DEMOCRATS GET IN HERE: Trump Gloats Over the Death of Obamacare — Attempts to Induce Debilitating Sadness Amongst Liberals

Jesus Christ if I was a libtard I’d commit suicide after seeing this video. Look at Trump here, HIGH ENERGY, sticking needles into the heads of democrats, gloating over the death of Obamacare with his new GOP pals. None of those faggots are wearing pants in that shot. I am certain they took off their checkered pants before the speech and commenced to blow one another while defecating on a picture of Obama.

Not only did the democrats humiliate themselves with Yates today, they also had to watch this shit — absolutely egregious.

Before watching, do yourselves a favor, slip into a warm bath, slit your wrists, and then watch this as you drift into the sunset.

Sally Yates is the definition of a democratic shill. She knew nothing, said nothing, and she wasted the time of every God damned American who was looking for smoking gun evidence to finally send General Flynn to the electric chair.

Quite frankly, she embarrassed herself. More than that, she made all of the “intelligence experts” on Twitter, who promised massive revelations that would lead to the impeachment of the mentally deranged orange one, look like knuckle dragging mango skinners.

Instead, Yates made Trump look like Einstein and all of the GOPshills to be masters of the universe. Once again, the libtards shit themselves, got beat down Based Stickman style. I can’t remember the last time the democrats won anything. The saddest thing was to see them all living vicariously through France last night — pining for a cuckold of their own to call President.

Instead, they have Yates, Pelosi, and talking head faggots like Barney Frank, to press forward a broken and beleaguered liberal agenda that is centered around global warming, homosexual volcanos, ‘science’, spectrum based gender identities, criminally based migration programs, and a stupid welfare state — all helping to quicken the path towards a nightmarish dystopia.

Krauthammer sums it up.

Trump won again.

Sally Yates made the fake media extremely unhappy today — she said nothing but old news!

— Donald J. Trump (@realDonaldTrump) May 8, 2017

This will get lost in the sauce today, ahead of Sally “the hero” Yates’ testimony. But Fed’s Bullard admitted that he and his pals misread the economy and that hiking rates like a crazed lunatic, with GDP growing sub 1%, might not be a great idea.

“The first-quarter GDP growth was disappointing and it means we are starting the year in an inauspicious way…It was consumption growth that was weaker and that is a concern because consumption has been a strong point,” said Bullard, who feels in the current low-growth economic climate the Fed may need at most one more rate increase.

“On inflation the numbers were disappointing. We have been telling a story that we are trending back towards 2 percent and we went the other way,” away from the Fed’s formal target.

“I worry we get back into calendar-based policy…and not paying attention to what is happening in the data,” said Bullard.

Bullard has argued since last year that in a low-growth, low-productivity, low-inflation “regime,” the appropriate federal funds rate is less than one percent – about where it is now following the Fed’s most recent rate hike in March.

He said there is no reason to expect any of those dynamics to change soon, and no reason for the Fed to march rates steadily higher.

“The natural rate of interest, and hence the appropriate policy rate, is low and unlikely to change very much,” said Bullard. “The policy rate is approximately at an appropriate setting today.”

This is extremely bullish for stocks — because an accommodative and easy Fed is boolish for equities. My fear was for the Fed to hike and reduce the balance sheet, without realizing how shitty the economy was. Granted, earnings have been solid and unemployment is pretty damned good. But GDP growth is sucking wind and the distribution of wealth has never been more perverse. As such, Fed’s Bullard took a  major step here in acknowledging the possibility that hiking rates into a suboptimal economic backdrop might not be a great idea.

Should the Fed ease up on hikes, banks will do poorly, but basic resources, gold and everything else should rip higher. Bonds should do well too.

NBC news is reporting that President Obama warned President elect Trump about hiring General Flynn.

What does that mean? Furthermore, what has Flynn done to deserve the ire of the main stream media to this large degree? Flynn’s ‘Russian ties’ is centered around a phone call made to the Russians, after the election, discussing things like normalizing relations. It’s important to note, not everyone is convinced that ‘the Russians’ hacked the elections or had anything to do with Wikileaks.

So, ahead of Sally “the hero” Yates’ testimony, the MSM is trying, desperately, to paint a narrative around a kind hearted Obama looking out for the best interests of Trump — generously offering him sage advice against hiring Flynn.

Who believes this shit?

Source: NBC

Former President Obama warned President Donald Trump against hiring Mike Flynn as his national security adviser, three former Obama administration officials tell NBC News.

The warning, which has not been previously reported, came less than 48 hours after the November election when the two sat down for a 90-minute conversation in the Oval Office.

