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.
Mexico is gonna pay…for a gigantic southern border wall. If we’re to listen very quietly to the rumblings on Wall Street, you’d take notice that my ‘taco formation‘ breakout proved not only to be right — but exactly right.
The peso is currently undergoing a severe haircut, off by a yuge 2% v the dollar.
Here is the MXN/USD cross over the past 7 days.
Sheer panic.
I think the biggest story of the day, aside from “The Fly” back to his winning ways again via THE FIST OF DEATH, is the fact that Michelle Obama deleted 3 years of Hillary tweets. What?
My sixth sense is tingling now and I believe something big is about to be revealed to the American people.
The very worst rumors about Huma Abedin is that she’s a Saudi spy who was collecting data, which would explain an astounding 650,000 emails on her laptop. At a minimum, the Clinton-media corruption train to the White House has been stopped dead in its tracks. The rise of Trump is very real and a likelihood, should current trends persist.
Markets aren’t happy with this eventuality because change is annoying and inconvenient. Also, the neocons have a plan and Trump isn’t down with their horseshit.
Politics aside, here’s how I’m positioned. Twenty five percent of my assets are allocated short in the below names — aka THE FIST OF DEATH.
I have another 25% long gold and gold miners, which are doing great today. I have a super sized short in FCX and I’m long bonds via TLT.
The goal here is to be in a position to buy the blood, extreme discounts as a result of a market discloation. I don’t want to make a mountain out of a molehill here. Yes, the markets have been arduous the past month and yes I believe they belong thousands of points lower — but the riggers who rig the system aren’t gone yet and free market capitalism hasn’t returned. In other words, reality is beginning to creep back into our lives, but be on guard for fantasy land, for it can strike at any moment.
Wow, the sages at Goldman are out with research suggesting crude could be heading all the way down to the ‘low 40’s’ in the event the criminal cartel, dubbed OPEC, are unable to agree to a price fixing scheme. This is some valuable research. Thanks Goldman!
Hey look at all of that extra OPEC supply. I am sure U.S. production in the shale looks similar (wink).
“The lack of progress on implementing production quotas and the growing discord between OPEC producers suggests a declining probability of reaching a deal on November 30,” Goldman analysts including Damien Courvalin wrote in a note dated Oct. 31. Obstacles to a supply agreement remain formidable, Greg Sharenow, a Pimco portfolio manager, said in an e-mailed note on Tuesday.
The Organization of Petroleum Exporting Countries is due to meet in Vienna to implement the first supply cuts in eight years and get other producers from outside of the group to join, notably Russia. Brent crude extended losses below $50 a barrel on Monday after weekend talks failed to yield concrete details on an accord to reduce the global crude surplus and stabilize prices.
“The lack of an agreement so far has pushed oil prices sharply lower, with weakening oil fundamentals warranting oil prices in the low $40s a barrel in our view if OPEC is unable to deliver a convincing agreement,” the Goldman analysts wrote.
Here’s the redpilled truth: stocks cannot do anything meaningful until after the election. We ca talk all we want about OPEC and valuation, but it won’t mean a thing as long as the election looms.
Both gold and silver are sharply higher this morning, while WTI and futs are a snoozer.
Let’s be clear, Russia has nuclear warheads attached to missiles that travel mach 20. They can incinerate your bullshit city in 15 minutes flat. Both Clinton and Obama, led by Kerry, have saber rattled Russia for about a year — in order to distract Americans from the fact that she’s a god damned criminal.
Asking for a Syrian ‘no fly zone’ is tantamount to declaring World War 3, without equivocation.
Look at these neocon fuckheads in Congress asking General Dunford about enforcing a no fly zone.
Look at this fucking lunacy.
Here’s Putin discussing the bullshit coming out of the American neocon establishment, telling the press ‘it’s not funny anymore.’
And here she is today, the bumbling criminal herself, attempting to distract people with Trump is a KGB plant rhetoric after the FBI reopened the email investigation against her — which is actually a very big deal.
With just 8 days left, this can’t wait. RT if you agree Trump should immediately disclose all of his ties and connections to Russia. pic.twitter.com/IqmC2wIDq4
And lastly, here’s the unoffical press arm for the DNC, the NYT, saying officials believe there’s no link between Russia and Russia.
Law enforcement officials say that none of the investigations so far have found any link between Mr. Trump and the Russian government. And even the hacking into Democratic emails, F.B.I. and intelligence officials now believe, was aimed at disrupting the presidential election rather than electing Mr. Trump.
