Washington's Paper Tigers Just Do It and Churn

You've got to be kidding, right?

This non-market, completely underpinned by the $1.02 Trillion annual Bernanke Put, despite the usual theatrics from Washington's paper tigers who can stand around, do nothing, occasionally take to a podium to swear at the other side and eventually cave in to their bankster bosses, still hasn't made new highs.

Sad, really, even as Nike led all indices higher today, especially the Dow, now a worthless contraption engineered to be a perpetual motion machine. If the Dow doesn't go up, they'll just kick out the losers and put in a couple of winners, keeping everybody indexed and happy as clams.

The government isn't going to shut down, nor is it not going to raise the debt ceiling.

Relax. Buy stocks. You will thank Money Daily in December, just before you relinquish 20-40% of your gains to the government. That's how it works, and, if it doesn't, the government will fine you, a la JP Morgan or maybe some Japanese auto parts makers. Fines are the new tax because most intelligent people have already figured out how not to pay ordinary taxes.

Peace.

Dow 15,328.30, +55.04 (0.36%)
Nasdaq 3,787.43, +26.33 (0.70%)
S&P 500 1,698.67, +5.90 (0.35%)
10-Yr Bond 2.64%, +0.03
NYSE Volume 3,008,154,250.00
Nasdaq Volume 1,755,595,375
Combined NYSE & NASDAQ Advance - Decline: 3943-2527
Combined NYSE & NASDAQ New highs - New lows: 256-38
WTI crude oil: 103.03, +0.37
Gold: 1,324.10, -12.10
Silver: 21.77, -0.12