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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.

Pre-Debate Poll: Who Are You Voting For, Trump or Clinton?

Every time I run this poll, some of you assholes say ‘Gary Johnson.’ The fact of the matter is, G. Johnson is a huge cocksucking asshole. If anything, Jill Stein is the intelligent one out of the two. Johnson is what I’d consider a walking phallic symbol, an ordinary and very boring idiot.

Cast your votes pre-debate.

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Heading into the Final Debate: Trump +1

Some of you would like to cite fictional polls that were handcrafted by J. Harwood, showing Crooked Hillary +9. It’s plainly obvious and comical to suggest that a woman who is unable to draw 200 to her rallies could be leading over the populist Trump by such an immense margin. It’s a fiction and part of the agitprop program to demoralize anti-establishment voters.

The new IBD/TIPP poll has Trump +1, heading into the final debate. Both LA Times and Rasmussen are registering a tie — which should bode extremely poorly for team Hillary, who has done all but throw in the kitchen sink at The Donald.

By gender, Clinton does much better among women — 47% to 37% — but Trump’s lead among men is just as strong at 47% to 32%.

Trump does better among parents (46% to 32%), married women (44% to 41%), lower-class households (53% to 37%), and the religious, among whom Clinton’s support never tops 38%. Among those who express no religion, Clinton handily beats Trump 63% to 16%.

Clinton does better among college educated — 45% to 36% — while Trump outperforms Clinton among those with only a high school education — 58% to 27%.

Methodology:
For the results released today, TechnoMetrica Market Intelligence conducted the Investor’s Business Daily/TIPP poll from Oct. 13 through Oct. 18, 2016.

A total of 872 Americans age 18 or older participated in the nationwide survey. Of the 872 respondents, 825 were registered voters and 782 were likely voters.

The story is based on the subsample of likely voters. The margin of error for the likely voters sample is plus or minus 3.6 percentage points at the 95% confidence level.

TechnoMetrica uses “traditional” telephone methodology using live interviewers for data collection for its public opinion surveys. Roughly 65% of interviews come from a cell phone sample and 35% from a Random Digit Dial (RDD) land line sample.

Don’t you find it interesting that Trump is poleaxing Clinton amongst married women by a 3 point margin, yet the media never, ever, ever mentions it? Also, amongst the poor, Trump is a champion — further establishing Clinton and her band of corrupt zealots as a party for the elite, for the benefit of big, entrenched, business.

If by chance you question the accuracy of said poll, just know that it was the most accurate poll during the 2012 Presidential elections.

poll

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Jim Chanos on Why He’s Short $CAT: The Great China Unwind Has Yet to be Played Out

One day, Caterpillar will find themselves in the most unfortunate position of being held hostage by a comically spiraling out of control Chinese economy. Until then, morons and fucktards alike continue to dive into their shares — like braindead zombies in a low television series.

The whole ‘global growth’ story that people like Cramer commercialized, via BRIC, turned out to be one giant scam — didn’t it?

Brazil is a god damned mess and bankrupt.

Russia is going to nuclear bomb Obama’s house.

India has placed itself as the number one destination to get raped in broad daylight, on a city bus.

And China is boiling one billion frogs, slowly, in their cauldron of systemic disaster.

It’s all coming to a head, sooner or later. Ugly men like Jim Chanos, with their thick and rotten glasses, will be our new leaders in the coming apocalypse. Until then, enjoy your fucking lattes and summer vacays in the South of France.

Here is the historical PE’s of CAT over the past decade.
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Gold Miners Continue to Shine, Currently the Best Performing Sector Over the Past Two Weeks

Let me show you my charts.

On October the 11th, while many of you gold traders were throwing yourselves into lit fireplaces, Exodus was speaking to its members, ever so quietly, and alerting them to the fact that it was oversold.

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See how the oscillator was at its lowest point two weeks ago? Fast forward to today, gold is the best performing sector in the market, up by more than 10%.

Today’s gains further cement the idea that weak economic news is a positive for gold, all related to Fed rate hikes. Naturally, this is inherently stupid, since gold is a play off inflation. But there isn’t any inflation and it has morphed into a protest trade, people disaffected by markets who are sick and tired of Fed policies and wanting a way out of their sphere of influence.

From my vantage point, gold trades up sharply if the market delves into panic mode and it also will trade higher if the central banks continue to denigrate fiat currency via QE.

Today’s winners.

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This is a long tail trade for me, something unusual for this site. Since entering the money management field in 1997, I’ve managed to do very well and now I’m interested in preserving what I have and making money a better way. I can’t deal with the horseshit anymore and much prefer to use Exodus and a few macro themes to further my investment evolution.

Bear with me. This is a work in progress and I’m constantly tinkering with new methods. Speaking of which, I’ll reveal my ‘FIST OF DEATH’ short sales tomorrow or the day after.

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Crude Explodes Higher After Huge Inventory Draw

All of a sudden, an inventory draw of 5.7m barrels occurred. The market was expecting a build of 2.75m. If I recall correctly, just last week there was a big build. This numbers and stats are utter horseshit, but it inspires traders to take directional positions. Today, and for the better part of the last 2 weeks, the direction is up.

WTI is breaking out, up more than 3% — providing a well needed lift to the energy sector.