Hillary Clinton’s supporters, angry over what they regard as a lack of scrutiny of Mr. Trump by law enforcement officials, pushed for these investigations. In recent days they have also demanded that James B. Comey, the director of the F.B.I., discuss them publicly, as he did last week when he announced that a new batch of emails possibly connected to Mrs. Clinton had been discovered.
Again, this is RETARD LEVEL propaganda. No one with an IQ of 90 believes this shit. It just goes to show you how disconnected from reality these crazy people are.
Happy Halloween Billy Boy Ackman! It appears the authorities are going to bring both the former CEO and CFO of VRX up on criminal charges of fraud and possibly toss them into a prison cell with Bernie Maddof in fairly short order.
Maybe you could testify on Michael J. Pearson’s behalf?
Authorities are looking into potential accounting fraud charges related to the company’s hidden ties to Philidor Rx Services LLC, a specialty pharmacy company that Valeant secretly controlled, the people said. Federal prosecutors in Manhattan and agents at the Federal Bureau of Investigation in New York have been investigating the company for at least a year.
Prosecutors are examining the actions of J. Michael Pearson, Valeant’s former chief executive officer, and Howard Schiller, the ex-chief financial officer who became interim CEO during a medical leave by Pearson, according to the people, who discussed the confidential proceedings on the condition of anonymity. Prosecution of individual executives could go beyond just those two, one person said, adding that Philidor executives could also be charged.
“We are in frequent contact and continue to cooperate” with U.S. authorities, Valeant said in a written statement. “We do not comment on rumors about investigations, and cannot comment on or speculate about the possible course of any ongoing investigation. Valeant takes these matters seriously and intends to uphold the highest standards of ethical conduct.”
All of this unfortunate news is having a haunting effect on the shares of VRX — off by 12% to new lows.
It’s also worth mentioning, Wall Street is out to kill you today — dropping your new billion dollar position in CMG sharply whilst bidding up your short HLF.
Happy Halloween Bill Ackman. Enjoy your candy corns.
This jibes very nicely with the 12% ratings drop at the NFL, most readily blamed for by the fucking assholes who won’t stand for the national anthem.
Apprently, ESPN lost 621k subs in October, the most on record.
Walt Disney under pressure after Nielsen data indicated ESPN lost 621K subscribers in October — the biggest monthly decline ever reported
ESPN Statement “The Nielsen numbers represent a dramatic, unexplainable variation over prior months’ reporting, affecting all cable networks. We have raised this issue with Nielsen in light of their demonstrated failures over the years to accurately provide subscriber data. The data does not track our internal analysis nor does it take into account new DMVPD entrants into the market.”
To put this into perspective, ESPN has 89m subs, but have shed 13m since 2013 and 4m over the past year. Without question, this is a long term issue for the company and the NFL imploding isn’t helping.
The NFL was to America what Apple pie and baseball used to be. It’s unfathomable to most people that the millionaire players in the NFL would refuse to show respect for this country by standing for the pledge.
Shares of the parent company, DIS, are lower on the news.
I was well behaved and merely chided him a little and wished him happy tidings on this Hallowed Eve. I’m in a good mood, so I offered safe quarter.
However, the other pirates on my vessel did not offer him similar accommodations. They haven’t been eating as good as me, apparently. Things got ugly fast.
Ah, Halloween, my favorite holiday. Nothing pleases me more than to see Crude getting knifed on this glorious day. Did I mention I was going to dress up as a moderate Syria rebel today, an ally of the United States? Yes, indeud. I will hand out plenty of candies to the infidel tonight.
Today’s session is uneventful, especially after the Clinton FBI news. Investors are truly out of their fucking minds with complacency. This is an absolute joke. I get the bull case and I understand why stocks go up all the time, rigged or not. But to sit there like a fucking idiot, watching the news flow that might torpedo the Clinton campaign, who Wall Street wants, and do nothing about it is utter madness.
Utilities are leading stocks today.
Oil hammered. Oil stocks, eliminated from the field of play.
This time around, she should be placed on the suicided watch, especially after Hillary seizes power. Lord knows she should avoid helicopter rides and heart attacks after walking home from a bar.
Here she is delivering a debate question to camp retard, fucking Bernie Sanders like the jackass moron fool that he is in the process. If Bernie was a proper Brooklyn man, he’d tell Hillary to fuck herself and withdraw his support. But he won’t, because he’s a gimp.
We can thank the freedom hating democracy raper, Jake Tapper from CNN, for this.
UPDATE: Jake defends his honor and refutes his involvement on the Twitter.
