SPX S&P 500 1-Minute Chart; SPX PRINTS 2,500 FIRST TIME IN HISTORY

The S&P 500 prints 2500 for the first time in history during the last minute of trading on Friday 9/15/17. The SPX all-time closing high and all-time record high are 2500.23. Price closed at the high. All Hail the Federal Reserve and other central bankers! Kneel and Praise them! Sound the Seven trumpets! Worship the modern-day money-changers in charge of the monetary Temple!

The global central bankers continue colluding to keep the stock markets pumped higher to reward the wealthy. The power of the Federal Reserve (Fed), European Central Bank (ECB) and Bank of Japan (BOJ) is truly astounding as well as others such as the BOE in the UK and PBOC in China. The central bankers are the market. If you do not understand this fact after 8-1/2 years of out-of-control Keynesian you are simply not paying attention.

The unholy near-nine years of easy money accommodation by the Fed and its partners in crime such as the ECB and BOJ, that only serve to make the wealthy more filthy rich, is so obscene that even Caligula would blush.

The world is awash in liquidity. The dollars, euros and yen have go somewhere so all asset classes including stocks, bonds, art, collectibles, real estate and antique cars, are bid wildly higher week after week. The party continues as long as global market participants maintain their full faith and confidence in the central bankers. When that credibility takes a hit, the end game begins. For now, the band is playing "Happy Days Are Here Again."

Since the SPX 2500 milestone occurs in the final minute before a weekend there were not many traders donning  "SPX 2,500" hats or celebrating. There are two schools of thought with S&P 2,500. The market bulls say the lack of euphoria over the milestone indicates that stocks have a long way to go on the upside. Bulls say that stock market rallies only end when the public is all-in and the euphoria and giddiness is at record levels and we are nowhere near that now. Therefore, the party continues indefinitely.

The market bears say the lack of enthusiasm for the SPX 2500 print is because it occurred right before the weekend when traders are focused on sipping cold beverages. Bears say the lack of enthusiasm for SPX 2500 also proves how it is a given that market participants expect higher record stock prices. Dow 23K, 24K and SPX 2600 are expected. The central bankers have pumped equities higher for nearly nine years and the belief is that no matter what happens domestically or internationally, it all can be fixed by the Fed and other central bankers printing money. This behavior is a case for complacency.

The VIX fell to 10.00 the tiniest hair from a 9-handle on Friday (one penny) proving the fearlessness in markets (but low volatility can remain for a long time). The CPC and CPCE put/calls continue printing low numbers, although the data is becoming more erratic, indicating complacency. The NYMO remains elevated consistent at where tops occur in the near-term.

When market participants are not concerned about major milestones such as SPX 2500 and Dow 22K printing, that hints more of complacency and a belief that markets will never go down since central bankers always step in to save the day. Are the bulls correct or the bears going forward? This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.