It’s already Sunday night and I’m feeling happy and political. #0bama is sinking, @Rhino_cap threw an excellent feast on Saturday night, I was able to enjoy my Sunday and to top it all off, all the ‘managed chaos’ of my life was squared away Sunday evening.
This upcoming rant will lose facebook friends, twitter and blog audience, but I dont give a shit. You idiots are like interest rates, sitting around waiting for supply and demand factors to come into balance. Flash News! Existing Single Family Sales continue to decline in various markets around the country. Voting for #0bama is like foreclosing on your future and adding to his systematic failure.
I am going to throw you for a loop right now and let you know why this 26 year old voted for Romney. I just want to clear this shit up really quick before you liberal pukes think I am brainwashed by my parents. No I dont have a fucking trust fund, I work harder than most I know. My income throws me into tax brackets that favor a republican president: cutting taxes, across the board. I know this might be a very complex and bifurcated issue for your stupid brainwashed head, but listen closely and quietly now: you are a liberal puke with a chemical imbalance and Romney will win. Gone are the days of your vagrancy while walking gleefully around collecting EBT and unemployment. I challenge you to put your freedom at risk and commit illegal acts to pay your rent, bye bye go to pelican bay you asshole.
10 Reasons Why Romney Will Win:
1. Bernanke has 5 more months – There is a real risk for a double dip.
2. Romney Will Win and the economy will boomerang when he starts to ‘drill-baby-drill’.
3. Whitehouse press corp is finally tearing Jay Carney apart. Obama is toast over Fast and Furious, causing Obama Care to fall.
4. Obama asserts executive privilege and Agent Terry’s family says what are you covering up? It’s as big as Watergate.
5. Obama looks clueless in Los Cabos and Germany lets Greece twist in the wind.
6. Bring on this fucking recession, lets clean house and get the most transparant (sic) president out of the office. And as @Rhino_cap would say, Transparent as a concrete bunker.
7. Obama is unable to replicate the turnout models of the last election, so the metrics of a crappy economy will tell the story.
8. White seniors will rebel: low interest rates hurt fixed income investors.
9. If Romney picks Rubio, the Latinos & (young, rich urban, gays, etc..) won’t show up. College students wont show an enthusiasm gap because there aren’t any jobs!
10. Obama uses the dream act: Latinos who servie in the military get citizenship: what a country.
No one wants austerity or financial reform, unless you are the asshole footing the bill. It’s like a parent investing in their child to attend private school. Germany is going to demand and expect good grades and behavior out of the child. Greece is that child who is not allowed to fail because the parents have millions in cash reserves in a Trust Account. The child knows it and uses drugs and fucks off his education because he knows he will be alright in the end. The market knew it back in December and knows the lazy little shit will always be supported. When grades start going to shit again, QE will come in the form of a private tutor and winship victory for the global markets.
I woke up around 5:30am to see the sp futs off by -7, what a reversal and surprise considering we were assuming the market was going to rip tits after the greek election. On Sunday we witnessed a positive outcome for the Greek vote, a win for the new Democracy party which supports the bailout and the austerity-reforms that will keep Greece in the EU. The market seems to be consolidating from the recent news of the newly elected Democracy leader for Greece and the austerity measures that will begin to take place. Another classic case of buy the hope and sell the news.
Antonis Samaras is now the (sic) new Democracy leader in Greece. Good, because I was getting really bored of the consolidation and lack of direction from the mou-kala-kolos, not just in politics or european sovereign debt crisis, but also equities and euro backed currency market.
Next week topic is Greece austerity measures causing riots, Spain unemployment 24%, run on PIGS banks and continual transfer of wealth to German banks, US Treasury markets and equities. Easy to sugar coat the voting, try and put a fucking cherry on top of austerity and rioting in the streets. It’s like taking away unemployment and food stamps from 75% of the population living in Oakland and the entire bay area. No wonder you want 0bama or diane feinstein for president, vagrants.
Equity Futures opened with a gap up and treasuries gapped down. As of now futures are stabilizing. Here’s a quick look:
30 Year Treasuries
Light Sweet Crude
Counting today, we have 3 days before the market closes and the poustis vote and attempt to organize their hole (sic) idea of austerity and financial debt ridden punishment of negative growth and high interest rates due to their inability to accept responsibility or work hard. So let’s take quick look at what type of pattern the SPX has set itself up into. We’re in the 1330-1300 range and a head & shoulders pattern is currently in play. The chart is hinting we are going to test the 1280 neckline. If we break below this range, further downside could happen, for sure? Never maybe? Then again, who knows in this fucking bucket shop. Technically speaking, the SPX has just setup for a very bearish move to the downside. On the other hand, the market does seem over sold and we could see a violent gap up especially if elections in Greece go smoothly, Spanish bonds come down, or more monetary intervention talk from the Fed Yada yada yada.. I could go back and forth all day, or I could just shut the fuck up and watch what happens.
