Market Apathy Reigns, Investors Pile Into Variety Bazaar Styled Retailers

Just about half of stocks traded are down today — painting a vivid picture of investor apathy of the first magnitude. All of the shit being foretold by those wishing for Dow 30,000 are on pause for now. My best guess, markets remain in flux until after the elections. After the elections, no matter the outcome, I expect a very sharp sell off and then a bounce and rally into the year end. Should the Fed be stupid enough to hike rates, you will get your bear market in fairly short order.

Today’s market standouts are in the carinvale like variety store, filled with fucking midget misfits who shoot themselves out from cannons and employ clowns to pester and stalk customers around their stores, hoping to execute a sale.

PSMT +6%
FRED +2%
BIG +1.6%
DLTR +1.6%

Other than that, ‘general entertainment’ stocks are higher thanks to RCL and footwear stocks — most likely due to people buying comfortable sneakers so they could run far away from this asshole of a market.

Gold is struggling again today. The whole kit and kaboodle is tied into the Fed hiking rates. Oh, I hope they do. I don’t mind getting my brains shot out from my thick skull in gold, if it meant the overall market would crack asunder and perish in the fires of vengeance.

That being said, I hope you’re having a great fucking day.

I have these amazing market timing tools that I created in Exodus, which have proven to be right upwards of 80% of the time since 2008 and I haven’t been able to use them since June. The whole point of me ceasing to invest in individual stocks in favor of bigger macro trades, fueled by Exodus, was to enjoy a better quality of life, while showcasing the software.

But instead of that happening, the Gods have cursed me with this fucker of a market that refuses to trade down for more than 2 days. It has me to the point of madness, bored of the market, bored of finance, bored, bored, bored. I just wish we’d blow up already. Get it over with, so that I can buy. I wasn’t born to sit around and watch assholes make all the money. I’m certainly not going to buy now, ahead of what should be a market drop for the ages.

Most of you will be reduced to ash. I will use the embers from your charred heart to roast marshmallows in the coming apocalypse. I’ve taken liberties to short stocks again — something I haven’t done since 2008. All “The Fly” wants is to see sharply lower stock prices, the world in chaos, and the balance of all of the people on Twitter to zero out their brokerage accounts.

Is that too much to ask?

Also, once Hillary gets in, I’d like to see mysognosts and xenophobes swing from the gibbet. The Clinton’s are gonna kill so many fuckers after this election. It’s gonna be great.

GDP just came in at 2.9% v 2.5%. Let the good times roll, fuckers.

One of the key barometers of this election has been the Mexican peso. The keystone policy of Trump’s candidacy has been to construct a gigantic souther border wall– which would be paid for by the Mexican government. This angered many in Libtardville, and of course the drug cartels in Mexico, who controls their government.

For decades, the Mexican government has been an utter disgrace. It would’ve been far better off had Napoleon III conquered that bedraggled nation and made them into proper men. Instead, the Empire of America is stuck with a dysfunctional southern border filled with retrogrades and taco vendors.

All of that is about to change, God willing, under a Trump Presidency.

If my technical analysis is correct here, the USD/MXN cross is undergoing a ‘taco formation’ which could only mean one thing.

MEXICO WILL PAY. The peso is about to break to the downside. Trump will win and make American great again.

Any questions?

Old school pollster, and generally pissed off guy, Pat Caddell, nearly lost his shit in this interview. You could see he was physically upset by the fucking polls, and by the blue pills swallowed to produce such scandalous pieces of fiction. When you take them all together and look at them from afar, it’s crazy nonsense of a scatter brained indolent — and Pat doesn’t like it one bit.

Also, Pat seems to be very fucking angry over the divergence between American dissatisfaction with the status quo, polling heinously against the policies thrusted upon us by Hussein Obama, and the tepid results for the change candidate, D.J. Trump.

The Hillary Clinton documents, by way of the John Podesta email box, curiously is being ignored by a slobbish Americana — who must be preoccupied listening to Trump’s pussy grabbing audio on loop.

That being said, Pat Caddell thinks the polls are being crafted by pole grabbers who are afraid of the orange hue emanating from a certain Donald J. Trump.

