Iraqi Hero Saves Hundreds in ISIS Suicide Attack

This man is a hero: Najih Shakir

An ISIS psychopath tried to detonate himself in Iraq to destroy the Sayyed Mohammad Shrine. Aside from the shrine, he intended to maim and kill hundreds of innocent people. The man above stopped the attacker and hugged him, giving his own life and reducing the explosion radius in the process.

The attack injured 70 and killed 38. But it would’ve been much worse had it not been for the heroic actions of Najih Shakir.

Rest in peace.

Japanese messaging app is due to come public in America on July the 14th. It sports 218 million users, mainly from Asians who like to send stickers of anime to one another. Patently absurd.

After the IPO launches, led by the catamites over at Goldman and Morgan Stanley, its market cap will likely top $7, maybe even $9 billion.

Sales are growing at a 40% clip to around a billion, placing its prospective price to sales ratio anywhere from 7-10x. Bear in mind, Line is up against the global hegemony called Facebook with its What’s App messaging app.

Line will trade under the ticker LN.

Retarded.

Shares of Nintendo are higher by another 22% this evening (trading in Japan), due to the overwhelming social success of the Pokemon Go app. The stock had gone higher by 10% on Friday of last week.

I’ve been summoned by my children to seek out Pokemon, walking around and driving. The app is a work of genius. Water pokemon can be found near the water, while other geographical elements dictate where you can find the other monsters. I’ll say it again, I’ve never seen anything like this affect young people. While the game still keeps people on their electronic devices,  it also is forcing them to go outside and actually walk. Amazing.

Nintendo owns 33% of Pokemon and stand to make a mint from this.

Fucking chicken scratch. Deutsche Bank analyst David Landau believes Europe will need to provide a mere $166 billion in freshly minted currency to bailout the banks, especially the greasy Italian ones. But don’t worry and rest assured, this will not be like 2008. Instead, as Landau put it, we are facing ‘a long, slow, downward spiral.’

Sounds bullish.

“Europe is extremely sick and must start dealing with its problems extremely quickly, or else there may be an accident,” Deutsche Bank’s David Folkerts-Landau said, according to the newspaper. “I’m no doomsday prophet, I am a realist.”

With Italian banks weighed down by 360 billion euros of soured loans, the government has been sounding out regulators on ways to shore up lenders amid a renewed selloff after Britain voted to leave the European Union. Lorenzo Bini Smaghi, a former member of the European Central Bank’s executive board who now chairs Societe Generale SA, said Wednesday that Italy’s banking crisis could spread to the rest of Europe and rules limiting state aid to lenders should be reconsidered to prevent greater upheaval.

“I do not expect a second financial crisis like in 2008,” Folkerts-Landau said, according to Welt. “The banks are much more stable today and have more equity. What we face this time is a slow, long downward spiral.”

UUnicredit is down 68% over the past year. Even MOAR BOOLISH.

It was an eventful week inside Exodus, with several developments and a year to date update. Late last week EDZ had flagged oversold and I took a fairly large position, equating to 20% of my assets. I booked a 7%+ gain earlier in the week.

On Friday, the market ripped higher. Amongst other sectors, the Pacific Banks look stretched. This is a chart of the Exodus oscillator that depicts overbought and oversold ranges. Clearly, we’ve closed at the high end.

For the week, oil and gas were the biggest losers.

Once again, silver and gold outperformed.

On the oversold side are the utilities. They sold off late last week and are now saddled at the low end of the recent range. Although I believe the sector is way overvalued, based on fundamentals, technical traders might want to take a look at the utes this week for a bounce.

Lastly, here is my YTD update. Bear in mind, I am no longer trading on gut instincts, or reacting to the market based on news events or breakouts, or playing earnings. For the entirety of 2016, I’ve decided to rely solely upon the Exodus algorithms for trades, coupled with some core thesis positions based upon what I believe to be the best ways to invest in this economic environment. Year to date, my gains stand at 4.04%

For the week ahead, I am expecting the market to continue its march higher, into new all-time highs–but then trade off mid to late in the week after investors wake up to the obvious facts that they’ve been made a fool chasing an overvalued tape into a harrowing news cycle.

