Asshat of 2015: Martin Shkreli

Before you read my post, watch this video.

I realize this small potato is being derided in the public square, a spectacle for the unwashed mob to throw their soured cabbage. He is the most hated man in the world and to some deserving of The Catherine Wheel. The truth is, this sort of insidious practice has been taking place for a long time, in our beloved pharmaceutical space. How else do you think BIIB and AMGN make all of that money?

However, two wrongs do not make a right. Moreover, this moron is especially obtuse, well deserving of the 2015 Asshat of the Year award.

Check out his latest tweet.

If I follow his logic, because this drug only affects 2,000 or so indigents, it’s okay to rip them off and purposely cause their deaths. This is Scrooge McDuck thinking, a bitter child with a new toy taking advantage of those who want to use it. I hate this side of human behavior. Whenever greed is mixed with avarice, an asshole is born.

Fuck your capitalistic rebuttals. I get “for profit” and how it is the engine for innovation. But in this particular case, after studying his background, he’s just a dipshit trying to fleece sick people who need this drug to live. This pill was $1 just a few years ago and has been bought and sold from one company to the next, eventually reaching $13.5. Good old Marty comes along and jacks the price, overnight, to $750. Bear in mind, this is a drug that has been around for over 60 years and is without patent protection. Theoretically, any generic drug company can file an NDA and put Marty out of business.

I hope it happens.

Oh, during tonight’s news Marty said he’d buckle to public opinion and lower the price from $750 to an undisclosed amount. Perhaps he’ll be gracious enough to reduce the annual cost from $600,000 to maybe an affordable $500,000?

ASSHAT!

Oh by the way update: It was because of Marty that Hillary Clinton made that comment regarding excessive drug profits. The result, over the past two days, has been a -9% drop in the biotech index, or many, many billions of dollars in market capitalization.

Update: Zerohedge has some interesting color on Marty.

This was too much for me to ignore. Instead of feeling suicidal, I was invigorated by what I saw. The algorithms tap into the psyche of the reader class and know when you’re about to jump off that cliff. Right now, Exodus is spitting out insanely low scores, reminiscent of the 2009 bottom. As a point in fact, the last time scores were this low was September 22nd, 2011. Go look it up. How’s that for symmetry? Mind fuck.

Aside from that, everything else is circa 2009, 2010.

Plutonium Petey still has 15% cash. Aside from that, I’m racing, full fucking speed, towards the sun in a car made from dynamite sticks.

Tomorrow is a pivotal day.

DON’T FORGET TO LIKE OUR FACED BOOK PAGE. It’s important that I be permitted to spread my brand of propaganda to the Grandmother class there.

I averaged down in BIDU.

Literally, fuck my life.

Over 100 NASDAQS were lost today. You might still be fighting the good fight, trying to outflank the bears with sophisticated tactics. It’s too late, for they are armed with Tsar Bombas and will soon reduce you into a science lab skeleton for all of the children to laugh at.

Hillary Rodham Clinton took a look at the biotech sector and saw an opportunity to get short. She ran to her private email box and contacted all of her Washington friends to sell short biotech, ahead of her comments. Many of these fine gents bought LAPD and are quite erect right now, excited from the profits.
Granted, once President, Hillary wouldn’t dare mess with the healthcare lobby. She’s bought and sold by them 100x over. Perhaps she wasn’t getting enough donations from them and used yesterday’s comments to motivate them.

Needless to say, with the drop dead trading action of -3.5% in the sector today, I am sure she has their undivided attention.

Biotech is one of the pillars of this market. With it careening lower, managers are forced to seek out funds elsewhere to raise cash. If they aren’t selling BIIB outright, they will sell something else. Bottom line: when leadership sectors get lit up, it tends to have a domino effect on the overall market. That’s what today is all about.

We are severely oversold. Nearly every sector is being destroyed, a familiar tune as of late. There isn’t any respite, not even utilities. This is hell, gentlemen.

I hope you enjoy your stay.

Yesterday’s tepid rally was nothing more, or less, than a trap. European markets are being drilled into the floorboards, then anvils are being tossed onto them. Before the day is over, they’ll be down 4%.

I haven’t even bothered to turn on the television or read as to why futures are off by 250. I merely accept this circumstance as a part of life, something to wade through before my ultimate pineapple coffin destination.

As a young lad growing up in the sewers of Brooklyn, I always imagined a life like this. I’d go to work everyday, tortured by the stock market, then I’d die from a massive laser beam to the face, one day, amidst plenty of pomp and glory. Folk songs will be written about me, the man from the internets who used to trade stocks, until his fucking face was melted off by a laser beam to the chin.

I’m accepting of the bear market and only regret not acting sooner. But going forward, and especially after the dust settles, I know that old man stocks that pay large dividends will be where my fellow “industry professionals” will find shelter, away from the winter winds of annihilation.

