The Dow And The SP 500 Soar To Brand New All-Time Record Highs How Is This Possible?By Michael Snyder Of course I never imagined we would be talking about new record highs for the stock market in mid-July 2016. We have seen some crazy ups and downs for the financial markets over the last 12 months, and the downs were pretty severe. Last August, we witnessed the greatest financial shaking since the historic financial crisis of 2008, and that was followed by an even worse shaking in January and February. Then in June everyone was concerned that the surprising result of the Brexit vote would cause global markets to tank, and that did happen briefly, but since then we have seen an unprecedented rally. So what is causing this sudden surge? Well get to that in a moment, but first lets review some of the numbers from Tuesday. The followingcomes from USA Today All three major indexes gained 0.7% apiece, as the Dow jumped 121 points toa new all-time closing high and the SP 500 built upon its record close notched Monday. The blue chips now stand at 18,347.67, about 35 points above the previous record set May 19, 2015. The new mark for the SP 500 is 2,152.14, a 15-point improvement on its Monday close. Overall, we have seen stocks shoot up more than eight percent over the last two weeks. Normally, a rise of 10 percent for an entire yearis considered to be quite healthy Interior Minister Theresa May is set to become the U.K.s prime minister on Wednesday. Stock markets across the globe have risen sharply, after a steep sell-off, following the United Kingdoms decision to leave the European Union. In the past two weeks, post Brexit, the SP 500 has vaulted over 8 percent, said Adam Sarhan, CEO at Sarhan Capital. Typically, a 10 percent move for the entire year is considered normal. What makes all of this even stranger is the fact that investors have been pulling money out of stocks as if it was 2008 all over again. In fact, Zero Hedge tells us that on balance investors have been taking money out of equity funds for 17 weeks in a row. So why are stocks still going up? If your guess is central bank intervention, you are right on the nose. Across the Pacific, the Bank of Japan has been voraciously gobbling up assets, and the architect of Abenomics just wona major electoral victory which has fueled a huge market rally over there Meanwhile, in Japan, Prime Minister Shinzo Abe ordered new stimulus after his coalition won an election in Japans upper chamber by a landslide. Japans Nikkei 225 rose nearly 2.5 percent overnight, while the yen erased all of its post-Brexit gains against the dollar. In the short term, I think its going to help, but in the long term, well see, said JJ Kinahan, chief strategist at TD Ameritrade. I feel like a lot of people are getting themselves into situations that they cant get out of. In Europe, the ECB has feverishly been pumping money into the financial system, and the result of the Brexit vote seems to have lit a renewed fire under the central bankers in Europe. Collectively, intervention by the Japanese and the Europeans has created a surge in net global central bank asset purchases to their highest since 2013 Fast forward six months when Matt King reports that many clients have been asking for an update of our usual central bank liquidity metrics. What the update reveals is a surge in net global central bank asset purchases to their highest since 2013. And just like that the mystery of who has been buying stocks as everyone else has been selling has been revealed. So now you know the rest of the story. The economic fundamentals have not changed. China is still slowing down. Japan is still mired in a multi-year economic crisis. Much of Europe is still dealing with a full-blown banking crisis. Much of South America is still experiencing a full-blown depression. Here in the United States, just about every indicator that you can think of says that the economy is slowing down. If you doubt this, please see my previous article entitled 15 Facts About The Imploding U.S. Economy That The Mainstream Media Doesnt Want You To See. The artificially-induced rally that we are witnessing right now can be compared to a last gasp of a dying patient. But my hope is that this last gasp can last for as long as possible. Because as much as I warn people about it, I am not actually eager to see what comes next. The economic and financial suffering that are coming are inevitable, but they are not going to be pleasant for any of us. So let us all hope that we still have a little bit more time before the party is over and it is time to turn out the lights. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. The Elite Scum want Suckers to dump their Metal for Stock, while they buy up the Sold Metal. Then BAM, the bottom falls out and the Suckers Loose everything, while the Metal Sky Rockets, the Elite Scum will sell the Metal High(vary healthy profit) and buy up all the Stocks for pennies on the Dollar! Your correct Keep in mind that the market is measured in FRNs instead of something value based. With the mass printing of FRNs and the dilution of their value, the market highs are just an inflated illusion. Just my 4c worth. 