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.
It’s all bullshit. After Trump won the election, a giant short squeeze ensued, pricing in the construction of the biggest fucking wall ever conceptualized in the history of the world. Although the southern border wall will only stretch 2,000 miles, the sages on Wall Street priced in a wall that would wrap around the fucking planet three times, with all of the grotesque moves squeezed out of very weak and very impaired material names.
Some of the standout over the past month include: $AKS +70%, $CLF +61%, $X +61%, $KRO +55%, $IIIN +51%, $TMST +46%, $CMC +43%, $HSC +43% and $AA +39%.
I can droll on and on over the gains — highlighting a very perverse and decadent market that has disconnected itself from reality.
Art ‘let’s marinate some iced cubes in this here whiskey’ Cashin throws a cold towel on the hotter heads out there — reminding them of reality.
WTI was hammered today, nearly 4%. Basic resource stocks were the only outliers to the downside — led by $FCX clown slapped for 5%.
The company reported an excellent quarter and the stock is higher by 6.5% early on. However, they issued a warning due to its flagship NYC store undergoing notable softness, thanks to all of the progressives protesting the democratically elected candidate for President of the United States, Donald J. Trump — right next door at Trump Tower.
An analyst from Cowen believes foot traffic could be halved, due to the wanton fuckery that is pervasive and ongoing outside the building. Truly, this cannot be happening at a worse time for Tiffany’s, especially when considering the business climate is robust for their overpriced wares and idiot bracelets.
The flagship NYC store accounts for 8% of overall sales.
Here’s the scene outside of Trump Tower.
Source: Bloomberg
Tiffany & Co. said the protests and heightened security around the residence of President-elect Donald Trump have hurt customer traffic at its flagship New York store — and the company isn’t sure when things will get better.
The shop on Fifth Avenue, next to Trump Tower, has seen “sales softness” compared with the year before and relative to the company’s other U.S. stores, Tiffany said in a statement Tuesday. The location is Tiffany’s largest.
“The company cannot provide any assurance that sales in that store will not be negatively affected by this activity in the fourth quarter or in any future period,” the jeweler said.
Traffic at the store, which has an entrance next to Trump Tower’s, could be cut in half, Cowen & Co.’s Oliver Chen said in a note this month. The analyst trimmed his fourth-quarter earnings forecast for Tiffany by 3 cents a share.
“Donald Trump’s election victory may cause an unforeseen headwind to the business in the fourth quarter,” and the disruption could linger and deter foot traffic through the key holiday selling season, Ike Boruchow, an analyst at Wells Fargo & Co., said in a note.
Anti-Trump protests have broken out near the residence of the president-elect, and barricades have been erected around the building to control traffic and pedestrians. Tiffany, whose corporate offices also are based in New York, has encouraged customers to enter its store through a side entrance.
Elsewhere, Tiffany’s business showed signs of improvement. The company posted third-quarter earnings and sales that topped analysts’ estimates — led by rebounding demand in Asia — sending the shares up in early trading.
$TIF Good headline… ~8% biz comes from 5th Ave, diamonds = scam and the name of this band is Deep Blue Something. https://t.co/4emlW0VMlO
Trump continues to prod and poke at the totalitarian left with his own version of rules designed to piss them the fuck off. I think it’s fair to say the vast majority of Americans would say burning the American flag, in light of all the damned sacrifices made by her best and brightest, fighting for the country, is just about the most disrespectful and disgraceful thing a citizen could do. The left argues that desecrating the flag, whether it be pissing on it or burning it, is our constitutional right. In a tweet out this morning, right after trashing CNN again, Trump called bullshit on said rights and offered a solution to the issue of desecrating the flag: jail time, fuckers.
Nobody should be allowed to burn the American flag – if they do, there must be consequences – perhaps loss of citizenship or year in jail!
For better context on this, Morning Joe discusses how protecting the flag has been something that has been broached before by lawmakers — and on several occasions almost passed as law.
