If this does not bring a smile to your face, Jack, you dead.Comments »
*** UPDATE ***
Apparently we we lied to twice today. First, we were told it was white supremacists (plural). Then told it was not white supremacists but rather Muslims (two shooters identified by name). Now we are back down to one shooter, who appears to be a Muslim-hating terrorist and caucasian as can be.
I stand by my original thesis – where is the Journalism? Where is the Fact-Checking? Who is this guy named Mohammad and if he is not real, where did he come from? What is happening, for fuck’s sake.
*** UPDATE ***
So much fuckery going on today. I will try to keep this as short as possible and add many pictures to help my less-reasonable readers understand what just happened. But the outright horse shit coming from the mainstream media has made this blog entry’s creation most tedious. Among the first reports published was one from the Leftist shit-rag The Daily Beast, one of those fake news sites you hear about on CNN.
You can see the level of integrity by perusing the Daily Beast’s Wikipedia entry:
The Daily Beast began publishing on October 6, 2008, The Beast’s founding editor was Tina Brown, a former editor of Vanity Fair and The New Yorker as well as the short-lived Talk Magazine. Brown stepped down as editor in September 2013. John Avlon, an American journalist and political commentator as well as a CNN contributor, is the site’s Editor-in-Chief.
Anyone remotely in tune knows The New Yorker to be a cesspool of radical alt-left bullshit.
The Daily Beast published, without any verification at all, (proper journalism has all but disappeared in the US media) that the shooters were right-wing white supremacists. This turned out to be false as subsequent reports from Quebec City had the suspects yelling Allahu Akbar as they mowed down worshippers inside the mosque. It turns out they are, of course, radical Islamic terrorists. Are you listening, Barack?
Early reports show at least one of the shooters to be recent “refugee” immigrant.
Here is the predictable result of this fake news:
Francois Deschamps, a member of a refugee-support group in Quebec City, said right-wing groups are very organized in Quebec City and distribute fliers at the university and plaster stickers around town.
Deschamps said he has received death threats after starting a refugee support group on Facebook and people have posted his address online.
‘I’m not very surprised about the event,’ Deschamps said
I wonder how surprised Mr. Deschamps was when he learned the real story. Probably the same way Young Trudeau, Jr felt the day after his impassioned speech welcoming “all refugees that the US refuses to accept”.
And of course the odious Angela Merkel chimed in, professing shock that something like this could happen. The assumption here is that Merkel and her spokesman get their information from The Daily Beast:
German Chancellor Angela Merkel’s spokesman condemned the ‘despicable’. Steffen Seibert said the German leader was shocked by the shooting.
Seibert said: ‘If the killers intended to set people of different faiths against each other or to divide them, they must not and will not succeed in that. We stand in mourning beside the Muslim community in Quebec.
I tried to get some information about the Daily Beast fake news from the MSM, but a Google search only showed it being legitimately reported by those nasty alt-right sites like Breitbart.
Except for one: an ABC affiliate in Pennsylvania, named WNEP., which mentioned the Daily Beast fake news.
Overjoyed at this glimmer of hope from our failed MSM, I quickly clicked on the link only to find that the ABC Corporate Overlords in New York had already scrubbed the article. To protect us all, no doubt:
More from Wikipedia on the disaster that is The Daily Beast. There is much more, but I did say this article would be as brief as possible:
Parent company and Clinton campaign
The Daily Beast is owned by IAC, where Vice Chair of the Clinton Foundation, Chelsea Clinton, serves on the board of directors.
Opposition to Sanders
Articles in 2016 also commented on the lack of viability of Sanders as the Democratic nominee and the “Bernie Bro” phenomenon, accusing supporters of Bernie Sanders of harboring misogynist views towards Clinton.
Then this fruitbag, the founder of the pedestrian yet over-hyped Patrón tequila, came out threatening a few more dollars added to the already overpriced shit he sells to status-obsessed American Idiots.
I am sure this tickles the gonads of musician, Patriot and unabashed freedom-loving rocker Sammy Hagar, creator of the far-superior premium tequila Cabo Wabo (which costs about 59% less than Patrón).Comments »
WTF Is Going On In Korea? Is The Trump Rally Over? And Oil, Son. Pay Attention when I’m talking to you, Boy.