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This is the oil and gas drilling sector oscillator in Exodus. This is predictive, using our algos. As you can see, it’s at the bottom of the recent range.

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Word of caution, however, we’re heading into seasonally dreadful months for oil stocks. November is particularly noteworthy.

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For the day, traders are taking advantage of the bullish climate and bidding up oil stocks, especially those heavily shorted.

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Fucking Ridiculous: CNN Feed Cuts Out When Congressman Starts to Discuss Wikileaks Emails

CNN has a long rich history of doing this sort of horseshit. This one is especially hilarious, in that it was so blatant and transparent, it made them look like preposterous morons.

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CNBC Reporter, John Harwood, Finds it ‘Amazing’ that Reporters Would ‘Burn’ Interview Time Asking Next POTUS About Her Emails

Granted, I am heavily biased against J. Harwood. He reminds me of someone I once punched in the face. His smugness on my financial channel is annoying. He’s heavily biased towards the Hillary campaign and I’d be fine with that, if only he manned up to it and stopped trying to pretend he was a hard news guy.

You’re not fucking fooling anyone, John. And this email to Podesta proves it.

I just wasted about an hour of my day, sifting through J. Harwood’s emails to Podesta (lolz) and am disgusted by what I read.

See what you’re making me do John? Quit being such an asshole and do your job without being a fucking shill.

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Rubio Takes Democrat Position on Wikileaks, Warns Republicans ‘Next Time it Will Be Us’

In spite of the fact that there’s zero evidence to suggest Russia is behind any of the damning Wikileaks revelations, Washington insiders keep blaming them. Today, GOP waterboy took the Hillary Clinton position in demonizing Russia by suggesting ‘foreign governments’ were behind the leaks and he wants nothing to do with them.

Really? So the true story here, according to Marco, is that ‘next time it will be us’, and not the fact that the leaks have laid bare a culture of corruption unseen since the Nixon era.

This is what you call an establishment bitch.

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Sure, don’t look at the Wikileaks or even talk about them, no matter what they reveal. The truth is a lie and the preservation of elitist power is the primary concern.

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Housing Numbers Disappoint: We’re Back to Bad News Being Good News for Stocks

Like it or not, Wall Street truly doesn’t give a shit about Main Street. When I was managing money, often times I resented the demands out of Main Street, as I was disconnected from the real world — only focused on my next trade.

This narrative plays out on a daily basis in the markets — as investors clamor for Fed policies which do little for the average Joe and much for the extraordinary Joseph. This morning housing numbers came in worse than expected. Futures are rising on this news and commodities are catching a bid. The play here is to hope the economy weakens enough to prevent a Fed hike in December.

Residential starts declined 9 percent to a 1.05 million annualized rate, the lowest since March 2015, a Commerce Department report showed Wednesday in Washington. The median forecast of economists surveyed by Bloomberg called for a rise to 1.18 million. Permits, a proxy for future construction, jumped 6.3 percent to the fastest pace since November.

“New-home construction seems to be in a holding pattern,” Jacob Oubina, senior U.S. economist at RBC Capital Markets LLC in New York, said before the report. “But I don’t think the housing recovery per se is stalling out.”

Work on multi-family homes, such as townhouses and apartment buildings, slid 38 percent to an annual rate of 264,000. Data on these projects, which have led housing starts in recent years, can be volatile. Starts on structures with at least five units were the lowest since June 2013.

Estimates for total housing starts in the Bloomberg survey of economists ranged from 1.1 million to 1.2 million. The previous month was revised to 1.15 million from a 1.14 million pace.

Permits increased to a 1.23 million annualized rate. They were projected to rise to a 1.17 million pace after 1.15 million the prior month, according to the survey.

Single-family house construction rose 8.1 percent to a 783,000 rate, the most since February, from 724,000 the previous month.

Three of four regions posted a decline, led by the Northeast with a 36 percent drop, the report showed. Starts in the West were unchanged.

The velocity of money continues to decline, thanks to Fed policy and a litany of regulations — such as Dodd Frank. We find ourselves in a weird world where growth plods along at 2%, yet so many economists keep publishing reports of an imminent breakout to the upside. It never happens and the risk keeps leaning to the downside, with a very sluggish consumer.

If you’re stock picking, good luck. From a macro perspective, there’s little to like about the growth of this economy and large macro trends for stocks.

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Exposed Vote Rigger, Bob Creamer, Visited the White House Over 300 Times Since 2009

The now disgraced Bob Creamer, recently exposed for being part of a leftist movement to rig elections, announced today that he was ‘stepping back‘ from being a malevolent asshole. In other words, he is taking some well deserved time off from ‘Democracy Partners’ — an arm of the DNC.

Thank heavens for finance bloggers having to do the work of staff journalists, who are very busy bees being corrupted by disgusting politicians. Tyler from Zerohedge did a little digging and unveiled Mr. Creamer’s numerous visits to the Obama White House — numbering in the hundreds, 45 in 2016 alone.

Here is Bob doing his thing in the Project Veritas expose.

White House attendance log

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So, why do you think Bob was there?

Remember, elections aren’t rigged. That’s just ridiculous. Maybe they were just community organizing?

That’s a fuckload of visits.

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