Can Anyone Stop This Man?

Why don’t we have a serious conversation about The Facebook, shall we?

I remember when the stock IPOd at ~35ish and I stepped in and bought some for a client at $32, which drew the ire of all of you spinsters in the comments section who thought FB was destined to fall. Little did you know, after bottoming out at $18, the stock would go on a miracle run of ~800% for the next 5 years — almost uninterrupted. It has been a dream to both watch and own FB. The client that I bought the stock for had transferred to a discount brokerage shortly after my purchase, more to do with estate consolidation than hatred for me. My client had passed away and his son took over the account, so he had to split the estate up with his fucking siblings.

Although I haven’t checked on him, I hope he kept that 3,000 share position — for if he did, it means that his unrealized gains are now in the ballpark of $400,000.

Alas, I really don’t give a shit and I hope that he gets hit with hard golf balls the next time he ventures off for some T-time.

Back to Facebook.

The founder and CEO, Mark Zuckerberg, is positioning to be your next President. This would be great, as it would pave the way for the first robot President, clearing the path for future robots to take the position from flawed men. While presiding over FB, the share price has risen ~650% over 5 years, both earnings and revenues skyrocketed, and he’s in control of all of the news and information for billions of people — in all walks of life — both conservative and liberal.

Just Mark Zuckerberg doing totally normal human things. pic.twitter.com/SnJHfhZFum

— /pol/ News Infinity (@polNewsInfinity) September 25, 2017

I hope they fix his human suit before the 2020 take-over.#Zuck2020 #Zuckerberg pic.twitter.com/cZY5U0kjcl

— ? (@awesomewww) September 28, 2017

He is your master.

Mark Zuckerberg, Apex Predator

His resume.

As you whither away, greedily, watching your phones, envious of the highlights posted by people on Facebook and Instagram, can you honestly say that Facebook is a bad investment?

Some multimillionaire is getting noticed by the drunkards inside the options pits for taking out a very large bet on the volatility index.

According to Mr. Chintawongvanich (WTF?), head of derivatives at Macro Risk Advisors, this bet was taken back in July — hoping for pay dirt now. Here’s a look at the October options montage for the VIX-tits.

According to Mr. Chindick (sp?), the mysterious, yet awesome, trader is expecting the VIX to shoot higher into the mid 20s soon.

On CNBC’s “Trading Nation,” Chintawongvanich said the trade may very well be a hedge against a broader stock-heavy portfolio, rather than a pure bet that the VIX rockets higher.

“I think it’s a good hedge. I think the person who is doing this isn’t necessarily just betting outright that volatility is going to go up. I think they probably own a lot of stocks, a lot of things that would go down if North Korea risk escalates, or maybe something else, tech stocks pull back,” he said. “The point is, they probably need protection, and they think it’s a good place to get in there doing that, with the VIX being at extremely low levels.”

Mr. Chindick is assuming this trader at large is hedging a very large common stock portfolio and merely wanted to protect his downside a little bit — via LARGER THAN FUCK bets on the VIX. It has never dawned on him to understand and realize that such a trader cannot be bargained with, that both his demeanor and spirit is guided by dark forces, hoping to preside over a market in ruins, charred out automobiles down the block from schools, pieces of metal bustling throughout urban centers getting caught in lungs and shit. Such a man is only interested in the black flag — I promise you that.

Morning mates, Hugh Hefner is dead at the tender age of 91 — leaving behind a legacy of wanton degeneracy and perversion. Good night, sweet prince.

On an altogether separate note, I’ve taken the advice of some of you and have decided to self publish some of my short stories on Amazon. I’ll start off with some autobiographical stories and then maybe commingle a little fiction into them — based off true stories — just to enhance their readability. I’ve decided to start off with some of the Important Matter stories that I’ve published here — revising them to offer greater insight and details.

Here’s my Amazon account (you’ve recently read this story here). I’ll keep you posted when I have something new there. Five star reviews are both helpful and appreciated, in providing Le Fly with a global platform for his eloquent prose.

Over in Europe, stocks are gently higher. The Eurostoxx 50 is +0.11% and the euro is +0.28% v the dollar. US bond yields are markedly higher again, in a rush for some reason. The 10yr is +2.6 bps to 2.33%, widening the 2-10 spread to 85bps.

Dollar weakness has translated over to higher crude, +1% to $52.66. NASDAQ futs are -6 and the S&P is -2. I wouldn’t put much credence into the early morning weakness, since higher crude is likely to light a fire under basic material stocks. Plus, the yield curve steepening like this is going to provide bankfags with plenty of fodder to jimmy up their bank stocks.

The President has yet to take to Twitter this morning. I imagine General Kelly is chasing him around the Oval Office, trying to get a hold of his phone — stopping him from saying something about N. Korea — who, by the way, just got all of their businesses in China shut down.