This shit gets little press. We are not talking about this guy:
No, we are speaking about this:
With 546 trillion Won ($456.5 billion) in assets, South Korea’s public National Pension Service is the world’s third-largest pension fund, behind Japan’s and Norway’s. It’s also become a part of the widening scandal surrounding impeached President Park Geun-hye.
(Source: Bruce Einhorn and Heejin Kim at Bloomberg Businessweek)
Greece is #49 on the GDP list. Korea (South) is #11. Pay attention.
Interesting moves in the crude oil futures madness yesterday as the EIA weekly showed a massive build of gasoline and distillates for the second week in a row. Unsurprisingly, prices rose on the news. Trading crude futures is not for the weak.
Tangents abound in import numbers and current supply/demand, but there could be some fantastic opportunities in the oil sector over the next few weeks for both skeptics and optimists.
Of course we have the OPEC “freeze” (at inflated record production) from an agreement in early December that is current support for prices above $50/bbl for WTI. But we also have the spectre of OPEC compliance which is shaky at best when you look at their history.
I am currently in the position of being long a few Petro-related equities while short crude futures. An interesting place to be unless you factor in timelines, which in my case stretch out years, not days. I am very skeptical of prices above $54 as that only encourages producer hedging. And anything higher will spur shale production.
The Golden Goose for the investor here is to determine the winners of two scenarios: One, OPEC reverts to form and cheats on the production agreement, thereby initiating a rout in crude futures. Two, compliance is seen, spurring prices to $60 and initiating a rapid ramping of production from unconventional sources.
An investor has opportunity here. My preference is long term bets on core Permian plays. Zero down into the Delaware Basin to find the core assets. (If you do not understand the potential of the Delaware Basin, you owe it to yourself to read up). The first of course is Apache but $APA has already had a huge run. $CVX comes to mind and has been a great play for fixed income. My favorite is $CDEV if you have some cash to invest and forget about for a few years. $CDEV, currently down 10% from it’s highs is an opportunity that to me is once in a lifetime, to get in very early on a spec play run by the best minds in the Texas oil business. Texas Tea, mofos. It is all about this guy:
If you do not know who he is, leave the conversation. Unless you are curious…much more info can be found here.
Yet when dealing with crude futures and their corresponding short-term horizon, one must be constantly aware of forces that are ready to smite you in seconds, depending on the day’s headlines.
The current price is subject to two primary forces: OPEC and “NOPEC”. The reality here is that there is a new sheriff in town, and he is from Texas. Some analysts believe that the Saudis (you do not speak of OPEC without the word Saudi) will be quite content at this point with WTI at sub-$60 as that will discourage shale production. This is a very valid scenario when viewed through the lens of the Arabians, who lost their market-share battle when shale production failed to implode.
There are now two swing producers, Saudi Arabia and the Republic of Texas. Place your bets.
As stated, I have positions in both crude futures and equities. Take my advice at your peril, buy me a drink if it all works out.
Don’t look now, but enthusiasm appears to be waning for participants in the Trump Rally. I am now 40% cash, hoping to get that to 50% by Jan 20. Enjoy your January Thaw.Comments »
Algos retreat like rats.
The “Progressives” in this country are fascists, and they must be brought into the sunlight and exposed. People are jumping up and down about Trump (and Lord knows they should be) but I smell something more sinister even than the Bloviating Yam. That smell is an outright assault on the First Amendment.
Samuel Clemens aka Mark Twain is one of my heroes, and I have few. Besides the obvious literary talent and spoken wit, he was a real Man’s Man and led an amazing life, though it was fraught with pain and suffering as most of his family died long before he did.
In the case of Huckleberry Finn, a mother is complaining about the use of racial slurs that have caused grievous harm to the fragile psyche of her biracial son. Speaking of biracial, is it me, or are those who do the most whining biracial? Colin Kaepernick, Shaun King, Jesse Williams and Barack Obama immediately come to mind. People who are actually dark skinned don’t seem to be doing all the jumping up and down. Hmm.
