It appears a young man barged into a Panera Bread in Princeton with a gun, then holed himself up in a standoff against coppers for 5 hours. Rumor has it, he was former military, about 30 years old, and he might’ve shot himself. Don’t quote me on it. Couple that with the fucking bombs being shipped in Texas, and of course the active shooters, and I think it’s fair to say there is a tangible sickness gripping the country.
Stocks lifted, but breadth was sub 50% and my trading account produced losses. Over in my quant account, I gained another 1% and I am fucking crushing the SPY by nearly 200bps over the past two weeks.
On the upside of today’s pin action is Bitcoin and cryptos — all sharply higher.
Here is today’s breakdown by sector. Does this look like a +150 day?
The time has come for the blogger experiment to end. The era of fake news is now behind us. We needed the false election of Trump, who stole votes from Hillary Clinton, via a crafty network of FAKE NEWS blogs, a highly sophisticated Facebook analytics ad campaign, and Russian bots and hacks, to fix the sickness of the internet — which is freedom of speech.
Over in China, they don’t fall for the nonsensical argument of MUH free speech. They simply reject it and punish anyone who tries to access information that isn’t approved by the government. While we cannot do that on the surface, since we’re still pretending to be an open and free society, we can easily accomplish this by making our tech monopolies implement policies that do the exact same thing as communist China.
For example, Google just announced they are launching a new monetization model for participating news agencies to push back against fake news. If you aren’t approved by Google, you cannot participate.
The initiative, announced Tuesday, will offer publications another monetization model online called Subscribe with Google, as well as work with established universities and groups to combat misinformation. It will also introduce an open-source tool called Outline, which will make it easier for news organizations to set up secure access to the internet for their journalists.
Google said it was committing $300 million over the next three years to the project, though it did not elaborate on how the resources would be spent. The company said it paid $12.6 billion to news organizations and drove 10 billion clicks a month to their websites for free last year.
Subscribe with Google will make it easier for readers to pay for content from news organizations that have agreed to partner with the company. FT.com and The Washington Post are among the launch partners, though Google has not yet named a full list.
The company is also testing a “Propensity to Subscribe” feature using its artificial intelligence, which will let companies know which consumers are likely to pay for their products. A new News Consumer Insights dashboard will further analyze readers for subscription opportunities.
Google will also create the Disinfo Lab with Harvard’s Kennedy School aimed at clarifying misinformation during elections and breaking news moments. It will also launch MediaWise, an organization in conjunction with the Poynter Institute, Stanford University and the Local Media Association, which will work to develop digital literacy for young viewers.
On paper, the idea of boosting traditional news organizations with strong editorial boards is a good idea — since they’re professional journalists with experience and know-how. The only problem with them, of course, is their reputation — which is widely viewed as biased and often times derided as propaganda for leftists policies on a global scale, especially in America. One thing is clear: on almost every social media platform, and now Google itself, there is a major push to demonetize and penalize any opinions that aren’t in concert with the prevailing opinions of the main stream media.
Welcome to your new happy world.
RELATED: A man was just convicted and will be SENTENCED to jail time for uploading a video onto Youtube, showing his dog doing a Nazi salute.
A man has been convicted in a UK court of making a joke that was deemed "grossly offensive". If you don't believe in a person's right to say things that you might find "grossly offensive", then you don't believe in Freedom of Speech.
While awaiting sentencing, Court has ordered that I meet with a court social worker for an assessment as to whether or not a Restriction Of Liberty Order will be placed on me. This would involve a GPS tracking device being attached to me and me being placed under house arrest.
This is the front page of CNBC right now, sheer panic over Facebook.
You’d have to be a complete idiot to fade the market because Facebook is under criticism for having too much power. Once again, the company is growing fast and nets $4b per quarter. Whatever politicians want to throw at FB, they can handle it. At the end of the day, government’s need Facebook to be cooperate and do not want to piss them off too much. They simply want to ring-fence their power and try to use this latest non-crisis via the news to pressure them to bend the knee. When it’s all said and done, it will have no material impact on the bottom line.
Markets are strong at the open, but somewhat flaccid. It’s also possible we’re in a rut, ahead of what could be a third government shut down over the past year. Markets are somewhat milquetoast, susceptible to decline over the smallest of reasons. Perhaps the Facebook induced panic is more of a symptom than a cause?
Either way, until we get some follow through on the downside, I am bullish on dips — the deeper the better.
I have lots of cash following my LABD and SOXS sales and will deploy it into upwards momentum only. Downside dips will be bought on Exodus oversold signals only.
When are you going to realize Zuckerberg is your alpha, literally in charge of your hopes and dreams — decider of whom you will vote for and fall in love with. He is God, more or less, for millions of Americans — fat slobbish beings trapped at home because everything outside is too expensive.
