CAST ASIDE YOUR IDLE TREPIDATIONS; THIS MARKET IS HEADING HIGHER

Alas, the time has come for you to remove yourselves from feeble feelings of reticence. Your sojourn into the safe quarters of cash has castrated your market manhood and transformed a perfectly fine example of American vitality into a hateful symbol of mediocrity.

“The Fly” is here to tell you that, although hard and difficult, the path towards wanton depravity and success is being forged again. Markets shall follow the past of least resistance upwards, led by a certain Donald John Trump. Even though he’ll be bedeviled by fake news reporters, catamite establishment shills, and rogue CIA agents armed with heart attack darts, he will succeed and bring forth a new Renaissance free of Mexican intruders and men wholly interested in blowing themselves up inside coffee shoppes.

My journey from belligerent bull to horribly grim bear back to circle jerking bull has been completed, full circle. My road was a long, arduous, one filled with ghastly rabid beasts and aggressive harem operators. But I’m back in my comfort zone again, fully retarding all enemy advances heading towards my purse (no homo).

Listen to me now: infrastructure stocks are where the money will be made, not stupid tech. The days of idiot tech is over. Behold the grandeur and certitude of zinc mines and bedazzled uranium stockpiles, as well as iron ore and crude oil.

Top picks: $CLF, $TECK, $UEC, $HBM

In a Bloomberg interview, Hans Van Cleef, ABN Amro’s senior energy economist, said crude is at grave risk of mcplunging down to $30. He said the chicanery taking place at OPEC can’t last forever and that US production has soared by 500,000 barrels per day since prices have recovered.

The OPEC-Russian agreement lasts until July, then it’s unknown what will happen to worldwide supplies, which are being buoyed by increased production in Nigeria, Libya and also Iran.

“If they don’t continue with this trend, then the oil price could drop back to where it was two years ago,” Hans van Cleef, ABN Amro’s senior energy economist, said in an interview with Bloomberg’s Oil Buyer’s Guide, adding he’s unsure whether the deal to restrict supplies will persist. “Oil prices could easily go back to the low $30s.”

Van Cleef said his view is that the “downside risk has become much bigger than previously,” with signs that the market had already priced in the production cuts. With compliance at about 90 percent — a historically high level — “we don’t see any upside from OPEC anymore,” he said. “What we do see is more risk of higher production in the U.S., we see a rise in inventories.”

I’m not so sure about this call. The collapse of 2015-2016 was predicated on a weakening China. Supply has been plentiful for years and inventories exceedingly high. The only way crude gets back to $30 is for a full blown panic to strike at the heart of Beijing’s ficticious economy.

God willing, crude will find its way back to $30 in short order, after I’ve sold all of my stocks of course.

Always eloquent, Britain’s Nigel Farage offers his views on the current state of leftist delirium — pointing out how the younger generation have been hijacked by an agenda rich education system, indoctrinating them to not only espouse a certain ideology, but to become intolerant to opposing viewpoints. By definition, they’ve become the very thing they’re working so terribly hard to defeat: god damned fascists.

A mindset of intolerance has been normalized amongst the left, promoted by the media, even accepting violence in order to ‘stomp out’ nazis and white supremacists.

The bullshit has to end. They can’t keep getting away with it.

Bear in mind, Goldman’s David Kostin has been wrong his entire life. I cannot recall the last time he made an accurate call. Therefore, seeing that he’s still dutifully employed at Goldman, I can only surmise that he’s offering us bad advice on purpose — as a mode of misdirection.

In a research note out today, Kostin is saying markets are too ebullient and that a reversion to the mean is coming, especially since the proposed Trump tax cuts might be nothing more than a dream. He noted the divergence between survey data pointing to a stronger than expected economy and professional analysts who are much more sanguine on America’s prospects as being cause for concern.

In other words, the plebeian class should refrain from trying to predict macroeconomic trends and instead see to it that their bottle of gin has been thoroughly polished off — leaving the the professionals at Goldman to properly determine the economic forecast.

“Financial market reconciliation lies ahead,” said David Kostin, Goldman’s chief U.S. equity strategist. “We are approaching the point of maximum optimism and the S&P 500 will give back recent gains as investors embrace the reality that tax reform is likely to provide a smaller, later tailwind to corporate earnings than originally expected.”

Kostin sees a dichotomy between investor hopes and the reality on the ground, and says it’s indicative of “cognitive dissonance” in the market.

“On the one hand, investors, corporate managers, and macroeconomic survey data suggest an increase in optimism about future economic growth,” he said. “In contrast, sell-side analysts
have cut consensus [full-year] adjusted [earnings per share] forecasts by 1 percent since the election and ‘hard’ macroeconomic data show only modest improvement.”

“We recommend investors focus on stocks with high secular growth prospects rather than ‘winners’ and ‘losers’ from potential tax reform,” Kostin said.

Dunce.

OPEC promised to cut more of their wretched production, giving a boost to crude this morning, higher by 2%. All of my commodity related shares are spiking today — just another day at the home office.

