BRACE YOURSELVES FOR ARMAGEDDON — INDICES PLUNGE — THE FUCKING MEMO IS COMING — ALL IS LOST

Good morning lads. On this joyous day when we genuflect and bow down to the ancient creature called the groundhog, I bring you news of broken elevator trading action in both equities and cryptos. Don’t believe any other news story but this, when trying to figure out where it all went wrong. See, people believed in the HODL, tossed money into the furnace, and now it’s gone. Shattered dreams and stretched out credit card balances have led to a 50-90% decline in the crypto currency sector, maligning the major cryptos and reducing their prices to laughable levels of smugness.

This has spilled over into the general market place. After all, total crypto losses are in the magnitude of $400 billion since the highs — real money. Dow futures are now off by 234, but both gold and oil are flat to marginally higher. Over in Europe, the DAX is off by 1.36%.

Here in America, the fucking memo is coming and it will destroy the FBI as we know it. How glorious. While we’re taking out American institutions, why stop there? Does anyone have a memo that might destroy the Federal Reserve or Board of Education? I cannot think of a time when a secret memo lived up to its hype — but this one, according to all of the people close to it, promises that it will.

I’d love to sit here with you and write all day, highlighting the amount of money you stand to lose today — but I must be going now. I have exposure to the markets and need to take a good look at the internals and make a judgement call as to raising cash or buying more. Into the close of trading yesterday, I did raise some cash, so I have some dry powder to work with now.

God speed.

The recriminations are going to be surreal — a green investor class with zero experience and ability to sustain losses — leveraged to the hilt through credit cards and second mortgages — sold on the idea that Bitcoin and other cryptos would trade higher forever — are now under siege — getting ripped from lion to limb in broken elevator trading action akin to what equity traders bore during the 2008 market crash — only this is happening with decentralized, non-regulated, alacrity.

I do not poke fun at anyone enduring loss, but merely find it interesting when a nonsensical narrative falls apart. Bear in mind, I too got sucked into this trade, but with only a very small amount of iBC assets. My plan was and still is to dollar cost average over the next 12 months. I will be making some cheap purchases for the month of February, perhaps even cheaper ones in March.

With the crypto market cap now at just $420 billion, total losses from crown to root now approach $400 billion, aka real money. This is AIG bailout type money, Citigroup government emergency bailout at midnight type money.

The ramification will be deflationary and we should expect volatility to increase, as HODLers run for dear heavens into the comfort and confines of the US dollar.

How many times do we have to go through this? Volatility is always to be faded, especially when you little fuckers get panicked.

Both AAPL and AMZN smashed earnings and are higher in the after-hours. Nasdaq futures are +44 and no one gives a shit that Bitcoin is about to break $9,000 to the downside. The big VC already got liquid on Joe Schmo who was depositing his paycheck into his local Bitcoin ATM machine the past year, thinking he found the magical fucking shortcut to fame and wealth. Guess what? You didn’t. You’re not the clothes on your back or the money in your account. You’re just an insecure faggot who defied the laws of economics and got ransacked as a result.

That being said, I’ll be buying some more cryptos during the month of February.

Back to the narrative at hand. My XIV position is grand and will be grander tomorrow. I am already +10, a meager move in light of my recent successes. Nevertheless, I purchased this magnificent financial product for my great, great grandchildren and look forward to leaving it for them when I am dead, at a price no less than 100,000 per share.

Markets were slightly higher today. HOWEVER, cryptos and pot stock aficionados were throughly ravaged about the cheek and gum.

Here are two cannabis stocks for you to laugh at.

And a cannabis ETF.

The whole sector is like that, which comes as a severe scolding to the Canadian cucks from the north. I am always amused by their schemes. Canadians are very similar to the Chinese in this regard. Because they’re unable to achieve true greatness, they’re susceptible to committing fraud and forgery, always mountebanking around town in a most dishonorable manner.

It should not come as a surprise to anyone bearing witness to both cryptos and pot stocks being blown the fuck out at once. They share the same user base — stoned out faggots trying to get billions by way of criminality.

