Crypto Currency Ripple Soars Again After CNBC Interview

Ripple (XRP) is now worth more than $50 billion, surpassing Bitcoin cash today as the third largest crypto currency. The market cap of Ripple was ~$230 million in January of last year. In recent weeks the price has truly take on absurd qualities, quickly shuffling from $0.24 to a record high of $1.34. I have no fucking idea what the true value of this crypto — but what I do know is that this morning’s interview with CNBC’s David Faber, discussing how Ripple could be used to settle financial transactions, certainly helped in making it look legit.

Here’s the CEO of Ripple discussing the virtues of his token.

So the latest bullshit out of Wall Street is ‘oh no Apple’s iPhone X only sold 10 gazillion phones instead of 10.1 gazillion; therefore we must sell.’

Umm, wrong.

Apple does $52 billion in revenues PER QUARTER — you brainless shitheads. The fact that you’re wasting more than a second thinking about their sales numbers and not buying stocks HANDS OVER FIST is a testament of how fucking stupid a shithead you truly are.

Here’s Art Cashin trying to gin up some passive aggressive panic.

“The negative news surrounding Apple cast a shadow over everything. Most of the tax, the Apple suppliers, etc., etc.,” Cashin said on “Squawk on the Street.” “We’ll see if they can shake that off and get started again here.”

Regarding the overall market Wednesday, Cashin said it doesn’t look “awe-inspiring.”

“We’re still waiting to see if the Santa Claus rally can get started,” said Cashin, UBS’ director of floor operations at the New York Stock Exchange.

On Tuesday, Cashin said President Donald Trump’s signing of the tax overhaul would distort the holiday rally, which generally runs through the first two trading days of January.

“This has been a dreadful year for seasonal patterns. Almost none of them have worked,” Cashin said.

“People didn’t know how [the tax bill] was going to be treated,” he added. “So that also may have thrown some other things off.”

What the fuck is Art talking about? Everything went up this year and the fucking Nasdaq is higher by 33 fucking percent, led by a 50% gain in Apple. I’d say that’s pretty god damned seasonal. Plus anyway, would it be an abomination to see some true assholes get blown out of the market here. I mean, come fucking on already with the rank amateurs banking obscene coin in stocks and cryptos day after day. Would it be the end of the world if the market killed these people?

All I know is that 2017 has been the best fucking year for stocks in a half a decade. People should be celebrating the year now, not fucking worrying about some bullshit sales quotas out of Apple for God’s sake.

Here’s what I’m fucking doing. I’m gonna find the most hated stock on the fucking planet, buy it, and then watch short sellers get trapped inside of it and burn.

While most of you are fixated on cryptos like animals in heat, gold is taking a gentleman’s stroll upwards, quietly sauntering higher in a drunken haze. Here have a look at my favorite chart.

I’m up a stick from where I bought the damned thing on Friday and look forward to more sticks in the not-too-distant-future. Let’s be honest with one another here: you have no idea what you’re doing in the market. You’re a salesman and halfway retarded when it comes to actually investing money. I could blow you out of the water in any sales presentation to a prospective client. Do you know why?

I just told you. You’re halfway retarded and I am a sophisticate with advanced knowledge of financial concerns and plus I’m quite personable. People generally like me and my colleagues usually take notes of the things I say during casual conversations.

So listen to me now, fucked face: get some gold.

I’m working on my fifth glass of Bordeaux this evening, whilst cooking a nice carrot, potato, and bean stew — vegan style. I see cryptos have continued their rally and felt it was my duty to report to you my sense of things, in spite of the fact they might be mild impaired at the moment.

You have reservations and I understand. The human nature is one of violence and extreme cynicism. But greed trumps all emotions and into the New Year it is extremely unlikely we’ll see a pullback in the best performing asset class. As a species, we are very ritualistic about the New Year’s, so find comfort in knowing there are monstrous gains ahead of you here in the crypto proxy space.

At the moment, my favorites are MARA, XNET and GSUM. But we’re baking them fresh daily inside the Pelican Room in Exodus.

As an aside, I appreciate all of you who took time to read my books and I doubly appreciate all of the reviews left for In a Car Made of Dynamite Heading for the Sun; but where the fuck are the reviews for Journey into Fear? How the fuck do you expect me to spread my brand of propaganda amongst the masses with just 5 measly fucking reviews? You want to give me a god damned Xmas present? Get the fuck in there now and leave two reviews, one under your name, the other under your wife’s account. This is truly fucked up and disgraceful. You should be ashamed of yourself.

The stock market is now fully enthralled by cryptos, sending any stock related to the sector sky bound.

Here were today’s standout winners.

TEUM +123%
IGC +90%
FTFT +42%
LFIN +35%
RIOT +27%
DIGAF +26%
DSS +21%
GLNNF +12%
PRELF +11%
SSC +9.9%
MGTI +9.5%
GROW +9.5%
XNET +7.3%
OSTK +5.3%

In anticipation of WTI breaking $60, I bought BBG, a laggard but also a shooter.

Let the good times roll.

