I’ve been spending my day ripping trees out of my yard with my bare-fucking-hands. I imagine the root to be the necks of the person(s) who plague me and I find Skeletor-like strength to uproot it and throw that shit like a javelin (no Lamar) into my adjacent woods.
Nothing is working, consistently. If you insist on buying something, go with AAPL, AMCX or SAM.
Biotech has been great; but God save us if risk appetite is removed from that sector. Those stocks can collectively fall by 70% and still be pricey.
Aluminum stocks are pricing in calamity. CENX is trading at 2008 crisis valuations, as well as FCX (Dr. Copper). Who can trust anything?
I am not going to go headlong into the commodity sector, against the gravitational pull of debilitating deflation.
One stock that offers interesting risk/reward here is SBNY aka “Best bank in America.” All the banks have been hit due to a tightening yield curve. But this is a seasonal thing. Yields always drop in August. If you were a fucking member of Exodus, you’d know this. Nevertheless, and it goes without saying, if TLT drops in September and rates begin to rise again, SBNY will be back to $160.
Market is flat, with a shade of weakness. Are you buying into this melancholy or planning your day to completely ignore the market? I know what I’m doing.
Fuck this market and everyone in it. The market is a serial liar, pervert breaking in through windows raping people.
To actively invest right now is equal to being an accomplice to such a perverted person. You might as well help him break the windows, you disgusting malcontents.
In other news, CYBR is up nicely; but gold is down. I had a feeling gold would trade off. In Exodus, I pointed out how extended the sector was, based off our predictive hybrid score charts. I didn’t sell because I like how it has traded, counter trend to the market.
Don’t expect anything grandiose today. If anything, expect a resumption of the pain you felt yesterday morning. To be clear: I am not constructive, whatsoever, on this tape. As a matter of fact, I hope and pray to the gods, both old and new, that is gets poleaxed and dismantled.
I am a little late to opine on Google’s moronic conversion into a company called “alphabet” because, frankly, it was too much for me to handle, with the markets in turmoil and all. Now that I’ve had time to mull it over, if you will, I am ready to offer my objective, completely unbiased, opinion.
For years, those maniacs, Larry and Serg (sp?, who gives a fuck?) have ventured off plantation to invest in pie in the sky ideas. Their core business, search, is now being threatened on multiple fronts and growth has slowed. Youtube is also under pressure; and quite frankly, GOOG hasn’t been a good investment for a long time.
UNTIL NOW!!!!
The good folks at GOOG have given up on their core business and instead have opted to take shareholder dollars and toss them idly into flaming barrels of garbage.
I do not jest.
First of all, a child created their new company page, straight out of the Sesame Street marketing book. Fucking Cookie Monster and shit.
What will this new company do?
Invest in crazy, batshit, hipster ideas, such as:
Calico (immortality and shit)
Boston Dynamics: (fucking robots that fuck)
Capital: (Google’s money burning arm)
Dumb ass self driving cars
Fiber: (space aged internet, son. Eric Schmidt even went out of his way to confirm that Fiber was in fact a “real business.” They will increase our internet speeds by 1,000x)
Life Sciences: (contact lenses with chips in them that will monitor glucose levels and shit, for persons with diabetes. No word on whether they will connect with local police forces to immediately blind persons who are wanted for crimes.)
Aside from all of these wonderful ideas, I propose they take a serious look at the following concepts.
– Traveling to Uranus, because it’s cool
– Curing cancer and also Tourettes syndrome
– Investing in Orbital Space Cannons (OSC) to be used for offensive purposes only
– Homes made from recycled water bottles and pepsi cans
– Robo-brokers, literally robots who are also brokers
– Invisibility cloaks (for persons who simply do not want to be seen (No bank robbers or rapists need apply)
– Clean energy harnessed from the fucking core of the planet (what could go wrong?)
On this news, the stock ripped higher, adding another $27 billion in market cap that could one day be used by Larry and Serg (the fuck?) to feed into their bionic alligator robotic arm and ass ideas.
Have you people lost your fucking minds? Oh, that’s right, you have.
Concerned? It doesn’t matter, since the dick-grabbers at GOOGL made sure your big fat stupid mouths remained shut, when they split the stock, raping GOOG shareholders of all voting rights.
Maybe these two clowns are the next Warren Buffett and Charlie Munger? Or, maybe they’re just fucking nuts?
Go ahead, barrel into your favorite Chinese flavored securities. The market has reversed from the depths of hell and have begun the process of kicking short sellers into active volcanos. There is a reason why I opt for cash over short sales. Today is a perfect example of not being able to trust a continued downside in the indices. The market was made to win. Set backs are always temporary. Sometimes temporary is fifty years, other times 50 minutes.
The point: just because we’ve rallied off the lows doesn’t mean we won’t fall into the crevasse tomorrow morning and sever an arm or two. I’d be reticent about exuding too much confidence here– but also refrain from selling short.