On a more distinguished note, I bought ESV and sold out of a bunch of my positions, many of which were Chinese, just to have a clean slate. My top performer and favorite pick at the moment is XIV. I am +10 from my basis and looking for MOAR.

The new portfolio is up now in Exodus. January was fantastic, which was buoyed by a very strong market. But do not misconstrue that strength in mega caps for the overall tape. As a point in fact, my quantitative trades are based upon the premise that market cap spectrum has a huge effect on overall price performance. We saw massive divergence in returns for January, with mega caps returning ~+6% and mid and small caps less than +2%.

I was positioned almost perfectly. My returns would have been slightly higher had I not been in gold and if I had more tech. But the rules of the portfolio dictate that I can’t have more than 2 stocks per sector at a time. Ergo, I was concentrated amongst a handful of mega cap stocks that fit the criteria the system sought.

My sense, February will not be this easy. Nonetheless, I look forward to the challenge and will be posting my monthly returns all year so that you retards can see how a real man invests, systematically.

My right wing friends often complain to me about TWTR, FB, AMZN and GOOGL, sometimes even NFLX, over free speech abuses or content that is objectionable. While many of those claims might be valid, I want to remind you that your job is to make money first, everything else comes after that.

Case in point. FB is hated by nearly everyone I know, yet how do you explain the numbers they’re spitting out on a quarterly basis?

These are exactly the type of revenue and earnings graphs that you want in your portfolio. Free free to take the gains from these stocks to help fund your animalistic desires to destroy them.

I’m not a believer in boycotts or basing my consumption of goods and services based upon some moral code. I like to think of myself as an ethical person with high moral standards. However, I also like to enjoy life and avoid unnecessary tumult. Injecting politics into your investments is a cardinal sin. If you’re letting juvenile bias cloud your judgement, perhaps you should let someone else run your money for you — permitting one of those evil money changers grow your money, helping to finance your political aspirations.

Stupid fucking shitheads.

Lots of fake headlines out there this morning, blaming the drop in futures to comments by the Fed. Let me remind you that the Fed has been jawboning about higher rates for years. The reason why stocks are pointing to a -140 open is because there are more sellers than buyers. I realize there isn’t anything aesthetic about that — but it’s the truth.

We were hotly overbought and now we’re working it off. Relax.

Bond yields are spiking, but nothing too crazy. In Europe, both Swiss and German yields are up way more, yet Spanish and Italian yields are lower. In other words, people are buying shitty higher yielding German bonds and selling the quality. Makes sense.

WTI is higher by 1%.

My previous headline is ancient history, pointing to a few hours when crypto currencies were up. Now they’ve resumed vapor-lock, unlimited slide mode to the downside. For people with little exposure to the cryptos, this is a fine moment to be buying into this shit-filled asset class — not because they’re worth anything — but just for the pleasure of buying into the panic and the misery of an underclass investor who is being thoroughly dispatched from the market place.

Hey HODLers: welcome to the underbelly of greed — the sordid toxicity of malevolency that has racked men from the beginning of speculation. Don’t worry, it’ll soon be over and those Bitcoin ATMs will be towed out from your corner bodega, rendering this whole idea of unlimited gains into the billions to be something akin to a passing ship in the night.

Come, join us, become billionaires. Learn about the crypto currency pic.twitter.com/ChqaGfYLNN

— The_Real_Fly (@The_Real_Fly) February 1, 2018

Total crypto market cap now ~$477 billion, off a solid $230 billion from the highs. BTC is nearing $9,000, Ripple $1,000, and here are some of the biggest losers.

S&P futures are +2 and oil is the standout — higher by 1.1%.

Here are this morning’s movers.

