Let Me Introduce You to a Moron: Fogler

This isn’t a random attack upon a Canadian asset manager, as some of you will assuredly accuse me of doing. This has nothing to do with the fact that his people burned down the White House, or was founded and constructed by traitors of the American Revolution. I promise you, this man is a moron based solely on his opinions alone.

In a quick take by Bloomberg, Dick Fogler, manager of $1 billion (allegedly), says our Federal Reserve should hike rates now…so that we could lower them later.

The fuck.

Learned men do not act out of fear. They make the best decisions that will meld into the present conditions most optimally. To preempt a recession by hiking rates now, “to give us ammo later”, is equal to shooting ourselves in the head now, based on the assumption that eventually someone in our decrepit housing tenement will do it later.

I do not intend to ever shoot myself in the head, good Sir. Mind your pees and cues, regarding American monetary policy.

Good day to you and God Bless America.

Fucking gimps.

I get the democrats hating on Trump. As a point in fact, I’d expect you to dislike his policies, as they counter your perverse ideologies. The reason why I’m so outspoken about Trump is because of the opposition within the GOP, a party that I disdain with every fabric of my life force. Their corruption and cowardly schemes are being laid bare, for all to see. They are without shame in their blatant attempts to steal the election. Their actions will, undoubtedly, destroy the republican party, which is the only silver lining in this whole mess.

Whether they like it or not, the sheep have voted for Trump. Instead of accepting this reality, in true elitist fashion, they are openly talking about rigging the primaries by ‘brokering’ the convention. In other words, if Trump gets an overwhelming majority of the votes, but falls short of securing the required ‘pledged delegates’, due to it being a 4 man race, the GOP believes they have the right to strip him and appoint the winner via ‘brokered’ aka rigged election.

No fucking taxation without representation comes to mind.

At any rate, they’ve spent upwards of $40 million trying to destroy Trump in Florida, with one retarded ad after the next. The net result: Trump’s polling ratings keep going up.

The fact that everyone I hate and despise is against Trump, proves to me without a shadow of a doubt, that he is the right candidate. It is the proverbial red badge of courage.

He’s also up by 14% in Illinois.

One does not attempt to stop the runaway Trump train. He/she gets run over by it.

With the market in melt up mode and the coast cleared of danger, the following large cap stocks represent the leaders of 2016, thus far, reconciled by percentage return.

ABX +85%
KORS +45%
BBD +41%
FCX +36%
PKX +26%
EXC +24%
TSN +24%
MAT +24%
KMI +21%
GPS +21%

Let’s recap.

A fucking gold mine, horrendously monstrous hand-bag maker, Brazilian bank, copper mine, S. Korean steel, wretched utility, meat ‘manufacturer’, the worst toy maker in the world, oil pipeline mess, and the single worst clothing store chain in the country are leading us to the path of prosperity.

Good luck.

The Marinator in Chief gives his take on the markets, suggesting we’re up against some important moving averages which might pose as an impediment to the market, henceforth. More importantly, he believes Draghi will have a difficult time pleasing markets tomorrow, as they are expected a very perverted distortion of reality: MORE EUROPEAN QE, EVEN LOWER INTEREST RATES INTO NEGATIVE TERRITORY.

Stocks are softening in the final hour of trade. But energy related stocks are still up sharply, as WTI presses its gains to almost +5% for the day.

I’ve been sitting out the whole rally, 75% cash, 25% TLT, and loving life. The fucking stock market has been nothing less than an emotional albatross for me for nearly 20 years. While my gains are only 1% for the year, the peace of mind I’ve enjoyed during this time as been priceless.

Some of you are probably wondering “what the fuck has gotten into Le Fly?” I’m not entirely certain, to be honest. I’ve been doing the same thing for two decades, professionally managing money for others, being a slave to the market. I just, sort of, woke up one day and decided to do something different. My truest passion lies in the creation and maintenance of Exodus, as well as producing content for iBankCoin. The process of creation is mesmerizing to me, as opposed to the wheeling and dealing of trying to decapitate enemies in the market.

I’ll wait until markets flag oversold. I’ll buy back in when the easterly winds howl again, people strewn out, spread eagle. I am empirically confident in the Exodus algorithms and will enjoy the time, from now until then, walking the halls of iBC, gawking at the pictures, chuckling at the mistakes of the Third Estate being played out in real time.

As for the markets: they seem fine. I see no reason to worry just yet. Markets should do well until late April.

Famed short seller of all things Chinese is voicing his opinion on the recent rally, saying it’s all horseshit, fucking rainbow vomit horseshit.

