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Monthly Archives: July 2016

Eyewitness Describes Seeing Dallas Police Officer Shot

It was a harrowing scene in Dallas, with reports of at least 20 shots fired. This eyewitness, interviewed by Fox News, said he saw an officer gunned down and described the events that led him to seek refuge, after being shot at himself.

Update: reports suggest 3-6 cops were injured during shooting.

Update: There are two gunmen. The first one has been ‘neutralized.’ The attempt to neutralize the second one is underway.

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Two Police Officers Shot in Dallas; Police Warn of Man with Rifle

Fox news is showing live footage of what appears to be several police officers down, after reports of shots fired. Dozens of cops are on the scene with guns drawn. In the vicinity, there was a black lives matter protest underway over the two black American men who were gunned down by police officers.

These events upset me a great deal and hit home, closer than you know. The images are of course disturbing and all of this sensationalism by the media only divides people more and causes hateful events like this to unfold.

Update: Police have surrounded a garage on Lamar and Commerce in Dallas and have guns trained for possible active shooter.

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An eyewitness is reporting at least 20 shots in rapid succession were heard.

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Colombian Cocaine Output Soars, Thanks to the End of Aerial Spraying

In order to protect the environment, Colombian officials decided to end the practice of killing coca crops via aerial spraying. It was becoming onerous to some birds and bugs. As a result, farmers have been planting and sniffing endless hectares of cocaine to their heart’s desire.

Naturally, this is good news for drug addicts in the Hamptons, who regularly ingest ‘nose candy’ during their summer parties. Wall Street loves cocaine and prefers to have an abundance of it.

Coca output rose 39 percent to 96,000 hectares in 2015, Defense Minister Luis Carlos Villegas said, citing data from the United Nations Office on Drugs and Crime due to be published Friday. Guerrillas of the Revolutionary Armed Forces of Colombia, or FARC, are telling farmers that they’ll receive subsidies to switch to legal crops after a peace deal is signed, according to the ministry.

“They haven’t replaced eradication with anything,” Isacson said. “They have made no move to go into these coca-growing areas and provide people with other alternatives. They took away the stick and didn’t do any carrot, and the result is a lot more coca.”

In the United Steaks, there are roughly 45,000 drug related deaths per annum, of which a mere 5-10k are cocaine related. Thank God for environmentalists.

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A New Kalobios is Set to Scorch a Freshly Minted Group of Idiot Traders: $LEDS

I read somewhere that an insider bought some stock, in this lowly ranked piece of shit LED company. Whatever the case may be, just like I foretold the doom that beckoned in the shares of KBIO, I am telling you now that this is going to end in ruin too.

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I used to trade this stock, mainly for fun, when it was a dollar. Now that it’s $10, every fucked face on StockTwits wants to play it. Don’t you understand, this is a ponzi scheme? The company might not be scheming, but the share price manipulation will end in a pile of bones.

I understand your rationale for wanting to play this. You figure the float is so small, currently about 1.5 million shares, and the momo is strong. By the looks of it, you might be able to eek out a quick 50% gain, no? This way of thinking has destroyed more traders than anything else. When you stop to think about what you’re doing, you will realize that you’re playing with fire.

If this post convinces just one person from diving–headlong—into a empty pool filled with sharp stones of granite, then I’ve done my public service for the day.

Quit trying to take short cuts, you fucking booze hounds.

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FDA Orders Halt to $JUNO Clinical Trials; Shares Set to Collapse Lower

Sympathy stocks are already getting mauled, with KITE leading the fray off by 12.5%. BLUE is down too–off by 4.55%. BLCM is another little known CAR-T competitor, off by almost 3%.

Juno Therapeutics, Inc. (JUNO), a biopharmaceutical company focused on re-engaging the body’s immune system to revolutionize the treatment of cancer, today announced that it has received notice from the U.S. Food and Drug Administration (FDA) that a clinical hold has been placed on the Phase II clinical trial of JCAR015 in adult patients with relapsed or refractory B cell acute lymphoblastic leukemia (r/r ALL), known as the “ROCKET” trial. The clinical hold was initiated after two patient deaths last week, which followed the recent addition of fludarabine to the pre-conditioning regimen.

