Carter Braxton Worth ‘Almost Guarantees’ Market Correction, Sees Weakness in FANG

C.B. Worth, fresh from the beaches of Nassau, wearing his gold buttoned blue blazer and mandatory khakis, brought great news of imminent doom to the fuckheads at CNBC — describing the technical breakdown in the lauded FANG stocks — concluding a correction was all but a foregone conclusion.

While this may dismay many of you, causing fits of rage and a hardening around the idea that stocks can never fall and can never enter the winter of the bear, it is true. Batten down the hatches, fucked faces, a storm is brewing.

This cannot be some sort of odd coincidence. It has long been suspected that Foster was one of many people who were suicided by the Clinton’s. For details about the case, watch the below video.

https://www.youtube.com/watch?v=4KPXAc2w6gM

Now just a few days before the election, the FBI decided to release the files? Why?

According to the FBI’s own files, the gun that was found at the scene of the crime was NOT the gun that was used in his apparent suicide. In other words, after shooting himself in the head, Vince must’ve got up and switched the gun to make it look like Clinton had him killed.

Crooked Hillary associate, Vince Foster, committed suicide with a gun. Strangely, per the FBI, the bullets were not from his gun. pic.twitter.com/32ilMcCrnq

— RAMZPAUL (@ramzpaul) November 2, 2016

Many people don’t remember that it was Bill Clinton who passed the 3 strikes you’re out law that laid waste to the black community since the 1990’s.

Farrakhan laid it all on the table here, pointing out Hillary Clinton’s praise for Margaret Sanger, who was one of the leading ‘birth control activists’ — founder of Planned Parenthood — who also was very pro-eugenics and was in support of the methodical annihilation of the black people in America — based on the grounds that they were inferior to others.

He also delved into the time when Bill said Barack ‘would’ve been serving us coffee a few years ago’, the media and how they’re no longer in control, and a little bit on Donald Trump.

It was all fun and games up until the point when your candidate caught an FBI investigation one week prior to the general election. As the Trump train rolls on, fears are rampant across Wall Street. Risk assets are being sold, ad hoc.

The Nasdaq fell by nearly 50 points, WTI crude off by 2.5%, natural gas off by 3.9% and the Mexican peso was off by another 0.83%.

Gold moved higher, once again, and bonds edged higher as moronic hedge fund managers took a break from the cocaine to better protect their assets.

My shorts moved lower with vigor.

FCX, DB, CAT, ULTA and LFC all sank — buoying the FIST OF DEATH to its eventual legendary status.

According to the recent LA Times poll, Trump is +6. Ergo, and this goes without saying, there’s a storm brewing in the not so distant future. You’d be wise to avoid buying into the market ahead of the election, which might prove to be one of the most pivotal moments in American history.

Classic Clint, a true American.

We will soon know the true extent of Hillary's health problems when she uses them to avoid going to jail, classic Hillary.. #PodestaEmails26

— Clint Eastwood (@EastwoodUSA) November 2, 2016

NOTE: That account isn’t verified, appears to be new and has limited followers. It might be a fake account. God knows I want it to be real.

Nothing is more pleasurable than markets in turmoil.

We’re undergoing a bit of turbulence here, as Donald J. Trump threatens the very existence of the global cabal of corporate mercenaries. The panic is very real, tangible, and well worth the sweat.

Hacing said that, I’d be remiss if I did tell you that I saw it coming — because I did. My positions are nearly flawless, both in execution and diversification. My newly forged FIST OF DEATH is punching holes into the veneer of the market with rapid successions most akin to tactical nuclear strikes.

For those of you interested and too cheap to join, no Exodus isn’t oversold yet.

Current positions, cash stands at 5%. My longs are up, shorts down.

The winship has only just begun.

NOTE: prices Exodus will be going up in 2017, so be sure to grandfather in now to lock in low rates.

Deutsche Bank is giving zero fucks with this assessment of the ECB’s QE programme. It’s very simple, actually. They believe the mechanisms by which the ECB creates digital currency — out of thin air —  in order to buy EU bonds, so that yields drop and member states get to enjoy super cheap and artificial borrowing rates is inherently bad for the overall economy. Moreover, they believe it creates moral hazard, which is backed up by data which suggests deficit nations in the EU have decelerated the pace of reform during QE and instead lounged on the beach, like sloths, eating yams.

It’s worth noting, ECB QE is scheduled to expire in March of 2017.

“While European central bankers commend themselves for the scale and originality of monetary policy since 2012, this self-praise appears increasingly unwarranted,” he writes, going on to conclude that the “ECB is stuck … between an unfavorable equilibrium of low growth, high unemployment and zero reform momentum on the one hand and growing risks to core country balance sheets on the other.”

Folkerts-Landau lists a number of the dastardly deeds of the ECB’s 80 billion-euro ($89 billion) a month asset-purchase program, which, lest we forget, has so far achieved its aim of preventing a spiral of deflation in the euro area: Bond prices have lost their signaling function; national balance sheets risk being overburdened; savers are being penalized; asset bubbles are forming. You may recognize some of these arguments.

The data seem clear: “Deficit countries” – France, Estonia, Greece, Ireland, Italy, Portugal, Slovakia and Spain – made a much greater effort in 2011 and 2012 than they did last year. Indeed, the OECD itself says that in the early part of the European debt crisis “reform responsiveness” was greater in countries that were facing more difficult circumstances, though that correlation has broken down somewhat lately. The OECD also warns against over-interpreting year-over-year changes too much, as many types of improvements to economic frameworks take years to complete.

