IBankCoin Presents: The Zeitgeist of 2016, with The Option Addict

This is definitely the most important boot camp IBC has hosted to date. While we may disagree with which lunatic to elect, we all have a common interest here to advance in the markets.

My right hand man on this site, The Option Addict, has been killing the tape from the very beginning of 2016. To be fair, he’s always killed the market and is the best trader that I know. However, in recent months, the level of winship he’s exhibited here is beyond normal. It has been fucking paranormal.

Jeff asked me to suggest some topics for the iBC readership and I gave him my best ideas. What you’ll get from him is a bird’s eye view of how he sees things unfolding, heading into the fall.

The boot camp starts on August the 29th, one hour per night, for 5 nights.

Sign up now to envelope yourself in the single best and most important iBankCoin sponsored boot camp to date. It will certainly be an event to behold.

Post DNCLEAKS scandal, the media is brazen in their outward bias for Hillary Clinton. They see it as their duty to lie and twist facts, while ignoring the litany of horrible offenses by Clinton. Zerohedge hones in on the matter, better than most.

After all, it’s their moral obligation to get Hillary elected, in order to avoid Trump, who’s obviously a tax cheating racist xenophobe liar and a thief scoundrel mentally ill caitiff. All things considered and balanced, that description of Trump sounds good when compared to the demonic drug addled hell hound neocon, who pathologically lies to hurt and injure, almost ritualistically, all in the name of personal gain, which best describes Clinton. If you don’t like it, she’ll have you killed.

Doug Kass is predicting Trump will drop out of the Presidential race and cede the Presidency, uncontested, to Hillary Clinton. His rationale lies in the delusions of his own bubble. He cites lack of money as a reason for Trump to drop out of the race, ignoring the obvious small fact that Trump is worth anywhere from $4-$10 billion and can self finance his campaign, true asshole style, if he wanted to. Also, Trump has raised over $90 million in small donations since the RNC convention.

Nevertheless, let’s not let reality based facts get in the way of a little perverted dreaming. Kass looks like he’s having an orgasm in this interview, amongst a sycophantic Tome Keane and Francine Lacqua.

For the sake of the Clinton campaign, Trump will drop out of the race before the debates, erecting her as our new Queen to rule over her many fiefdoms.

Liesman and Kudlow take exception to Hillary’s speech about the economy, panning it for its overt command and control overtones. There wasn’t any mention about tax cuts, an easing of regulations or creating better trade deals. All she promises is for the government to invest in better paying jobs. That’s the fucking problem here. The government is broke, without a paddle in the middle of a large icy lake. What the country needs is PRIVATE SECTOR investment, which will not happen with high tax rates and slave labor to take advantage of in Asian and Mexico.

Get it?

The great illusion this great steak’d nation purports on a regular basis is adherence to the constitutional rights this nation was founded upon. Naturally, these rights have been ignored and violated over the years, since man is a sinful, evil, creature. But, thanks to technology, never in modern times has the dialogue been so controlled than it is now–thanks to the emergence of the digital city halls of Facebook and Twitter.

Buzzfeed is out with a scathing report that whistle blows on the former CEO of Twitter, @Dick, and his fascist ways.

In 2015, then-Twitter CEO Dick Costolo secretly ordered employees to filter out abusive and hateful replies to President Barack Obama during a Q&A session, sources tell BuzzFeed News.

According to these sources, the May 2015 #AskPOTUS town hall came out of Twitter senior leadership’s frustration with the fact that platforms like Reddit had become home to celebrity Q&As.

According to a former senior Twitter employee, Costolo ordered employees to deploy an algorithm (which was built in-house by feeding it thousands of examples of abuse and harassing tweets) that would filter out abusive language directed at Obama. Another source said the media partnerships team also manually censored tweets, noting that Twitter’s public quality-filtering algorithms were inconsistent. Two sources told BuzzFeed News that this decision was kept from senior company employees for fear they would object to the decision.

He is the President of the United States, after all. However, Twitter has been doing this shit for a long time, most recently with the #DNCLEAKS saga.

In response to the report, Costolo danced around the allegations with a comment laced with fuckery.

“Total nonsense and laughably false as anybody who would speak on the record would tell you. Absurd,”

“Shows a lack of understanding of the very basics of how trust and safety works at Twitter. Sensationalist nonsense.”

Now that Donald J. Trump is scheduled to drop out of the race, paving the way for our first lesbian President, everything that was once doom and gloom is great again, ironically. The stock market is gearing up for splendour. All of the bearshitter across the universe, dispatched. Everything you knew about markets, lost.

Earlier this morning, Macy’s announced their strategy to sell clothing to people was a bad idea. Instead, they’ll be closing 100 stores and focus on real estate and stock buybacks. Shares soared.

After the close, Nordstrom announced phenomenal numbers, which were 11 cents better than expectations. Although revenues declined 0.2% from last year, the shares are soaring in the after hours.

