Just four weeks since The Dow crossed 22,000…but thanks to Goldman, Boeing, Caterpillar, 3M, and JPMorgan (accounting for over 500 Dow points), the mainstream media’s favorite index just topped 23,000 for the first time ever…

With the Top 6 names driving 50% of the index’s move…

However, it seems options traders ain’t buying it…

If everything’s so awesome… why are investors buying Dow protection with both hands and feet?

As retail piles in, so professoinals are hedging to extremes.

Finally – for good measure – ‘Industrial’ Production remains well below 2014 highs… but the ‘Industrial’ Average is soaring…