Juno has proposed to the FDA to continue the ROCKET trial using JCAR015 with cyclophosphamide pre-conditioning alone. In response, the FDA has requested that Juno submit, as a Complete Response to the Clinical Hold: a revised patient informed consent form, a revised investigator brochure, a revised trial protocol, and a copy of the presentation made to the agency yesterday. Juno will submit the requested information to the FDA this week.

CELG is a major investor in JUNO. That money has just been whisked away.

Update: JUNO reopens for trade, down 30%.

UPDATE: Juno reveals two patients died in clinical trials.

The two adult patients died last week, Juno said in a statement Thursday, after a chemotherapy drug called fludarabine was added to the treatment regimen. It was being tested in adults with relapsed or refractory B-cell acute lymphoblastic leukemia, a cancer that affects the immune system. Juno has asked the FDA to be allowed to continue the trial without using the drug.

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Markets Defy Gravity, Ignore Wholesale Rout in Crude

A day of reckoning is coming. You’re all assholes at a party in the Hamptons, trashing a beautiful mansion.

But do you know how the story ends?

YOU GET FUCKING FIRED.

Laugh now. They all laughed at Noah too, until they were getting kicked in the head by giraffes who weren’t fast enough to board the ark.

This is what I know.

A fucking pestilence is sweeping the western hemisphere. Crude oil is knifing lower–currently at 2 month lows. Come 2017, the entirety of the oil complex will be in shambles due to the debt wall to come. We’re in an earnings recession. The Fed is tone deaf. The world is encumbered by negative yielding interest rates. And, lastly, Hillary Clinton is fixing to be your next President.

Need I say more?

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CDC Warns of Zika Virus Cases Spreading Like Wildfire in Puerto Rico

The name of the company is Oxitec. They’re funded by the Bill and Melinda Gates foundation and they’ve created a method to decrease the population via genetically modified mosquitos, targeting indigenous folks who aren’t afforded the antidote.

It sounds like a horrifying sci-fi movie for the masses. It’s too diabolical to be true, naturally. The dengue virus GMO mosquitos, although ‘experimental’, couldn’t lead to this. Could it?

Up to 50 women per day are being infected in Puerto Rico. Fuck the warmer climes. Seek refuge in the north, where the air is brisk and the people are intelligent.

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Utilities and Bitcoin are the Biggest Losers Today

All of you fuckers in electricity stocks are getting 1.2 jigawatts to your heads today, as the greatest, dumbest, melt up of all time–unwinds.

The utes are off by 1.5%. Finally, valuation means something.

According to Exodus, the median P/S and PE ratios are way out of wack for the utes, trading well above levels one would deem ‘appropriate.’

 

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On the Bitcoin side, who the fuck knows why it’s chasing silver and crude down the drain. As of right now, it’s down 8.2%.

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DEATH BEFALLS $FSLR, SHARES CLOWN PUNCH LOWER AFTER ANALYST DOWNGRADE

A future unemployed lad from Deutsche Bank downgraded FSLR today, causing great misery and pain for lovers of hideous solar’d panels. In his childish report, he cited ‘slower than expected ramp in bookings’ and a ‘likely pause in demand ahead of the series 5 ramp and potential increase in pricing pressure, driven by aggressive bidding environment from the developers in international segments.’

It’s all a bunch of nonsense, really. All of these issues were known. Price target comes barreling down from $80 to $44.

You’d think this bodes poorly for a TSLA-SCTY tie up, now that the industry leader is left in shambles. But SCTY is up–because we live in a fucked up world.

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CRUDE CRASHES

I tried to play your sordid catamite games, looking for silver linings, pretending the world isn’t on the precipice any longer. But I can’t do it anymore. You’re all doomed, fucked in a burlap bag and beaten to death like a few lumps of ice.

LISTEN TO ME: your ramp that you love so dearly will be gone. Poof, like a whisper in the dark and then into the crevasse. Vanished.

Your little respite rallies are finished. The days of when you could trade XYZ for ABC are over. You will either board the fucking ark, or drown.

Crude is down 4.7% right now. This is the end of days scenario. The road runner has been killed. All is lost.

Moving on.

German bund yields are back lower gain–down to -0.172, reversing earlier gains.

USD/JPY cross stands at 100.73, down 0.6%.

Do you know what that means?

Wait for it.

.

.

.

FUCKED.

The pound is lower. Gold is lower. The Dow is barreling towards -100.

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