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Daily Archives: November 15, 2016

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Must See: Maria Bartiromo Annihilates Obamacare Architect Jonathan Gruber

I haven’t see a beat down like this since I was a teenager in Brooklyn. This was a brutal takedown — full Mortal Kombat style fatality. Better yet, this was a babality.

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Credit Suisse Head Scratcher: Trump Presidency Bullish for China

They just don’t get it. First, they didn’t believe Trump would get the GOP nomination. Then they gave him a 0.001% chance of beating Hillary Clinton. Now they think everything he’s said, from then until now, is not serious and it’s status quo all the way.

WRONG.

The Trump presidency is all about bringing chaos to the New World Order, disrupting the global hegemony of  globalism that is gutting this country from its core. While Obama is in office, these people can talk all they want about what they think Trump will do, once in power. But mark my words, just like all of those fuckster pollsters, all of these analysts will be eating their hats in 1 year henceforth.

Credit Suisse CIO believes Trump is bullish for China, based on lower US taxes, easier regulations, and faster growth.

But what about the tariffs buzz?  You forgot to mention the 45% reduction in mainland China earnings due to levies slapped on Chinese goods by Trump, as promised.

Meanwhile, since election day, China has been manipulating their currency like a motherfucker — now down for the 9th consecutive day — down by 7.4% v the dollar for the year.

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Traders Stepped In To Chase $DRYS After a 2,000% Run, And Then Got Clown-Raped

It was a good run, a solid and effervescent spike from $4 to $100 in a fortnight, and it ended with the death of overzealous traders strewn out across the floor, ‘fag boxed‘ for  chasing a dream that never materialized. While some of you might view my approach to the market as somewhat moribund and methodical, it wasn’t always that way. Not too long ago, I was like you, a degenerate gambler, hopped up on caffeine and fast money — approaching the market like a jackass entering a casino. After 18 years of spellbinding pop and drops, I finally decided to extend my life by giving up on the high beta aspects of my investment career.

Today’s move in DRYS will be forgotten, a footnote in time, in a litany of outrageous stories of short squeezes and crashes that define the essence of wanton speculation. This sort of pin action has been occurring for well over 150 years and will continue to persist as long as men with money and a dream trade the market.

Had you bought DRYS this afternoon, hoping for a $100 roll, you got annihilated. Thanks for playing.

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It’s actually a positive sign for the markets to see this action. For a long time, stocks have marked time, only to enjoy runs in IPOs or beaten up basic resource plays. Although I’m pessimistic about the markets in the medium term, I like to see people enjoying the markets and trading as I have in the past — because it’s fun and potentially very rewarding.

Just know what you’re getting into before pulling the trigger on a trade like this; otherwise, you’ll be out of the game before the real fun even happens.

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Crude Back from the Dead in Furious Rally Fueled By Lies from the Middle East

All attempts to drive coffin nails into the crude trade have hitherto proven to be a waste of time. The men in dresses from the middled east have been Johnny on the spot with renewed lies and deceit, each and every time crude falters. Today, there are unfounded rumors that Iran will, in fact, agree to freeze their production — something they’ve said was utter and complete horseshit in the past. They much rather see The House of Saud suffer under their suicide vests than agree to their terms for oil production freezes.

Nonetheless, it has caused a barn-stormer of a rally today — sending WTI up almost 6%.

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Art Cashin marvels at the stupidity of crude traders.

The spike in crude has resulted in a fierce rally in energy stocks — up more than 4% as a group.

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Start Up CEO Resigns After Threatening to Kill Trump

I wrote about this earlier in the week. The CEO of Packetsled is now dutifully unemployed, after threatening to kill the President elect, Donald J. Trump. His VC overlord’s could permit him to fuck up the valuations for the next round of financing.

“We want to be very clear, PacketSled does not condone the comments made by Mr. Harrigan, which do not reflect the views or opinions of the company, its employees, investors or partners,” the statement read.

“PacketSled takes recent comments made by our CEO, seriously. Once we were made aware of these comments, we immediately reported this information to the secret service and will cooperate fully with any inquiries,” the first statement read.

