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Monthly Archives: February 2017

Trump: ‘We Have to Start Winning Wars Again’

Beautiful. Trump announced a $54b increase in defense spending to be used at the discretion of the Pentagon. Chalk up another win for the military-industrial complex.

Also, in a press conference today, President Trump said ‘we have to start winning wars again’; because when he was young, people used to say ‘America never lost a war.’

How about fuck the wars and let the DOD make due with the $600-900b they receive on an annual basis? Do you have any idea how absurd our defense budget is compared to other countries? We spend about 10x the amount those evil Russians and Chinese appropriate on an annual basis.

On an unrelated note, anyone else watching Homeland this year, how the CIA is trying to control and manipulate the new President elect?

Art imitating reality.

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Spain Appoints ‘Sex Tsar’ in Ploy to Create Population Growth

Last year Spain recorded more deaths than births for the first time since 1941. This is an issue for most developed countries in the world, which is why they’re probably so eager to accept refugees.

In an effort to fight this, Spain has appointed Edelmira Barreria Diz, a Galician senator, as ‘sex tsar’ — who wil likely follow in the footsteps of Denmark’s successful ‘screw for Denmark’ campaign, which resulted in a small baby boom.

Since 2008, the number of births in Spain has fallen by 18%.

Here are the lowest birth rates in the world, according to World Atlas.

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Surprise CNBC Exclusive: Warren Buffett Likes Stocks

At some point this shit has to become redundant. How long does CNBC think it can get away with this shit? The old man books an interview with Becky Quick three times per annum to exclusively talk his book. How generous of him.

Amongst other things mentioned, Buffett said he owns more than $17b in $AAPL stock and likes stocks, especially airlines.

Source: CNBC

“We are not in a bubble territory” in the stock market, he said on “Squawk Box.” If rates were to spike, however, then the stock market would be more expensive, he added.

However, U.S. stock futures were indicating a bit of caution Monday morning, with President Donald Trump scheduled to address a joint session of Congress Tuesday night.

Investors would be very sorry they didn’t buy stocks if the 10 year Treasury yield were to stay at around the current 2.3 percent for the next decade, Buffett said. “If interest rates were 7 or 8 percent, then these [stock] prices would look exceptionally high.”

The dynamism of the U.S. economy is “unbelievable,” he argued, adding there will be ups and downs in growth but “the U.S. always comes back and wins.”

Buffett released his closely-watched annual letter on Saturday, writing the U.S. economy would continue its “miraculous” boom.
“The best thing with stocks is to buy them consistently over time,” he said, adding investors should spread the risk by owning a diversified set of companies.

“You’d be making a terrible mistake if you stay out of a game you think is going to be very over time because you think you can pick a better time to enter,” he argued.

Meaningless drivel.

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Ben Stein Unloads on Media, Calls Them ‘Unelected Aristocracy, an Effete Corps of Impudent Snobs’

This might’ve been the last invitation to CNN for Ben Stein — the former speechwriter for Richard Nixon, media pundit, and legendary actor in pop culture classics Ferris Bueller’s Day off and American Pie.

Defending Trump’s decision to boycott the correspondents’ dinner, Stein laid into the media for their unrelenting assault on the President — trying, in what he said, to do to him what they did to Nixon.

Stein critiqued the media’s portrayal of Trump was an antisemitic, white supremacist as entirely without merit — deriding them as being seen by the American public as an ‘unelected aristocracy, ‘impudent snobs.’

When defending Nixon’s accomplishments, as ‘bringing more peace to the world than any president in the 20th century,’ it was humoring to see the young CNN host recoil — because MUH Watergate. Nixon is evil incarnate to leftards, as they view him as nothing more than a head in a jar, spewing hateful things — plotting and scheming to undermine civility — when in fact the true record of Nixon is the exact opposite.

 

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Dan Loeb is Aboard the Trump Trade, Says Pro-Business Administration is ‘Paradigm Shift’

Last year, Dan Loeb said the hedge fund industry had entered the ‘killing fields’ and were primed for culling — after many made wrong directional bets. This year, after seeing the Trump trade work its magic, his tune has changed dramatically.

Source: Bloomberg

“I’m not sure that — given the increase in S&P earnings that we expect due to changes in policy as well as tax reform — that it’s as overvalued as people think,” Loeb said Friday in a conference call discussing results at Third Point Reinsurance Ltd., the Bermuda-based company where he oversees investments. “We’re seeing plenty of good valuation situations.”

“The complexity is obscuring the earnings power of the company or companies that are going through a financial or operational restructuring,” he said. “We’re not really fazed by that.”

“What gives me confidence about the future is I just think we’ve had a paradigm shift with the new administration in terms of having a backdrop that is supportive of business and pro-growth,” he said. “There will also be an increase — we’re already seeing it — in corporate activity, which is something where we typically thrive.”

Listen to the full TPRE call here.

In his latest investment letter, Loeb said the Presidential election was the ‘most important paradigm shift since the financial crisis.’

“Starting the morning after the election, we took immediate steps to reorganize the portfolio around investments that we believe will benefit from Trump’s stated policy objectives.”

“In the immediate term, we believe we will see an acceleration of economic growth at home. Electing a President who is seen as pro?business (ignoring his protectionist views on global trade) has awakened animal spirits,”

“Trump’s election has accelerated the end of QE. The baton is now passing from the Fed to the Treasury, which will provide fiscal stimulus via comprehensive tax reform and infrastructure spending. We expect a significant reduction of corporate and individual taxes, the elimination of the interest rate deduction, and the removal of the deductibility of state and local income taxes from federal returns. To stimulate investment, we see an immediate deduction for capital spending and a dramatic pullback in government bureaucracy, red tape, and regulation.”