Zuckerberg the Alpha deciding your fate
Yesterday all of the establishment shills were mad at Zuck because he enabled a firm to access the profiles of 50 million Americans, which was then used to elect an Orange Ape. But Zuck does as Zuck likes. He owns most of the stock, has a net worth upwards of $75 billion, and he’s only 33 years old. If Mark wanted to be a cannibal and sustain himself off the loins of dead humans — he would — and there’d be nothing you could do about that — quite frankly.
Today the world has come to grips with Facebook’s hegemony — a company NETTING over $4 billion per quarter, in control of the hearts and minds of billions. Dow futures are +100, Nasdaq +35.
In other news, another mail bomb blew up in Texas today. What the fuck? I don’t know what to think about that, other than the fact we live in violent times.
Here are stocks moving in the pre-market.
Gapping up
Gapping up
In reaction to strong earnings/guidance:
TKR +5.1%, HQY +1.9%
Other news:
ARNA +35.2% (reports positive phase 2 results from the OASIS trial for etrasimod in patients with ulcerative colitis)
CRME +12.1% (announces strategic transaction with Cipher Pharmaceuticals — Cipher to acquire all outstanding shares of Cardiome, following a restructuring of Cardiome pursuant to a statutory plan of arrangement)
FNJN +9.3% (received the $65 million payment due from Symantec; Halcyon Long Duration Recovery discloses 14.2% active stake)
ELGX +8.2% (announces the first results from ENCORE, a pooled, global analysis of several prospective clinical trials and registries studying polymer endovascular aneurysm repair (Polymer EVAR) using Ovation Abdominal Stent Graft Systems)
AMTX +6.5% (continuation of last week’s move higher)
KMPH +6.1% (announces that topline results from its ongoing pediatric and adolescent pharmacokinetic study suggest that following oral administration of its KP415 product candidate)
BB +5.7% (BlackBerry and Microsoft partner to offer enterprises a solution that integrates BlackBerry’s mobility/security with Microsoft’s cloud/productivity products)
APHB +3.2% (after announcing collaboration with the Western Sydney and the Westmead Institute for Medical Research based in Sydney, Australia)
TRIL +2.6% (FDA Office of Orphan Products Development has granted an Orphan Drug Designation to TTI-621 for the treatment of cutaneous T-cell lymphoma)
Analyst comments:
IIVI +2.2% (upgraded to Buy at B. Riley FBR)
FCX +1.4% (initiated with a Buy at Goldman)
CTRN +1.3% (upgraded to Buy from Neutral at MKM Partners)
BHP +0.5% (upgraded to Neutral from Underperform at Exane BNP Paribas)
For thousands of years the elite have tried to extend their lives and achieve immortality. Back in ancient days, retarded elites used to mummify themselves. A Pharaoh would die and have his whole family murc’d with him, down to his favorite birds — all mummified to be laid to rest in gigantic pyramids, built by plebs, festooned with elaborate traps to protect all of his earthly possessions, jewels and rare texts, which were also buried with him. After the slaves built the pyramids, especially the one’s who built the secret traps, they’d be killed and tossed into the Nile. Their families would be enslaved and forced to build new pyramids for soon to be dead elites.
These people were idiots of the very first order. Guess what, nothing has changed, other than the level of innovation and advances in technology. Very soon, robots will be doing everything, from driving your cars, to flipping your burgers, to fornicating with your wives. Hell, they’ll even give birth to your new babies. After that, once you’re old and half senile, or maybe even a lot younger, they’ll offer you a ‘special deal’ to upload your idiot brains to a super computer, for the sum of $1 million, in order to achieve immortality. You mind will be uploaded into a new avatar, one that looks just like you — but with great upgrades — such as abs, longer cocks, better hairline, and brighter eyes. This new avatar will be custom made by you — just like in the video games. Once uploaded, your friends and family will not know the difference. It will be you, other than the fact that YOU’LL BE DEAD — a mere vessel and simulation of you, achieved for the purposes of de-population on a massive scale.
Kids will wait in line for this sort of thing, to be exterminated by Jeff Bezos and his fucking robot dogs.
This will kill you
In the future robot people will be walking real dogs, and the world will be better. Crime will be non-existent, corporate revenues predictable and devoid of emotional set backs. Without the overhead of dealing with organic people and their fucking problems, inefficient idiots, we’ll branch out to other galaxies and colonize planets — zipping through space like magicians. Once we conquer other civilizations they will be forced to assimilate, upload their brains into supercomputers, else be eliminated from the universe.
Futures are higher this evening. I sold my inverse ETFs at the highs of the day, switched and went long some JNUG — eagerly waiting for tomorrow’s open so that I can bowl on you pinheads with violent alacrity.