But Folkerts-Landau draws a conclusion that the OECD does not, namely that the reason for this slowdown is the more favorable conditions that the deficit countries are enjoying on bond markets, in particular after the ECB announced its OMT bond-buying plan in 2012. That compressed bond yields as well as the urge to reform, he argues.

“Any incentive to reform disappeared with the guarantee to bail out countries in need via OMT,” he writes, not mentioning, for instance, the labor-market reforms that Italy has made since then or the constitutional revamp that’s scheduled for December.

And in the end Folkerts-Landau comes back to what has been the classic point of German criticism of ECB policy, namely that it creates “moral hazard.” While the presence of a central bank ready to step in in times of stress always bears the risk of encouraging even more lax behavior in the future, Folkerts-Landau sees the ECB under President Mario Draghi on a completely different scale.

“With Mr Draghi’s promise of ‘whatever it takes,’ the implied moral hazard was pushed into a much larger dimension,” he writes. “It remains to be seen how it will escape from this dilemma of its own making.”

The Bundesbank probably wishes Draghi would die in a car accident for what he’s doing to their Austrian school of economics. He’s made a mockery of them, at the expense of the German taxpayer, for the benefit of the Italians, Greeks and the Spaniards.

Perhaps President Assad didn’t get the memo. Neocons gotta have their wars all the time. I’m sure there’s some pipeline that needs to be built straight through Damascus, in order for a few choice Clinton Foundation donors to make billions. In the meantime, the siege of Aleppo continues and our media seems to only vilify Assad, while not observing the obvious: we are supporting and arming terrorists in Syria in an effort to topple the government.

In a rare interview, Assad rips into the biased western media for their coverage of the war, says the U.S. is helping to expand ISIS, and reminds people that his regime has been secular — where religious beliefs were tolerant, unlike the throwbacks who seek to depose him.

“Let’s suppose that these allegations are correct and this is a president who is killing his own people and committed crimes, and the ‘free world’ and the West is helping the Syrian people against the bad guy,” Assad said, as cited by the New Yorker, adding that if this was the case, he would have lost all public support a long time ago.

“How can I be president if I am killing my people and my people are against me? This is disconnected from reality,” Assad added. He pointed to a lack of media attention toward the terrorists’ atrocities in Syria, with “no one talking about war crimes” committed by militants fighting against the Syrian Army.

“The headline is ‘The bad president, the bad guy, is killing the good guys. They [the terrorists] are the freedom fighters,” the Syrian leader said, lamenting what he said was distorted, “black-and-white” media coverage.

“If you’re the captain of the ship, when you have a storm, you don’t jump in the water. You lead it to shore,” Assad said.

“They [the opposition] learned the value of the state,” the Syrian leader said, as cited by the New York Times, adding that the possibility of descending into chaos “brought them towards us” and “not because they changed their mind politically.”

“We’re not the ones who attacked Iraq without a mandate from the United Nations – it was the United States and Britain and her allies. It wasn’t us who attacked Libya and destroyed the government,” Assad told the New Yorker, adding that Western powers have no right to intervene into the internal affairs of countries if they don’t like the political course their government follows.

“Even if you have the worst government in Libya, it’s not your mission, the United States or any other government, to change the government of foreign countries,” he stressed, adding that that a similar threat is hanging over Syria, as he believes the US in Syria is aimed not on fighting terrorism but rather on ousting the Syrian government.

“In reality, everything the United States has been doing in Syria, at least since what they call the international alliance against ISIS [Islamic State], is to expand ISIS. The real reason is about toppling the government,” Assad said.

“Secular means freedom of religion,” Assad said. “Islamization means ‘I don’t believe in anyone who doesn’t look like me, behaves like me, thinks like me.’”

While the media has been fixated on the elections, both Syria and Russia have been tightening their stranglehold on Aleppo. In an effort to provide humanitarian aid to the beleaguered city, Russian and Syrian forces are offering the terrorists inside Aleppo and chance to escape, with their weapons.

General Valery Gerasimov, the chief of the Russian General Staff, said the militants failed to break through the blockade around the city last week and accept Russia’s proposal to leave eastern Aleppo through two specially designated corridors, while reiterating that they would be allowed to keep arms.

“Considering that our American colleagues were unable to separate the opposition from terrorists, we are addressing all militant leaders directly, urging them to cease hostilities and leave Aleppo with their arms,” he said. “Two corridors will be opened, from which Syrian troops and weapons would be pulled back.”

One of the corridors for the militants leads to the Turkish-Syrian border and another one to Idlib, the general said.

Sounds like a good deal.

The LA Times tracking poll is viewed as the most accurate, mainly because it has been consistent and without fuckery. Some argue that it’s skewed in favor of Trump. I’d argue it meshes nicely with crowd attendance at the rallies of the prospective Presidential candidates.

Either way, Trump has broken out to the upside and markets revile it.

All of the typical risk off assets are buoyed, such as gold, yen and bonds. On the other hand, Deutsche Bank (not Lehman), WTI and copper are lower. Wall Street is scared shit of change and Trump is promising a titanic shift in policy.

On other small addendum, the Mexican peso is off by another 0.76% v the dollar.