This is the end result of the progressive agenda being taught to our children on high school and college campuses. We are raising a true Generation of Snowflakes, who must be protected from that thing called Life.
In response to a formal complaint from a parent, Accomack County Public Schools Superintendent Chris Holland said the district has appointed a committee to recommend whether the books should remain in the curriculum and stay in school libraries. District policy calls for the formation of the committee — which can include a principal, teachers and parents — when a parent formally files a complaint.
The parent, Marie Rothstein-Williams, made an emotional plea at a school board meeting Nov. 15, saying the works had disturbed her teenage son, a biracial student at Nandua High School on Virginia’s Eastern Shore.
“I’m not disputing this is great literature,” Rothstein-Williams said. “But there is (sic) so much racial slurs in there and offensive wording that you can’t get past that (sic), and right now we are a nation divided as it is.”
“A Nation Divided” – a nation divided by a major political party trotting the mothers of felons onstage at their national convention to be used as role models?
“I have never known [Mr. Clemens] to be stirred up on any one question as he was on that of the cruel treatment of the natives in the Congo Free State. In his letter to Leopold, the late King of the Belgians, in his own inimitable way he did a service in calling to the attention of the world the cruelties practiced upon the black natives of the Congo that had far-reaching results. I saw him several times in connection with his efforts to bring about reforms in the Congo Free State, and he never seemed to tire of talking on the subject and planning for better conditions.”
—North American Review (1910)
Booker T. Washington
Educator, author, orator
Novelist, poet, essayist
“Jim is the best example in nineteenth-century fiction of the average Negro slave (not the tragic mulatto or noble savage), illiterate, superstitious, yet clinging to his hope for freedom, to his love for his own. And he is completely believable, whether arguing that Frenchmen should talk like people, or doing most of the work on the raft.”
—The Negro in American Fiction (1937)
Literary critic, professor at Howard University
“It is this treatment of race that makes Pudd’nhead Wilson as contemporary as Little Rock, and Mark Twain as modern as Faulkner, although Twain died when Faulkner was in knee pants.”
—introduction to Twain’s Pudd’nhead Wilson (1959)
Poet, social activist, columnist
“Nobody calls Twain’s Pudd’nhead Wilson a novel of racial protest, but the comment it makes on what they call race relations is pretty strong. It’s a wild book. I’ve never seen anything so strong.”
—interview in the San Francisco Chronicle (1964)
LeRoi Jones (Amiri Baraka)
Poet, novelist, essayist
“The spoken idiom of Negro Americans, its flexibility, it musicality, its rhythms, free-wheeling diction, and metaphors, as projected in Negro American folklore, were absorbed by the creators of our great nineteenth-century literature even when the majority of blacks were still enslaved. Mark Twain celebrated it in the prose of Huckleberry Finn.”
Novelist, literary critic
“Huckleberry Finn is a black novel. Yes, you’ve seen pictures of Samuel Clemens, and he’s white. Super white. White hair. White suit. White skin. But nobody’s ever seen Mark Twain, who was a figment—and a pigment—of Samuel Clemens’ imagination. And Mark Twain was black.”
—address delivered in Hartford, Connecticut (1985)
Novelist, Winner of Pen-Faulkner award
“The 1880s saw the collapse of civil rights for Blacks as well as the publication of Huckleberry Finn. This collapse was an effort to bury the combustible issues Twain raised in his novel. The nation, as well as Tom Sawyer, was deferring Jim’s Freedom in agonizing play.”
Novelist, Nobel Prize Winner
“Seriously, though, two things people throughout history have held in common are hatred and humor. I am proud that, like Mark Twain, I have been able to use humor to lessen people’s hatred.”
—on receiving first Mark Twain Prize at the Kennedy Center (1998)
My first post on this blog was about the queasy feeling I would get every time the DJIA approached 18000. How quaint. But then again who among us would have predicted DJIA 20000 just last April? It is all madness, and we know this. It didn’t just shrug off 18000, it blew past 19000 and has been on fire since Election Day.
We know it yet most of us, once again, are staring into the abyss, certain in our ability to time The Correction even though the most astute among us has surely been spanked by irrational exuberance at least once in our wretched lives. And vice-versa. Getting the fuck out at the right time is a beautiful thing, though rarely achieved.