I booked a 19% gain in LABD and +7% in SOXS, both higher by more than 8% for the day. Those gains helped offset some of the other FUCKERY taking place in my brilliant bio-ag plays. I think this sell off is both fake and gay and truly believe, down to the deepest depths of my black heart, we’ll be back to skinning bears alive tomorrow.
It’s worth noting, the proceeds have gone to cash — since I have no interest in adding beta to a portfolio that is already a wild-animal-beast. Over in my cordially managed quant account, I cannot buy anything with my cash reserves until we get a systemwide oversold signal.
Good afternoon lads. Markets are crashing thru the fucking floor boards today for two reasons.
1. Trump is really the President and now it’s serious.
2. It’s all Facebook’s fault.
On that news, the Dow is off by ~450, Nasdaq nearly 200. It is a true bloodbath out there — the likes of markets that make you want to just take a bath with a plugged in toaster. Really rancid out there.
I am getting REKT in a variety of stocks, only helped by two hedges and a long: LABD, SOXS, AMRS. Other than that, I am just like you — only a lot cooler and exponentially smarter and a lot more success. Probably better looking too — but that is a depreciating asset.
Two ports of safety are GLD and TLT. My Quant account is positioned into both, and has been since March 1st. The worst of the sell off it happening in the oil and semis. The drop in the semis are notable, with a few dozen down more than 4%. For now, I am keeping my hedges and my longs, waiting for resolution.
Here are the biggest losers of today, by industry.
Here we go again. This is the dumbest fucking reason to sell a stock — it’s too god damned powerful. Over the weekend, thanks to a whistleblower, Guardian broke a story about social media gurus at a firm named Cambridge Analytica. Apparently, this piece of shit company, thanks to some help by the Mercer family, helped elect Donald Trump and cause BREXIT. They did nothing illegal, per se, other than use the data provided by Facebook to target ads. In other words, they were marketing news for political purposes and because Trump won — they are now evil.
It’s the biggest crock of shit story I’ve ever read — but my opinion is in the minority here, as Facebook’s stock is cascading lower on heavy volume — all due to it being viewed as a threat to establishment shills.
CNBC
Facebook said that all the parties that had received the data said it had been destroyed, although the company said it had received reports that not all the data was actually deleted.
“We are moving aggressively to determine the accuracy of these claims. If true, this is another unacceptable violation of trust and the commitments they made,” Paul Grewal, deputy general counsel at Facebook, said in a blog post Saturday.
Roger McNamee
“There’s been an increasing understanding that when you’re using Facebook, a lot of bad things are going to happen to you, as a user,” McNamee said. “That is not a 100 percent guarantee, but the risk is really, really high.”
It’s not the first time Facebook has battled issues of user trust. The company has been facing increasing pressure from tech insiders and lawmakers to give greater transparency into its data and advertising businesses — particularly following the discovery of Russian meddling on the platform during the 2016 presidential election.
But it is one of the first instances of consumer sentiment so significantly hurting the stock. The stock’s weekend plunge is the company’s biggest single-day drop since September 2012.
“In my mind, trust is the thing that makes these [internet platforms] successful,” McNamee said. “I am an investor. I want them to have the trust of the users.”
Jim Cramer
Cramer said on “Squawk on the Street” that the negative Facebook headlines make investors “sick” of the stock, adding there’s some sentiment on Wall Street that Facebook is “the worst of the FAANG’s.” (FANG is an acronym originally coined by Cramer for Facebook, Amazon, Netflix, and Google-parent Alphabet. Apple was later added to make it, FAANG.)
“I think the trust feels like a lot of other people, which is: ‘You know what, if I’m going to pay say 23 times this year’s earnings or 19 times next year’s, I don’t want to get up in the morning'” and see a bad headline every day, Cramer said.
Cramer added the continued bad headlines make the U.S. tech company seem “naive.” But asked whether he’s surprised by the big move down in Facebook shares, Cramer said, “Yes I am at this point.”
“Why isn’t Facebook more aware of the power it has?” asked Cramer, host of CNBC’s “Mad Money.” “They don’t make you love them.”
He added, at the moment, it’s hard to find stocks that aren’t “controversial.”
“I am stuck with the idea that this company had revenue growth of 47 percent [in the latest quarter], earnings per share growth of 57 percent. This stock is selling at 19 times earnings,” Cramer said, which under normal circumstances would make it attractive.
Look at these melting snowflakes bitching about Facebook’s absolute power, something that has main stream knowledge for over a fucking decade. Give me a break.
Stocks are getting absolutely poleaxed today. But, on the other had, Ripple is soaring — naturally. They are natural counter-balances, arch enemies. The Ripple is in fact a store of value in a world of chaos.
Nasdaq down 160, while XRP +21%. Makes sense.
How are you hedging? Or, are you buying the dip like a good stock student?
