Wall Street's bubble just keeps on going, Dow getting close to 20,000

Wall Street keeps on going and the Dow closed within eye shot of the 20,000 psychological level on the last day before the awaited FOMC decision tomorrow.

The Dow Jones Industrial Average was closing at another high for the seventh session in a row and, despite the market that is pricing in a 100% chance of a Fed hike, but for now that market is seeing this as a positive and stocks are rallying, gold tanking and the dollar robust and tipped to move even higher as rates continue to rise while there continues to be a shortage of dollars in the offshore financial system. Investors are also buying into Trump's proposed policies that have promised to deregulate business, offer corporate tax breaks and fiscal spending, all of which are pro business and hence the bubble just gets bigger on Wall Street.

US dollar index steady around 101.00 ahead of FOMC decision

The Dow rallied 114.78 points, or 0.6%, to end at 19,911.21 after touching an intraday high of 19,953.75. The S&P 500 index rose 14.76 points, or 0.7%, to close at 2,271.72, with nine of the index's 11 sectors in positive territory. Lastly, the Nasdaq Composite Index addedon 51.29 points, or 1%, to finish at 5,463.83. Both the S&P 500 and Nasdaq ended at record levels with the large-cap index hitting its 18th closing high.

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