A senior Trump administration official acknowledged Monday that Obama raised the issue of Flynn, saying the former president made clear he was “not a fan of Michael Flynn.” Another official said Obama’s remark seemed like it was made in jest.

Wait a second, you mean to tell me a leftist democrat told a right winger to not hire another right winger? Fucking shocked.

In other news, Trump reminds people that Flynn had received the highest security clearance under Obama and to ask Yates about leaks, under oath.

General Flynn was given the highest security clearance by the Obama Administration – but the Fake News seldom likes talking about that.

— Donald J. Trump (@realDonaldTrump) May 8, 2017

Ask Sally Yates, under oath, if she knows how classified information got into the newspapers soon after she explained it to W.H. Counsel.

— Donald J. Trump (@realDonaldTrump) May 8, 2017

What’s amazing is how this non-story is being peddled around today, hitting #1 on Reddit, in spite of the fact that it is literally a nothing-burger.

Okay, I’ve had my fill with pretending to be a neocon. Trust me, doing this with my own money is a lot different than when I was running public money. My superfluities are exaggerated and the urgency to develop strategies that work are blurred by the daily hustle. But I will be getting back to basics soon. I’ve been developing some quant strategies in Exodus that I will begin to use. Many of you are familiar with our mean-reversion tools, for both macro and micro — but there’s a lot more built into the platform than meets the eye.

Anyone trying to do momentum, using algos, is fucking crazy. I will not attempt to execute momo strategies just yet — not until I’ve exhausted my last and final breath on the subject. Yes, I have been exploring how to approach momentum and if it’s possible to game it. Very hard.

Buying dips, aka mean reversion, is easy in a bull market — because dips get bought. Ergo, if you’re running mean reversion models, you look like a fucking genius when your signals succeed. However, the part that most people fail to take into account is allocation and risk. I have a keen mind about it and have developed new algorithms that assess risk.

Naturally, some will cast aside any semblance of hope and buy ETFs to help them build wealth. I have no problem, whatsoever, with ceding responsibility to passive or even actively managed ETFs — providing they’re doing a good job. However, and god damn it, our life’s mission is to do better — isn’t it?

A great man once said, “I shall now attempt to get rich, or perish in the fires of trying.” Quit surrendering to your insecurities and try to do better.

Year to date, I’ve nearly squandered my early UEC windfall, with gains less than 3%. I’ve been dicking around with a lot of nonsense — ideas and strategies based in emotion rather than data.

I think it’s a good time to step back and assess the market here — following a nice run by Amazon, Apple, Tesla, Netflix and Google. While the rest of the market has been, more or less, mired in shit for the past 3 months — a whole slew of high growth/high cash flow names have been quietly pressing new highs. My new approach will be two pronged — one based in technicals and another in fundamentals — something often eschewed by data reliant fags.

For now, 100% cash.

About a month ago, I wrote an article about the huge bid STRP had received and how it made the short sellers at Kerrisdale look like a pack of wild baboons throwing shit at one another.

Since then, both Verizon and At&t have been tripping over each other — trying to grab the company. Well, today, a new contender arises. According to the company, ‘an unnamed telecommunications company’ just upped the ante, stepped into the arena, and placed a god damned bid.

Shares of STRP are now shooting north of $200. This is truly becoming one of the most interesting and heinous short squeezes of all-time.

Source: CNBC

Straight Path Communications said on Monday an unnamed telecommunications company had raised its offer to buy the wireless spectrum holder, in the latest move in a bidding war with AT&T.

The unnamed company is Verizon Communications, sources familiar with the matter told Reuters.

The all-stock offer of $184 per share represents an enterprise value of about $3.1 billion, Straight Path said.

The offer reflects an equity value of about $2.3 billion, according to Reuters calculations.

That tops AT&T Inc’s offer of $95.63 per share or $1.25 billion, which was announced last month.

Straight Path’s shares jumped nearly 26.3 percent to $204 in premarket trading on Monday. Shares of Verizon and AT&T were largely unchanged.

Straight Path, which holds a large trove of 28 GHz and 39 GHz millimeter wave spectrum used in mobile communications, would give a new owner an advantage in 5G development.

Verizon and AT&T are seeking to gain an edge in the race to develop a fifth-generation network (5G) that would offer faster downloads and boost internet-reliant products such as self-driving cars.

Straight Path also reiterated that the unnamed bidder would cover the termination fee of $38 million that Straight Path would be required to pay AT&T if Straight Path picked another buyer.

