The CEO of $LWAY, Julie Smolyansky, Told Trump Supporters to Sell Their Stock; Wall Street Obliged

I’ve never seen people so unhinged. I did expect the heroin addicts in Portland to go crazy, but I never thought I’d read about a CEO telling shareholders to sell their stock, if they supported a Presidential candidate that didn’t mesh with her version of the world.

Ever since Election Day, shares of LWAY have been spiraling lower. On the 11th, CEO Julie Smolyansky, tweeted this nonsense.

It’s like this person who walks the earth gets all of her information from fake news outlets, like CNN, MSNBC or Huffington Post. Not only did she call Trump a rapist and a sexist, and of course a racist, she also called you an apologist for voting for him. Seriously, there is a mental illness sweeping the world. But the good news is, saner people, a stronger brand of DNA, have woken up and will not permit the lunacy to continue any longer.

Shareholders heard Julie’s request and punished her with a sharp sell off in the stock — off more than 12% on Friday.

Now the CEO is blocking people on Twitter and deleting Tweets. She also made her account private. Hello, she’s the face and spokesperson for a PUBLICLY traded company. By definition, it is her job to enhance shareholder. Is she doing that now?

No.

As an aside, Julie’s Dad was the founder of the company, up until 2002 when he passed away. Since then, Julie has been running the company, along with her brother Edward. Meanwhile, Mom has been divesting and selling the stock, regularly. In short, she’s a spoiled brat playing with Daddy’s company and feels entitled to say whatever the hell she wants, because her family runs the business like a monarchy.

She should be ousted.

In an effort to cut back on corruption and the black market economy, in a surprise move, India banned 500 and 1,000 rupee note denominations, which is causing people to go fucking haywire, desperate in need of money.

They’re waiting on lines for hours to either deposit their banned notes or exchange them for legal tender. India is in the process of printing new notes and will make them available shortly. In the meantime, people are fucked.

Imagine waking up to learn that $20 and $100 were banned and no longer legal tender and that you had a few days to turn them in, otherwise they’d be rendered worthless?

Source: Bloomberg

People stand in line to exchange now-defunct notes.
Indians rushed to deposit 478.68 billion rupees ($7.1 billion) of cash at State Bank of India after the government’s surprise move to abolish high-denomination banknotes, as customers queued for hours to deposit or exchange the old bills and ATMs ran dry.

With the banned bills accounting for 86 percent of money out of circulation, there is tremendous pressure on India’s banking system to replenish the cash. There’s adequate money in the currency chests at more than 4,000 locations and re-configuration of dispensing machines will be completed within two weeks, Finance Minister Arun Jaitley said at a press conference in New Delhi on Saturday.

India’s banks have been caught out by Prime Minister Narendra Modi’s unexpected and widely-praised announcement late on Tuesday of the withdrawal of 500-rupee and 1,000-rupee notes, part of a crackdown on tax evasion and the underground economy. Jaitley urged people not to rush to banks immediately and wait for a few days and to conduct financial transactions using electronic transfers, cheques and credit and debit cards.

“A big regret is that people are getting inconvenienced, but currency replacement of this magnitude will cause some problems,” said Jaitley. “There are long, but orderly queues. Such a big currency replacement can’t be done overnight.”

State Bank, the country’s largest lender, has handled 543.70 billion rupees of cash transactions, including deposits, withdrawals and exchange of banknotes, starting Thursday through 12:15 p.m. on Saturday, Jaitley said. The state-owned bank and its associates account for about 20 percent to 25 percent of the nation’s banking system, he said.

The government deliberately didn’t reconfigure the more than 200,000 cash machines beforehand to help keep the announcement a secret, Jaitley said. The machines are being re-calibrated so that they can dispense new 500 and 2,000 rupee notes, which do not fit into the existing cash trays in the ATMs.

The central bank’s presses are printing banknotes at full capacity to ensure availability, Reserve Bank of India said on Saturday.

To overcome cash problems people are facing, the government allowed the use of old banknotes to pay court fees and utility bills until Nov. 14. It had earlier also suspended collection of tolls on national highways through the same period.

“The first few days are going to be a period of inconvenience, but long-term advantages of this are to the overall economy,” said Jaitley. “There is no mismanagement at banks, had that been the case then not so many people would have been serviced.”

Taxes will be paid, whether people like it or not.

The great lie of the left is their faux love for freedom and democracy. By definition, the policies of the left are tyrannical and very criminal, as revealed by the sundry of Wikileaks this election.

Over in Portland, the drug addicts have taken to the streets to destroy their own city, because democracy.

An anti-Trump protest escalated into a riot Thursday night in Portland, Oregon https://t.co/hnm1r2GtCP pic.twitter.com/Y4xNfhT6rB

— New York Post (@nypost) November 11, 2016

Headlines are crossing that Trump’s number one priority is to encourage lending again. As a result, the financials have soared and continue to outperform on the prospects of renewed greatness and prosperity.

