THE FRAUD IS COMPLETE: Dow Closes Exactly At 17,500

Wowsers! Those agents of the Federal Reserve really know how to put markets in a fix of a fix of a fix.

Best to ignore them, if one knows what's good for oneself, because they are pernicious, pecuniary, petty imbeciles who share a false belief that they can control all markets.

And there's the rub. They do. They can. Governments allow them, or, rather, governments are bought and sold by them.

Current economics more resembles a Kafka-esque dystopian parallel universe or perhaps the totalitarian nightmare of George Orwell's 1984 (you'll have to look that one up for yourself, grasshopper), than orderly markets relying on simple supply and demand dictates.

It is one thing to complain. Another would be to change.

More to follow...

On the day:
S&P 500: 2,052.32, +12.28 (0.60%)
Dow: 17,500.94, +65.54 (0.38%)
NASDAQ: 4,769.56, +57.03 (1.21%)

For the Week:
Dow: -34.38 (-0.20%)
S&P 500: +5.71 (0.28%)
NASDAQ: +51.88 (1.10%)

Shocking!

Crude Oil 48.26 -0.84% Gold 1,252.40 -0.19% EUR/USD 1.1221 -0.01% 10-Yr Bond 1.8490 +0.22% Corn 393.50 +0.90% Copper 2.06 -0.29% Silver 16.53 +0.25% Natural Gas 2.06 +0.93% Russell 2000 1,112.28 +1.60% VIX 15.20 -6.92% BATS 1000 20,677.17 0.00% GBP/USD 1.4509 +0.06% USD/JPY 110.14 0.00%