CARTER BRAXTON WORTH: ‘We’ve Lost Our Leadership, The S&P is Broken’

Already preoccupied at his winter cottage in the Berkshires, Carter Braxton Worth, generously, hurried down to the CNBC studios in NYC — driving at a furious rate of speed to alert America of the perilous state of the S&P 500. Without having the succor of large multi-national monopolies to buoy markets, Carter believes we’d be lost in the dark, cold, unforgiving sea — without a paddle or a life vest.

None of this portends to a crash of any significant magnitude, but we’ve broken down, we’ve broken down, we’ve broken — the fuck — down.

Trump is certainly taking the gloves off here — in an acrimonious speech deriding the Clinton crime family and their designs on power and how the media, the state department and other are complicit in their fuckery.

The anti-globalist movement dies with the failure of the Trump candidacy.

The gains in the beloved tech sector are often talked about at cocked tail parties and other venues of extreme decorum. Men clad in bowed ties and shiny shoes brag to their catamites about gains in Microsoft and Apple.

But a look under the hood of the tech heavy Nasdaq tells a different story.

Year to date, the Nasdaq is higher by just 4%. When compared to bonds, utes, gold and REITs, the returns in the Nasdaq are a laughable fuckery.

We had a chance to perform a miracle today by reversing the losses — but we failed.

Nonetheless, at the first sign of an Exodus oversold signal, I’ll be getting long for an oversold bounce.

Good day.

I thought for sure we’d see centaurs directing trading by the end of the day — after plunging lower by 150. Lo and behold, oil reversed to the upside and stocks, slowly but surely, edged higher.

As I write this, the Nasdaq is still down by 15 — but it could’ve been a lot worse.

The market might’ve avoided a hairy conclusion today, but it’s certainly not out of the woods yet.

Today’s big standouts are lower yields for sovereign bonds and the resumption of the risk off trade.

After the BREXIT vote was announced, the BOE announced a QE program for the ages, which entailed £10b in dengerate corporate bond purchases — for the explicit purpose to lower yields, also known as manipulation.

As of today, the bank is well ahead of their 18mo schedule, reporting corporate bond ownership of more than £1b — significantly higher than the £300m that was expected.

“This is a big statement,” said Tomas Hirst, a London-based credit analyst at CreditSights. “Given that the expectation was that we’d be somewhere in the region of 300 million by now, it gives you an idea of how far ahead they’ve gone.”

The good news, naturally, is that London’s bankers have been very busy issuing new bonds to be purchased by the government. Third quarter sales were £11b.

Helicopter money, but for really rich folks.

It’s all over for you. The figure four leg lock has been applied and there’s no way out.

There are five cogs to the bull market wheel. Next week in Exodus, I will reveal my method to short said wheel — basing it off these pillars.

1. Banks
2. China
3. Energy
4. Retail
5. Industrials

All five are at risk of grave injury.

EIA inventory data missed by more than 4m barrels. Oops.

EIA Petroleum Inventory Data
The EIA reports that for the week ending Oct 7:

Crude oil inventories had a build of + 4.9 mln (consensus called for a build of about +0.65 mln barrels)
Gasoline inventories had a draw of -1.9 mln (consensus called for a draw of about -1.49 barrels)
Distillate inventories had a draw of -3.7 mln

As such, WTI and Brent are careening lower.

Expect markets to worsen into the afternoon. Only the 3:30 ramp can save you now.

Something tells me the finale is gonna resemble a fireworks display.

Here’s what I found, thus far. There will be zero coverage of this in the media.