If he means the market will dip and then soar back to all time highs, I don’t really see how a BREXIT II scenario might scare people now. But the message is inexorably clear: vote for Hillary and do the right thing. God only knows what D. Trump will do once in office. He might even levy tariffs against French lavender products or maybe fuck with the croissant trade.

“The arguments in the Brexit vote and in the American presidential campaign are about the same,” Hollande told reporters Saturday at a NATO summit in Warsaw. “In a friendly way, may I also give some advice to the American people to make the right choice when the moment comes.” He didn’t mention either of the presumptive candidates by name.

If elected, Hillary R. Clinton would become the first openly mentally ill President of the United States. As an equal opportunist, I say you give her a shot. I’d love to see her have a nervous breakdown and crack during a live press conference.

The concept is great. Some guy with amnesia has super human abilities to kick the asses of his fellow human and the intelligence to look at a map and memorize every single detail of it, in order to defeat more humans in single combat.

Matt Damon was born for this role. Everything else he’s done, sans Martian and Good Will Hunting, has been shit. Before Martian, he was doing a lot of weird roles, playing out of shape creepers. I was beginning to hate his existance after seeing him act a fool in Interstellar. Needless to say, I’m glad he’s back to acting in Jason Bourne movies. The new one comes out in late July.

Quick note: Jeremy Remmer was ok in the previous Bourne movie; but shame on the producers for making it without Damon.

If you’ve never seen any of the Bourne movies, start with the first and I promise you’ll be hooked and want to see the rest of them.

The S&P 500 closed at new and fresh and fantastic all time highs. Just two weeks removed from the devilish BREXIT vote, markets have, seemingly, erected itself upon a new petard and has skyrocketed in kind. All of the fear has been reduced to ash. Short sellers have been castrated and kicked into perimeter drains for all the world to see.

In spite of this robust American sledgehammer of an economy, the Federal Reserve remains idled, unable to move for fear of upsetting markets.

German 10yr bunds are yielding close to -0.20% and the entirety of the Swiss curve, all the way out to 50 years, is negative. All of these things are, of course, great news for equity holders.

All of the banks are mired in some sort of purgatory, eagerly awaiting for this glorious bull market to spread its tentacles to every crevice of the market.

Congrats!

The inversion of the yield curve has predicted every recession since the beginning of time, dating back a whole 6,000 years–according to my King James bible. Today’s jobs report was so fantastic, it caused a frantic circle jerking run to the upside. People are stampeding over one another to get a piece of the pie, like greedy little gluttons trapped in a house made from chocolate bars.

But then I swing on over to the bond page in Exodus and bear witness to our beloved yield curve, shrinking to new lows–now just 75 bps.

The smart money says otherwise. This is your Braveheart moment. Observe.

Those Russians are out of control again, always meddling in our affairs. Just before Russia started to bomb our operatives in Syria, they were doing just fine, expanding their little empire, driving around in our up armored humvees. Then they had to go ruin everything and kill the party. But we’re gonna teach them a thing or two now. NATO is ‘bolstering’ the eastern flank by sending 4 battalions, of the ‘robust’ varietal.

“These battalions will be robust and they will be multinational. They make clear that an attack on one ally will be considered an attack on the whole alliance,” NATO Secretary-General Jens Stoltenberg

Sure, it makes all the sense in the world to saber rattle against a struggling nation with 2,000 ICBMs.

Obama is contributing 1,000 of his Praetorian guard to Europe, in order “to enhance our forward presence in central and eastern Europe”. In addition to Poland, NATO is sending troops to Estonia, Latvia and Lithuania.

The fucking Russians, such aggressors.