I’m the oldest man you’ve ever seen. Tonight I preside over you in a wooden wheeled chair, with a burlap blanket over my legs, sitting fireside. I’m mad at the young whipper-snappers and hate them cavorting about my lawn.

Tomorrow morning I intend to head down to Wall, with my cane, and bang it on the door of the NYSE to ask for my shares. I will buy stock in some of my favorite old man stocks and demand that my certificates are handed to me, in person. In case any of you are thinking about robbing me, I will be escorted by a dozen or so Pinkertons who have orders to “shoot to kill”, should anyone approach me within 5 feet.

Damn all of your biotech stocks to hell. I hope your so called tech stocks barrel towards bankruptcy, leaving all of its employees and C-level executives in a pile of ruin, dressed in losses, their cupboards empty from an expeditious bankruptcy.

My conservative style of investing shall become the envy of all, soon enough. Stocks like K, GIS, CL, CLX and PG will offer haven during a period of “extreme hell” to the rabble-rousers who prance around Wall eating heads of cabbage and spicy goat’s brains.

Going with my new theme of necessities for the survival of the human species, I started a mid-sized position in UNFI. The stock is inexpensive based off historical valuation metrics, coming off a solid quarter.

God willing, the country will devolve into anarchy and their fine trucks will be used to provide FEMA employees with food-stuffs, to help nourish them while capturing and detaining ordinary (extra Moriarty) U.S. citizens.

I’ve racked my brain as far as it could go. I’ve twisted in the wind for weeks, trying to discern the direction of this tape. I’ve concluded my studies.

Invest like we are entering a global recession–because we are!

Russia, Brazil (fuck you, I will not spell it Brasil), China, Australia, Canada and many more are enjoying “bullet to the head” economic deceleration. Let’s assume the eastern winds are truly howling and the PE ratio of this market is about to be taken down by 20%. Where will investors flee to?

There is precedent to all of this and the writing is already on the wall.

Consumer staples are near their 52 week highs: food, cleaning products, alcohol and beverages.

Instead of firing off a bunch of meaningless crap, I will tell you of my first purchase: CLX.

I’ve purchased Clorox, right here, in moderate size, expecting new highs in the coming weeks and months ahead. Additionally, I bought a little more SHAK, nibbled on it, due to boredom.

Seriously, tho, the market is exhibiting signs of extreme risk aversion. It makes sense to load up on some high dividend paying consumer goods names now. Worst case scenario, you’re wrong and lose a few percent on the trade. The alternative is to keep buying high growth and get placed on the Catherine Wheel for another -25% drubbing.

A few hours ago, Hillary tweeted this:

As much as I’d like to deride her for being a communist, I cannot. The healthcare system is such a farce: it’s painful for me to even think about all of the money I’ve paid for insurance, year in and year out. Truth be told, America has the best innovation in medicine because our companies are flush with cash that is given to them from the morons who occupy hospital beds.

Drugs are absurdly overpriced and something needs to be done in order to reduce healthcare costs.

That being said, Clinton’s comments have resulted in a rout in the biotech sector, to the tune of 5%. For me, the sector is too sensitive to risk to delve into right now. I need lower beta, a few infield hits before I am ready to swing for the fences again.

I am having a difficult time finding stocks to buy. I am flush with cash, actively scouring the market for opportunity. But the pickens are slim, thanks to a very narrow and unpredictable group of stocks trending in a positive manner.

I will likely put some money to work soon, if only to entertain myself from the moribund nature of wating for something exciting to happen.

The market opened up 100, after getting its fucking brains beat in on Friday. Do you trust the gains to hold? Are you sure the market will fade?

You can try to play the chop, sashay in and out from 3x ETFs witth magical precision. Or, you can pick a side, commit to it, and wait for results patiently. Ultimately, all markets go higher, over a long enough time frame. The motto of Zerohedge is a mornic one, entirely false and without merit. Even the tulip retains some value after all this time.

Last week I doubled down in TWTR. My largest position is AMCX, followed by BIDU and SHAK. Personally, I have been buying 2016 calls on SHAK, somethig I haven’t done since 2012.

The price action in the market has a lot of people thinking something ominous awaits on the horizon. While this may be true, it’s useless to try to time the market on a day to day basis.

My best adivce is for you to get your affairs in order. Have your will completed and prepare for your demise, for the apocalypse is always coming, especially designed for the expectancy of your life. You should also diversify your holdings, manage risk, and raise a little cash.

FYI: I completed writing an algorithm for a portfolio risk analyzer. After we are done with Exodus upgrades, I will commence with a project to build it and offer it free to the people.

Sincerly yours,

Charitable and Most Gracious Fly

UPDATE: Even MOAR generosity. For a limited time, upon buying a ticket to the iBC Conference, you will receive 1 free month to any iBankCoin premium service. Or, if you purchase an annual membership to Exodus, 12631 or After Hours with Option Addict, you will receive a free ticket to the 2nd and motherfucking LAST iBC conference in this century.