King Unicorn, Uber, Continues to Bleed Out Quarterly Losses

Aside from luring blue collar’d livery drivers into their ranks in order to finance a project of autonomous cars which will one day render their employees jobless, the scourge that is Uber is also booking tremendous quarterly losses, as their insatiable greed extends without boundaries. I’ve never seen a company try to expand its footprint so rapidly, without a care in the world for the profitability of its business.

Uber is obsessed with growth and doesn’t give a shit about anything else.

For the first 9 months of 2016, they lost more than $2.2b or $8,029,000 per day. In the third quarter alone, they bled out to the tune of $800m.

However, they’re on pace to do $5.5b in sales this year — stretching its valuation to an absurd $69b, placing its price to sales ratio at 12.5x.

The details of their losses are sketchy. But we do know losses seem to be accelerating from $580m in Q1 to $800m in both Q2 and Q3. Couple this with the fact that the company has been outed for spying on its customers, and I’d prefer to never use this low, rotten, company ever again.

There were two rogue defectors of an unseemly sort — putting Trump’s final electoral vote count down to 304 — well above the 270 needed to win.

Donald Trump has finally driven the last nail into the political coffin of Hillary Clinton. As a result, there are snowflakes melting everywhere, people distraught in anguish because America is on the road towards becoming great again.

Literally melting.

Protests inside the Michigan Capitol. #ElectoralCollege #MAGA pic.twitter.com/SUgZk5qqaF

— James Hogge (@JD_hogge) December 19, 2016

Protest outside Capitol Hill in Tennessee against electors' votes for Donald Trump. #ElectoralCollege pic.twitter.com/0Uzb51uzC1

— David Plazas (@davidplazas) December 19, 2016

Another protest this time from Wisconsin, As the state's #ElectoralCollege submits vote for next President of United States Donald Trump pic.twitter.com/ZOl0vrFvPX

— Laníer (@IssaKhari) December 19, 2016

CLIP: Protests occur in chamber during Pennsylvania #ElectoralCollege Vote https://t.co/Q1ypGaNxv8 pic.twitter.com/U6CTvICQ8e

— CSPAN (@cspan) December 19, 2016

Demonstrators Occupy State House in Vermont Protest Against the #ElectoralCollege. Sign up for the Newswire: https://t.co/wc8jPzz1Tf pic.twitter.com/zv8RDmCqEz

— Storyful (@Storyful) December 19, 2016

CA protest to move the #ElectoralCollege to NOT vote for #Trump pic.twitter.com/gxMKX2Dk3h

— Juan Campos (@juanthehumanist) December 19, 2016

Their hatred for democracy is palatable, isn’t it?

Congratulations to all of those who advocated for the God Emperor. We will now lay the groundwork to make both Mexico and China pay for their many transgressions.

The Russian Ambassador who was killed in Turkey was supposed to negotiate a peace treaty for all of Syria — following Russia’s success in Aleppo. It was noted throughout the media that the United States had been left out of such negotiations — an obvious snub. Putin is now calling the killing a provocation to derail the peace negotiations.

Putin has called the assassination of the Russian ambassador in Ankara a clear provocation aimed at derailing the Syrian peace negotiations.

— zerohedge (@zerohedge) December 19, 2016

A madman is on the loose after plowing through a crowd of people at a Berlin Christmas market —  which left 9 dead and over 50 injured. Obviously, this is the religion of peace at work — copying their ‘success’ in France.

And let’s not forget the Chinese snatching our underwater drone, less than 50 miles from the coast of the Philipines — an apparent slap across the face of Obama for daring to operate in the S. China sea.

The result of all this tumult?

Stocks are higher by 35, the dollar is ripping by 0.42% v the euro, and Erdogan now has the political clout to fire another 10,000 teachers if he wants to. The whole narrative playing out in real time is enough to drive a conspiracy theorist insane — especially since all of this is happening on the electoral college vote day. Nevertheless, the market remains resolute in its desire to achieve reaching 20,000 on the Dow — because, well, Dow 20,000 is so wonderfully decadent.

One thing is abundantly clear after today: Turkey has been and always will be a total shithole. Also, it’s worth noting, the fecal matter is slowing but surely leaking into Europe — establishing a cesspool of sorts in Germany.

The harrowing assassination was caught on live television — because Erdogan is a moron.

Everyone that I know is on edge, as markets slowly careen towards Dow 20,000 — the Mother of all market feats. Forget about all of the world’s problems, the overuse of your credit cards this holiday season, and the vagaries of what a true Trump administration means for you, Dow 20,000 is all that matters.

Like a roving band of Down Syndrome Xmas carrolers, nothing the ardent bulls say to defend this run makes any sense. Even mentioning the idea that stocks should trade lower, let alone crash against the rocks of endless misery, is to be maligned and ridiculed, indefinitely, by much lesser men.

