2 votes

Both the Dow Jones Industrial Average and Bitcoin topped out on November 29, 2013

It is very interesting that both virtual currencies, Dow Jones Industrial Average(US Stock Market) and Bitcoin, topped out on November 29, 2013.

I'm not saying that this is the top of the markets, I'm saying the Dow(US Stock Market) is Bitcoin for the Super Rich. I'm saying that they are both are now correlated.

Both are being valued as a way of protecting wealth from bail-ins.

Therefore, as goes the Dow, so goes Bitcoin.

Is the Dow Jones Industrial Average in a bubble? Your answer may correlate to Bitcoin.

What do you think?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

The Fed took a big dollar dump that day...

the dollars had to go somewhere.

9-11 was a panda job.

They are displacing fiat in the coming fed res. pol. bus. cycle

in 15 years the DJIA will have to be replaced by a commercial system that requires P2P pmt money systems so my question is how are they going to monopolize the new monetization scheme?

Whether you think you can or you can't, you're right. -Henry Ford

Every con has a mark.

Ron Paul suggests that gold and silver are historical money. Five thousand years and millions of trades.

http://pricedingold.com/

Alternate evaluations factor out $FRN. Paints a different picture. Avoid becoming a mark.

Free includes debt-free!

physical gold and silver is money for local economies

but what about the new world of global internet and systemic money requiring more currency functions than physical stores of wealth? point being I foresee gold and silver as the future of tangible money for local exchanges, but the world wide web will require intangible money free from intermediating by banks... that being said as the new age economy contracts silver and gold will be purposed, and as it protracts P2P systems will channel out commerce.

The online society is growing, physical silver can not monetize such commerce.

Whether you think you can or you can't, you're right. -Henry Ford

Competing currencies, including gold and silver under attack.

Crypto-currencies do provide a reusable, inter-continental, secure means of exchange.

Kurrency killers keep working to increase volatility.

All the while increasing the $fiat currency supply, 7% every year for 100 years. Boiling us frogs.

However, this attempt to control exchange costs the central controllers time and money.

When the cost of control exceeds profits, investors will evaporate. There is no profit in theft or slavery, in the long run.

Competing currencies will prevail, because the controllers have an agenda to steal and enslave.

Congress won't help. In 220 years they haven't.

Free includes debt-free!

Year-over-year it seems....

that the markets make a run in late fall, then the big profit-taking sell-off comes just before the institutional guys take off for the Hamptons for Hanukkah, buying all the expensive crap that Consumer Reports tells them to buy. Same story every year...just follow the trend, don't ask why, and make money...you're either "on the train" or you're standing on the platform watching.

------------------
BC
Silence isn't always golden....sometimes it's yellow.

"The liberties of a people never were, nor ever will be, secure, when the transactions of their rulers may be concealed from them." - Patrick Henry

i noticed that correlation...

I noticed that correlation...and how they keep trying to tie the PM markets to the Dow as well. if the Dow starts to slip, they slam gold and silver lower.

too many different games being run simultaneously... they'll lose control over one or more markets in the near future.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

So many errors in such a short post.

1) A stock index is not a virtual currency.
2) The DJIA is far from being a good measure for US stock market as it includes only 30 of the largest, oldest companies and it is price weighted instead of cap weighted as other indices are. Why is a price move in IBM worth 10 times a price move in BOA?
3) I highly doubt that these two things are closely correlated.

the machine wants you to think they're related

the propaganda networks don't cover the Russell... and the Dow may as well be a virtual currency. it's fake wealth based on how much new fake money is created out of thin air and pumped into the markets... exactly like bitcoin, just that more people believe in it.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

Interesting,

The Russell 2000 also topped out on November 29, 2013.