Construction related stocks trailblazed higher and copper posted its best week ever, higher by 20%. Without question, there is an optimism sweeping the nation — almost as if a great dark and evil presence has been lifted — permitting markets to run freely with reckless abandon.

On the other hand, vocal Trump enemies have missed out on the party, names like AMX (Carlos Slim), FB, AMZN, GOOGL, BIDU, MSFT and CRM all went lower.

Fannie Mae was the biggest winner, up more than 70% on rumors that a Trump administration will leave them the hell alone and permit them to lend without having to sweep profits to the government.

U.S. Steel leapt by more than 20% and bonds were annihilated.

Big pharma and drugs did very well and hospital and other Obamacare beneficiaries crashed. THC was down 26%, CYH -19% — and HCA, LPNT and others were down double digits. In the insurance field, both CNC and MOH collapsed, while HIIQ and MGLN soared. Figure it out.

It was an interesting week to say the least, marked with the best trading action I’ve seen in years. Unfortunately, I was caught in a flat footed bearish position and will be licking my wounds for the next few days. Although I wanted Trump to win, I truly didn’t expect it to happen — which is part of the reason why I am in the positions that I am in.

God save Donald J. Trump.

Prepare for the $100 tomato. Ever since Wednesday, the inflation boogeyman has been all the rage. Following nearly a decade of deflationary pressures and fucked up central bank policy — which has constrained growth, the market in its infinite wisdom has declared Trump to be a great friend of economic prosperity and growth. As such, the price of copper has risen nearly 20 percent — its biggest move ever.

So how does any of this make sense? Are we going to build the Mexican wall out of pure copper?

Building construction is the main driver for copper and China represents more than a third of that demand.

In other words, the spastic retards bidding up copper now are betting that Trump will cause a construction boom in CHINA! Really?

As a side note, the actual winner in all of this is Chile — a country that represents 35% of the global supply of copper. Interestingly, the Chile ETF, ECH, is down 1.5% for the week.

Great job Wall Street!

The rally in the financials has been mesmerizing to see since Wednesday. After all, Clinton was Wall Street’s candidate. Apparently, Trump was their true friend, perhaps a person who could finally unshackle the chains of regulation and permit them to flourish again. After all, having that crazy bitch, Elizabeth Warren, by the side of Hillary, isn’t exactly a bullish thing for bank stocks. With Trump in office, it is widely believed Dodd-Frank is dead. More importantly, since crushing the spirits and dreams of the globalists whores, the U.S. yield curve has blow out to new highs — currently 121 bps up from 70bps just a month or so ago.

That spread is pure profit for banks. As a result, a furious rally has ensued — led by Fannie Mae.

Here are some of the biggest winners in the financials this week.

FNMA +70%
FMCKJ +33%
PRI +30%
SLM +29%
AMP +29%
DB +20%
LNC +18%
JPM +13%
WFC +17%
BAC +15%
GS +16%
MS +17%
UBS +16%
OZRK +23%
BOFI +21%
SF +21%
SIVB +22%
VOYA +22%

Banksters win again!

Silver is down a staggering 8% now and gold is down more than 3.5%. The underlying stocks in both the gold and silver sectors are down in the area of 13% this week, following a blow out in yields and rise in the dollar. As markets hit new highs, the ultimate short squeeze is ensuing. No one expected a Trump win would result in sharply higher prices. Cruelly, the market is rising in a fashion designed to maximize pain for those with risk off positions — namely those long precious metals and fixed income.

Broken cable elevator trading action.

The carnage in equities is far worse — as margin calls culminate and people liquidate their holdings.

This is far from normal trading and the rise in the dollar hasn’t been too severe, higher by just 1.2% this week. In short, this is a wanton attack on positions that have been accumulated for the better part of the past year. Both gold and bonds have been a mainstay amongst both bears and those skeptical over the economic prospects for global trade this year. Moreover, we’ve seen a 20% spike in copper this week, also a nonsensical move when taking into account that literally nothing has changed since Tuesday.

Nevertheless, markets have a long, rich, history of running down people and making them beg for mercy. No one ever said this shit was easy.

These are mentally disabled people. The vast majority of the people out in the streets are wards of the state, degenerates, drug addled morons of the first magnitude. I just find it all delightfully ironic how the mantra of ‘love Trumps hate’ has morphed into ‘riot and burn shit down’ because the democratic elections they held so dear didn’t go their way.

Smashing an electrical box with a baseball bat while dozens of people stand nearby.