Sadly, my dreams of cascading lower prices, amidst plumes of toxic gas, have proved out to be fruitless, like chasing a phantom into the cold, endless, night.

“The Fly”, once a beacon of hope and prosperity, had suddenly changed, clamoring for world peace to end and for an era of unparalleled suffering to begin. Many were tossed onto the ark, to intermingle with savage African animals, missed out on epic races in the market, all the while waiting for a promise of sudden and complete destruction to invoke itself upon the world to happen.

IT’S NEVER REALLY HAPPENING. Really.

So in 2017, a year which is sure to decide whether or not humans deserve to breathe another year of oxygen, or perish under nuclear clouds, I will cast aside any pre-determined notions and simply idle my active imagination — fueled by my high powered and energetic brain — and simple follow the path of the wretched, like many of you.

I will design a plan that ensures compliance to the markets, irrespective of bias, and attempt to make it interesting enough to keep me innovating throughout the year.

iBankCoin is always changing and out in front of all of the major changes occurring today. We’ll still produce a lot of news content in 2017, but I’m also gonna get back to active management too — something I miss after a year of respite.

Dr. Copper and meme magic have produced great things in 2016, including the worthless tears of Hillary Clinton fanatics. On the very day of final defeat for Hillary, a day which will be celebrated by Trump for electoral college success, copper is plunging — now lower by 1.55%.

Coincidence?

I don’t believe in them.

With all of the supreme rhetoric coming from Trump, regarding China, investors are quietly removing themselves from the boolish on China narrative. Watch it closely and heed attention, for a trade war looms.

Naturally, Trump was wholly correct for chiding the communist scum on Twitter for stealing our underwater drone, done on a platform that has been banned in the canine eating country since 2009. After all, where were the balls on our commanders when they permitted another nation to approach us in international waters and take our shit? We are being lead by feckless people, trickle down cowardice. All of that will change soon. Hopefully.

In response to Trump’s insolence, the Chinese media went apeshit, saying he had no idea how to manage a super power and how China needed to teach him a lesson to put him in his place. The article was greatly infuriating, which is why I’m summmarizing it and not posting snippets.

The main crux of this shitpost is to bring to your attention a possible harrowing blackpill for investors, one forged in Beijing which can easily get out of control quickly.

We stand to lose nothing, aside from a few t shirts, cheaply made at Walmart. Without us, China loses a $550b per annum surplus. They’d literally die.

Copper

Yes, I’m still short $FCX.

Using the screener inside Exodus, I produced the top winners of 2016, with a minimum market cap of $500m. For your convenience, I sorted them by sector. Median returns by sector are also posted below. Also interesting are the total market returns by market cap.

Under $100m: -28%
Between $100-250m: +10%
Between $250-500m: +19%
Between $500-1b: +22%
Between $1b-5b: +22%
Between $5b-10b: +18%
Between $10-50b: +15%
Between $50-100b: +11%
Over $100b: +14.5%

Basic Materials (median return +36%)
$REN +800%
$CLF +482%
$TECK +431%
$AKS +364%
$CC +355%

Consumer Goods (median return +13%)
$NAV +232%
$TWI +183%
$CENT +141%
$SODA +135%
$TSE +117%

Financials (median return +22%)
$CRD-B +156%
$FNMA +137%
$TPL +128%
$FMCKJ +120%
$BSBR +116%

Healthcare (median return -2.3%)
$CLCD +331%
$EXEL +197%
$AVXS +190%
$EVHC +153%
$TSRO +151%

Industrial Goods (median return +27%)
$X +340%
$SPXC +149%
$MDR +124%
$JOY +122%
$KOP +121%

Services (median return +14%)
$CECO +180%
$SNOW +130%
$GRAM +133%
$AVH +130%
$CNV +127%

Technology (median return +15.7%)
$AMD +271%
$NVDA +205%
$OCLR +165%
$AOSL +143%
$S +127%

Utility (median return +25%)
$EBR +383%
$OKE +154%
$TLN +124%
$CPL +105%
$SJW +90%

One of the more prominent hawks at the FOMC is out suggesting that the Fed may need to raise more than 3 times in 2017, in order to destroy the economy, or ‘fight inflation.’

Taking a quick gander at American inflation rates since 2008, God only knows what in the hell Fed’s Lacker is talking about.

“If we were to see a burst of demand growth, that would suggest a steeper path of rates to maintain price stability,” the president of the Federal Reserve Bank of Richmond told reporters Friday after taking part in a panel discussion in Charlotte, North Carolina.

“There is a range of paces of interest rate hikes that would qualify as gradual, including paces more rapid than one or two or three a year,” he said. “We can get where we need to be with a pace of increases that qualifies as gradual.” His next scheduled turn as a Federal Open Market Committee voter is in 2018.