‘Head And Shoulders Pattern’
1. Rises to a peak and subsequently declines.
2. Then, the price rises above the former peak and again declines.
3. And finally, rises again, but not to the second peak, and declines once more.
The first and third peaks are shoulders, and the second peak forms the head.
If you enjoyed Arn – The Knight Templar, you will no doubt agree with me about Arn 2, being an excellent sequel. It’s like saying the mother fucker who shot up 50 Cent with 9 slugs didn’t have a itchy finger, or the primary cause of the subprime mortgage crisis was not attributed to low interest rates and the bifurcated issue that congress demanded fannie and freddie to grant loans to people who were not creditworthy, thereby creating false demand, more than what the interest rate was then.
Arn 2 comes through with (sic) ink foaming at the pen and on the screen. The cinematography while horse riding in the desert will blow all your chicken head minds. Arn reminds us once again about true service, loyalty and chivalry is the only way of life. The flick begins many years later in their lives and we can feel the anxiety like Ike Turner kicking Tina’s ass. Catch this picture: quicker, more violence, more drama and weight.
Caution: If you have this bumper sticker on your car, then I recommend you skip over this one.
Arn is an excellent Swedish film if you are into foreign features. From the cover, one would expect a movie about war and Christian Templar’s killing Muslims. Arn is actually about civil conflict and forbidden love between Arn and a beautiful swedish lady, Cecilia. Something very interesting and worth noting is the respect between Arn and the muslim enemy leader Saladin. Saladin is not your average Muslim leader, he is cool, calm, reserved and respects Arn (you will find out why). Knight Templar’s and Muslims used to kill each other violently over Jerusalem. Arn and Saladin put their duties aside and show respect in a strange and interesting way.
I highly recommend Arn because it’s a movie I’ve never heard of and the movie surprised me, it’s a hidden gem.
The majority of retail investors would expect GRPN to gap up in a shitty economy, like airliners and $OWW when light sweet futures tank, but the murder hole of GRPN’s stock price contradicts that small minded idea. How about everyone get on one side of the boat and see what happens? The stock price reflects early seed investors, underwriters, hedge funds and GRPN management dumping hundreds of thousands of shares on the open market on a daily basis to exit their quick social media fraudulent IPO scheme as quick as possible and move onto the next (sic) ponzi.
I am not a hater of social media, shit, I love twitter, YELP, FB, instagram, but there are plenty of burritos designed to disappear as quick as they came (fandango, gamefly, overstock, GRPN ZNGA)
$GRPN is like $COST to retail consumers, another extortion. For example, $COST is cost effective for businesses, because they sell all of their goods to consumers based on demand (Number Four: NEVER GET HIGH ON YOUR OWN SUPPLY). If a consumer like myself visits costco and buys 50 lbs of Cheezit crackers or a huge bottle of vodka, then you can be damn sure I will be consuming this product more often because I have an abundance of it. It’s like a drug addict, the more drugs he has, the more he indulges in that fine exquisite crack smoking and H slamming. GRPN exploits customers to do shit they normally would not do. I don’t need to go to some hole in the wall sushi joint on Geary Blvd in san fran because I get $20 worth of sashimi rolls for $35. I would have never gone to this shit hole in the first place, I would of rather spent time BBQ’ing with friends, reading iBankCoin or cooking a homemade meal with a fine piece of ass.
I could be full of shit, and as the Fly says, its digital clipping (LMFAO), but when I see guys my age in our late twenties talking about GRPN, I can’t help but think of them as the old fuckers on the porch clipping coupons and knitting sweaters and shit, cashing $5 SAVEU checks at the bank, its the same thing. I sure as hell am not taking any girls out on dates with a fucking GRPN. Here in california, fine ass will not have sex with you when you are a cheap skate whipping out digital clippings.
“A passenger plane has crashed into a two-story building in a densely-populated neighborhood of Lagos, Nigeria. The Nigerian Civil Aviation Authority has confirmed there are no survivors. Dozens are feared to be trapped under the rubble.”
“Local residents have reportedly witnessed bodies burning at the crash site. Officials of the Lagos Fire Service and other rescue workers are evacuating residents of nearby houses. ”
Will Russian Intelligence GRU blame the US Government for this disaster like they did at the beginning of this year? Full Article
Ever since this bath salt potpourri face eating shit happened, we need to remember to look over our shoulders a little more often when out with our friends and dear loved ones. Especially if you live in downtown san francisco, every asshole hanging out shooting h and smoking crack looks like they are going to eat your (sic) face right off.
Eager for futures to open, as well as 0bama and his administration getting thrown out of the white house, it’s essential to reflect on last weeks price action and charts. From a technical stand point, equities are looking to test new lows. Last weeks charts are setting us up for continued sell off, assuming that the trauma will continue and last week’s blood bath is unfinished. While Gold and Silver are looking unintimidated and gapping up, a quick look at equities, commodities and currency pairs is crucial before we start the week of June 4th. As a proponent of position trading, I am reviewing the overall downward trend and looking for short bearish setups. If you have short setup ideas, I am interested in hearing them.
Light Sweet Crude $CL_F
Natural Gas $NG_F
Job well done 0bama