Any of you fuckers work from home? It’s probably the single worst thing that you can do for your business. At first the idea sounds so alluring, being able to work hard from the home office and gracefully loaf about in your bathrobe all day whilst listening to Bach. But then, after awhile, delirium begins to set in. You’ll start talking to the walls and a true sense of cabin fever will afflict you. Your pallor will resemble a glass of 2% milk and your social life will be reduced to annual visits to the doctor for physicals, and unscheduled visits to the front of the house to shovel snow off the damned driveway.

In other words, your life will be ruined.

I’ve only made it this long, having worked from home since 2005, because I’ve been blogging like the wind — plus I’m probably a little crazy. Instead of greeting my neighbors in the morning, I scowl at them and I always give bad stock picks to them on purpose, as a way to teach them a lesson to leave me alone.

I never gave a shit about the whole Milo movement and will not waste time to defend whatever the hell he said that just pissed so many people off. I am grateful for Milo for one reason, however. For too long the conservatards were led around by religious fools who obsessed over gay people and abortion. Later we’d find out the most vocal opponents were both gay and avid abortion practitioners. People are seriously fucked. Milo showed conservatards that not all gay people had aids and wanted to rape them. Obviously, any revelation that connects Milo to condoning pedophilia is an abomination — and he should be ruined for saying such things. His demeanor has always been flippant, changeable and careless. He tried to explain the ordeal with a Facebook statement posted below.

Since the controversy began, his book deal has been canceled, CPAC invitation revoked, and Breitbart is considering a swift shit-canning.

Here was Milo’s statement.

I am a gay man, and a child abuse victim.

I would like to restate my utter disgust at adults who sexually abuse minors. I am horrified by pedophilia and I have devoted large portions of my career as a journalist to exposing child abusers. I’ve outed three of them, in fact — three more than most of my critics. And I’ve repeatedly expressed disgust at pedophilia in my feature and opinion writing. My professional record is very clear.

But I do understand that these videos, even though some of them are edited deceptively, paint a different picture.

I’m partly to blame. My own experiences as a victim led me to believe I could say anything I wanted to on this subject, no matter how outrageous. But I understand that my usual blend of British sarcasm, provocation and gallows humor might have come across as flippancy, a lack of care for other victims or, worse, “advocacy.” I deeply regret that. People deal with things from their past in different ways.

As to some of the specific claims being made, sometimes things tumble out of your mouth on these long, late-night live-streams, when everyone is spit-balling, that are incompletely expressed or not what you intended. Nonetheless, I’ve reviewed the tapes that appeared last night in their proper full context and I don’t believe they say what is being reported.

I do not advocate for illegal behavior. I explicitly say on the tapes that I think the current age of consent is “about right.”

I do not believe sex with 13-year-olds is okay. When I mentioned the number 13, I was talking about the age I lost my own virginity.

I shouldn’t have used the word “boy” — which gay men often do to describe young men of consenting age — instead of “young man.” That was an error.

I am certainly guilty of imprecise language, which I regret.

Anyone who suggests I turn a blind eye to illegal activity or to the abuse of minors is unequivocally wrong. I am implacably opposed to the normalization of pedophilia and I will continue to report and speak accordingly.

Obviously, this  a story that was timed for maximum effect — in light of his recent appearance on Bill Maher’s HBO libtard carnivale and the left’s obsession with all things Breitbart due to Bannon’s presence in the White House.

Attended by Mayor Deblasio and all of NYC elites and celebrities, New Yorkers set out to prove to the muslim world that they too are tolerant enough to cede and heel to the intolerance of Islamic law. The sweet and indelible irony in all of this tolerance is that it promotes retrograde level intolerance — that if given enough room to grow and flourish — will literally render all of these leftists extinct.

I call this ‘suicide via liberalism.’

In the following countries sodomy is a capital offense: Afghanistan, Brunei, Iran, Iraq, Mauritania, Nigeria, Saudi Arabia, Sudan, United Arab Emirates and Yemen.

In Algeria, Bahrain, Kuwait, Lebanon, Libya, Morocco, Oman, Qatar, Somalia, Tunisia, Syria and Bahrain, ‘debauchery’ is often met with prison terms up to 10 years.

In Indonesia, women interested in joining the military need to undergo the 2 finger test, to ensure virginity.

In Sudan, women are punished with 40 lashes for wearing trousers — as that sort of garb is deemed unsuitable for a female. In Pakistan, men are permitted to ‘lightly beat’ their wives as a form of discipline.

The helter skelter insanity of laws in different Islamic countries around the world are rooted in religious intolerance where Islam reigns over them with the cerements of oppression. Some of the core tenets of classic liberalism used to be women’s rights, gay rights and separation of Church and State. The modern day version of liberalism eschews vintage activism for human rights in exchange for wanton support of religious extremism that is the essence of intolerance and produces nothing but failed states and dystopian nightmares everywhere it is implemented.

