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Monthly Archives: November 2016

Kellyanne Conway: ‘We’re treating these Adolescents and these Millennials Like Precious Snowflakes’

She really did go there. Next she’s gonnas exortiate the intolerant left for being cucks and taking up all the salt — bitching and whining because they lost and have been raised without ever having to deal with adversity.

Remember, everyone is a winner. If you finish last place, you will still get a trophy. Even though your candidate lost, feel free to bitch and complain about the popular vote and work towards denigrating state’s rights by calling for an end to the electoral college.

Mental fucking retards.

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Cucks in Media Continue to Throw Fits Because Trump Went to Dinner Without Their Permission

Last night President elect Trump went to the 21 Club in NYC for a quiet evening dinner with his family. In the process of doing so, Trump told the enemy media of ‘fake news’ printing fuckers to bugger off. Since then, all pandemonium has broken loose.

Listen to this cuck from Bloomberg say the media was entitled, according to the rules, mandatory shit, to be the President’s paparazzi 24/7. These same shills have been lying for the past 15 months, totally exposed as frauds in the Wikileaks as being part of the state media complex supporting Clinton, and now they’re claiming that Trump MUST allow them to tailgate him for ‘democracy.’

That’s like saying ‘you must let me rape you, in order to preserve the human race from extinction.’

Fuck yourself, media. Just watch this guy. Please don’t vomit all over your electronic devices while viewing.

Where in the constitution does it say the retards hopped up on drugs in the press pool must be permitted to follow the President to dinner? Good luck winning this all important battle, mainstream media.

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Jim Chanos is as Bearish as Ever, Skeptical Over the Trump Rally and Infrastructure Dreams

In my opinion, Jim Chanos is one of the top 5 investors alive today. Not only is he whip-smart, somehow he manages to make great short calls during a QE-fueled bull market. This, unto itself, is a major accomplishment.

Jim sits down with Bloomberg to discuss the markets, the Trump ascendancy, and investors’ pipe dreams of an infrastructure led renaissance in the U.S. economy.

Spoiler: he’s as bearish as ever.

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Source: Jamie Dimon Officially Declined Position as Treasury Secretary

Good news for all of you who’d like to see the country burn, Fortune is reporting that Jamie Dimon has officially declined the role as Trump’s treasury secretary — much to the delight of JPM shareholders.

As J.P. Morgan Chase shares are dropping on the rumor.

The Trump transition team’s draft-Dimon effort will need to look for a new pick.

Fortune has learned that Jamie Dimon, CEO of J.P. Morgan Chase JPM -2.66% , has formally told the Trump transition team that he has no interest in being the next Treasury Secretary of the United States.

According to sources familiar with the situation, the Trump transition team approached Dimon about taking the job, and spread word that the J.P. Morgan CEO was likely to accept. On Wednesday, Fox News anchor Maria Bartiromo tweeted that Dimon “will get” the Treasury Secretary position.

But Dimon has told the suitors that he’s declining, and will remain at the nation’s largest bank, measured on both market cap and assets. Surprisingly, Dimon feels he’s not suited to serving as the nation’s top ranking economic official, according to sources familiar with the situation.

According to rumors, Steve Mnuchin, former Goldman Sachs partner, is now the leading candidate for the role. Goldman wins again, even when they lose.

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Shares of $FSLR Are About to Be Eliminated from the Field of Play; Company Issues Harrowing Warning

The solar trade has been dead, ever since it reanimated itself several years ago. Typical of a market playing stupid with its participants, the solar trade has often been regarded as a litmus test for mental acuity and stability in this wide wacky world. It should come as no surprise to anyone out there, following TSLA’s desperate bid to preserve the net worth of Elon Musk by bailing out SCTY, the industry is currently in the grips of harrowing decline

BEHOLD horrible guidance out of FSLR.

 

Net Sales in the range of $2.5-2.6 bln , Capital IQ consensus $2.966 bln
Gross Margins between 12.4-14.5%
Operating Expense Non-GAAP $280-300 mln
Operating Income Non-GAAP $40-80 mln
Non-GAAP EPS $0.00-0.50, Capital IQ consensus $1.91
Net Cash Balance $1.4-1.6 bln
Operating Cash Flow $550-650 mln
CapEx $525-625 mln

Shipments 2.4-2.6 GW (Street Expectations were for approx 3.0 GW)
Co announced an acceleration of Series 6 production into 2018, with approximately 3 Gigawatts of production expected in 2019. Over the course of 2017 and 2018 the Company’s existing production facilities will be converted to Series 6 production and the current Series 4 product will be phased out. As a result of the change in roadmap the Company will cancel its Series 5 product.

The Company will reduce its workforce at its manufacturing facilities both domestically and internationally as a result of the transition from Series 4 to Series 6 production. Additional reductions in administrative and other staff are also planned. Resulting from the transition to Series 6 from Series 4 and other competitive factors, the Company expects to incur restructuring and asset impairment charges of $500 to $700 million, which includes a cash impact of $70 to $100 million.

The halt has been raised. The stock has been razed, down by 12% in after hours death knell action.

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Shares of $MNK Dive Lower After Citron Issues ‘FRAUD’ Alert Report

This stock is 100% fucked. If I was long MNK, after knowing what they did to VRX, I’d be wetting my bed at night in fear of it going to their target — $20.

