Solid Day for Stocks, In Spite of Dreary Decline from the Outset

If you weren’t long on Friday, you had zero opportunities to make money today — mostly. Stocks shot out the gates, like a bitch, higher by 150 — only to slowly drop lower, finally closing the session up 88.

In spite of all that, it was a broadly loved day, with upwards of 70% of stocks trading higher — highlighted by Mylan’s slap on the wrist and subsequent rifling higher of its shares.

Today, in a very dignified and staid demonstration, markets celebrated the status quo, the indelible cacophony of globalism and all of its waste and ruin. The campaign of a certain D.J. Trump is in shambles, lowlighted by a late minute scramble by many of his high level GOP ‘allies.‘ Even still, there’s always hope and prayer that one day soon, Hillary Clinton might become overwhelmed by the strobe lights, the rapid succession of flashing lights off of reporter cameras, causing her to succumb to a great seize — off a stage– and into a river, to drift with energy, towards a mountain. At which point, lions will descend upon her and welcome the Maddam secretary to their mountain resort.

They will feast and have great enjoyment and all will be right in the world.

Happily ever after.

Most of my advisor friends are conservative, but they’re also greedy pigs who only think about themselves. As such, many of them want H. Clinton to get elected. Before you flip out on a rant, understand that most people just want to do blow, drink a few gallons of wine, and unwind on a nude beach in Greece. The idea of a Trump presidency is a headache for people who have much to lose.

My populist bend has more to do with growing up inside of the sewers of Brooklyn, before it was gentrified into a hipster haven, than anything else that might’ve swayed me over the past year.

For a long time, I wanted the status quo. I thought it was good for me because stocks went up and I made a living from their appreciation. But in 2014, I started to view things differently. I saw the corrupt nature of what the Fed was doing as unnatural. On top of that, companies were missing earnings by wide margins and macro trends started to really point lower — yet stocks continued to edge higher.

I think the Yellen Fed and their feckless and asinine approach to monetary policy, with all of their fucking speeches and lies, put me over the top — John Rambo style.

But in the event Hillary gets elected, I won’t lament over it, not even for a second. My approach to most things in life is to expect the very worst, making favorable outcomes nothing but upside surprises. I realize that’s a very gloomy way to wade through life; but it has worked for me thus far and I’ve used this cognitive dissonance with great success — steadying an otherwise volatile and unpredictable vessel.

Should Clinton win, and based upon today’s polls it’s looking like the probable outcome, I anticipate Yellen will remain at the Fed. Monetary policy will remain static, healthcare reform will be increased, this time aiming at profit margins for big pharma in order to help out the struggling Obamacare. Our foreign policy will surround itself around a neocon agenda, targeting Russia as our biggest enemy.

In other words, more of the same.

Growth will be moribund and multi nationals will do well. Stocks will rise and the debt burden will expand.

Maybe it’s a good thing, although I doubt it. Banks will rise and solar will get hammered. Most people would think solar would do well under Clinton. But you’d be forgetting the fact that she’s owned by Saudi Arabia. Either way, as market participants, it’s important that we figure out how to prepare for Clinton and the easiest path towards making money.

The election season has been very distracting, and fun, if I’m being honest. Bear in mind, a Clinton win might already be baked into the market. Big money has never taken Trump seriously, so you may not get any immediate upside upon her election.

It’s time to do something different, according to the Saudi oil minister. Unlike 2014, which really sucked for oil, things are different now. As such, he’d like for you to pay him moar for oil. But don’t worry, the House of Saud is a benevolent and graceful monarch and will be ‘gentle’ in their approach to financially raping you.

Perhaps only $100 per barrel will suffice?

OPEC needs to make sure we don’t crimp too tightly and create a shock to the market. We are going to be very responsible,” Falih said.

“Prices have dropped too low and that has impacted investment. Many companies and countries are hurting… we don’t want to give the market the wrong signal and shock the market’s prices,” he said.