Needless to say we should wide awake as we move within 100 points of 20000. Watching the S&P VIX rise right along with the S&P. We have been here before. We are Professionals. Nimble traders. We learned our lessons in the last century, before the phones took over.
I added some $UVXY to the portfolio this week as another hedge along with my $AU and $TLT. I did cut back a bit on some TLT shares today and I am now at cost, factoring in dividends. Grandma Yellen, knock yourself out. With The Donald entering the stage, all bets are off. Will the Trump Effect continue? Stay tuned.
Energy space is soaring, thanks to the men in the white robes and our friend Vlad Putin. Has anyone gotten the memo about the Permian Basin yet?
Many Blessings upon you in 2017.Comments »
Watching the Democratic Party and it’s accomplices in Big Media die a slow death right before our eyes is a wonderful thing to behold. But jumping into the scam that is the Great Jill Stein Fundraising Recount shows the depths that the DNC will sink – and it is unfolding before our eyes.
When you are called out and eviscerated by Glenn Greenwald, it is truly finis for the Democratic Party and it’s shills in Big Media.
I just watched five minutes of Fareed Zakariah on CNN and my head is still spinning. This clownass dedicated his opening to the concept of “Globalization” as the reason for the success of post-WW2 America. Globalization is no longer the anti-Western philosophy of Global Cultural Homogenization we thought it was. It apparently is the driving force behind capitalism. Here is some of Zakariah’s spew for your entertainment:
But first here is my take. Much of the world has been shocked and dismayed by Donald Trump’s win but there are those who are delighted. This was a victory for the forces which oppose globalization, are fighting illegal migration and are in favor of clean ethnic states declared global dawn, Greece’s far right party sometimes characterized as Neo-Nazi. The deputy leader of France’s right wing national front party.
What unified Trump’s foreign admirers is the idea that the existing global order is rotten and should be torn down. All the European parties cheering Trump’s victory, seek the destruction of the European Union and more generally, the close-knit western community of shared values and interests.
Yu see what he did there? He is blaming those trying to save Western Civilization for destroying Western Civilization.
They are almost all strikingly pro-Russian because they see in Vladimir Putin’s Russia a country that stands in opposition to the current international order and seeks actively to undermine it. Many of these groups take covert and overt support from Russia and they benefit from the Kremlin cyber warfare.
But what is this globalism to which these people are so opposed? Well, after 1945, in the wake of a great depression and two world wars, western nations established an international system that was characterized by rules that respected national sovereignty, allowed for the flourishing of global commerce and encourage to respect for human rights and liberties.
This order has resulted in the longest period of peace among the world’s major powers, broad-based economic growth that created mass middle classes in the west, the revival of Europe and the development of poor countries lifting hundreds of millions of people out of poverty. It also encouraged the spread of more freedom to more people than ever before in history.
The American role in all of this was pivotal. Washington set the agenda and provided the security which was about more than just deterring the Soviet Union and other aggressive powers.
There are many facets of what one would call Globalism. Hell, the Phoenicians, Egyptians, Greeks, Romans and Chinese were globalists. But we are talking about Cultural Globalism here, Fareed. That type of globalism that crawled out from some dank recess of your warped mind into the daylight, pretending to be something positive for our modern, western European, Capitalist, and dare I say it for fear of being branded a racist, free market society founded by enlightened Caucasians.
This is the globalism that we are told by the asshats at CNN is what we should aspire to, a happy mixture of cultures and religions all living peacefully together…which of course is a steaming crock of horse shit.
We are supposed to buy this crap. During the election process we were assaulted by memes such as Trump wearing a hat emblazoned with “Make America White Again” as if we were racists for supporting our own way of life. It suddenly became fashionable to vilify white people as evil incarnate. This was proudly on display in Philadelphia at the DNC convention as the failed mothers of young violent felons were paraded onstage as role models, for fuck’s sake.
Any one of the fine young men above could be Obama’s son, we are told by the Race-Baiter-In-Chief. Their behavior can be attributed, 100%, to white racism, we are told by the Democrats.