“I would say that this does feel like it is a dead cat bounce because how much more ammunition really do policymakers have?” Block told Reuters at its New York headquarters. “I just don’t know if there are that many more bullets that central banks could fire.”

The Bank of Japan’s negative rates have backfired, Block said. “You see negative interest rates introduced in Japan, and guess what, that didn’t really provide the relief that they had hoped for,” he said.

“I’ve been very skeptical about the fundamentals of the U.S. economy for a long time,” Block said. “I don’t feel that there have been permanent solutions that have been introduced.”
Block said there has been a tremendous amount of misallocation of capital, as a result of loose monetary policies.

“We knew this years ago when we saw companies issuing debt to buy back stock and pay out dividends,” Block said. “We knew that we would be at a point in a few years where when these companies were just really, maybe not mortally wounded, but seriously wounded.”

Block added: “So from a short (selling) perspective, this is a target-rich environment because of that. There are far more companies with fewer legs to stand on than they were a few years ago.”

The old “policy makers are out of ammo” schtick. Now that C. Block is running real money now, he’s become magnanimous with his opinions on all things, particularly those to do with stocks trading substantionally lower.

So surprised.

In less than 100 years, we’ve gone from industrial tycoon to fucking rainbow vomit.

Youngsters these days idle themselves with mountainous amounts of student debt whilst taking pictures of themselves vomiting rainbows. Fucking morons. We, as a society, are entirely fucked. The future is bleak.

In a move to compete with the ever famous rainbow vomit, Facebook bought Masquerade, a company fixated on stupid shit like turning the human face into a reptilian monster.

“Over the past year we’ve focused on building out more creative tools for people on Facebook,” the Menlo Park, California-based company said in an e-mail. “Masquerade has great technology to help us bring even more creative tools to Facebook, and help extend this work to video.”

Businessmen these days are so fucking creative.

Shares of FB are higher by 1% on this extraordinary news.

If you like stomach ulcers, the oil sector is for you. Following yesterday’s trecherous move lower, oil stocks, save SDRL, are moving higher again.

Seasonally speaking, oil stocks do well through April.

Today’s 4% move is just another day at the office.

The wall of worry is indeed steep. It’d be interesting to see if WTI can get into the $40s again. In order to truly stave off the debt crisis that looms, prices need to go much higher than $38. It’s nice to see crude trade higher, if you’re CHK. But, ultimately, you need to see WTI back in the $60s to get excited about distressed oil stocks again.

It’s starting to sound like Ackman is done playing games with the fuckheads at Valeant. In a significant change of tone, Broadway Bill said if things didn’t appreciably improve at Valeant, either managment would be changed or the whole company sold to the highest bidder.

“It will be a messy fourth quarter and a messy first quarter but after that things should stabilize,” Ackman, whose Pershing Square Capital Management is Valeant’s third largest owner said at the Harbor Investment Conference.

“Either management will restore confidence in the reputation of the company with the public and the investment community or they won’t,” Ackman said. “If they can’t, then one of two things will happen. New management will be brought in or the business will be sold.”

“A lot of the uncertainty will lift in the next weeks,” he said referring to the earnings statement that is expected to be filed next week.

But Ackman conceded that Valeant is “the most contrarian stock investment you can own right now.”

At the height of Bill’s popularity, these statements would’ve lit a fire under the stock. However, times have changed and everyone just sort of yawns at these statements now.

VRX is nudging higher, if you will, for the day.

According to Deutsche Bank, demand for oil is going to come to a screeching halt by 2020. The reasons weren’t articulated very well. I can only surmise they mean fuel efficiency will vastly improve and that the Chinese people will opt ride bicycles to work, rather than automobiles.

Either way, if Chinese demand for oil drops by half, this will be a disaster of the first magnitude for the House of Saud and similar houses of their ilk.

“We believe that oil demand growth from the passenger vehicle sector, which has made up 66 percent of Chinese total oil demand growth since 2010, may slow in the medium term and then begin to decline by 2024,” he wrote. “This casts doubt over the capacity for continued long-term oil demand growth at current trend rates in China, and by extension, the world.”

As such, oil demand growth from the world’s second-largest economy could be cut in half from 2016 to 2020, he warned.

Growth in oil demand for passenger vehicles is a function of the number in use, distance traveled, and changes in fuel efficiency. BP’s assumptions on the increase in fuel efficiency are far too low, while the EIA’s implied estimate of demand growth for transport not linked to passenger cars is unrealistically high, Deutsche Bank asserted.

Chinese demand makes up for 35% of total growth in the oil markets at the present time.