EGOV -17.5%, ASX -14.4%, OMI -11.3%, PYPL -7.7%, RL -7.3%, NVO -5.1%, MUR -4.7%, APU -4.2%, SYMC -3.7%, UPS -3.5%, BABA -3.3%, VOD -3.2%, HSY -3%, TSCO -2.8%, APTV -2.2%, CTXS -1.9%, NOW -1.9%, BSX -1.6%, LAZ -1.5%, CRS -1.2%, BAX -1.1%, QCOM -1%, (also expands its global patent cross-license agreement with Samsung covering mobile devices and infrastructure equipment), RDS.A -1%, MSFT -0.9%, DWDP -0.9%, MO -0.7%, PH -0.7%

ONCS -14.4% (commences common stock offering)
RIOT -6.9% (confirms its Annual Meeting was adjourned for a second time to achieve a quorum on the proposals to be approved — under Nevada law, a new record date is required to be set)
DPW -5.3% (ongoing volatility)
NVTR -4.6% (commences common stock offering)
GNBC -2.7% (to offer 3 mln shares of common stock in secondary offering by selling shareholders)
Analyst comments:
CMG -2.3% (downgraded to Sell from Neutral at UBS)
ESRX -1.6% (downgraded to Underperform from Mkt Perform at Bernstein)
NVDA -1.5% (removed from Conviction Buy List at Goldman)

QNST +12.5%, KEM +12%, QRVO +11.9%, OTEX +11.5%, EBAY +10.3%, NOK +9.6%, TUES +6.9%, ST +6.7%, VRTX +6.2%, (selects VX-659 and VX-445, two next-generation correctors for phase 3 development as part of two different triple combination regimens ), QGEN +4.5%, (also to acquire STAT-Dx), T +3.7%, USG +3.5%, MKSI +3.4%, ESIO +2.5%, FB +2.5%, NOG +2.5%, MPC +2.4%, ALGT +2%, X +1.9%, VLO +1.8%, DGX +1.6%, UN +1.3%, MA +1.3%, AME +1%, TWX +0.9%
Other news:
LTBR +25.7% (awarded key patents in Europe and China for innovative metallic fuel design that each extend through 2034)
ZN +18% ( launches new $5 per share Unit Program of limited duration during the month of February)
SNDX +6.4% (announces clinical collaboration with AstraZeneca)
VRTX +6.2% (reports Phase 2 data showed mean absolute improvements in ppFEV1 of up to 13.3 and 13.8 percentage points for VX-659 and VX-445)
P +3.1% (announced organizational restructuring that shifts resources to focus on ad-tech and audience development efforts)
GPRO +1.3% (GoPro rolls out enhanced subscription service)
SGEN +1% (prices 11,538,461 common stock offering at $52.00/share)
TEVA +0.8% (discloses entry into settlement agreement and mutual releases with Allergan)
Analyst comments:
WLL +2.5% (upgraded to Neutral from Sell at Goldman)
PBR +2.5% (upgraded to Neutral from Sell at Goldman)
TTWO +2.4% (initiated with a Overweight at Morgan Stanley)
STO +1.3% (upgraded to Neutral from Sell at Goldman)

It was a very dire two days — but it’s over now and the market is about to break necks to the upside again. Dow futures are +75, Nasdaq +21. Gold, oil, and copper are all up and crypto currencies are in rally mode.

Over at Binance, one of my storage plays ELF is the biggest gainer on the exchange. I expect volatility will collapse, paving the way for magnificent gains in my XIV position.

On our 6 month algo in Exodus, an oversold signal registered today. This isn’t our principle algo and trades are not often decided by it — but it’s worth noting its track record is flawless, as far as inflection points are concerned.

This is exactly what the system was built for, highly precise mathematical mean reversion AI — proving users with an unseemly edge in the markets.

The NIKKEI is up more than 300, China, and Hong Kong higher. FB crushed earnings, which will buoy my quant portfolio, which is scheduled to be updated tomorrow. Life, as we presently understand it, is good.

I discussed the Ponzi scheme that is Bitconnect a few week ago. Read it here.

See the chart, $450 to drill bits.

Enter Carlos, the Bitconnect guy. He did this video when things were good. Bitconnect was ripping to record higher and Carlos was the shit.

And now see Carlos’ haunted Bitconnect mine.

There are scores of videos out there like this. Feel free to contribute to this epic moment in crypto currency history.