First email I open from #podestaemails6 seems to show that Qatar, state sponsor of terrorism, wished Bill a very happy birthday in 2011. pic.twitter.com/BDshD3n0AX

— David Barnes (@DavidLBarnesJr) October 13, 2016

They knew she had no chance against @BernieSanders #PodestaEmails6 #hillaryclinton #PodestaEmails #wikileaks https://t.co/GwgEj4JJC2 pic.twitter.com/uLcKYJHugw

— The Dead Reds (@TheDeadReds) October 13, 2016

Hey Liberals, according to #PodestaEmails6, Hillary doesn't need you. Ouch. pic.twitter.com/50xalY4iWV

— Shane K. (@ShaneKPolitics) October 13, 2016

#PodestaEmails6 #Wikileaks ID 7278@johnpodesta goes to GEORGE SORO's house for an entire week for "planning".https://t.co/BUieaLyGpA pic.twitter.com/d3kZIp62DD

— Michael T. (@RealMikeTrimm) October 13, 2016

Just like what they did for their friends in #Travelgate.. Always take care of their friends/donors #NextFakeTrumpVictim #PodestaEmails6 https://t.co/qHY1zsWaJC

— Deplorable DoubleD (@zenbuddi) October 13, 2016

#PodestaEmails6
Hillary camp tried to introduce bill as a distraction from email woes, knowing it would never pass.https://t.co/HAPYBeAnLG pic.twitter.com/DChUCRqFDA

— Jikary Jack (@JikaryJack) October 13, 2016

The #Racist @HillaryClinton Campaign Were Looking For Token Minorities To Show They Are Not #Racist. AND JOKED ABOUT IT.#PodestaEmails6 pic.twitter.com/ErD44veJip

— ??? realDeal ??? (@NoMoreRomney) October 13, 2016

Even Hillary's own staff complain about her temperament. Projection, anyone? #PodestaEmails6 #wikileakshttps://t.co/mlBjIQU9J3 pic.twitter.com/q22gc2eZMk

— Michael Lott (@theS4RG) October 13, 2016

They wanted to keep Bill on the plane!@Cernovich @PrisonPlanet @DRUDGE_REPORT #podestaemails6 #wikileaks pic.twitter.com/ihbIuc7KIa

— DJ Banter (@pizzapartybantz) October 13, 2016

#PodestaEmails6 #Wikileaks ID 7273

Check out this beauty… #NextFakeTrumpVictim #MakeAmericaGreatAgainhttps://t.co/LjocsvuhsR pic.twitter.com/Y0nAepm9lR

— Michael T. (@RealMikeTrimm) October 13, 2016

#SandersTruthSquad#PodestaEmails6 #PodestaEmails5 #PodestaEmails #Wikileaks #OurRevolution #BernieSanders #HillaryClinton #RobbyMook https://t.co/ZRW1ovNNrd

— BernieBird v HillFly (@uxaio) October 13, 2016

Even Dems see #Hillary is Negative and campaign is pointless for America! #wikileaks #podestaEmails6 https://t.co/MVrk9fdJ7E pic.twitter.com/2hgWhMFGDa

— retrophoebia (@retrophoebia) October 13, 2016

More DOJ and Clinton collusion. Remember this when they try to call you a "conspiracy theorist"#PodestaEmails6https://t.co/7QF4UQKmeY pic.twitter.com/03SUSkJXIl

— Matt (@SlickedBackSilv) October 13, 2016

BusinessInsider on Clinton's leash, Talking points to surrogates, Congressional Subpoena, comply? #PodestaEmails6 https://t.co/u4b7hLWyj7 pic.twitter.com/NzCpxyNlld

— James W. Styles (@Jules_J_007) October 13, 2016

If there was still any doubt, MSM is owned by #CrookedHillary
#PodestaEmails6https://t.co/ujZc6xnMsa pic.twitter.com/S8Gvz9XCaR

— TrumpMAGA (@WinterReckoning) October 13, 2016

#Hillary camp NOT liking #SNL picking on sub-prime lenders. #Wikileaks #PodestaEmails #PodestaEmails6 pic.twitter.com/3vcvESeSRq

