July 3, 2014.

Dow Tops 17000, Investors See More Room for Bull Run

O’Brien silenced him by a movement of his hand. "We control matter because we control the mind. Reality is inside the skull. You will learn by degrees, Winston. There is nothing that we could not do. Invisibility, levitation----anything. I could float off this floor like a soap bubble if I wish to. I do not wish to, because the Party does not wish it. You must get rid of those nineteenth-century ideas about the laws of Nature. We make the laws of Nature."

Strong news on the U.S. economy pushed the Dow Jones Industrial Average above 17000 for the first time Thursday, bolstering the belief among investors that the five-year bull market has more room to run.

"But you do not! You are not even masters of this planet. What about Eurasia and Eastasia? You have not conquered them yet."

The Dow's move came just 153 trading sessions since it first closed above 16000 on Nov. 21, 2013, making it be the seventh-fastest 1000-point gain in the blue chip barometer's history. The Dow's advance Thursday leaves the index up 3% for the year, having set 14 record high closes along the way, and up 13.9% from a year ago.

"Unimportant. We shall conquer them when it suits us. And if we did not, what difference would it make? We can shut them out of existence. Oceania is the world."

The jump above 17000 was spurred by a report from the Bureau of Labor Statistics showing U.S. employers added 288,000 jobs in June, well above the 215,000 expected by economists.