We’re heading back into the crypto proxies inside of the hallowed halls of Exodus. With Bitcoin above $16,000 and the total crypto market cap nearing $600 billion, one must have exposure to the crypto proxy stock market — believe me.

I had previously sold XNET and MARA higher, so now I’m going back to the well for a second serving. God willing, it will be served deliciously hot.

FOR THE FUCKING WIN.

One of the major setbacks of running your own business and working from home is the ease by which one could transmorph into a sloth, slovenly loafing around — sleeping in to all odd hours of the day. There comes a point along the income spectrum where one becomes complacent; therefore heightens the chances of slothing about — especially when one works from home.

The wife is always in need of a good walk through the shopping mall and sometimes work doesn’t seem all that eventful. It’s only after escaping the bubble for a foray into the real world does one see the productivity of others and wonders to oneself ‘what the fuck have I been doing all this time?’

Naturally, there are valid arguments to be made for slovenly loafing, all to do with quality of life issues. Some men enjoy waking up at 4:30am, heading out to the gym like lunatics, then working tirelessly throughout the day — bright and energetic, trying to drum up business. Others like to loaf, wake up around noon to a platter of bacon and eggs, black black coffee, and then saunter about all day — shopping for red wine and maybe visiting organic farms all day.

The latter will enjoy his life more and if his income provides him with enough capital to finance his reckless lifestyle, he might go throughout life happy and completely idiotic. The former will likely die inside of a rancid men’s bathroom at 5:45am, after a solid hour of nutty cardio. His estate will be in order, however, providing his offsprings with enough money to allow them to saunter all day long, shopping for red wine, visiting organic farms.

At 41 years of age, I can comfortably say I’ve done both and prefer a happy middle. This being the day after Christmas, a slow day after a frantic week of panic shopping, I felt like sleeping in — despite it being against my best interests. My alarm went off and at first I snoozed it. When it went off again, I snoozed it once more. After the third time, I shut the damned thing off and woke up around 11am.

I fetched myself a mug of coffee and then picked up a book and then decided to check in on the website to see how everyone was doing. Much to my dismay, the quotes inside Exodus were down, which made me panic for brief moment; but then I remembered the issue and quickly emailed tech support, asking him to remedy it. Not having tech on demand makes fixing things hard. For those who don’t know, Jeremy left the site in June of this year, so tech support is now done by an outside vendor.

Stocks are weak, but my only holding in my quant portfolio is GLD, so I’m good there. In my discretionary trading account, JNUG is outperforming, but everything else is weak. It looks like a dreadful day for stocks. I’m gonna see about trying to fix that soon.

Christmas was just fine and we spent the evening at the movies, watching Jumanji. I highly recommend seeing it with the family. Now thru the New Year’s we should see a rally in crypto currencies of monumental proportions, but the real money to be made in crypto proxy stocks. If we’re following the dot com playbook and this is 1999, then expect markets to do well during the first half of 2018 — but perhaps pull back severely in January.

In January of 2000, the Nasdaq slid by 6.8% and rose by an outrageous 19% in February. I don’t expect to see those type of numbers posted here, thanks to the law of large numbers, but sentiment might follow a similar path. Everything is bullish now, so we could certainly see some profit taking in early 2018, especially from those who are delaying it now, in an effort to avoid paying capital gains taxes.

Consider the last two January’s following a big year for markets: 2013, 2009. The Nasdaq rose by 43% in 2009 and 38% in 2013, and fell in the following January by 7.6% and 1.5%, respectively.

But we are to buy the dips, with full vigor and tenacity.

My investment strategy will of course center around my quant, but for my personal account crypto proxies. I haven’t had this fun trading stocks since Hurricane Katrina wiped out Louisiana, providing oil stock traders with surreal returns. I’d give you my picks for tomorrow’s trade; but giving them to you would be like throwing them away.

They’re for closers only, top hatted gents and ladies of Exodus.

Good day to you.

NOTE: Cryptos are running higher this evening. Total market cap is once again edging towards $600 billion.

Are you happy you greedy son of a bitches? That’s not the Xmas greeting you’re accustomed to, but it’s one you certainly deserve. Believe me, Le Fly is more festive than most. I pay people to decorate the outside of my house. I buy inordinate sums of gifts and my house looks like Santa’s workshop. Therefore, I feel qualified when I ask you son of a bitches, “did you get everything you wanted and MOAR?”

The social pressures of exchanging gifts is too much to bear, even for a stubborn ox like me. There are little reasons to not splurge. After all, it’s only money and I have lots of it and can always make more. So if buying a few things will make my loved one’s happy, why the heck not?

But deep down, I know this is a reprehensible practice, perverting an otherwise sanctimonious holy day with wanton consumerism. Personally, my favorite holiday is Halloween — because it’s atmospheric, cheap, and fun. Xmas is a month’s worth of shopping and waiting on lines. No thanks.

I’m actually pretty stoked to trade some more crypto proxies. With Bitcoin and other cryptos rallying from the Friday lows, it should be an eventful trading day filled with 100% moves.

If you haven’t joined the league of top hatted gents in Exodus yet, do it now.