Nothing seems to be able to rattle markets, not Trump, not the specter of World War 3, not the rise of Marine Le Pen — who is literally promising to tell both NATO and the EU to fuck off. Does anyone have any idea what this would for the new world order? Without France, I very much doubt Italy would stay in the EU. As such, the EU will be rendered null and void — casting out shit countries, like Greece, into the wilderness to be savaged by Turk invaders.

Source: Bloomberg

Monday’s daily OpinionWay poll showed that first-round support for anti-euro candidate Le Pen rose 1 percentage point to 27 percent, with Macron and Republican Francois Fillon unchanged at 20 percent each. While no surveys so far have shown Le Pen even close to a victory in May’s run-off, she’s quickly narrowing the gap to her rivals. OpinionWay showed Macron would defeat Le Pen by 58 percent to 42 percent in the second round. His advantage has halved in less than two weeks.

Le Pen is up sharply in the latest polls. Markets don’t give a shit — pressing higher into the doldrums of final execution.

French bond yields are 1/3rd the level they were back in 2011, the last time the EU was on the precipice of disaster.

Le Pen’s chief competitor is named after a buttery pastry. Macron is under harsh criticism from an uncucked public after making anti-French remarks regarding their colonialist past — calling France’s rule over Algeria a ‘crime against humanity.’

Truth be told, the barbarous French killed over a million Algerians during their 132-year reign over the North African people. Nevertheless, in light of his slippage in the polls, sweet Macron was forced to apologize.

“I am sorry to have offended you, to have hurt you,” Macron said on Saturday in the southeastern city of Toulon, responding to criticism of his comments from French nationals who had to leave Algeria in 1962.

“But we must face this common, complex past if we want to move on and get along,” he said, alluding to historical links between Algeria and France, where many citizens hold both nationalities.

This is France today — thanks to the advent of multi-culturalism.

Freeport has the rights to mine in the world’s second largest copper mine in broke ass Indonesia and have been under increased pressure to fork over more money, which in turn has all but shut down the mine and forced them to lay off workers.

What did you expect FCXfags? The fucking mine is in the jungles of Indonesia. It’s only a matter of time before the company kicks out all of those white males and mines the stuff themselves.

As a result, the company is warning of material downside to sales and even attempted to rope in the US govt by saying millions of investors own $FCX via retirement plans. Hahahaha

You stupid shits. Fund managers will sell all of your stock at the first sign of danger, all but castrating your ploy to involve the government.

Face it Freeport: you’re fucked.

Source: Reuters

U.S. mining giant Freeport-McMoRan Inc warned on Monday it could take the Indonesian government to arbitration and seek damages over a contractual dispute that has halted operations at the world’s second-biggest copper mine.
In an escalation of the dispute, Freeport Chief Executive Richard Adkerson also said the company’s local unit had made its first layoffs since negotiations started in January over a new mining permit, and it may let go more workers this week.

The row, which centers around the sanctity of Freeport’s 30-year mining contract, comes as Indonesia seeks to squeeze more revenue out of its mining industry through a shake-up of regulations over foreign ownership and ore processing.

“Right now we are at an impasse with the government,” Adkerson told a news conference in Jakarta.

Freeport has been at loggerheads with Indonesia over the terms of a special mining permit to replace its contract of work, after halting its exports of copper concentrate due to the new mining rules.

On Friday, the miner said it could not meet contractual obligations for copper concentrate shipments from the mine following a five-week export stoppage. Last week, all work was stopped at Freeport’s giant Grasberg mine in the eastern Indonesian province of Papua.

Assuming the export ban continues and operations resume at a local smelter in March, Freeport estimated its first-quarter sales would be reduced by around 170 million pounds of copper and 270,000 ounces of gold. That is equal to a reduction of some 17 percent in Freeport’s total first-quarter copper sales and 59 percent in gold sales, the company said in a statement later on Monday.

The Gresik smelter was forced to halt operations on Jan. 19 because of a labor strike.

“At the end of that period if this dispute is not resolved we reserve the right … to commence arbitration,” Adkerson said. “I sincerely hope we can find a compromise.”

The company also warned of “severe unfavorable consequences for all stakeholders” if no resolution is reached.

“Do they want business or a lawsuit?” Indonesia’s mining minister, Ignasius Jonan, asked in remarks to reporters on Monday, responding to Freeport’s warning that it could take the dispute to arbitration.

“Millions of U.S. citizens indirectly invest in Freeport with their savings accounts and their retirement plans,” Adkerson said. “So what happens … will be a matter of interest for the U.S. government.”

The stock is up like a thousand percent from the lows of 2016. There is plenty of downside here.

As the country loafs about gracefully celebrating the birthday of George Washington, base metals are mcExploding to the upside. Can you believe it?

European markets are casually higher and Dow futures are up 36. I look forward to vengeance tomorrow, claiming scalps and making a little money in the process — as maraud and plunder, then maraud again, to my heart’s desire.