BLASPHEMY ALERT: I Bought $SQQQ

I’m hedging now — because markets are terrific and everything is wonderful. Fly can’t have good things for an extended period of time — he must ruin them with his nihilism. As such, I’ve purchased a spot of SQQQ here, which will likely be held for a few days.

The theory: wait and see if these gains hold or if they were merely an oversold reaction and will soon succumb to the pressures of XIV investments gone astray and Trumpism on steroids.

Morning lads, my fucking dogs are running about the house driving me nuts right now — barking and growling, chasing each other like wild animals. The snow was about 8 inches thick last night and I nearly died shoveling all that snow last night — but I survived and here I am now to give you the news of the day.

Cigna bought Express Scripts for $67 billion and now they intend to fuck you hard with drug prices. Markets are sharply higher because the nationalists are back in charge of the White House — making America great again, creating trade wars and shit — the likes we’ve never seen since Bush the Idiot was in power.

Expect everything to melt the fuck up today, as it’s finally revealed that Gary Cohn was in fact the cuck in the White House holding back Agent Orange from achieving true greatness.

War with France when?

ISIS who?

This just in regarding the tariffs. Some believe Mexico and Canada will get exemptions — but that would be a mistake. If you want to do business in this country — you’ve got to pay the fucking toll.

President Trump will hold a meeting at the White House today at 3:30 ET to discuss tariffs. Last Week, President Trump said there will be a 10% tariff on aluminum and a 25% tariff on steel. President Trump has been getting push back from his own party regarding this plan as 100 House Republicans sent the President a letter urging him to change course.

What to watch for during today’s meeting:

• 1) If President Trump reaffirms the tariff percentages that he outlined last week. The higher the numbers, the more positive it will be for steel and aluminum sectors.
• 2) If President Trump outlines exemptions or carveouts for Canada and Mexico. In yesterday’s White House press briefing, Sarah Sanders said there will be potential carveouts for Mexico and Canada based on national security. (Canada accounts for 16% of steel imports and 41% of aluminum imports).  CNBC reported that President Trump is considering a 30-day exemption for Canada and Mexico, which would be connected to NAFTA negotiations.

This is also news. Dear god.

Net Element +31% after adding Jon Najarian to its Board

All jokes aside, markets might run out of steam here today — so be careful with your new purchases — for they might brain you.

Comments »

Follow the timeline. Gary Cohn is great for Goldman and Gary Cohn — but literally has zero effect on the fate of American commerce and the stock market. Any political based sell off should be bought with both hands and has been hitherto.

OMG tariffs. OMG govt shutdown. OMG Cohn is gone. OMG Trump won the election. OMG no bailouts for banksters. OMG sovereign debt crisis. OMG China capital flight. OMG tape tantrum. OMG jobs. FUCK YOURSELVES pic.twitter.com/MDgg06dTAD

— The_Real_Fly (@The_Real_Fly) March 6, 2018

I'm not even gonna throw on the Dunkirk soundtrack for this drop in futures. I am 100% certain we recover by tomorrow morning

— The_Real_Fly (@The_Real_Fly) March 6, 2018

Good buying opportunity. Cohn had zero effect on US economy. Anyone selling on this news should be castrated.

— The_Real_Fly (@The_Real_Fly) March 6, 2018

***NASDAQ +2*** pic.twitter.com/QHdDGLtnNn

— The_Real_Fly (@The_Real_Fly) March 7, 2018

BUYING OPP pic.twitter.com/wG6BWPD8Ok

— The_Real_Fly (@The_Real_Fly) March 7, 2018

This sell off is bullish pic.twitter.com/pmINpFm3LK

— The_Real_Fly (@The_Real_Fly) March 7, 2018

INDEUD pic.twitter.com/8NpRvpNIQB

— The_Real_Fly (@The_Real_Fly) March 7, 2018

The Nasdaq closed +24, SPY flat.

In light of all this noise, I decided to get long pre-revenue biotech in order to play the hype and ride the wave.

I bought REPH — because their non opioid pain meds is targeting a major market and America is addicted to Oxy.

And I bought BLCM — because it is the worst performing CAR-T play out there — probably for good reason. Nevertheless, I like my chances.

Fuck yeah, ‘merica.

I’ve wrapped myself in the American flag, Budweiser can in tow, and purchased shares of AKS. After I bought them, I went outside and farmed a little bit, let off 300 rounds from my AR-15, and then proceeded to light fireworks for the next 30 minutes. After that, I BBQd some fucking hotted dogs and baked beans, and then washed it down with some iced tea, whilst watching repeats of the 1969 World Series.