BREAKING: China has ordered the closure of all North Korean companies in the country

— The Spectator Index (@spectatorindex) September 28, 2017

Pre-market movers.
ADHD +17.1%, CHMA +10.2%, ADVM +10.1%, AAAP +9.6%, BBRY +7%, SINO +5%, ABT +4.5%, THO +4%, JBL +0.6%
DXCM -22.6%, PIR -11.8%, CMTL -10.9%, ITCI -3.6%, RAD -3.5%, MTN -2.2%, ENZ -1.7%, ACN -0.5%

And here are the various moves by our beloved analyst community this AM.

This is what you’re paying for, clients of Morgan Stanley. You get Mike Wilson, Chief U.S. Equity Strategist and Chief Investment Officer, the most bullish of analysts on Wall Street, while also being the most bearish.

How wonderful.

Asshat, Morgan Stanley

To best experience the dynamics of Mike Wilson’s intricate market call, first I advise you to sit back, relax, and drink a fifth of vodka — straight from the bottle — then doze off in that nice rocking chair of yours and be prepared to vomit when you wake up.

He’s calling for S&P 2,700 by Q2 of 2018, roughly 10% higher from present levels. In a televised interview on CNBC yesterday, he described a market that would saunter higher, amidst cheerful baskets of flowers being tossed upon investors. There wouldn’t be any cause for concern, until his price target was met — at which time grave horrors would unfold — leaving top tickers stranded at the altar — raped, battered, and bruised.

After the market soars to new record levels, a pox will befall equities, shattering dreams and stopping pace makers. The S&P 500 will fall by 20%, drowning investors in a bear market that is both menacing and harrowing.

Until then, earnings should drive gains and potential economic stimulus will keep the party train going, leisurely stocked with the strongest and the purest strains of cocaine, booze, and hookers.

“Today is a short term euphoria but we think this is the primary trend: Small caps, financials energy” are all opportunities for investors. “That doesn’t mean that FANG or tech gets left behind. They can both work in concert now. So I think this is the next leg.”

While markets should trade higher, up until it crests at Wilson’s ghostly target of 2,700, he does caution investors that is could trade down, rather severely, at any given moment. He’s calling for a possible retracement of 5-6% by late October to early November. In the event that doesn’t happen, well then, stocks should trade higher.

“I think the way it sets up is people probably get excited over the next couple of weeks,” said Wilson, also chief investment officer of institutional securities and wealth management. Wilson said he expects earnings to keep buoying the market. “Then we’re going to have the inevitable disappointment.”

Wilson also took a shot at his peers for being wrong about a summer correction, smugly reminding them of what drives stocks in this market.

The reason why stocks went higher this summer, as opposed to lower, was simple, according to Wilson — “It survived the test. The reason it survived the test is that fundamentals are too good,” he said. “There’s two ways to correct an overbought market. You could go down or you could go sideways. We took that latter route. ”

After the 5-6% fall correction, stocks will extricate themselves from the ribald glumness of Autumn and reassert a bullish vigor — sending it to new record highs at 2,700.

“We’ll get to 2,700 first, and then the timing of the beginning of the cyclical bear could be imminent. It could be any time after that. It could be as early as the second half of next year,” he said in the telephone interview.

To avoid sounding absurd, or even ridiculous, Mr. Wilson reminded the reps at Morgan Stanley that butcherous market slaughterings are quite normal happenings for stocks — in spite of them becoming increasingly rare in the 8th year of the present bull market.

He summed up his intellectually diverse market call as calling for both a boom and a bust, having it both ways, having cake and eating it too.

“I think this is the trick…Be careful what you wish for. We’re late cycle. We made this call back in April. We’re looking for the boom, bust,” he said. The boom is the bump and euphoria from fiscal stimulus, and investors could get excited about tax cuts sometime early next year. “It actually brings the end of the cycle. That’s the irony.”

Prepare for both gains and losses, ups and downs.

Thank you Morgan Stanley.

Real estate prices in many of the top zip codes in America have doubled over the past 5 years. In some hotter markets in California, gains are in excess of 200%. The tech heavy NASDAQ is +121% over the same time period, helping buoy the richest amongst us to new heights.

According to Forbes’ Cost of Living Extremely Well Index, a basket of 40 luxury items, they’ve risen — uninterrupted — since 1982. Recession proof.

The inflation rate for the elite has been running hot since ’82, averaging 5%. Although it’s hard to get a hard reading on what the true inflation rate is for the wealthy, some argue it has been running in excess of 10% for the past decade.

Statistics released by the Federal Reserve revealed the top 1% now control a record 38.6% of America’s wealth. The bottom 90% of wage earners have been falling for 25 years — touching down at a 22.8% share in 2016, down from 33.2% in 1989.

Aside from wealth, the rich are increasing their earnings on an annual basis too, with reported incomes hitting a new high of 23.8% in 2016, up from 20.3% in 2013.

Warren Buffett believes the Dow will hit 1 million within 100 years, conservatively. All of these lofty projections and data points leave out the specter of pullbacks, an arrogant position given the historical likelihood of this being an impossibility.