“It is time to do something different than we faced in 2014. It is a very gentle hand on the wheel, we are not doing anything dramatic,” Falih said. “The difference is that the market forces have shifted significantly between 2014 and now.”

Citing Novak, Russia’s energy ministry said on Friday it expected an output freeze deal could be reached before the OPEC meeting on Nov. 30..

Falih said Saudi would be prepared to deal with whatever price may emerge.

“We have economic and fiscal plans to deal with very low (price) scenarios and moderate price scenarios,” he said.

In regards to their fiscal plans to deal with low crude prices, does it include a crashing stock market and major declines in their banks?

Everything is rigged, for the betterment of mankind of course. The small plebs need decisions made for them, otherwise they’d make errors and muck things up.

WTI is soaring.

If you’re wondering why markets are up 150, look no further than the recent poll out of Rasmussen, showing Clinton’s lead exploding to the upside — now +7 — her largest lead to date.

Rasmussen Reports’ latest national telephone and online survey of Likely U.S. Voters finds that Democrat Hillary Clinton has now jumped out to a seven-point lead – 45% to 38% – over Trump. On Friday, the two were in a virtual tie – Clinton 43%, Trump 42%

As such, markets are soaring and our benevolent bankers at Goldman are appreciating in kind.

Whoever made those sweet Goldman option trades on Friday are making a small killing today.

The coronation of Hillary has begun. Let us all rejoice in her magnanimous depravity and behold the glory of the oligarch and also embrace the pending completion of the gutting of America.

Fifty has been a hard line in the sand for crude. With today’s comments by Putin out of the World Energy Comgress in Istanbul, indicating a willingness by Russia to scheme with OPEC to rig prices, I expect a major squeeze will take place, up until the point where the actual production data proves these serial liars to be nothing more than pump artists.

via AFP

“In the current situation, we believe a freeze or a cutting of the production of oil is the only way preserve the stability of the energy sector and accelerate a rebalancing of the market,” he said at the World Energy Congress in Istanbul.

“Russia is prepared to join joint measures limiting production and calls on other exporting countries to do the same,” he added.

He expressed hope this would lead to a concrete agreement at a November OPEC meeting and that this idea would be a “positive signal to the market and investors”.

I wouldn’t be surprised to learn that cooperation with OPEC was somehow tied to Saudi cooperation in Syria.

I guess those rumors being vetted by CNBC all turned out to be fairy tales. I’m noticing a pattern here.

The stock is getting clown slapped for another 13% after reports indicate that no one wants to buy this piece of shit company, no matter how many times D. Trump uses it to become President of the United States. If you think about it, it’s astonishing how inept @Jack is, with regard to not being able to monetize this incredibly powerful news tool.

Fox Business reporter, C. Gasparino took to the platform this morning to ridicule his former employer, CNBC, regarding their poor sourcing of the Twitter takeover story.

$twtr is crashing notwithstanding the "outstanding" reporting by @cnbc remember my call: when the bidders dont appear this cld be a $15 stk

— Charles Gasparino (@CGasparino) October 10, 2016

The entire move higher is being rescinded. I’d expect the stock to bottom around $15.

Over the past year, the Saudi index is off by 28%. In recent days, we’ve seen a deleterious decline in the Tadawul — led lower by the banking sector — which dominates the Saudi market.

Oil and banks, nothing more.

I thought it was rather one sided. How about you? To that end, it only helps Trump appear to be the underdog. America loves an underdog and the bias in the media only helps Trump.

Triggered. The animals in the zoo are restless tonight, after expecting a knock out blow by sick Hillary.

Indeud.

Long live Harambe Trump.

"He was like a Silverback Gorilla" @Nigel_Farage says Donald Trump "dominated" Hillary Clinton in the second #debate https://t.co/GHcTX0XmeW

— Sky News (@SkyNews) October 10, 2016