Morgan Stanely: Fuck Goldman; Board the Ark

Morgan Stanley is out supporting the purchase of treasuries, aka “the ark”, amidst widespread fuckery taking place inside of every major central bank in the world. The arch-devils at Goldman are taking an opposing view, most likely because they’re trying to trick people into trades and then bet against them to meet their quarterly scam goals.

The Morgan call isn’t exactly revolutionary, all things considered. Bonds are, by far, outperforming stocks by 10% this year. They’re merely taking the side of continued momentum, unlike some people (cough) who called for a bond rally before the year started.

“The year started with a bullish tone, and we think that tone is reasserting itself now,” Morgan Stanley analysts including Matthew Hornbach, the head of global interest-rate strategy in New York, wrote in a June 10 report. The Fed will probably make the case for a gradual, cautious approach to raising interest rates, and the BOJ will likely ease monetary policy, according to the report.

Goldman Sachs strategist Francesco Garzarelli warned his clients that U.S. Treasury yields may climb “sharply” in the second half of 2016, in a note the same day. The payrolls figure “seems like an outlier” and bond valuations are “very stretched” Garzarelli, who is based in London, wrote.

Goldman being Goldman is like a shark being a shark. You can’t change one’s nature.

This thing is a complete scam, a denizen of perfidy if I’ve ever seen one. But like our election process, the Bitcoin is benefitting from the lesser of two evils: fake fucking digital currency for drug dealers and money launderers vs ponzi scheme national currencies, used for the manipulation of world assets on a scale never seen before.

Choose one.

As such, bitcoin is rifling higher by 3% this evening, stretching 1 year gains to 114%.

The only way to play it, via the stock market, is through GBTC.

The rabid animals who bought Japanese stocks last week are getting rocked tonight. This has nothing to do with the events that transpired in Orlando, FL by the scum and filth of the earth, but instead the abject and continued failure of the Bank of Japan’s efforts to spur inflation via negative rates.

Do a fucking google search for safety deposit box sales in Japan. They’re surging.

The samurais aren’t buying bullshit stocks into an earnings recession, as the NIKKEI slides further into the muck of an onerous year to date correction.

The yen-carry trade continues to unravel. The higher the yen goes versus the dollar, the more pressure applied to institutions who’ve borrowed in yen to buy stocks resonates.

I don’t mean to scare you. I realize I’ve been talking extreme shit since the beginning of 2016. But do all of you realize how fucked everything is? I’ll editorialize for a minute, taking a break from my Walter Cronkite swag. This is a completely fucked scenario. With European and Japanese central banks diving deeper into negative yielding rates, the world sinks into the deflationary vortex. It’s only thanks to the grace of God that markets haven’t dislocated and ripped out from the fucking sockets yet, with all things considered. I find nothing, zero, redeemable about a market where all of the major market participants are saddled with  outrageous sized debts and declining earnings and growth, only buoyed by the explicit manipulation of its assets, via the creation of money by their fucked central banks.

Back to catering to my french martini.

In the past, these events had little to no bearing on markets. It takes a lot more than a terrorist attack to scare Americans out of their stocks. Like guns, it would take death to separate most Americans from their stocks.

Gold is higher by 0.27%.

Last week I summed up with a warning that we were at overbought levels for several important sectors of the market, namely semis and Asia.

On Friday, I alerted members to a possible oversold condition occurring in the generic drug sector. The oscillator is approaching levels that it has bounced from in the past.

Earlier in the week, I initiated positions in a sundry of gold positions, representing 25% of a $100k account. I try to keep it simple and super transparent for people following my ideas and trades.

We didn’t close oversold. We didn’t close overbought. It was a bad week for stocks, but not horrible. There is a distinct chance that we bounce off Friday’s closing points and vomit up the rest of the week. Truth be told, the future is unclear.

This is one of those blackout periods when trading a lot fucks people. Since everything is in flux, especially after the terror attack in Florida, I would expect more of the same tomorrow, a resumption of the risk off trade into gold and bonds.

With the 50% cash remaining in my account, I intend to allocate it in tranches, upon an Exodus oversold signal, into SPY. We haven’t seen one for a few months, so its been a little quiet.

My gut tells me it’s about to get a lot more colorful around here soon.

Dr. Sheikh Farrokh Sekaleshfar spoke at the Husseini Islamic Center, located on the outskirts of Orlando, back in April of this year.

In the video featured below, the good Dr. very flippantly says a death sentence for gays isn’t something to be embarrassed about and how we must rid ourselves of them now, out of compassion.

This is exactly the sort of 8th century backward thinking that shapes and incites the feeble minded fuckheads, like Omar Mateen, into carrying acts of terror in the name of religion or a perverted distortion of a world view.

This is commonplace in the Middle East, a dark place where goats have more rights than women and gays.

