the DOW at 10333. Psychological at 10K.

What say you?  Retracement or a new high at 10333?

[endlessmountain]

thats around the high i predicted for 2009 at the start of the year. The low i predicted correctly, but the times they would happen were wrong.