During yesterday’s circle jerk with Schmuck Todd, John McCain lamented over the N. Korean leader, saying he ‘this guy in N. Korea is not rational.’
As usual, McCain hopes Trump will do something about it — such as starting a gigantic war.
Back on the Syrian front, McCain incredulously exonerated ISIS and other terrorist organizations for civilian deaths in the country — saying ‘of those 400,00 men, women, and children that have been slaughtered, they weren’t slaughtered by ISIS. They were slaughtered by Bashar Assad.’
And just like that, McCain has made ISIS the good guys.
On the issue of DC politics, Schmuck Todd asked if Trump had been ‘sucked in’ by the establishment.
McCain answered the only way he knew how, like a total asshat.
“I hope so [awkward laughter]. On national security, I do believe he has assembled a strong team and I think, very appropriately, he is listening to them.”
They missed earnings and subscription guidance, but no one really cares. The stock has taken on an Amazon attitude to earnings, heading higher on good or bad news. It has been anointed as a winner in the culture wars and the stock simply wants higher. That’s all there is to it.
Who remembers when this stock was $10 back in the DVD era? I was an early subscriber and thought it would, eventually, bankrupt Blockbuster and others. I was right.
After 9/11, there was a massive rally in shares of Blockbuster, Hollywood Video and I believe there was one more video rental play. All of them went bankrupt, eventually, but back then the theory was people were scared and wanted to veg out and watch movies at home, instead of going out.
I suppose the same theory lives today, with $NFLX and any number of network studios who produce original content, like $AMCX.
If there’s a lesson to be learned from the run in Netflix, it is embrace the winners. You don’t need to find a micro cap piece of shit in the hopes to find a big winner. All of today’s best stocks, $AMZN, $AAPL, $FB, $NVDA, didn’t happen overnight. They methodically worked higher over time, allowing advantageous investors to buy during intervals of weakness along the way.
Gun to the head pick: What stock is next to scale higher and become the next big winner?
It’s all very stimulative. The specter of massive war looms and the market loves it — because past history suggests wanton government spending is inflationary.
Stocks roared for the session, as predicted, this time led higher by financials. Across the board, there were 2% gains enjoyed by our beloved bank stocks.
It’s hard to describe what exactly happened today, other than just chalking it up to a party breaking out. Flutes brimming with champagne, satchels of cocaine passed around, exotic and rare animals eaten at the delight of a select few. I was merely a gawker in all this craziness, as my portfolio of warmongering stocks only climbed by 1% or so.
It was the banksters who had all the fun, as the forecasting mechanism that is Wall Street priced in better times.
The USS Reagan is permanently stationed in Japan, so linking up with the Vinson only makes sense. But the Nimitz is based out of San Diego, part of the carrier strike group 11, which has been out of commission for servicing since 2013. If the reports are correct, suggesting the Nimitz will join both the Vinson and Reagan, there’s a good chance N. Korea might get to enjoy some of our most recent armaments.
N. Korea’s state run Rodong Shinmun lamented over the massing of US military assets in the area as a “step for a pre-emptive attack”. Trying to describe the USS Vinson, the morons at the Shinmun called it a ‘gigantic mutant animal.’
The Vinson will arrive in the N. Korean theatre on April 25th.
RELATED: VP Pence saying the ‘era of strategic patience is over.’
You’re all watching the wrong commodities. For China, you should be watching copper and zinc, key tells on the global growth narrative.
Thanks to a boolish Chinese GDP number, base metals are climbing higher today.
There are lots of ways to plays this, such as HBM, VEDL, TECK or FCX. All of the metals have been beaten to a pulp, so this isn’t a case of chasing higher.
Personally, I still prefer to have a globalist neocon portfolio of stocks that can profit off the deaths of millions. Until Bill Kristol is somehow stopped, I will remain steadfast in my belief that war is the path of least resistance.
China is great again. They’ve got a great big wall, zero tolerance on their borders, right wing goon squads, and they have a booming economy. What the fuck, I love China now.
Chinese GDP surged by 6.9%, while debt financing rose by 12%. Imports climbed by an impressive 22.7% and the country seems to be complying with the wishes of our globalist champion of a President, Donald Trump.
Source: BBG
The first quarter figure is undoubtedly upbeat and encouraging and it seems to have changed the short-term sentiment substantially,” said Zhu Ning, author of “China’s Guaranteed Bubble” and deputy director of the National Institute of Financial Research at Tsinghua University in Beijing. “But a large part of growth is achieved by another unprecedentedly large fiscal stimulus, infrastructure investment, and debt escalation, which is currently being camouflaged by increasing housing prices and land values,” he said.
Look, there’s always going to be haters, people out there with an agenda to tear down China’s great big wall. While credit growth is nothing more than a shell game to trick the masses into thinking shit is good, China won’t have an issue raising money in the credit markets to further their exploration into the world of ponzi.
Steel output hit a record high in March, which should come in handy when Donald Trump orders our bridges and tunnels to be rebuilt from the very best Chinese steel money could buy.
