DOW closes over 14,000

The DJIA closes over 14,000 today, without one bit of fundamental info to support such a valuation.

Looks like the inflation monster is finally taking the field.  With 97$ crude oil, the DOW rally up to 14000 and the dollar index (DX) testing last year's low value area around 79 even, there is little doubt now which direction we are heading.

Everybody has been calling for a financial collapse in the US for nearly 5 years now, and I hate sounding like those doomsday hermit crabs.....but facts are facts, and the inflation/hyperinflation scenario is setting up for the near future. 

Currently, it looks like 2013 is the year that inflation takes hold, the FED raises the prime interest rates in response, and we see a further tightening on commercial lending.....and a basic end to any real wealth creation that may be occurring. 

Congrats to everbody whom went long after the 2008 sell-off of the DOW.  I remember reading a few guys on here that bought hard around 7000ish in attempt to guess a bottom....hope they stayed in to reap the rewards. 

For the rest of us, this is a tough scenario.  Better find a few good prop bets for Sunday's big game. 

I am not sure I have talked to a genuine Bull on anything since the housing debacle.

Unemployment is high.....not many have any equity left in their homes. That is my biggest question; Where is all of the buying coming from?? Who is buying into the US economy right now?

The answer is no one from the US....I guess I could believe that the banking and  Chinese interests  are propping up the market as a way to protect themselves from losing on the potential default on government T-bonds.....but the inflation scenario is a more probable culprit in my opinion.

Are there any real "bulls" out there? Is anybody willing to go long at this point?

And you may very well be correct. The DJIA could easily climb to 15000 and above.  My point is that the fundamentals are not there to encourage anyone that long-term economic growth in the US is a remote possibility.

In my humble opinion this is a paper rally...when the flow of new paper from the FED stops, then the rally is over. The resulting selloff will be quick and large.

That being said, no reason not to capitalize on your view of the market.

I am curious though, what is your rationale for being long from 14000?  Is it fundamental in nature, or do you believe that we have enough upward momentum to hit a 15000 or so?

Not being arguementative here, just curious.  Best of luck with your trades.

Rookie market call amd low blow of the year award winning comment. Wow.

same ride the last handful of yrs. 1st q profits strong like bull. generates entire yearly gains. then the rest of the yr is spent going up and down until resting where the 1st q ended...

gas has been the same since 07 basicly. just fluctuates back and forth during the same time periods of the yr. mentally im just still at $4 a gallon avg. everything below that mark is just a blessing.

Scal:

ANY raise in the interest rate by the FED will send a big message to everyone whom is listening...once rates begin to rise they do not retreat in short order, and this summer the FED could easily move to tighten up monetary policy for the US in an attempt to look fiscally responsible to the international community (creditors). 

That is some bad news for anyone running a small business or risking capital in a speculative venture.  These are the people that are being targeted for extinction in the current economic landscape.

I do agree that the wages, in concert with buying power decrease, are going to hammer the working class.

Dow will be over 20,000 by the time Obama is out of office and unemployment will be around 6%.