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.
This company is well deserving of bankruptcy. I don’t quite understand all of the smoke and mirrors that they play, with their different entities and gigantic $12 billion debt load. However, I do know the gig is up, as the company is currently in talks to renegotiate a $725 mill 2nd lien to get $300 mill in cash.
“DIP negotiation means that the company has effectively run out of cash and they get to pay their creditors ‘fair market value’ for the secured assets versus the contracted value,” Axiom Capital analyst Gordon Johnson told Reuters.
The good news is that once this piece of shit files for chapter 11, all of you degenerates out there can buy the stock and run it up, just before it implodes to zero.
They captured the third man in the picture released to the media. He is a 24 year old male whose DNA was found on all of the Paris explosives and who was stopped near Hungary in 2013 en route to Syria.
His disgusting name is Najim Laachraoui. I am sure his parents are quite proud of what they spawned, knowing he’s responsible for the deaths of dozens of innocent civilians.
The other two offal from the Brussels attack were brothers named Khalid and Brahim El Bakraoui, both of whom are now roasting in hell.
Trump won Arizona too, snatching 58 delegates in the process. I think it’s fair to say, there isn’t a chance in red hell that any other GOP candidate will beat Trump in votes, so they’re gonna have to steal it at the convention.
In my opinion, the bigger story is now on the democrat side, with the old communist, hailing from a fucking NYC sauerkraut stand, pestering H. Clinton with weak-kneed non-competitive primaries. I understand there are many socialists in America who like the old red dog. But the fact remains, he can never win. Moreover, he is wasting everyone’s time and energy by staying in the race, conveniently accepting millions in political donations while screaming and yelling about the evil billionaires and millionaires who are ironically the same people supporting his candidacy. These elections aren’t even close.
This is more drivel out of the crazy man living in Thailand. You cannot believe doom and gloom is around the bend and at the same time make bullish predictions on China, let alone the fanciful world of Macau gaming.
The fuck?
Then again, Faber was hedging his bullshit the whole way. I think he was stoned while giving this interview by phone, intermittently taking large, full chested, pulls from marijuana cigarettes in between questions.
This isn’t your typical warning. Knowing that a warning of this magnitude will have a deleterious effect upon tourism in Europe, there must be a credible threat in Europe that is causing the State Dept to issue such a warning.
The State Department alerts U.S. citizens to potential risks of travel to and throughout Europe following several terrorist attacks, including the March 22 attacks in Brussels claimed by ISIL. Terrorist groups continue to plan near-term attacks throughout Europe, targeting sporting events, tourist sites, restaurants, and transportation. This Travel Alert expires on June 20, 2016.
U.S. citizens should exercise vigilance when in public places or using mass transportation. Be aware of immediate surroundings and avoid crowded places. Exercise particular caution during religious holidays and at large festivals or events.
I don’t have a strong opinion about this at the moment. Like it or not, an American President visiting Cuba for the first time since 1928 is a big deal. There are plenty of reasons to hate on the normalization of relations with Cuba. However, we are friends with fucking Iran and China, so the industrious people of Cuba can’t be worse.
Should Obama have canceled his trip to a moronic baseball game and departed for America to deal with the ongoing crisis in Brussels? If he was in charge, I’d say yes. But, Obama is nothing more than a face for America, wielding little to no power, nor does he give a shit to act like he cares so late in his final year in office. He’d rather be eating hotted dogs and doing the wave with the rest of the imbeciles.
Here is Obama taking a few moments out of his fun filled day, in the communist utopia called Cuba, to offer his solidarity with Brussels, just prior to wolfing down another hot dog.
For the better part of 5 weeks, commodity related stocks have enjoyed huge upticks, after catastrophic losses were imposed on them through January and early February. Since 2010, the sector has been plagued by over supply concerns and a softening GDP outlook in China. More or less, the commodity segment of the market has been a dreadful place to reside. Even worse, it has been next to impossible to time bottoms.
UNTIL NOW!
