Things Learned About the Nice Terror Attacks

The driver was known to police for violence and weapons, but not terrorism. He was a 30 year old French-Tunisian national. He was born in the shithole of Tunisia, moved to France and grew up hating France so much, he ended up doing this. Religion of peace.

The truck he weaponized to maim and kill revelers was rented by the terrorist scum.

Inside the truck were fake guns and inactive grenades. What the fuck is that all about?

He drove over a mile at speeds up to 70mph, zig-zagging along the way, trying his best to maximize casualties. Eighty four people were killed, scores injured and another 20 are in intensive care.

There are reports that he was driving, and simultaneously shooting at people, like a fucking cartoon character, but that hasn’t been confirmed thus far.

Amongst the dead are two Americans, a father and son enjoying Bastille Day–watching the fireworks on the coast of France.

He promises to take firm action against ISIS. But we know he will do nothing.

Milquetoast.

He has canceled the announcement of his VP candidate, which was scheduled for tomorrow, in light of these horrific attacks.

This is heartbreaking.

More footage.

Seventy three people are dead and 150 wounded, after a terrorist barreled through a crowd celebrating Bastille Day in Nice, France. Here is video footage of the aftermath.

UPDATE: Explosive, guns and grenades found in the terrorist truck.

A truck driven by scum crashed into a crowd of people watching fireworks, celebrating Bastille Day. The attack has left at least 60 dead and well over 100 injured. The driver exchanged fire with police and there are reports of a hostage situation in a nearby hotel.

UPDATE: 73 dead.

I’m sure the good folks over at CNN merely had a little technical trouble during this reporter’s analysis.

What do you thinK?

The title was designed to get a stupid reaction out of you. The past 10 days have been of the pornographic varietal for bulls. You’ve been able to trade at your heart’s delight, sashay in and out of work a huge dick swinging winner. But I am here to inform you, unfortunately, ALL GOOD THINGS END.

With that in mind, need I remind you we are entering into a world where reality rules? Earnings season is upon you, the purge that separates the chaff from the wheat.

Regarding today’s action: not impressed.

Breadth stands at a paltry and pathetic 61%.

The biggest winners are airlines and banks.

Lastly, and most importantly, the Bubble Basket index in Exodus, a supreme barometer of risk, is only up 0.4%. Clearly, there is distribution taking place now.

Understandably, one might misconstrue this post as something equal to soured grapes. I promise you that I have no desire to make mountains of money on the short side, nor am I upset about not being long during this recent ejaculation of prosperity. I am merely a man near the woods, sitting on a bench, watching all of the pigeons do stupid things.

In my opinion, this is the single most important driver in the risk off camp, for now. The negative yield environment was feeding on itself. It was fomenting both fear and greed amongst equity and bond traders. In an amazing move today, bunds got decimated and yields went from -0.13% to -0.03%. The way markets are moving now, with forex and commodities all cooperating and such, I would expect bunds to claw out of the deflationary vortex by tomorrow.

This, of course, will lead to another joyous rally, one filled with popping champagne corks and crazy people getting tattoos of the Wall Street bull on their arms.