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Dr. Fly

18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.

Dallas PD Detonate Robot to Neutralize Terrorist

Instead of sending in cops into harms way to take out one of the terrorists who shot 11 and killed 5 officers, the Dallas PD affixed a bomb to a robot designed to disarm bombs and blew that shit to smithereens, taking out the suspect with terminator qualities.

“I saw no other option but to use our bomb robot and place a device on its extension for it to detonate where the suspect was,” Brown said. “Other options would have exposed our officers to grave danger. The suspect is deceased as a result of detonating the bomb.”

Most of the injured Dallas police officers have been released from a hospital, Brown told reporters. The officers’ conditions are improving, Brown said.

“All I know is that this must stop — this divisiveness between our police and our citizens,” Brown said. “We don’t feel much support most days. Let’s not make today most days. Please, we need your support to be able to protect you from men like these, who carried out this tragic, tragic event.”

“I’m not going to be satisfied until we’ve turned over every stone. We’ve got some level that this one suspect did do some of the shooting. But we’re not satisfied that we’ve exhausted every lead,” he said. “So if there’s someone out there who’s associated with this, we will find you, we will prosecute you, and we will bring you to justice.”

Thus far, 3 suspects have been arrested, including a woman, while the 4th has been droned out in a parking garage.

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June NFP: 287k v 175k, Futures Soar

New jobs for the month of June soared by 287k v estimates of 175k. A ripple effect that suggests the Fed will hike rates just reverberated throughout the market.

Gold plunged, -1.6%

Treasury yields soared. The US 2yr is 0.625%

The dollar is firming

And lastly, futures are spiking, now +92.

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If traders took the cocaine straws out from their noses, they’d realize we’re in a catch 22, Morton’s Fork, scenario. All roads leads to Damascus.

A Fed hike will be deleterious to the economy. One needs to accept the fact that more jobs at TGT and WMT doesn’t mean the earnings recession we’re mired in will improve. The Japanese economy has enjoyed a very low unemployment rate for years, yet their economy sucks.

In other words, a better NFP number is meaningless, complete rubbish. The Fed can only menace the markets will higher rates. They can’t really do it without causing a catastrophic drop in the indices.

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Does This Look Like a Bull Market?

Banks are the epicenter of any economic cycle. Stop pretending they don’t mean anything. I beseech you to remember the lessons of 2008.

Year to Date returns for choice financials

LC -61%
RBS -53%
FXCM -51%
CS -50%
DB -48%
LPLA -46%
BCS -44%
JLL -42%
WDR -42%
WETF -39%
LYG -38%
NMR -38%
GHL -37%
AEG -36%
VOYA -36%
SC -36%
VRTS -35%
MTG -35%
GNW -34%
FDC -33%
LFC -32%
MTU -31%
PUK -30%

Major Indices

Germany -12.3%
France -11%
England +4%
Spain -16%
Italy -28%
Switzerland -10%
China -16%
Hong Kong -6%

America +2.6%

And this is what you get excited about? Really? Buyer beware.

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Eleven Police Officers Shot In Dallas

The latest reports indicate 11 officers were shot, 4 dead and another 3 in critical condition. Officers said the shootings were done by two men, clad in cammo and and body armor. They were perched high in a sniper’s position.

One of the shooters is in custody, the other at large. Police have released this photo and are asking for help to apprehend him.

Shooter

The Dallas PD have released this statement on Twitter.

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UPDATE: The man in the photo released by the Dallas PD has turned himself in.

UPDATE: BOTH SUSPECTS ARE IN CUSTODY. Well done, Dallas PD.

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Eyewitness Describes Seeing Dallas Police Officer Shot

It was a harrowing scene in Dallas, with reports of at least 20 shots fired. This eyewitness, interviewed by Fox News, said he saw an officer gunned down and described the events that led him to seek refuge, after being shot at himself.

Update: reports suggest 3-6 cops were injured during shooting.

Update: There are two gunmen. The first one has been ‘neutralized.’ The attempt to neutralize the second one is underway.

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Two Police Officers Shot in Dallas; Police Warn of Man with Rifle

Fox news is showing live footage of what appears to be several police officers down, after reports of shots fired. Dozens of cops are on the scene with guns drawn. In the vicinity, there was a black lives matter protest underway over the two black American men who were gunned down by police officers.

These events upset me a great deal and hit home, closer than you know. The images are of course disturbing and all of this sensationalism by the media only divides people more and causes hateful events like this to unfold.

Update: Police have surrounded a garage on Lamar and Commerce in Dallas and have guns trained for possible active shooter.

Dallas3

An eyewitness is reporting at least 20 shots in rapid succession were heard.

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Colombian Cocaine Output Soars, Thanks to the End of Aerial Spraying

In order to protect the environment, Colombian officials decided to end the practice of killing coca crops via aerial spraying. It was becoming onerous to some birds and bugs. As a result, farmers have been planting and sniffing endless hectares of cocaine to their heart’s desire.

Naturally, this is good news for drug addicts in the Hamptons, who regularly ingest ‘nose candy’ during their summer parties. Wall Street loves cocaine and prefers to have an abundance of it.

Coca output rose 39 percent to 96,000 hectares in 2015, Defense Minister Luis Carlos Villegas said, citing data from the United Nations Office on Drugs and Crime due to be published Friday. Guerrillas of the Revolutionary Armed Forces of Colombia, or FARC, are telling farmers that they’ll receive subsidies to switch to legal crops after a peace deal is signed, according to the ministry.

“They haven’t replaced eradication with anything,” Isacson said. “They have made no move to go into these coca-growing areas and provide people with other alternatives. They took away the stick and didn’t do any carrot, and the result is a lot more coca.”

In the United Steaks, there are roughly 45,000 drug related deaths per annum, of which a mere 5-10k are cocaine related. Thank God for environmentalists.

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A New Kalobios is Set to Scorch a Freshly Minted Group of Idiot Traders: $LEDS

I read somewhere that an insider bought some stock, in this lowly ranked piece of shit LED company. Whatever the case may be, just like I foretold the doom that beckoned in the shares of KBIO, I am telling you now that this is going to end in ruin too.

LEDS

I used to trade this stock, mainly for fun, when it was a dollar. Now that it’s $10, every fucked face on StockTwits wants to play it. Don’t you understand, this is a ponzi scheme? The company might not be scheming, but the share price manipulation will end in a pile of bones.

I understand your rationale for wanting to play this. You figure the float is so small, currently about 1.5 million shares, and the momo is strong. By the looks of it, you might be able to eek out a quick 50% gain, no? This way of thinking has destroyed more traders than anything else. When you stop to think about what you’re doing, you will realize that you’re playing with fire.

If this post convinces just one person from diving–headlong—into a empty pool filled with sharp stones of granite, then I’ve done my public service for the day.

Quit trying to take short cuts, you fucking booze hounds.

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