One day, markets will dislocate, real estate prices careen lower, rich people flung from their windows directly into crematories, effectively leveling out these gross differences. Until then, however, let the good times roll.

The all mighty Andrew Left from Citron Research tweeted criticism of small cap scorcher, VERI, at 10:54am today. Within minutes, the stock was reeling, people jumping out from their windows, cracking their skulls on the hard, cold, pavement below.

$veri is not artificial intelligence, more like natural stupidity. Stock should trade right back to $20.

— Citron Research (@CitronResearch) September 27, 2017

Now the stock is down 30% from the time of his tweet. Oddly enough, the stock had been cascading lower about 10 minutes prior to his declaration. I’m sure it’s simply a matter of Left getting pissed off at the cowboy trading action in VERI — causing him to impulsively set the record straight.

VERI claims to have an AI operating system. All the rage these days. The stock was $8 in late August and hit a record high of $74 today, prior to Left’s ruinous tweet.

Wunderlich, Craig-Hallum Capital Group, and Northland Capital Markets brought them public back in May of 2017.

Are you enjoying yourselves, yet again? I hope you’re happy. See what you’ve done. Markets just go higher every minute of every day, producing new millionaires with each passing day. I don’t know about you, but I am not content in a world where everyone is rich. After all, if everyone is rich, who the fuck is gonna be poor? Certainly not me.

Banks are leading the fray, especially regional cock-suckers.

Here are today’s ETF winners, courtesy of Exoudus.

In summary, yields are soaring, causing banks to take out their whips and lash short sellers with them. Semis are rocking higher after Micron crushed estimates. Everything else, but gold, is pressing higher — because why the fuck not?

Needham raised their pt on MU to $76, clearly not impressed by the stocks 70% return, year to date. They’re looking for MOAR.

Following a solid quarter and guide, it is increasing tgt to $76 — representing a 10x P/E on just-raised non-GAAP FY18 EPS of $7.60. Firm believes this multiple is reasonable as it is simply applying a median historical multiple on a discounted earnings run-rate of $2.16 EPS /q (Nov. guidance). Currently, the stock is trading at a trough multiple on the perception of a “peak earnings cycle”. Needham asserts it should be trading at a market multiple on ongoing earnings growth. Firm does not believe it is at the peak of the cycle as end markets for DRAM are significantly more diverse than in years past; stabilizing the volatility of the pricing and perhaps lengthening the contracts.

After a few days of apprehension, bulls are jauntily trotting down Wall Street today — led higher, mostly, by tech stocks and banks. Within tech, the semis are at the vanguard of the rise.

There are large cocked gains in MU, IOTS, AMBA, MKSI, AMAT, LRCX, UCTT, MX, AXTI, DIOD, and so many more. It truly is an orgy of heightened risk out there — men and women cavorting, nakedly, without clothes — unafraid of a change in the season.

I’ve learned to be somewhat patient over the years. Seeing these rallies always makes me feel at home, yet a distant stranger because of the simplicity of it all. Life isn’t supposed to be this easy. Half brain damaged advisors aren’t supposed to thrive for extended periods of time — for a reckoning is supposed to come and wipe them the fuck out.

But here we are, in the stupidest shit ever — with nearly everyone with a brokerage account enjoying double digits returns over the past year.

Say what you want about it, profits have been increasing and business has been good, if not great. Unemployment is low, real estate prices high — America’s dominance has never been stronger.

President Trump’s tax plan was leaked (what else is new?). It’s likely to get shot down like Japanese zeroes over the pacific. Betting against anything Trump proposes is probably the very best bet one could take. Ergo, logic dictates that any optimism born from the details of such a plan should be faded and faded again.

I’ve been dealt a sour hand over the past few days — stocks have continued higher. My quant is higher again — by more than 0.6%, yet my speed chopping carrots with my balls on the table picks have been less than stellar.

Truth is, there isn’t a near term catalyst present to fade stocks. Nothing is out of the ordinary. N. Korea has cowardly shrunken behind their thick veils of secrecy and I’ve been left out here — stranded in bad positions — YANG, UVXY.

But I am hopeful.

Because the autumn is here and things are going to be dying soon, I am willing to give both YANG and UVXY another chance — a renewed lease on death which emanates from the darkest part of my soul. You’d be wise to unfollow me at this juncture — as I am most definitely going ‘off the grid’ into a place wrought with danger.

That was a whole lot of fluff — to simply say “I’m not selling out of my losers yet.”

While the lot of you enjoy yourselves, regaled in the blue mist of optimism, “The Fly” bows down and forks his knee sharply into the black dirt and awaits cataclysm.

I’d like to apologize to myself for wasting my time with the orange ape. The defeat of Luther Strange was predictable and it was clownish for the President to shill for him. But now that he’s lost, Trump thought it was a wise idea to delete his tweets, something I cannot forgive.

Sorry Trumpfags, you’re on your own with this one.