The unnamed company had last week offered $135.96 per share for Straight Path and Monday’s bid tops that offer, Straight Path said.

What’s intriguing about these offers is the fact they are so far below where the actual shares are trading. I mean, the bid was last offered at $184, yet the stock is north of $200. Clearly, someone thinks another offer is coming. Get this, thanks to fuckheads like Kerrisdale, upwards of 40% of STRP’s float is sold short.

The rip-off artists at HZNP just guided down in a significant way — leading to the complete destruction of its shares, now down by 30%. This is a ‘roll up’ company that acquires drugs and then jacks up their prices, similar to the practices of VRX, MNK and ENDP. Companies like HZNP are what’s wrong with the pharmaceutical industry and they must be stopped.

A most heinous horizon awaits shareholders

Reports Q1 (Mar) earnings of $0.21 per share, $0.02 worse than the Capital IQ Consensus of $0.23; revenues rose 7.9% year/year to $220.9 mln vs the $248.71 mln Capital IQ Consensus.
Co announces its Board authorized a share repurchase program for ~10% of shares outstanding

Co issues downside guidance for FY17, lowers FY17 revs to $1.00-1.035 bln from $1.24-1.29 bln vs. $1.26 bln Capital IQ Consensus Estimate.

The Company revised its full-year 2017 adjusted EBITDA guidance to $315 million to $350 million from $525 million to $575 million, which assumes the lower net sales range and accounts for cost reductions, primarily in its primary care business, and a reinvestment of a portion of these reductions in KRYSTEXXA to maximize its long-term potential.

It also reflects an ~$20 million increase in operating expenses, primarily in R&D, for full-year 2017 related to teprotumumab.

The Company is raising its estimate of peak annual net sales for KRYSTEXXA to $400 million from $250 million

$HZNP – this quarter was a pretty significant miss in addition to the guide down. Primary care did $65.6M in 1Q17 vs $111.0M in 1Q16. pic.twitter.com/opdDm521rh

— Brad Loncar (@bradloncar) May 8, 2017

Naturally, conjoining the horrible announcement of their earnings was an acquisitions. They’re acquiring River Vision Development for $145m.

Legendary investor, Warren Buffett, sat down with Becky Quick from CNBC today to discuss the markets, life, and what it takes to be a gangster.

Here were some of the highlights.

Source: CNBC

On Apple

“I can very easily determine the competitive position of Apple now and who’s trying to chase them and how easy it is to chase them,” Buffett said on “Squawk Box” from Omaha, Nebraska, following Saturday’s Berkshire’s annual meeting.

“We happened to be well situated in terms of having these massive home furnishing stores. I can learn very easily how consumers react to different things there,” he said, referring to Berkshire’s ownership of Nebraska Furniture Mart. “You can’t move people by price in the smartphone market remotely like you can move them in appliances or all kinds of things. People want the product. They don’t want the cheapest product.”

On Amazon

When Warren Buffett was asked why he’s not buying Amazon shares, the billionaire investor had a simple answer.

“Stupidity,” Buffett said. He was speaking Monday on CNBC’s “Squawk Box.”

“I was impressed with Jeff early. I never expected he could pull off what he did … on the scale that it happened,” Buffett said to CNBC Monday. “At the same time he’s shaking up the whole retail world, he’s also shaking up the IT world simultaneously.”

“These are powerful, powerful ideas with big potential, and he’s executed,” Buffett said.

“I was too dumb to realize. I did not think [Bezos] could succeed on the scale he has,” Buffett said, adding that he “really underestimated the brilliance of the execution.” The investor humbly admitted that he and partner Charlie Munger “miss a lot of things, and we’ll keep doing it.”

On Google

On CNBC’s “Squawk Box” on Monday, Buffett said, “If I was forced to buy [Google-parent Alphabet] or short it, I’d buy it; same way with Amazon. But it’s as little hard when you look at something at ‘X’ and it sells at 10X to buy it.”

“That’s cost people a lot of money at Berkshire,” he said.

On Wells Fargo

Billionaire investor Warren Buffett told CNBC on Monday that Wells Fargo’s reputation has been hurt by the fake account sales scandal.

“[But] the fundamental earnings power of the bank over a period of years has not been hurt in any material way,” Buffett said on “Squawk Box,” two days after he held court at Berkshire Hathaway’s annual meeting.

“At Wells Fargo, you knew some stuff was coming up through the branches. Somebody didn’t pay attention to it,” Buffett said. “It’s just totally bad news.”

“They obviously came up with an incentive system that incentivized the wrong thing,” Buffett said. “Most businesses do that from time to time.”