Cramer’s chart girl is suggesting that “this is it” and “now might be the occasion” to dive into the cement pool, headlong, for it will be brimming with chlorinated water soon.
Cramer must think we’re all gypsy fuckheads playing with voodoo dolls, fireside, by a flaming barrel of garbage– clamoring for idiot advice. Naturally, commodities are entitled to rally and could be on the verge of a supernatural denial of gravity. But, given the recent history, supported by the indelible facts that economies of scale are getting WORSE and not better, it’s not likely to occur.
This time is different. It feels different. Global growth could be coming back. My chart girl is super awesome and amazing and says if this line breaks that line, then all pandemonium will break loose.
Here are some of the 1 month returns of mega-cap stocks in the commodity space.
The neutral money changers at UBS are advising clients to sell the rally, in plain terms. They believe we are building a jenga styled top here, which is bound to topple over and crush the skulls of all in its path.
“With the rally of the last few weeks and looking at our daily trend work, the S&P 500 has reached its most overbought position since 2009!!” wrote analysts Michael Riesner and Marc Muller, with added grammatical emphasis. “We see the market vulnerable for a significant reversal this week, which we would see as the beginning of a tactical top building process and subsequent correction into deeper [second quarter]. We reiterate … [that we] would not chase the market on current elevated levels.”
There are two ways to view this, in my opinion. On the one hand, we are clearly overbought, having run up 12% over the past 5 weeks. On the other, being the most overbought since 2009 isn’t necessarily a bad thing, since it defined a generational bottom for equities–ushering in a golden age of winship for investors worldwide.
No wonder biotech stocks shot higher today. As a people, we all need the assistance of pain killers and psychotropics to cope with being around one another. Some people will never be happy, no matter what you do to help them ‘see the light’. Detente was tried once before and it failed in record-breaking misery.
Aside from a few large cap outliers, for the most part, today was a loser. Most of the big losers were found in oil, a sector tragically overvalued and headed for trouble. Banks were the other downside standout, as Moody’s moves to downgrade Deutsche Bank.
We were very fortunate that this 5 week rally occurred, permitting investors to sell with dignity. In approximately 4 weeks henceforth, global markets will be disjointed again–thrusted into the evergreen fires of agony. There will be bankruptcies and rumors of such an occurrence. You will assuredly rue the day you decided not to sell, opting for a ‘wait and see’ attitude, hopeful for the future which is already tainted by impending doom.
Aside from that, I am sure we’ll get along just fine, circumventing the markets like good old Cristopher “THE RACIST” Columbus and his little boats in the Atlantic.
Dark days are most certainly coming. Board the ark.
The knee-jerk reaction for right wingers is to lay waste to the Middle East, post Brussels. The looney brained liberals take a more suicidal tact, always afraid to offend someone else. Their oversensitivity to other people’s ‘cultures’ and ‘rights’ borders on the inane. Here in this interview, Nigel Farage, a politician in the UK who is pressing for England to leave the EU, is asked if it would be ‘fair’ to penalize the 95% of good muslim migrants just because 5% of them are bad. This is the thinking of a crazy man. Then, as I’ve been seeing on the teevee all afternoon, they said these terrorists were likely born in Belgium and the migrant issue that is strangling forward nations like Hungary is a non-starter. Immediately Farage shot back, saying then their parents were let in through these polices, establishing ghettos and none of them assimilated into western societies.
The whole concept of accepting 5% of the rotten fruit for 95% mystery fruit is foreign to me. The big push, naturally, is for the removal of all borders. We’d become one giant, ravenous, tribal, people, hitting one another with our holy books. The serenity of the nation-state is the enemy of this current crop of ill-intended politicians.
To argue against unchecked, unlimited, immigration, is the equivalent to wearing a Klu Klux Klan costume and waving a confederate flag.
This is all for business, make no mistake. If you thought slavery was abolished in the 19th century, then you haven’t taken a look at where Apple makes their iPhone–the gentile FOXCONN suicide plants.
Britain should most certainly vote to exit the EU, for it’s on a course for disaster, led by leaders whose perversions of reality endanger the very people they govern.