Nonetheless, Citron has tried to take down MNK in the past, so this is a reiteration of previous efforts. Here is the full report.

And here is the conclusion.

mnk

Shares of MNK got the life smacked out of it today — off by 12% for the session.

A. Left on Bloomberg begging the company to sue him, so he could VRX them.

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Report: Jamie Dimon to Be Selected as Next Treasury Secretary

Maria Bartiromo is reporting Jamie Dimon might be selected as next Treasury Secretary of the United States, a very boolish thing for banks and America. Although many will deride this decision as allowing the fox watch over the hens, the truth of the matter is — we need the fucking banks to get the economy going again. Agreed?

That being said, who knows the industry better than Dimon, easily the best CEO in the sector for the past 30 years.

Shares of JPM sold off 2.5% for the day — but that’s because shareholders are selfish bastards — not wanting their CEO to depart to Washington in order to save America. Dimon is a long term democrat — but he did lay waste of Hillary Clinton’s ‘class warfare’ rhetoric, so he’s a bit more independent than some of you fuckers think.

A Jamie Dimon appointment is bullish for America.

UPDATE:

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Freeport CEO: Making America Great Again is Nice, But We Need China to Be Great Otherwise Copper is Going Down

For all of you copper longs out there — thinking Donald Trump’s wall made from pure copper was going to cause a bull market in the sector are wrong and the FCX boss said as much today.

“In terms of being a long-term driver of copper prices, it will have an impact but not a huge impact,” Richard Adkerson, chief executive officer of the world’s largest publicly traded copper miner, said Wednesday in an interview at Freeport’s office in Lima. “For copper demand to be robust requires a positive economic situation in China, in the world’s global economy.”

Any spike in copper prices is welcomed by FCX — but if China isn’t kicking our ass through trade — then it’s all transitory.

However, any boost to copper prices from infrastructure spending under the Trump administration could be offset by more protectionist U.S. trade policy, Adkerson said. “Global trade is an important factor for the global economy, so we don’t know how these positions on trade that were expressed during the campaign will be put into place. It’s too early to assess.”

While the surprise Trump victory has helped copper prices, which are up more than 3.5 percent since the election, the Chinese market remains the main driver for total global demand, according to Robert Edwards, a managing consultant at CRU Group.

“There’s a bit more to it than just the U.S. election,” Edwards said Wednesday in an interview at an industry conference in Naples, Florida. As long as demand holds steady, the copper market has an attractive outlook with supply unable to grow as it has in past years, Freeport Chief Financial Officer Kathleen Quirk said Wednesday at a conference in New York. The market is close to being balanced and global warehouse inventories aren’t at historically high levels. It wouldn’t take much in terms of additional demand or supply interruptions to throw the market into deficit, she said.

The good news is CNY is down for a 10th day v the dollar and their currency manipulating schemes are working. However, once Trump gets into office and declares them currency manipulators and slaps the shit out of them with 45% levies, this whole run in FCX and copper might be revoked and slammed back down into the pits of hell.

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Is the Market Setting Trump Administration Up for Failure?

Markets have been delightful over the past week. The speculative fervor has been the best I’ve seen in many years. Even though the rallies in stocks like DRYS and EGLE are ridiculous, it’s a good thing to see people interested in stocks again. The media is attributing this market greatness to proposed Trump policies, the very same policies that the media said would wreak havoc to the economy if enacted.

Pardon my skepticism, but this feels like a trap.

trap

When the history books are written and these fond memories immediately following the Trump win begin to fade, Obama will get the credit for this market run — not Trump. If you look at what’s been occurring, it’s not all good.

The dollar index is at 14 year highs. Those outside of finance think that’s good news. But my readers know this is the fucking pits of hell for any company trying to export, competing with the likes of the Germans (you know the Germans make good stuff), the anime loving Japanese and of course the dog eaters from China. This places all of our companies at a stark disadvantage. This is precisely the sort of currency manipulation that Trump was warning everyone about.

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Also, the odds of a Fed rate hike are now in the 90% range, also something to rue. The Fed hiked rates in December of last year and caused a worldwide meltdown and crash in China, led by forex dislocations that kept people up at night. Markets started off the New Year with its worst decline in HISTORY, in the magnitude of -20%.

Trump also warned us about a politicized Fed and even predicted the market would get destroyed once rates started to go back up.

The number one arbitrager of global growth, WTI, has been LOWER since Trump was elected. The Industrial Production numbers that came out today, marked the 14th straight decline — the worst non-recessionary streak in 96 years.

Also, U.S. bond yields have soared since the Trump win. They’re trying to sell this like it’s a good thing, a sign of inflation — but it’s not. It’s a sign of fuckery, largess. Inflation has been absent for a decade. Now, all of a sudden, before Trump has the chance to do anything, inflation is running hot? I don’t think so. The 10yr has gone from 1.75% to 2.23% in a week. The cost to service America’s $20 trillion in debt just skyrocketed, and you’re there applauding it. You do realize that this spike in yields makes financing Trump’s fiscal stimulus plans all the more arduous, yes?

If the globalist scum, who’ve been gutting this country for decades, truly fear Trump and wanted to lay the perfect trap for him, this is exactly how they’d do it. The market is rigged as fuck, so pardon me as I cynically assess everything, as the disingenuous ‘we love Trump’ narrative is peddled by Wall Street now.

My conspiratorial theories will be proven wrong, only if the market is up by February 15th, 2017.

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