At a minimum, the global growth scare is off the table. This news out of China should embolden investors to buy the dips in basic resources, something I touched upon in Exodus on Friday.
Remember Hamid Karzai? That was Bush’s puppet in Afghanistan, post Taliban. Thanks to Karzai, Afghanistan’s opium production rose an impressive 20x under his rule — fulfilling an insatiable appetite for drug addled Americans in need of firm opiate-laced needles in their necks.
Now retired, Karzai is pissed off that the current Afghan ruler, Ashraf Ghani, permitted the United States to drop the MOAB on their ISIS loving asses, saying, “How could you permit Americans to bomb your country with a device equal to an atom bomb?If the government has permitted them to do this, that was wrong and it has committed a national treason.”
Ghani’s answer to Karzai’s charges was, err, freedom: “Every Afghan has the right to speak their mind. This is a country of free speech.”
More from the former Afghan leader, calling the bomb ‘poison’ and bad for the environment — because ISIS is all about preserving a low carbon footprint.
Local villagers said they thought the end of the world was upon them, after the U.S. dropped a MOAB on the terrorists traversing underneath the ground in elaborate tunnels.
Via Daily Caller: “The earth felt like a boat in a storm,” one villager told The Guardian. He continued, “My ears were deaf for a while. My windows and doors are broken. There are cracks in the walls.” Achin’s Mayor Naweed Shinwari said “my relatives thought the end of the world had come.”
“Last night’s bomb was really huge, when it dropped, everywhere, it was shaking,” one resident told Reuters. He characterized the strike as a “positive move” to rid the village of ISIS fighters. One man who lived two miles from the blast area told CNN “we were all scared and my children and my wife were crying. We thought it had happened right in front of our house.”
Did you enjoy your day stuffing your fat faces with pasta and pork? The pastel colored holiday is one of my favorites, due to the weather and laid back nature of not having to do much other than eat. Last night we hosted a few people, played some cards, and drank a few gin martinis — ate a few birds.
Quick pro-tip: when hosting card games, be sure to lose most of them. If you go about winning too frequently, your guests will think you’re a wholesale asshole. Last night I lost 30 games in a row, only winning on the final hand — like any true gentleman of distinguished qualities.
As I type this now, I have a rib roast in the oven with root vegetables — eagerly awaiting to be drowned by a red wine gravy. I am particular about my gravy — as it must have fresh herbs and stock — properly filtered as not to possess any of the said herbs upon serving. In life, there are few things when the details are worth minding — food and drink are two of them. One of my better qualities is an ability to see details, down to the subtleties that often go unnoticed. I find there is a significance in just about anything made with care — an artful expression that should be appreciated.
I know these sentiments fall upon deaf ears — as most of you are banal, knuckle-dragging, miscreants — accustomed to teevee dinners and crafted beers. I cannot change any of you. More to the point, you can’t change yourselves either. Understanding the essence of living, having an appreciation for the finer things in life, takes a certain genetic disposition — disqualifying most to base lives amongst the bottom of the pyramid — relegated to a life an indecorous booze hounding.
Enough philosophy.
Now through June, stocks should start to get busy and really ripping heads off to the upside. All of my broker friends will be banking extreme coin — while I toil away on the computer like a typing monkey. I have my portfolio positioned for EXTREME GLOBALISM. I’ll be shilling so hard over the next two months, my neck might break from the whiplash. I do believe we are overdue for a truly great rally — a very big, very beautiful, very big rally.
Believe me, when I get done with this market, you’re not gonna know what hit you.
Peace and happiness on this Easter evening — iBankCoiners. Tomorrow we skin some bears alive and burn their estates down to cinders.
For the record, I fully support these violent outbursts and will not be one of those people who, hypocritically, call for ‘right wing goon squads’ to sashay throughout the country, while putting down the left’s right to ‘express’ their democratic freedoms.
Growing up in Brooklyn, pre-gentrification era, the way we settled disputes in my neighborhood was to punch each other in the face until both parties were exhausted. After the fight, we’d make up and go chase down an iced cream truck together and then see about a game of stickball.
Now today a bunch of Trumpsters descended upon Berkeley, in an effort to rally for ‘free speech.’ You and I both know they went there angling for a confrontation. Lucky for them, there were plenty of left-leaning scum, with enough time on their hands in between smoking legal marijuana at their local skateboarding parks, to oblige them.
On the right were genuine American heros, clad in capes and make shift armor — adorned in the splendor of the American flag. They fought bravely and with honor.
The investment landscape has been moribund for the past month. Much of the Trump inspires gains have been ceded to the market forces — taking some names all the way down into bear market territory — down more than 20% for the year.
Here are some large cap names ($10b+) off by 20% of more for 2017.
$FNMA, $CVE, $LB, $TGT, $FMCKJ, $HPE and $HES.
And here are some that are approaching -20%.
$QCOM, $AV, $SNAP, $APA, $AAP.
When I reduced the market cap screen in Exodus to $5b-10b, here’s what stood out.