This is for the advisors out there who are too lazy or unwilling to concoct proper asset allocation strategies amongst equities and simply prefer to delegate their investment decisions to an ETF. I get it. At 1-2% per annum, it simply isn’t worth the hassle. Might as well kick back and enjoy the shit show, whilst working on getting new clients.
In Exodus, we have a rich library of ETFs in the database to choose from. Here are the top winners for the year.
Both Chinese and Saudi Arabians are taught to lie upon birth. Even before they’re instructed how to walk, their thieving parents teach them the art of sophistry — a keen ability to deceive others for gain. These men grow up and they lead industry in their countries, become important liars for nations filled with liars.
At OPEC, the very best of the liars descend upon the world, all speaking half truths with forked tongues, for the purposes of professional deception. I’m not going to link to past stories or dredge up excerpts of the myriad of lies that have been spoken through the media, regarding impending oil production cuts that never had a chance to begin with. Alas, here we are just 1 day before the meeting and Goldman is telling investors there’s only a 30% chance of a deal getting done.
The oil market is pricing in a 30 percent chance of producers reaching a deal to cut output at OPEC’s meeting in Vienna, according to Goldman Sachs Group Inc.
Global benchmark Brent crude may swing $6 a barrel on Wednesday, based on implied volatility for options contracts, analysts including Damien Courvalin and Jeff Currie said in a report Monday. Futures would rally into the low $50s a barrel and average $55 over the first half of next year if the group agrees to a cut, according to the bank. Failure to reach an accord would mean prices would average $45 a barrel through the summer.
Prices are tumbling again. But don’t worry, another rumor is right around the corner.
From the layman, those still inside of the matrix — bluepilled — fat and stupid off government sponsored roasted beef, the recent comments by Trump might appear to be coarse, almost petty. But if you take these comments under the context that Trump is in fact a 4 dimensional chess player and is laying a trap for bird brained Hillary supporters — which will soon be executed — laying waste to a cadre of people too stupid to see it coming, they are in fact brilliant.
This evening Trump went on a twitter rampage, fucking with Jeff Zeleny, shill reporter from CNN, about his special AC360 report depicting Trump as a sore winner — merely shitposting on Twitter to distract people from the true source of angst: TRUMP LOST THE MEANINGLESS POPULAR VOTE (gasp!).
What’s noteworthy here is the rhetoric by Trump towards the former #CrookedHillary, seemingly graduating her crime status to #CorruptHillary — making her title more conducive to a legal framework — perhaps laying the groundwork for a jail granting prosecution.
His comments regarding democrat voter fraud are purposeful and I wouldn’t be surprised if Trump appointed someone to audit the election results once he took office. I seriously doubt this is an unpaved road the haggard democrats want to travel now — especially when all they have to ride on are Tim Kaine tricycles.
You should all pray to the Gods for bestowing his child, Donald J. Trump, upon us — vanquishing clownish vagrants like Tim Kaine and his stupid face.
In light of today’s terror attack at Ohio state, which included a rogue Somali migrant knifing 9 people, Tim Kaine was ‘saddened’ by the senseless gun violence.
Deeply saddened by the senseless act of gun violence at Ohio State this morning. Praying for the injured and the entire Buckeye community
And then there are people like this who walk amongst us. Damned racist white cop shot an innocent black migrant who just stabbed 9 people because he was a viiiiictim.
So white officer Alan Horujko who shot and killed the Black Somali stabbing suspect in Ohio is being paraded as a hero. Thats interesting
When Trump said he was going to leave his options open, in regards to accepting the results of the election — the media went apeshit, decrying him to be a dog and a scoundrel. But now that Shill Stein and Soros funded Marc Elias from the Clinton campaign decided to do it after getting defeated in the general election, there’s nothing but crickets out of them.
The double standard is palpable and is the primary reason why alternative media sites are flourishing at a time when legacy media are in the depths of hellish rebuke.
