BONE CRUSHING ROTATION IS UNDERWAY: TECH IS OUT, BANKS ARE IN

Semiconductors are leading the charge sharply lower for tech, led by NVDA, AMD, UCTT and a few dozen others — with bone crushing declines. These stocks deserve to be murdered or buried alive. The oscillator in Exodus, powered by predictive algorithms, is not close to oversold yet.

Amazingly, there’s a flipside to this debacle, an alternative universe where the rotation is as clear as the day is long. The banks are being bought with extreme vigor.

On May 31st, 2017, Exodus‘ mean reversion intelligence flagged oversold for FAS. It’s important to note, for the sake of posterity, it was correct — yet again.

Our track record is 13 wins zero losses over the past year. No one knows mean reversion better than me.

The regional banks are enjoying the tech wreck the most — with 3%+ gains in dozens of names. Candidly, this all feels too mechanized, not very spontaneous. This organized and orchestrated rotation does not feel main streetish. My best guess, Goldman is making a killing today, while Joe Blow is getting his brains shot out in his tech heavy margin account.

The house always wins. Get an edge.

Cramer just got owned here.

Jesus Christ NVDA is overvalued. The stock is up 50% over the past month. It is up 225% over the past year. God damn it, it’s up 1,269% over the past 5 years. Truth be told, the gains are well deserved. Look at the batshit earnings and revenue growth — nothing short of stellar.

With a PE in the ballpark of 50 and p/s of 9, this stock is fucking stupid. Professional bearshitter from Citron made the call today, strongly suggesting the stock was heading back to $130. Lucky for Left, the market decided to dump out today, making him an instant winner. Perhaps the Gods are on his side, or maybe he has complete control over the market — rendering free will to be idle nonsense. Either way, he got long term bull of NVDA, Jim Cramer, to agree with him that the stock was heading for a correction and could see $130 in short order.

The rumor is, aside from RUSSIAN FAKE NEWS (fucking CNN) is that the Kingdom of Qatar paid a billion dollars for 26 hostages, who were hunting in Southern Iraq. What the fuck were they hunting?

Whatever the reason may be, our cromagnon Sec of State, Rex Tillerson, is calling for the shit to stop — especially since we have military assets in that country and the blockade is causing kids to skip school.

Saudi Arabia claimed Qatar is supporting terrorism and they’re not going to take it anymore. This is rich, coming from a country whose soccer team just refused to observe a minute of silence for the innocents killed in the London attacks.

The Al Udeid U.S. military base in Qatar houses over 10,000 military personnel and is a hub for CENTCOM, vital to operations in both Iraq and Afghanistan.

We’re finally seeing some tangible losses in the tech sector, and the NASDAQ as a whole. The widely owned FAAGS (Facebook, Apple, Amazon, Google, Snapchat) trade is taking a breather today. Thus far, there is no reason to be concerned, unless of course you were betting on weekly call options.

Perhaps the market can now get destroyed, crashed, with no survivors.

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At the very minimum, a serious and arduous drop in the indices will help the VIXfags recover from their record, breath-taking, losses. In smaller cap stocks, the losses have extended to more than 2%.

My model forced me to sell half of my risk off assets, GLD, TLT. Additionally, I sold every God damned stock that I owned, because the market cap was all wrong. This week was all about small cap. Since I’ve been quantitatively tracking this, I’ve seen the market reward smaller and smaller capped companies over the past 5 weeks. As such, I am now long a basket of 12 stocks, across various industries, in the $1-5b market cap quintile.

Everything else had a lackluster week. Mostly, stocks were flat, aside from the smaller ones.

I understand the risk inherent in allocating assets into a strategy that is backward looking. However, predicting the future is even harder. Mostly, stocks in motion tend to stay in motion. When a gorilla run is set to ensue, very rarely will it end in 1 week. In my studies, large runs usually stretch for 7 weeks. The point of this systematic approach is to discipline my allocation into what’s working now — forcing a quick end to bad trades and underperformance. I am chasing alpha, but in a smart way.

Details of my new portfolio are in Exodus.

One of my hobbies is to collect old newspapers. I find that reading the prose and the news events of yesterday, as they were written then, to be of immense entertainment. Nowadays, we fashion ourselves to be of supreme intellect, casting aspersions at our Victorian Era reprobates. But can anyone else argue the indelible fact that — at least — they knew how to build a better home back then? One hundred years hence and people still prefer the style and design of those Victorian era homes. Personally, I like a newer home — but I do enjoy looking at the old ones.

I came across this article today, which spoke of ‘bicycle insanity.’ According to the good doctors back then, women were going insane from the wheel. Apparently it was afflicting their spine, in turn, they were going insane. I am certain plenty of poor women were tossed into asylums by their husbands back then, after taking to the wheel one too many times.

Read this shit. The prose is fantastic.

Does anyone else dispute these claims? Clearly, women who take to the wheel too often are insane. I’ve seen it with my own eyes. While people do not get ‘bicycle humps’ anymore, the seats are rarely any good, which is likely the reason why so many women out there are haggardly hogging up the road, riding erratically and without decorum or respect for the road.

Clearly, insane

For some reason this reminds me of the little show given at the Hugh Mercer’s Apothecary in Fredericksburg, VA. If you’re ever in that town, definitely go check it out. Also, the local pizza shop there sells the largest pies I’ve ever seen in my life.

Because he wants to save the world from ‘climate change’, Frances Macron wants to impose an ass-raping carbon tax of 30 euros per ton of CO2 emissions — which is an astounding 6x the current price. If approved by his superiors in Germany, this would equate to a very nice and very large windfall for anyone long carbon credits.