The deranged homophobe, who murdered 50 people in a Floridian club last night, was abusive to his former wife, learned from statements from her father in law and herself.

He’d go home and strike her for not having the laundry done in time, because he was a psychopathic, socially awkward, loser–who lashed out because his moronic vision for the world wasn’t being realized. Plus, he was likely a closet homosexual with erectile dysfunction.

“After three or four months she was abused by him and then we went and picked her up from there,” the ex-wife’s father told the Daily News at a New Jersey home. He asked not to be identified because he feared for the family’s safety.

“We even called cops to pick up her belongings.”

The ex-wife is now living with her fiance in Colorado and has had “nothing to do with” Mateen for years, her father said.

Omar Mateen is the lone suspect in America’s deadliest mass shooting.

Omar Mateen is the lone suspect in America’s deadliest mass shooting.

The former spouse told the Washington Post Mateen was “not a stable person.”

After they met online and married about eight years ago, he repeatedly beat her while they lived together in Florida, she said.

“He beat me. He would just come home and start beating me up because the laundry wasn’t finished or something like that,” said the ex-wife, who also asked not to be identified.

Omar Mir Seddique Mateen, 29, born in America to Afghan parents, walked into a gay club called The Pulse last night and opened fire, killing 50, injuring at least another 50.

He was from Port St. Lucie, Florida, a registered democrat, and was believed to have been married and lived in this house below.

There are varying theories about his motives, stemming from possible Islamic ties to extremist groups in the Middle East to homophobia. It’s being reported that his Father said Omar got very angry when he saw two men kissing in public.

It’s very easy to simply label this an Islamic crazed terrorist attack and it might very well be just that. But this fucker was born and raised here, lived amongst us and shared in our culture. Some will view this as a gun issue, others a terrorist attack on western values, who are welcoming to others regardless of their sexual orientation.

I have a more myopic view on these events, and think humans suck and will disappoint every single time. Watch the news cycle work itself into a frenzy, with political agendas running wild trying to impose their bias on this event. There will be gun control and Islamophobia nuts vying for airtime to share their views on this attack, all the while Americans go about their days sucking on frappacinos, texting on their fucking iPhones.

99% of all Muslims are peaceful and tolerant to western ideals…yadda, yadda, yadda.

This circus makes me sick.

In a last ditch attempt at convincing the freedom loving people in the UK to stay in the oppressively fascist state of the EU, Der Spiegel published this week’s magazine, as a form of beggary, hoping to sway a few votes in their favor. The gist of the matter lies with Greece and the PIGS (Portugal, Italy, Greece and Spain), in regards to their mountainous debt. It is widely feared that if the UK vies for freedom, other nations might get the same idea and break away from the EU. With Germany being the leader of the EU (extra nazi), this bodes poorly for them, as the dissolution of the euro would, indelibly and inexorably, remove their advantage as the manufacturing hub for all of Europe.

Germany has the most to lose. Hence, they beg…like dogs.

In no uncertain terms, it tells British readers “it’s smarter to stay.”

The appeal includes an interview with German Finance Minister Wolfgang Schaeuble on the economic consequences of a British withdrawal, an article on the efforts of a Berlin and London-residing artist to convince Britain to stay, as well as a feature on BMW’s rescue of the iconic Mini as an example of a German-British success story. The issue argued that “Brexit would be a catastrophe for everyone” and went ablaze on Twitter using the hashtag #pleasedontgo.

“We can no longer convince the British to love the EU. It’s too late for that,” Spiegel wrote in the cover story. “But perhaps we should use this opportunity to mention how much the rest of Europe admires them. It’s unbelievable that they don’t seem to see how much they’ve shaped the continent, how much we value them here, how close we Germans feel to them — that too is part of the story.”

The German magazine’s effort to sway British voters comes after policymakers including Federal Reserve Chair Janet Yellen have expressed concern over the possible departure of the U.K. from the European Union following a referendum scheduled for June 23. With less than two weeks to go before the vote, the uncertainty has also spread to financial markets. A poll published late Friday showed the ‘Leave’ campaign taking a 10 percentage-point lead, sending sterling plunging to its lowest since April against the dollar.

Recent polling data suggest a 10 point lead for people opting to leave the EU. This effort has been spearheaded by the boisterous Nigel Farage.

Long ago, before the era of the transgender elite controlling this country, hard men like General Patton traversed America. He wasn’t interested in gender neutral bathrooms or offending people with the colors blue and pink. No, he said ‘fuck you’ to that. He was interested in killing the hun, greasing the treads of his tank with their guts.

The opening monolog is probably the best damn movie speech of all-time. This entire film is a work of art. However, it definitely might offend some of you who are sensitive to men who exhibit extreme amounts of bravery and machismo.