British journalist, Katie Hopkins, told an incorrigible CNN host that she was in for ‘a big surprise’, calling CNN the Clinton News Network to her fucking face! Also, she described the liberal media as ‘sneering’ at the BREXIT and Trump movements.

There is a lot of hatred for the state sponsored media these days.

Don’t fall for this gambit again. Jeff ‘crazy eyes’ Bezos, owner of the Washington Post, is a man without morals. For about two decades, Jeff had used his super powered website, dubbed Amazon.com, to destroy the U.S. economy and see to it that vast quantities of Americans get fired from their retail jobs. Every so often, he intentionally posts bad results, in order to lull shorts into a false sense of security.

Case in point, the company just said this:

Reports Q3 (Sep) earnings of $0.52 per share, $0.30 worse than the Capital IQ Consensus of $0.82; revenues rose 29.0% year/year to $32.71 bln vs the $32.65 bln Capital IQ Consensus; operating income $575 mln vs. $50-650 mln guidance and $670 mln estimates.
NA net sales +26% to $18.9 bln; GAAP operating income 37% to $255 mln
Int’l net sales 28% to $10.6 bln; GAAP OI ($541) mln.

AWS net sales +54.5% to $3.2 bln; GAAP operating income +101% to $861 mln.
Co issues in-line guidance for Q4, sees Q4 revs of $42.0-45.5 bln vs. $44.65 bln Capital IQ Consensus. Operating income is expected to be between $0 and $1.25 billion, below estimates, vs. $1.1 billion in fourth quarter 2015.

In the after hours, AMZN is down $50, or 6.5%, like a jackass moron. Twitter is filled with obituaries, decrying the death of Bezos — tying his fate, ironically, to the orange pussy grabbing clown. But don’t be fooled by this ruse. Neither he or the clown is done yet.

She got out of line. Donald had to put her back into her place.

All the time off that Sick Hillary has had and CNN is accusing Trump of being lazy. Rigged media. pic.twitter.com/jU7ALl6vGv

— Paul Joseph Watson (@PrisonPlanet) October 27, 2016

All of the riskiest stocks are getting hammered again. A great man once said ‘show me where I’ll die and I won’t go there.’ Having managed money for nearly two decades, I can tell you, without equivocation, traders die in the riskiest stocks — and it’s always without warning. Things are going great — until you’re being ejected out from the car — through the windshield.

Case in point, IPOs

PTI -32%
ACIA -16%
SNDX -7%
TWLO -6%
EDIT -6%

In spite of the market only down a little, breadth is dreadful at 32% and a sundry of sectors are sharply lower.

How am I playing it?

I have 25% of my holdings in the FIST OF DEATH, short DB, ULTA, LFC, CAT and FCX. Additionally, I am long gold, via GLD, AUY, ABX and AU. Lastly, I am long TLT. The net result is a rather benign day for me. However, I am looking forward to the resumption of the no bid tape — which should provide comfort to those aboard the ark or in the mine.

Cash reserves is at 5%.

They thought she was with the Dept of Health. And yet, according to the recent John Harwood poll, she’s up 9 on Trump.

How?

You can thank the leader underwriters for this disaster. Guess who? Goldman Sachs and Morgan Stanley. Who else could it be, really?

This is a courier provider in China, based like an American Greed company in the Cayman’s. Upwards of 77% of their business derives from Alibaba.

Pray tell me, what happens to ZTO should BABA ever decide to buy start its own courier service?

KABOOM.

The stock market debut, the biggest by a Chinese company since the $25 billion IPO of e-commerce giant Alibaba in 2014, gave the Shanghai-based company a market value of more than $12 billion.

ZTO priced 72.1 million shares at $19.50 a share, above its previously indicated range of $16.50 to $18.50 a share. That price is about 27 times its expected 2017 earnings per share, according to people familiar with the company’s financials. The company wants to use $720 million of its IPO proceeds to buy more trucks, land, facilities and equipment.

FDX trades at 24x earnings and UPS 19x. Obviously, Wall Street doesn’t think ZTO deserves to trade at a premium to those two companies.