This is the last tweet from Mr. Harrigan.

In hindsight, I bet Matt regrets being such a jackass. After all, he wasn’t really going to kill Trump. Any serious assassin worth his salt doesn’t declare so on social media. Moreover, he lost a sweet gig at a company he loved and for what?! You fucking idiot.

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Trump’s Enemies Are Rallying Today: Pesos, WTI, FANG and More!

Ladies and Gentlemen, bear witness to a most grotesque and unique circumstance. The ultimate squeeze is upon you. The rallying of Trump’s enemies while Obama is still in office. This is the fear trade that was written about in Wall Street lore, warning us of its eventuality.

All of the shit that is supposed to sell off and screaming higher today, as a massive wave of speculation breaks through and entices all of the very low and down traders in America.

Mexican pesos: boom.

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The House of Saud lives another day. More OPEC rumors equals shills chasing crude, means sharply higher prices.

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Even the FANG bangers are participating in today’s decadence.

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Also, it is being reported that Trump may in fact ‘keep parts of Obamacare’, which must have Obama happy today.

President Barack Obama blows a soap bubble using a 3-D printed bubble wand designed by Jacob Leggette, 9, of Baltimore, Md., while touring the 2016 White House Science Fair at the White House in Washington, Wednesday, April 13, 2016. (AP Photo/Jacquelyn Martin)
President Barack Obama blows a soap bubble using a 3-D printed bubble wand designed by Jacob Leggette, 9, of Baltimore, Md., while touring the 2016 White House Science Fair at the White House in Washington, Wednesday, April 13, 2016. (AP Photo/Jacquelyn Martin)

Lastly, the very honest main stream media believes Trump will not go after Hillary Clinton and her band of pizza loving archetype criminals, after he appoints a new AG. Madam Not President must be pleased.

Hillary Rodham Clinton

This is all theatre, naturally. Trump hasn’t taken power yet, so this is the quiet before the storm, the ebb before the tide rolls over and washes away all of the very horrible and despicable mountebanks who’ve abused the system for the past 20 years.

Mexico will pay. The Chinese will cease robbing America blind. Obamacare is toast. And Hillary is going to prison.

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Gorilla Squeeze: $DRYS is Up Over 2,000% In a Fortnight

I haven’t seen moves like this since 2007, when the homies were topping out — readying to destroy western finance. The BDI edged higher again, up 2%, which of course meant DRYS doubled again.

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More than that, DRYS is up from $4 just two weeks ago to more than $90 today. This shit is real. This isn’t a dream.

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In Exodus, we separated the dry bulk bulkers from the tankers. The morons at Yahoo finance are too lazy to figure this shit out for you. Look at today’s gains.

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These are the very lowest of the low stocks. I have no doubt we’re reaching an apex in the recent rally, one that is sure to lay waste across Wall Street. But none of that matters now. There’s plenty of time to protect yourselves before Trump takes power and the market drops off the table.

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CNBC is Still Publishing Ridiculous Shit About Trump, Even After Made to Look Like Gorilla Hammering Buffoons

During the entire election season, the catamites at CNBC tried to derail Trump. They’d bring on all of his detractors to assuage Wall Street to believe Hillary wasn’t a criminal bitch (no sexism!) with malicious intent to destroy the country. On the print side, CNBC is even worse than the elitist slobs on the teevee.

On the print side, via their website, agitprop rules over the content like they’re living through a Trotsky led revolution and Trump was at the vanguard of everything that was bad in the world. Meanwhile, the crony capitalist mercenary bankers, who’ve gutted this economy from crown to root, press forward with their agenda to globalize the economy — promoted and supported by CNBC.

Here is what passes as journalism at CNBC this morning. Hard news guys, like John ‘do you want to have dinner tonight‘ Harwood.

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Don’t you get it, you stupid shits? You’ve won the election for Trump, you and the other liberal elitist news organizations. Blinked by your hatred for Trump, you came off like SHILLS to any clear thinking person watching and reading your garbage. Now you just look ridiculous, bitter and acrimonious, in the face of harrowing defeat.

Show some grace and have some dignity for yourselves, god damn it.

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