“The big mistake was when whenever sufficient information had come back that this is producing a counterproductive effect … that’s the moment of truth,” he said. “If you don’t do it immediately and you let it run for a while, now you’ve got the ultimate problem.”

On a personal note, Buffett talked about Stumpf’s role. “I know John Stumpf and I don’t think it had anything to do with making money.”

On market exposure after events, like French elections

In an exclusive interview on “Squawk Box,” Buffett said he doesn’t make knee-jerk reactions about stocks after events like the French presidential election.

“It’s not a question of being in the market,” he said. “It’s a question of owning businesses. If I wanted to own farms, I wouldn’t be buying and selling them based on an election. I wouldn’t try to figure that sort of thing out.”

Buffett said he wasn’t waiting on the election results to make investment decisions. “I can’t think of what I really (would) have done much about purchases or sales in any election,” he said.

“When I was a kid, every time a Democrat got elected … there was a wake in our house, and my father would start storing sugar in the basement. So, I’ve learned to not put too much weight in any given election,” he said. Buffett’s father, Howard, was a four-term Republican congressman from Nebraska.

On IBM

“I would think the biggest value will come in when it actually replaces human labor, and machines don’t come round annually and ask for higher wages, and they don’t need health care, and maybe a little maintenance,” Buffett said on CNBC’s “Squawk Box.”

“It should replace people in a big way, unless some other products do the same thing,” he said, noting Watson’s potential for reading X-rays faster and better than humans.

“Watson is a pretty amazing invention,” Buffett said. “I’m sure the revenue is growing very significantly but from a very small base.”

“I think it has great potential. It has not come along as fast commercially as you would have hoped,” he said.

On GOP healthcare bill

One clear take away from the GOP health-care bill: We’re going to ‘cut the hell out of income taxes’ for the rich, says Warren Buffett

Warren Buffett is walking the floor at #BRKLiveStream https://t.co/kivJPf6OR2 https://t.co/yY9ChQtbi5

— Yahoo Finance (@YahooFinance) May 6, 2017

This was a fairly predictable event. Since so many people were out in front of the French elections, all of the indecorous booze hounds betting on a Macron win, it makes sense to fade it. The CAC is lower by 1%. Compounding those losses is the drop in the euro, off by 0.55% v the euro. If you’re an American investor long France in euros, today you’re fucked.

Copper is getting manhandled, off by 1.7% and crude has given up all of its gains — now lower by 0.22%.

Bonds are up, alongside gold, silver and bitcoins.

Becky Quick is doing one of those Warren Buffett interviews on CNBC today. Politics aside, that man is an amazing human specimen. In spite of his ancient age, he’s as sharp as a tack and still extremely relevant and energetic. The secret to longevity must be hidden inside those cherry coke canes.

When asked about the French elections and how it pertains to his investments, Buffett summed up his perma-bull modus operandi.

“It’s not a question of being in the market,” he said. “It’s a question of owning businesses. If I wanted to own farms, I wouldn’t be buying and selling them based on an election. I wouldn’t try to figure that sort of thing out.”

Globalism is back on track. I hope some of you retards weren’t too emotionally attached to the specter of auto mechanics uniting to rule the world. With Le Pen being routed and gutted like a pig, the recency of the nationalist movement and subsequent election of Donald J. Trump looks like nothing more than a brief sojourn in the long winding road towards dystopia. There are no arguments that can be made to suggest we’re barreling towards something better — an automated world, an incredibly shrinking middle class, disastrous demographic shifts amongst western societies that will crack everything asunder.

The world you once knew, for better or for worse, is gone. Civilization marches on to the symphonies of decadence — dazzling markets to reach new highs — bestowing gifts of capitalism upon the world, Darwinism 2.0 — the economic version.

Think about it.

WTI is up sharply, just as I expected. But copper is down 1.2%.

S&P futures are flat and Japan is in full melt up mode, higher by 1.8%

The fact that the euro is lower by 0.2% tells me the Macron win was already baked in. We’ll be trading off future expectations tomorrow, first of which is an appreciable bounce in crude. I am long ATI and OAS — my only exposure to basic materials. I’d consider a new position in CLF and CLR — if we don’t get too great of a rally tomorrow morning.

Additionally, my position in DB should continue to do well, especially now that Macron is willing and able to suck Merkel’s dick. Given the fact that Macron has an affinity for much older ladies, he might find Angela quite attractive. His wife is older than both Merkel and May, so watch out Europe, there’s a new cuckold in town ready to take orders.