Fareed should be ridden out of town on a rail after being tarred and feathered. But why exert ourselves when we have Vlad Putin to lead the evisceration and public shaming?
Zakariah needs a hobby. Something other than the plagiarism he has been repeatedly accused of.
As for the appeal of The Donald, I will let Marine Le Pen, the next French President, explain it to you.
Beats consensus. IPhone7 above expectations. Ridiculous +24% beat on services, Second-Gen watch and iPhone7 will do well this Christmas, (not enough data to contribute to 4th-Q numbers), 10th-Anniversary iPhone in-queue, buybacks continue, $.57 dividend announced – stock drops AH as lame speculators who bought this morning and held thru close get crushed.
Cook has been making nice with the Communist Chinese, expect that to bear fruition vs other non-Chinese competition. Everything is cool in other markets, especially Europe. Ignore NA numbers, the smart money will. India is the main focus, as well as Japan and other Asian countries.
The iPhone7 is a status symbol. The Galaxy Note 7 is a disaster. Take that any way you want to.
BUY THE DIP – while you can, under $115 Average down if further weakness tomorrow. See me in March for further discussion. The Tenth Anniversary iPhone Edition due in 2017 is rumored to be a game-changer. Everything this fine American company does is planned years in advance. Target $130 June 2017.
DISCLAIMER: Long, very long, AAPL. Follow me at your peril. Good luck to all.Comments »
You can’t make this shit up. His Royal Fuckface Sheikh Hamad bin Jassim al-Thani, el Bagholder Numero Uno, holder of losses in DB estimated at over $1.2 Billion, is ready to step up and double down on his unfortunate bet.
Funds controlled by His Royal Dicknose bought 6.1 percent of Deutsche in mid-2014 and increased their stake to just under 10 percent, including options, in July 2016.
The first source also said that since the U.S. Department of Justice’s claim in September, he was not aware of any formal correspondence between Sheikh Hamad’s investment vehicles -Paramount Services Holdings and Supreme Universal Holdings – and Deutsche’s management.
The second source said, however, that Qatar’s continued involvement in the bank would be under the condition that it resumed focusing on its daily business and did not lose more market share in key businesses such as investment banking.
“They are too much focused on legal issues, the whole bank is ruled by lawyers at the moment. This needs to be changed.”
Lawyer Stefan Simon was nominated to Deutsche’s supervisory board in July at the suggestion of the two Qatari investment vehicles. He was placed on the board to keep an eye on the bank’s execution of its strategy, the source said.
The source added, however, that at the moment there was no pressure from Qatar for any changes in top management at Deutsche. “Execution is the issue, not strategy.”
Qatar’s ruling family and the Qatar Investment Authority (QIA), the country’s sovereign wealth fund, have suffered a string of paper losses on high-profile portfolio investments in recent years, including a stake in Germany’s Volkswagen (DE:VOWG_p), which is facing fallout from a damaging emissions scandal.
His Royal Goatfucker is not hurting for cash in the least, having recently purchased Picasso’s Les Femmes d’Alger (Ver O) for a record $179.4 million at auction.Comments »
You cannot make this shit up. Liberal shit-rag ThinkProgress believes that using Emergency Alerts to track down Islamist terrorist bombers injures brown people.
From The Daily Caller:
ThinkProgress published a piece warning that the high-profile manhunt for alleged Manhattan bomber Ahmad Khan Rahami promoted panic and racial hysteria rather than vigilance and safety.
The main source of ire for ThinkProgress tech reporter Lauren Williams is authorities’ use of a wireless emergency alert (WEA) to let New Yorkers know who officers were looking for and encourage them to send in tips.
“The move drew immediate criticism for stirring up public fear, which could have potentially resulted in innocent individuals being wrongly targeted by citizens aiding police efforts,” Williams says in the piece. “While New York was within its rights to use the WEA system following the bombings, the incident raises intersecting questions about the over-criminalization of people of color [and] how they are treated by law enforcement.”
Heavy media coverage of the Rahami manhunt ended up being critical to his capture. Rahami was identified by a bar owner who recognized him from television and notified the police, who quickly arrived and captured Rahami after a brief shootout.
These Social Justice Warrior fuckheads need to be condemned, loudly.