Frankly, selling stocks short is a game designed specifically for invalids and chimerical booze hounds.
An entirely plausible scenario is setting up to trick, trap and decapitate you.
By now you should have ample cash reserves. Your baser instincts will lure you back into the fold in order to buy seemingly “cheap wares.” At the first sight of strength, you will be tempted to pounce onto the market and dry hump it.
HOLD YOUR GROUND LADS!
Be content with making some money with some of the exposure you have left, as opposed to making all of the money with a spastically fantastical retarded 100% long equity exposure. 2015 has been a year of false starts. Even if we get a bounce today, who’s to say those mongrels from the far reaches of the world will not devalue their currency yet again, tomorrow? Neither you or I can predict the future, only Exodus can do that.
The summer slumber continues. Snore through August and light fire under your employees asses in September. I’ll be keeping my cash and will not reallocate until I am good and ready. This market is broken, for the time being. Therefore, all rallies must be viewed with a cynical eye.
China did it again, devalued their currency for pleasure, instead of necessity. But I don’t need to tell any of you about that. By now, you’re all experts.
Stocks are toilet bowling lower and the black flag is hoisted above Wall Street. Evil days have fallen upon us. You’re all worn out, withered and worried about the future.
A great man once said “there is no tomorrow.”
INDEUD
On the menu for today’s lunch is margin with a side order of call. You’re gonna love it.
By the way, gold is spring loading higher, validating the August seasonality magic that repeats itself on an annual basis.
When do we nibble?
I entreat you to be patient. Give the market some time to clear out and of course let Exodus be your friend.
One of you bedlamites had the audacity to quiz me as to how I could be so bearish today when I was exceedingly bullish yesterday. To answer this, I will present you with a scenario.
Imagine yourself a good upstanding citizen in a fine neighborhood. You talked to your friend Gladys just yesterday about how swell of a neighborhood it was, replete with the finest amenities money and position had to offer. You venture off from a late night nosh, alone, strolling near the park, amidst a view that has attracted the finest citizens this country has to offer, and has been doing so for the past 150 years.
Out of nowhere a man with a gorilla mask pops out from the trees and smashes you over the head with a large stick. He then takes your purse and leaves you with a stab wound from rump to stump. Well, that’s what China did to us last night and I don’t think I live in a nice neighborhood anymore.
The darkest horizon ever approaches, infused with Chinese black coal. It threatens to engross you in its rapture and reduce your life savings into saw dust. A confluence of significant events are converging, stemming from the disruption in the energy markets and ending in Beijing. Things are heating up in the Ukraine again and Obama has big ears and a small penis.
I’d like to tell you “everything is going to all right.” But it’s not. Many of you will lose fortunes, if you haven’t already. Donald “hair piece” Trump threatens to seize the presidency under the banner of declaring war on China and grape raping them into submission. These are not the days to be lax. You should be cautious.
We are living through the best days ever, with regard to scientific innovation and technological know-how. Then again, the 1930’s represented an era of rapid societal advancement, hamstrung by a mind-fuck of epic proportions. Once the confidence goes, all is lost.
Let’s review the cogs of this market.
Retail: dead
Energy: dead
Apple: Tianneman Squared
Semis: dying
Coal: bankrupt
banks: good
homies: milquetoast
industrials: fucked
REITs: milquetoast
Caveat: Idea flow will remain a priority for me and I fully intend to trade the ranges. Even during the worst markets, there are pockets of jubilation. Moreover, there could be a shift in sentiment that causes me to revisit this dire outlook. But, for now, I remain statuesque in my opinion that the lot of you are entirely fucked, chopped meat, flattened out and grilled–ready to be eaten by celestials with really bad teeth.
It’s over. I sold out of some of my CYBR position ahead of earnings tonight. Odds are they will smoke earnings and the stock might rebound from today’s drubbing. Nonetheless, my risk appetite is zilch. I’ve decided to French up my portfolio, surrender it to the Chinese winds of depravity.
Get your affairs in order. Things are going to get a lot worse before they get better.
It’s mostly going into cash. But I also doubled the size of my GG position, which should end up being my largest equity holding by the end of the session.
I had some time to think about all of these “convergences of depravity.” The singular thing that has held together this house of cards was the Federal Reserve and the specter of grandiose growth out of China. Well, the Fed is threatening to raise rates and China is in full blown panic mode, a la Thai crisis of 1998.
This is what I am going to do and have been doing for the past hour.
I am getting the fuck of Dodge. This tape is tenuous and teetering on the brink of a full blown rout. There isn’t anything you can do or say to change my mind. There isn’t anyway to paper over this shit, as the mongrels from China drive their shitty cars into American walls made from granite. We are going to sell their stocks, and any stock that has exposure to China, until it is in the dirt, swimming with the worms.