The chart on AKS looks dreamy. Plus, it is my patriotic duty to buy these shares. If you don’t buy them, you are a traitor, in no uncertain terms.

MAGA, Top Kek, LOCK HER UP, BUILD THE WALL, Drain the swamp. Based! Tired of winning?

Fucking cringe.

Try to get your heads around this one. Gary Cohn resigns and Bitcoin crashes.

At the time of this post, BTC is lower by 12% and the entire crypto world is getting whipped upon the gibbet. The entire crypto market cap is roughly $400 billion, down 50% from the highs.

Trump got elected because he made a promise to the steel workers in the rust belt that he’d punch back on trade — fight to protect jobs. Perhaps blue collared work is beneath some of you. I certainly know it is beneath me. However, I have empathy for people living in retarded rural areas with nothing else to do than waste their lives away. Now there’s a human narrative that needs to be discussed and it all has to do with choice.

Is it ok to sacrifice an entire genre of people in order to produce cheaper items for the masses? Sounds like slavery to me. In this instance, we have relegated millions as wards of the state, creating a deleterious situation for the bloodlines of all those families hit hard by the loss of industrial jobs in the midwest.

Now I know my advisor friends truly despite robo-advisors and they mock them often, not because they’re horrible for investors, but because it literally means loss of jobs in the finance world. Imagine a world where it was the policy of the United States to actively promote the exportation of financial advisory jobs to overseas robo-advisors. I bet you absolute faggots would be seething, absolutely.

Here’s Kyle Bass offering common sense to the steel tariff industry. It’s about national defense and the rust belt — the millions who’ve been afflicted by opioids in the past decade because Dad lost his job and the family went downhill fast: the human element in this wonderfully fucked up moneyed world we live in.

“We import 4 units of steel for every 1 that we export. And for aluminum, we import 90% of our basic aluminum needs.”

Tired of winning yet? By the way, if this is what winning looks like — could you imagine what a Trump White House that was actually losing might look? Perhaps we’ll learn of people falling over iced cubes and into sharp dinnerware, or onto train tracks into oncoming locomotives.

Nevertheless, as expected, nothing has resulted from Cohn exited, as the Nasdaq stretches into positive territory — up from -100 in last night’s pajama clad futures session, which must’ve been attended by all of DCs dumbest stock traders.

Even still, I have a duty to uphold here and I’d be remiss if I didn’t share some news. I sold out of my SPY position a short while ago. It was a systematic trade that was designed to be held for only 3 days, based on the Exodus oversold signal. Reason being: the data suggest a 3 day hold would be optimal. Ergo, I booked a 2.2% gain with 20% of my assets and have now jogged on.

Into the wilderness I go, looking for new ideas. In total, my buy the dip excursions, based on the systemwide oversold signal, did quite well — +2.2% in SPY and +14% in SOXL.

People are absolutely losing their shit, absolutely, because Gary Cohn resigned from the Trump carnivale. What’s important to note was Gary’s initial motive for joining Team Trump — being able to easily divest ~$250 million in Goldman stock, plus getting the opportunity to scratch working inside the Oval Office from his bucket list.

As a lifetime democrat, Cohn leaves House Trump with his reputation unchanged, and pockets inexorably thicker.

The idea that Dow futures are down 400 on this news is ridiculous. More than 100 NASDAQS have been removed from the national treasury and for what?

It’s important to note that Bloomberg is speculating tonight that Trump will widen the tariffs, especially targeting China. However, all of that is speculation and most likely untrue, at least in the interim.

Having sold my SOXL position today, I will most likely be buying this dip tomorrow morning.

The very evil and malevolent Gary Cohn, #2 cuck at Goldman Sachs, has fired himself over Trump’s proposed steel tariffs. Like a baby crying over seeing shit in his sandbox, Cohn has decided to extricate himself from the MAGA platform and crawl back into the private sector — where he could enact trades that can do far more damage to the economy than anything he’d be able to do at the White House. For a man like Cohn, this is a most preferable decision.

His statement.

“It has been an honor to serve my country and enact pro-growth economic policies…I am grateful to the president for giving me this opportunity and wish him and the administration great success in the future.”

Several months ago, the idea of Cohn leaving would’ve laid waste to the stock market. Since then, markets have found their footing and no one really gives a shit now. Literally nothing can stop progress.

SPY futures are -1.2%.

Good riddance, fucked face.

Food for thought. Working for Trump, Cohn was forced to divest his shares in GS. As such…

Cohn's take home from working just over a year with Trump: $284MM tax free

— zerohedge (@zerohedge) March 6, 2018