RICKARD SANTELLI GOES APESHIT OVER CENTRAL BANK MARKET RIGGING

The malignancy that is the global cabal of central banks, whose sole purpose is to prop up asset prices, is beginning to take a toll on the mental health of our good friend, Rickard Santelli.

It’s all so deliciously devious.

For the month, however, stocks went nowhere. The top performing industries were 3-d printers, casinos, industrial metals and biotech. On the downside were semis, food, building materials and restaurants.

In spite of today’s drop, TLT closed out the month lower by just 1.3%, not including dividends. GLD was higher by 0.42% and everyone is transfixed on DB, which ended the month down by 8% — despite today’s gangbuster move.

I do not think the saga at DB is over. It was never about the DOJ fine, but a material weakness in the underlying business. The shares aren’t down by half this year because of a stupid, fucking, fine, ok?

This is the core issue.

That’s called ‘sharply lower revenues’ due to a deleterious banking environment in Europe, in part thanks to the negative interest rate phenomenon. This whole DOJ induced collapse and then subsequent rally upon hearing of a much lesser fine is meaningless drivel — a large distraction and a three-dimensional chess move that many of you are unable to see.

Without the explicit support of the financial media to quell fears and constantly remind people that Deutsche Bank wasn’t Lehman, over and over again, I am convinced that today’s trading session would’ve ended a lot different than a +150 showing.

Bear in mind, during the financial crisis CNBC was deliberately reporting on false rumors in an effort to jack markets higher. It used to drive me fucking nuts and I am sure I’ve blogged about it more than a dozen times during 2008-2009.

NOTE: Don’t forget to check out Exodus in FREE TRIAL for today only. I have a financial contagion screen up in the blog post you should check out.

For the posterities sake.

Russian’s foreign minister Lavrov continues the narrative being painted by Assad and others in the Kremlin that suggests the United States is explicitly supporting ISIS and Al-Nusra in Syria, in their attempts to overthrow the Assad regime.

Which curve is that? I’d like to toss this olde man into an alligator pit. Yes, he’s allegedly against rigged government sponsored markets and believes the Fed is behind the curve and he says lots of populist stuff that the small people believe in. But he’s a former President of the Philly Fed, which makes him a liar — by default.

There must’ve been some cocaine in that cough drop, or maybe some heroin. As you can see, she was clearly about to stroke out and fall off the stage before popping that crack vile into her mouth.

When elected President, sick Hillary will need Dr. Frankenstein to keep her going.

Bear in mind, this was the guy who said Bank of America needed to ‘declare bankruptcy‘ in order to save itself. He was often interviewed by CNBC and BBG, offering a grisly outlook for the banks. He had quite the penchant for prognosticating doom across financial markets. I must admit, after seeing the interview linked below, I was somewhat surprised by the Whalen I saw. He appeared to be tripping over himself, trying to make excuses for Deutsche Bank — blaming the whole ordeal on politicians talking down the stock. He emphatically said Deutsche Bank was a ‘good credit’ with a solid business and was well diversified. When asked about a potential equity raise and how dilutive it might be, he avoided the question and said it didn’t matter — then he delved back into the politicians causing DB to decline conspiracy theory.

Already knowing the answer, I asked him the following question on Twitter.

Full disclosure @rcwhalen : is $DB a client of yours?

— The_Real_Fly (@The_Real_Fly) September 30, 2016

Whalen heads up a bond rating agency, dubbed Kroll (KBRA) — founded in 2010 and recently sold to a private equity firm named Wharf.

No answer from Mr. Quadruple chin, thus far.

I am sure it was all a big mistake. The pack of wolves at the UN love Trump.

Here was the tweet.

And here is their explanation.

Via Politico

The tweet, published at 9:14 p.m. ET on Thursday, urged American expats to share a voter registration tool on the website of the activist organization Avaaz that states, “U.S. Citizens abroad could defeat Trump … if they voted.”

The Web page, titled “The October surprise that will end Trump,” allows users to sign up for help registering to vote in the Nov. 8 presidential election and encourages them enlist their friends as well.

“At a time when Trump is trying to divide us, we could help defeat him if we all share this page with EVERYONE. Let’s reach every US voter abroad,” it reads.

Indeud. Trump will be defeated by hook or crook.

One could only hope for a major catastrophe to finally bring forth an end to capital markets — thrusting us into tribes to conduct civil war. But, barring some immediate fuckery of the first magnitude, things are looking bleak for the bear team.

Here are the seasonal returns, by month, for the S&P 500.

For those of you taking the Exodus free trials today, we provide you with seasonal data for every stock, ETF, sector, and industry.

That’s not to say something can’t go wrong. October is filled with market dislocations and December is usually a snoozer. If you’re a bear, you need to be mindful of November, for the Turkey Gods rarely miss a ripping bull market into national festival day.

For the past two months, markets have traded down — but to a very small degree. While the general indices traded flat to slightly lower, a sundry of small cap and high beta shares shot higher, diverging from the market. This is a sign that risk is still being accepted, even embraced — in spite of the negative backdrop.

I will repeat this indelible point until I am blue in the face — because it’s a fact and not something up for debate. Everything that you see and hear about the market is a fiction. The CNBC-FOX-CNN-BLOOMBERG propaganda machine rarely gives investors a true glimpse into how rigged the market is. They might interview a guest who says it, who is then ridiculed by one of their permanently bullish ‘traders’ — making the one telling the truth appear to be a lunatic. And if markets go up and people make money, that’s great. To that end, just know that if it weren’t for the central banks fixing yields and propping up asset prices, none of this would be possible.

How long can it last? Apparently, this has never been tested before, so that answer remains a mystery.

It was all for show, apparently. The AFP has leaked a rumor that stating the DOJ and DB have agreed upon a settlement of $5.4b, significantly below the fictitious number of $14b originally put out there.

With $6.2b in reserves for this claim, the big Germany idiot bank just cut themselves a sweet heart deal — which is sending the shares skyrocketing higher.

No wonder why the CEO and the German govt were so relaxed over the situation. The fix was in the whole time. Shorts ate it up and are now being devoured whole.

It took big balls to get long or short this trade. Markets are celebrating this ‘victory’ with a +180 showing.

I’ve never seen so many excuses for the share decline in a stock. Some are blaming the recent drop on hedge fund conspiracies, to the German bank merely having a bad week, to the DOJ lack of transparency on the fine that will be agreed upon, to ordinary people simply responding to memories of Lehman.

A very common statement out of the propaganda networks of CNBC and Bloomberg is that Deutsche Bank isn’t Lehman and how regulators fixed the risky stuff and there’s nothing to fear.

Here are the top headlines on CNBC right now.

What they’re not telling you is that Deutsche Bank is the fucking garbage can of Europe. All of the Greek, Italian, Spanish and a sundry of oil debt is festooned on their balance sheet. Without the ECB fixing markets, DB would be at zero.

Nonetheless, markets have rejoiced and accepted the media narrative and have shot higher by 150 — led higher by DB.