— Charlotte (@Danethepain1) October 13, 2016

#PodestaEmails6 8086, the #Clinton camp making an effort to falsely leak an altered excerpt of one of #HRC's paid speeches. #wikileaks pic.twitter.com/7TKrMZmJIz

— Charrington Daily (@CharringtonDail) October 13, 2016

Hillary's brother is "hustling gold mining" in Haiti. Wow! #PodestaEmails6 https://t.co/CNQGvGQdxi pic.twitter.com/tUUEpCMTZF

— Deplorable Veteran (@KGBVeteran) October 13, 2016

Following last night’s catastrophic export numbers out of China (who the fuck do you think they’re exporting to?), copper is sharply lower this morning — off by 2.5%. Listen to me. This renewed decline in copper is going to feed on itself. First, there were concerns over China. Then, there was capital flight. Next, there will be weakness in commodities, mainly copper and oil, which will scare people into believing the global growth story that never was — really isn’t gonna happen.

This is called a ‘negative feedback loop.’

I’ve been, personally, fucked inside these things plenty of times throughout my meaningless career of money changing. I’d be long XYZ and then news would break that would crack my skull into pieces. I’d then spend about a month trying to mend my skull, as markets dove into the pits of hell — based off some human emotion called fear.

This guy had it right. Clamor and dream for recessions. You’ll never be disappointed when they come, truth be told.

As an investor, you could play stupid games and bet against VALE and BHP — effectively pussyfoot around the real loser in all of this, which is FCX.

I am short from $11.60 and hope to cover said short at $3, not a penny more.

I want to foment a civil war on the site. To that end, it’s important that I permit both liberals and conservatives battle it out until death. As such, I want to start ‘Barry’s Basement’ and ‘Donald’s Penthouse’ blog sections — where both groups could vent and cast aspersions to their heart’s delight.

Anyone is welcomed to join — even people who I hate and have banned.

If interested, email me at [email protected].

Just know, I will pay you absolutely nothing. You’d be doing this for God and country.

These blogs will self destruct after election day.

I know it’s hard for many of you to believe the unbelievable — but we support ISIS.

Moscow has been fighting them in Syria — bitching and complaining the whole time about our compliance with the terror organization. Ahead of a very planned and almost idiotic scheduled attack on the city of Mosul, Russian sources are saying we’re permitting 9,000 ISIS fighters and their families to leave the city — relocating them in Syria, so they could fight against Russia and Assad.

Makes sense.

source: RT

“More than 9,000 Islamic State (IS, formerly ISIS, ISIL) militants will be redeployed from Mosul to the eastern regions of Syria to carry out a major offensive operation, which involves capturing Deir ez-Zor and Palmyra,” the source said.

According to the anonymous diplomatic source, US President Barack Obama has already sanctioned an operation to liberate Mosul, due to take place in October.

During the storm of the city in northern Iraq the US-led coalition’s planes would only strike detached, vacated or uninhabited buildings, while keeping terrorists as targets, he said.

In September, US Secretary of Defense Ashton Carter confirmed that Washington would send an additional 600 troops to Iraq to help liberate Mosul at the request of the local authorities.

The source suggested that redeployment of IS militants is necessary because “Washington must somehow counter Russia’s achievements in Syria, try to diminish their importance.”

“Apart from the purely political dividends, the other purpose of this operation, obviously, will be to discredit the success of Russian Airspace forces. And, of course, it’s an attempt to undermine Syrian President (Bashar) Assad,” he said.

The leadership of Saudi Arabia’s General Intelligence Directorate will be the mediators and guarantors of the agreement on safe passage for the jihadists from Mosul, he claimed.

The source added that a similar scheme had been used by the US and its allies during the liberation of the Iraqi city of Fallujah.

What the fuck. Far fetched? I think it sounds par for the course in this $5 trillion sinkhole of a fuckheaded neocon strategy to keep us in perpetual war. If only we could foment a war with Russia, why, would could be at war for at least another 10 years.