The Alt-Left in action. #TrumpRiot pic.twitter.com/Gx2PWSEWgw

— Paul Joseph Watson (@PrisonPlanet) November 11, 2016

Matt Maloney is trying to recover from his PR nightmare, one that likely caused his lead counsel to throw up on himself in the middle of the night — thinking about the mess he’d have to deal with in the morning.

Although he’s trying to say he never meant that Trump supporters weren’t welcomed at GRUB, it sure as hell sounded like it.

While demeaning, insulting and ridiculing minorities, immigrants and the physically/mentally disabled worked for Mr. Trump, I want to be clear that this behavior – and these views, have no place at Grubhub. Had he worked here, many of his comments would have resulted in his immediate termination.

Further I absolutely reject the nationalist, anti-immigrant and hateful politics of Donald Trump and will work to shield our community from this movement as best as I can. As we all try to understand what this vote means to us, I want to affirm to anyone on our team that is scared or feels personally exposed, that I and everyone else here at Grubhub will fight for your dignity and your right to make a better life for yourself and your family here in the United States.

If you do not agree with this statement then please reply to this email with your resignation because you have no place here.

First of all, none of that shit is correct. Like most libtards who toss bombs, he’s distorting the things Trump has said and is insulting every single Trump supporter at his company — not to mention half his customer base. After all, if you voted for Trump, you must be a very wicked and hateful person, if we are to believe the horseshit coming out of the email box of Maloney. How can an employee read this differently?

Here’s today’s letter, most likely crafted by his general counsel.

This year’s presidential election was undoubtedly divisive and left many of our employees feeling concerned. In response, I wrote a company-wide email that was intended to advocate for inclusion and tolerance — regardless of political affiliation — during this time of transition for our country.

Some of the statements in my email (please see full text below) have been misconstrued. I want to clarify that I did not ask for anyone to resign if they voted for Trump. I would never make such a demand. To the contrary, the message of the email is that we do not tolerate discriminatory activity or hateful commentary in the workplace, and that we will stand up for our employees.

Grubhub welcomes and accepts employees with all political beliefs, no matter who they voted for in this or any election. We do not discriminate on the basis of someone’s principles, or political or other beliefs.

I deeply respect the right of all citizens to vote for the candidate of their choice. In fact, I offered extra flexibility on Tuesday and encouraged all our employees to go vote. There is a place for all points of view at Grubhub. We value diverse perspectives and believe those perspectives help to create a better product and a better workplace culture.

Grubhub’s leadership team has worked for years to create a culture of support and inclusiveness. I firmly believe that we must bring together different perspectives to continue innovating. We are better, faster and stronger together, and so is America.

Posted by Matt Maloney, Grubhub CEO

Wall Street doesn’t give a shit what he has to say today. The stock is sharply lower in aggressive melt your face off trading action — down by 4.5%. If you’re long the stock here, at 80x earnings, after the CEO insulted 50% of the country, don’t be surprised when the company misses both earnings and revenue expectations next quarter and the stock is a fraction of what it’s trading for today.

The very essence of the bear case stems from the inescapable fact that sovereign debt loads are an albatross around the necks of governments. It prevents them from enacting fiscal stimulus, or lowering taxes, because of the massive amount of debt against GDP. Almost every single western nation is deficit spending, so the debt bubble is only getting bigger. Although I do appreciate the vigor of market participants this week, celebrating the ascension of the golden hair’d lion, the rise in sovereign yields only make matters worse.

It has always been my position that rates could not rise, due to this burden. If, in fact, they did rise, it would only constrain fiscal spending, quickening the debt/gdp problem, making entitlement spending an issue during political elections. It is my belief the rise of populism around the world coincides around this core problem: the great transfer of wealth from west to east.

The greatest civilizations the world has ever known have been reduced to a merry group of latte drinking consumers — lining the corrupt pockets of multi-nationals.

Here are the 10yr yield changes amongst some of the most indebted nations in the world. Explain to me how a sharp increase in their big sovereign credit card yields is a good thing for stocks.

Debt to GDP / 10 year bond yield change (1 week)

Japan 229 (-0.08% to -0.02%)
Italy 132 (1.75% to 2.02%)
U.S 104 (1.7% to 2.13%)
Spain 99 (1.2% to 1.49%)
France 96 (0.5% to 0.75%)
Canada 91 (1.2% to 1.43%)
U.K. 89 (1.2% to 1.36%)
Germany 71 (0.15% to 0.31%)
Portugal 129 (3.2% to 3.49%)
Belgium 106 (0.40% to 0.69%)
Singapore 105 (1.9% to 2.35%)
Ireland 93 (0.65% to 1%)
Austria 86 (0.35% to 0.58%)
Hungary 75 (3.1% to 3.5%)
Brazil 66 (11.5% to 12.25%)
Netherland 65 (0.25% to 0.49%)
Finland 63 (0.30% to 0.51%)