“My guess would be more than three,” Lacker said. “I have been advocating for some time that we return — that we raise rates.”

“We think there is some upside risk because the new administration wants faster growth and it is possible some of the things they are talking about will drive productivity higher,” he told Bloomberg in a telephone interview. “But we don’t think that would be likely to occur in 2017. It would probably be 2018 or 2019. That will give us time as monetary policy makers to assess what is being done and make a judgment as we go forward.”

US GDP has been sub 2% for some time now. The notion that rates need to rise sharply to fend off an overheating economy — marred by runaway inflation — is comical.

In spite of taking a year off from picking stocks and actively trading, my twice per annum update GARP portfolio in Exodus, designed for passive, low turn over returns, looks like it’ll close up more than 20% for the year.

The first half was marred by a fucked up crash and subsequent reflation. As you can see from my post on May 31th, 2016, the GARP index registered a return of 2% for the first half.

I specifically designed the 2nd half portfolio, which is long only of 15 stocks in different industries, for a Trump win. The results have been nothing less than stellar. Here is the portfolio and chart of the index — which is trading at 158, up from a February low of 107.

The biggest gains were had in $X, $CLF, SMG, $MFC and $YELP, with leading losers in $UAA and $EXR. The new index, which will be launched after the New Year, will include a specific thesis based off  a strong dollar.

Vince, aka Raul, created the GARP index inside Motif, which permits you to buy all 15 stocks with one click. I do not get compensated for any of this.

The sense of entitlement, the overwhelming pomposity of Mike Farrell imbues this video like a metastasized malignancy. Out with democracy and in with aristocratic rule, where the enlightened shall, forthwith, decide the leaders of our great nation. All of the learned men shall preside over the working class. Glasses brimming with the very best champagne will be distributed, liberally, as these fine men of letters decide our next leader.

The electors and their Hollywood fan club, energized by democratically funded super PACs, seek to undo the elections of 2016 — because of Donald J. Trump, a man who paid over $400,000 in taxes for his Mar-a-Lago estate this year, is ‘unqualified’ to be President. His actions, according to Farrell and others, is ‘scary’; therefore, a leader of extreme political substance, deep from within the crevasses of the DC swap, shall replace him — hopefully continuing onerous policies of a neocon nature. A globalist scourge, with aims to hollow out and rot America from within, will continue to cast its dark shadows over this nation until her phantom pallor is no longer ambiguous — pushing forth divisive policies and social re-engineering policies, and of course war — maybe even with Russia — in order to crack the country asunder.

Heretofore, the will of the people was sufficient. But the rise of Trump is a national emergency. Something should be done, according to Mike Farrell and his cadre of autocrat loving actors — who’ve taken to the patriotic task of informing the people of their grave mistake.

Who needs enemies with friends like Mike?

The agitprop out of the White House isn’t working these days, thanks to the advent of fake news of course. Following weeks of hysteria, following Donald J. Trump’s triumphant victory of Hillary Clinton and Obama’s legacy, Obama took to the podium for one last time to divide Americans — this time invoking the revered late President Ronald Reagan — saying he’d be ‘rolling over in his grave’ now had he known that over a third of republicans approve of Putin in some random poll.

If Obama truly wants to know why Americans are willing to accept the words of Putin, undoubtedly a strong man leader, over his — he should take a look in the mirror and then gander over to his computer to re-read all of the Wikileaks from John Podesta’s email that Putin so graciously made available to us all. They speak volumes about the corruptness and the rot permeating in our capitol. Even without the emails, we see the neocon strategy of persistent war and deceit hollowing out this nation — devouring its resources, emptying its treasury, and there is nothing redeeming about it.

During the press conference, Obama provided his media with incontrovertible evidence that Russia was behind the WikiLeaks, saying ‘not much happens in Russia without Putin’s approval.’

Russia has a land mass of 6,592,800 sq miles and Putin controls every single inch of it. This is retard level thinking.

Moreover, Obama says he told Putin to ‘cut it out’ when he last saw him in China, warning him of serious consequences. Luckily for us, Putin got scared and ceased all further hackings. However, the damage had already been done and the Wikileaks released.

I suppose this type of lazy thinking appeals to a certain subset of America, else why would he make such infantile statements?

The Divider in Chief, one last time reminding himself and the press that XENOPHOBIA against Russians is good. The Russians are a useless sort, who produce nothing of interest, a very small and weak country, only capable of wiping out the entirety of America 10x over via very large nuclear detonations. Oh, and you pesky republicans love Putin because you’re sooo political.

This is what some might call ‘idiotic diplomacy’, mocking and deriding a rival nation to the point of war, a war that could exterminate life on planet earth for at least a millennia. Genius.