German utilities, namely RWE AG and Uniper SE, said such a plan would crush them — leading to job losses. Those jobs, however, are in the way of progress.

France tried and failed to pull this stunt last year, in an effort to supplement the EU’s Emissions Trading System (lolz) — but failed. The subsequent result was ‘pollution rights’ prices plunged and are down more than 80% since 2008.

Desperate for gains, France thought about doing a unilateral price floor for carbon — but ditched the effort ahead of the Presidential elections because labor unions were chimping out because it’d lead to job losses.

But now that the elections are over and Macron won, France is feeling eager to provide the $48b carbon credit market with stimuli — once again lobbying their German leaders of support their plan.

Leaders from both countries intend to meet this summer to discuss the issue.

The UK placed a similar floor of $22.88 per ton of CO2 emissions, in order to offset ‘social impacts.’ The net result was glamorous tax receipts for the government and a 30% decline in coal powered electricity production.

“The time is the right one today for an initiative that maybe could be generated in France, with quick support of Germany, obviously after the September elections,” Levy said. “It can be done gradually, and it can be done in such a way that it leads to no massive phasing out of production means in the short term.”

The carbon credit racket reminds me of the taxes placed on cigarettes and other tobacco products. Our government claims they do it to mitigate healthcare expenses absorbed on the state level, in addition to serving as a deterrent for mass consumption by making prices too expensive for people to buy. However, anyone taking a look into the profits enjoyed with this tax, in addition to the amount of money raised via the tobacco settlements and subsequent issuance of tobacco bonds, knows they’re full of shit and simply profit, enormously, by imposing taxes on items that people are addicted to consuming.

Anyone else find it amazing that NVDA is trading near $150? It feels like just yesterday when that stock, and all of the chips, were total pieces of shit getting ripped off by Apple. Something changed over the past few years that most gloss over. There has been a sustainable rally in these stocks, supported by cartel like control over memory chips. In the past, I was always afraid to overstay my welcome in the chips, as they’re subject to all sorts of boom and bust cycles. Everything seemed to change after SNDK was acquired and MU bought Elpida. Those fuckers are operating under monopolies, fixing prices and have a gay old time. I can’t wait for some spartan company to come around and fucking ruin the party for everyone — sending the fuckers in Taiwan into panic mode.

Theresa May looks like the biggest moron in modern British politics today, losing a 20 point lead in the polls effectively placing BREXIT negotiations in extreme danger. She has no mandate. The globalists won, as always. Should we expect anything else?

Futures look solid and the pound is getting raped. You’d think the pound would rally on Theresa May’s humiliation, since it means a weaker BREXIT. A weaker BREXIT, ergo, should be supportive of Sterling. I’ve come to realize, over the years, markets are completely fucked. That’s why I used to do ‘Constanza Trades’, the opposite of what people expect. But even that trade got tired, as everyone doing the opposite sort of defeats the point.

Let’s be honest, it’d be ‘nice’ to get a sharp market correction, even a crash. All of this prosperity is making people decadent, fat, and fucking stupid. No one has to think anymore. You simply slap on a suit and buy NVDA all day and then spend the profits on jewels and overpriced garb, exotic foods. What this country needs is a horrible market calamity, the type of correction that makes people believe in God again. In order to get that, it’s important for the Fed to fuck off. Sadly, they’ll never fuck off, so we’re just gonna have to get used to making gains every day in stocks.

Believe me, there are risks in this market. Look at oil stocks, clownishly down 35% for 2017. Had you bought a basket of oil stocks because the Orange God was going to grab Saudi Arabia by the pussy, you played yourself into the poor house — fucked. This is why I’ve been developing strategies for the market, instead of simply picking stocks. I am trying to upgrade the level of market discourse here, but some of you fuckers are too submentally deranged to change. Listen to me, with time, you’ll see that I’m right — way ahead of the curve — and you’ll be fucked with harrowing losses when NVDA slinks down the other side of the mountain.

Alex Jones declared, ‘yes, the truth has come for them. You dig a hole for your brother, you end up falling in it.’

In celebrating today’s magnanimous win against Comey and the shills, Jones compared the victory to defeating the Nazis at the Battle of the Bulge.

Warning to demotards: Watching this video of Jones dancing on your grave, unironically might kill you.

Alex Jones slightly happy over today’s Comey testimony — compares victory to defeating Nazis at Battle of the Bulge. pic.twitter.com/BI6eEuGZRv

— The_Real_Fly (@The_Real_Fly) June 9, 2017

Here is the full celebration. Enjoy the pageantry.

There will come a day when the city square will be packed with gibbets filled with swinging heads of traitorous bastard commies — most readily found in leftshit cities. The degeneracy must end. Today’s testimony by Comey was a farce, a transparent attempt by a spent and bitter bureaucrat trying to hurt a sitting President.

Everything about Comey is wrong. The fact that he felt the need to ‘take notes’ because the President asked for loyalty is fucking absurd. What sort of example did he make for fellow G men when he referred to his dealings with his commander in chief as being ‘slightly cowardly’? The whole thing is rot, helping to fuel a bogus investigation spearheaded by a broken democratic party who have lost their fucking mind.

Tucker chimes in and reviews the day’s events, pointing out the hypocrisy of Comey and his dealings with AG Lynch, who asked for Comey to word the investigation of Hillary Clinton’s email scandal as a ‘matter.’ If that’s not collusion and political pressure on the FBI, nothing is.

He also touched upon the mercenary media’s fake news about Trump, provided by bad sources, which was confirmed by Comey today.