He sounds like a fan.

Third Point’s top holdings, as of the end of 2016, were BAX, DOW, HUM and STZ.

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BOYCOTTED

For the first time in 36 years, a President of the United States will not be attending the establishment orgy of vanity — dubbed the correspondent’s dinner.

Reagan didn’t attend in 1981 because he was recovering from an assassination attempt. Trump won’t attend because the media and the Washington establishment want him dead.

The correspondents’ dinner is an absurd gathering of cucked celebrities and media personalities, an event that, essentially, ingratiates them with the presence of the President — offering pseudo validation for their worth and importance. It is a feast of leftarded atrocities, topped off with a roast of the President.

Trump offers no quarter, only the black flag.

Those sacks of shit can stay home and roast themselves. The President has work to do.

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Significant Stock Market Narrative Development: There is a Westerly Trump Wind Underneath It

Both Obama and Bush couldn’t give two shits about the stock market. Bush was focused on colonizing the middle east and Obama was fixated on having mentally ill transgenders urinate in the ladies restroom — standing up.

But now we have a shit-poster in chief, very vain and ideally focused on how the public perceives him. Being a man of business, he’s singularly interested in what the media has to say about him, and more importantly, the stock market.

He tweeted this out this morning.

Just last week, in a CNBC interview, Sec. Mnuchin said ‘we’re in a mark to market business’ and the bullish tone and tenor of the stock market was a reflection of the administration’s progress.

“There’s a lot of confidence in the Trump administration and in the desire to invest in the U.S.,” he told CNBC in an exclusive interview Thursday. “This is a very competitive place to do business. We’ve got great companies, and you see that reflected in the markets.”

Bullish or bearish on the stock market, these are significant developments in the market narrative — evidence of the Trump administration’s intent to bid this market up throughout his term.

It has never been harder to be a bear.

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iBankCoin’s First Investor Boot Camp for 2017 is Here

Gents and Ladies,

I cordially invite you all to attend a 5 day workshop, hosted by the hardest working trader in the business — The Option Addict.

Everyone who has ever attended one of these webinars loved it and made money off Jeff’s ideas.

Here is the syllabus.

Monday: 2017 Review – What My Past Boot Camp’s Predicted and What’s Next to Come
Tuesday: Downside Risks to 2017 – The “What If’s” and How to Properly Predict a Correction
Wednesday: Out With the Old, In With the New: 2017 Market Rotations
Thursday: A Historical Look at Market Sentiment Shifts
Friday: The Very Best Longs and Shorts for 2017

See you there.

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What’s Your Poison? Craft Beerfags Are Not Welcomed Here

I’ve gone through a long journey in my life long goal, barreling towards alcoholism. Truth be told, no matter how hard I try, I just can’t become an alcoholic. I don’t have it in me. Starting off as a wee lad, around the age of 14, my friends and I drank plenty of malted liquor. We used to buy a 40 ounce after school, like true degenerates, and imbibe the nectars of the ghetto until half retarded. Disgustingly, we used to share the bottle.

Then I moved onto other things, like Cisco, which we called ‘liquid crack’ in Brooklyn. It was a sweet wine with lots of sulfites in it that used to make everyone really sick.

Then I experimented with mixing things into my beer, like pina colada coolers or even fruit punch — real fag shit.

Moving into adulthood, I still drank beer, but also tequila. From 20-22, I drank bottles of that stuff — earning a reputation as someone who could truly hold his liquor. When you’re young and stupid, meaningless titles like that are appealing and coveted.

Then I went through a dry period, becoming turned off by the whole beer scene and definitely soured on the Mexican cacti genre.

In my 30s, I experimented with single malt scotch and wine — because I had a lot of money and I thought that’s what I was supposed to drink. Again. I’ve demonstrated a keen propensity for high level retard thinking over the years.

Fast forward to today, I’ve become an aficionado. I’ve become very particular about everything, from the shoes on my feet, to coffee, tea and now cocktails.

The way I figure, craft beer is a genre that is for fags, 100%. I don’t mean that in the homosexual opera way either. It’s just that, beer, for lack of a better term, is for rubes — rusticate swindlers who enjoy vomiting on their own shoes and their wives.

I’ve found that FDR had it right all along: martinis.

Now, we can go straight vodka, dry vermouth, shaken, not stirred, and have a great evening of laughter — uninterrupted by beer burps. Or, we can mix up a french martini for the ladies, which is a fruitier beverage, topped off with champagne (when done correctly, the champagne must be frapped). Or, we can go the FDR route and simply add a little olive brine to the martini, which I make extra wet with 1/2 parts of vermouth in it, and there isn’t a drink in the world that is better.

As you age and meet new people, you should carry yourselves with a modicum of sophistication — eschewing plebian beverages like crafted beer or shots of Jagermeister. That shit is for retards.

If you want to discuss martinis and the different variants, we can do that too. Personally, I prefer grey goose vodka over gin, but gin works too.

What’s your poison? Say ‘craft beer’ and I find out where you live and punch your jaw loose.

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Buy the Commodity Dip and Live to Tell About the Tale

Exodus is flagging a bunch of oil stocks oversold now, most of which have track records sporting a 80%+ win rate. The overall oil and gas sector is getting punched in the scrotum today, off by more than 3%. Here is what our oscillator looks like now.


look at that shit

My go to picks into this commodity meltdown are $TECK and $CLR. The nuclear sector is bouncing today, so no panic there. Overall, the market looks just fine. We’re simply digesting recent gains and preparing the groundworks for another leg up.

Inside Exodus (join you misers), here are the oversold stocks flagging right now.

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