• Reports Q2 (Jul) earnings of $0.67 per share, excluding non-recurring items, $0.11 better than the Capital IQ Consensus of $0.56; revenues fell 0.2% year/year to $3.59 bln vs the $3.62 bln Capital IQ Consensus.
  • Return on Assets 5.1%, Q1 was 5.9%
  • RoIC 9.1%, Q1 was 10.0%
  • The Company’s Anniversary Sale, historically its largest event of the year, performed better than recent trends. This event started one week later in July relative to last year, shifting one week of the event into the third quarter.
• Total Company net sales decreased 0.2 percent and comparable sales decreased 1.2 percent, compared with the same period last year. The Anniversary Sale event shift had an unfavorable comparison to comparable sales of approximately 250 basis points in the second quarter.
• Gross profit, as a percentage of net sales, of 34.3 percent decreased 101 basis points compared with the same period in fiscal 2015, due to increased markdowns to align inventory to current trends and higher occupancy expenses related to new store growth. Through the Company’s actions to realign inventory and combined with the strength of its Anniversary Sale, inventory growth of 1.4 percent was in-line with a net sales decrease of 0.2 percent.
• Co issues guidance for FY17, sees EPS of $2.60-2.75 (Prior $2.50-2.70), excluding non-recurring items, vs. $2.68 Capital IQ Consensus Estimate; sees FY17 revs of +2.5-4.5% (Approx $14.45-14.73 bln) vs. $14.59 bln Capital IQ Consensus Estimate;
  • Reaffirms FY17 Comp Store Sales expected to be in the range of -1% to +1%.
  • Retail EBIT expected to decrease 10-15% (Prior 10-20%).

Additionally, olde school semiconductor company, NVDA, crushed estimates–continuing its onward streak. The stock is higher by 90% for the year. Not a bad showing, all things considered. According to Exodus, the valuation metric haven’t been this high for over a decade. The price/sales, PE and price/book metrics have all blown out, currently 110% over the historical median.

• Reports Q2 (Jul) non-GAAP earnings of $0.53 per share, $0.05 better than the Capital IQ Consensus of $0.48 (GAAP EPS $0.40 vs. 0.38 consensus); revenues rose 23.9% year/year to $1.43 bln vs the $1.35 bln Capital IQ Consensus.
  • Non-GAAP gross margin 58.1%vs. 57.5-58.5% guidance.
• Co issues upside guidance for Q3, sees Q3 revs of ~$1.65-1.71 bln vs. $1.45 bln Capital IQ Consensus; non-GAAP gross margin 57.5-58.5%.
• “Strong demand for our new Pascal-generation GPUs and surging interest in deep learning drove record results,” said Jen-Hsun Huang, co-founder and chief executive officer, NVIDIA. “Our strategy to focus on creating the future where graphics, computer vision and artificial intelligence converge is fueling growth across our specialized platforms — Gaming, Pro Visualization, Datacenter and Automotive.” “We are more excited than ever about the impact of deep learning and AI, which will touch every industry and market. We have made significant investments over the past five years to evolve our entire GPU computing stack for deep learning. Now, we are well positioned to partner with researchers and developers all over the world to democratize this powerful technology and invent its future.”

Glorious, glory.

Human beings are an absurd form of animal. This hashtag has been trending today,  as barbarous servile people panic over a possible closure of the site in 2017.

The good folks led by @Jack were forced to issue a statement.

“There is absolutely no truth to the claims whatsoever,” a spokesman for Twitter said in an emailed response to a Reuters request for comment

How would you survive without Twitter?

This time, maybe the House of Saud will cut production this go around? Or maybe central banks will start to include oil in their QE purchases? Or perhaps crude will short squeeze higher off some mysterious supply disruption in Nigeria or Canada?

Whatever the case may be, oil is heading up today, and with great vigor and tenacity.

Crude stocks are responding, in kind.

The general market is quite pleased with things, shooting higher by more than 100. We’ve got a Hillary Clinton landslide in the making, $43 crude (sweet baby Jesus), and a whole slew of goodness taking place.

QE for life.

It’s quite simple. If you’re traveling on Amtrak or any airline and have a lot of cash with you, the DEA will take it and then give it to the local police department. They budget for it. They depend on it. They won’t file charges against you or make sure you’re not a criminal. They just want your money. After they take it, you’ll need to hire an attorney to get it back, to prove the money was legit. It might take years to get it back. And even after you prove the money was simply your retirement savings that was being used to purchase a car, they’ll forfeit some of it anyway, because they can.

Amazing story by USA today

Agents seized $25,000 from Christelle Tillerson’s suitcase in 2014 as she was waiting to board a flight from Detroit to Chicago. The Justice Department said in a court filing that agents became interested in Tillerson after they “received information” that she was headed to Los Angeles on a one-way ticket.

Tillerson told the agents that her boyfriend had withdrawn the money from his U.S. Postal Service retirement account so that she could buy a truck, according to court records. Agents were suspicious; Tillerson was an ex-convict, who had spent time in prison for driving a load of marijuana into the United States from Mexico. She seemed to have little money of her own. And a police dog smelled drugs on the cash.

Agents seized the money, and let Tillerson go. Her lawyer, Cyril Hall, said she was never arrested, or even questioned about whether she could give agents information about traffickers.

A year and a half later — after she produced paperwork showing that much of the money had indeed come from her boyfriend’s retirement fund — the Justice Department agreed to return the money, minus $4,000. A spokeswoman for the U.S. Attorney’s office in Detroit, Gina Balaya, said prosecutors concluded that “a small percentage of the funds should be forfeited.”

“It was outrageous. It’s still outrageous,” Hall said.

Over the past decade, the DEA have seized upwards of $200 million from travelers.

Ah, the virtues of America never cease to amaze me.

I get it. I’ve been known to tweet rage myself, calling people a wide variety of derogatory terms. But since politicians love to hold themselves and their people to a higher standard, I thought I’d point out the disheveled nature of a Mr. Favreau, who was so perturbed over Trump calling Obama and Clinton the founders of ISIS, he lost his shit on Twitter and called him a dumb asshole.

Stay Classy Jon.