Both Buffett and Tepper Reported New Positions in Airlines

Tepper once made a small fortune in DAL, if I’m not mistaken. He just reported a small, almost peevish, 480k share position in DAL. Buffett, on the other hand, reported some manly positions in three different airlines: AAL (~21.77 mln shares), DAL (~6.33 mln), UAL (~4.53 mln).

It’s an interesting call, as the airliners have done nothing all year long. Over the past two years, in spite of oil being down by more than 50%, the airlines are only up by a mere 12%.

Based on price to sales valuations, the airline sector is the cheapest it has been since 2011.

Back in January of 2012, after a tumultuous 2011, AAL pressed higher by 66%.

UPDATE: Berkshire is reporting a new position in another airliner, LUV. The sector will be on fire tomorrow.

Crude oil was about to die earlier today, up until the moment when an OPEC rumor hit the tape — saving the House of Saud and everyone who is employed in their harems. I won’t even bother discussing the rumor — because it’s likely 100% bullshit. It did, however, produce the desired affect on markets: sharply higher WTI and Brent crude prices.

Today’s obvious winners were in the dry bulk shippers. Shares of DRYS lifted higher by a genteel 212%, while EGLE and ESEA lifted by more than 40%. None of this makes sense, whatsoever. Speculators have returned to the market with vigor — bidding up all of the fashionable global growth story names.

In other words, a Trump candidacy means global growth will return in full force. Or, maybe ‘they’ are bidding up these assets now, while Obama is in office, in order to crash them after the inauguration. This way, the optics of a Trump administration is damaged from day 1, effectively neutering his administration.

While that theory is heavily conspiratorial, like a bitch, it isn’t far fetched when taking into consideration how high the stakes are for our globalist overlords.

What a fucked up tech sector. The whole market, sans oil, is celebrating the Trumptification of the markets but the freedom hating tech nerds in Silicon Valley. Couple them with the plight of Saudi Arabia and we’re beginning to see a trend here.

If you hate freedom and American apple pie, you die.

Since the election, the FANG bangers are down in the magnitude of 8%. This is significant because the market has gone the exact opposite way, leaving retrograde keyboard polishers like Mark Zuckerberg and Tim Cook very sad, in their billionaire homes.

If anything else, the flight from ‘safe’ FANG stocks into more riskier plays, like hobo homeless dry bulkers, is not a coincidence. Investors are bored of Jeff Bezos and his 650 PE. They want pizaz, not to be confused with the pizza that John Podesta likes to eat for an hour.

What in the fuck is going on here? Had I been long leveraged, I’d be blasting my music so loud now, the vibrations from the speakers would literally kill my elderly neighbors. This is too much. I draw the fucking line at the dry bulkers, a sector that has mystified me for the better part of the past decade. It’s like the industry is run by idiot pirates.

Look at DRYS go.

Part of the reason why we’re seeing renewed interest in this shit sector is due to the sudden heart attack spike in the BDI. The cargo on these ships, mainly, is metals — iron, steel, copper, zinc etc. The shippers, as told plainly by a prominent CEO in the space, is a play on China. He told me ‘if you don’t like China, don’t buy out stock.’

This all meshes nicely with the 20% lift in copper. It’s almost as if the market believes Trump will be this great boon for China. Are they fucking nuts? Have they listened to a single word he said? Or, this is the greatest fucking short squeeze in the history of mankind.

With the lift off in yields, the spread between the 2 and 10 yr bonds are blowing out — now at 125bps. This spread was 70bps a short while ago. Every basis point it widens is pure profit for the banksters and their diabolical schemes.

As a result, financials are lifting off again, extending the Wagnerian operaesque dramatic gains enjoyed last week. Many of these banks, which have been dead money for the past 5 years, are higher by double digits over the past 3 days. The move higher caught a lot of people by surprise and the momentum is now causing shorts to run for cover.

Who would’ve thought Goldman Sachs would be higher by 15% in less than one week after a Trump victory? The market is the eternal humbling mechanism, filled with surprises.

Ever since Trump was elected President last week, Americans have been racing to the shopping malls to buy faggish clothes and prance around with frappacinos in tow and lots of diamonds and handbags. The Obama economy is dead. Long live Trump’s

The only issue with that thesis is Obama is still President and these gains only buttress his legacy. By the time Trump gets in, the market might’ve topped the fuck out and the apocalypse will likely ensue. The hacks who shill for globalist scum play 4d chess and have their eyes on 2020 now.

Retail stocks are breaking out today, ahead of National Festival, a day of thanks made official by none other than President Lincoln in 1863. Also, did you know that from the Victorian era until the 1950s, it was customary for children to parade in ragamuffin outfits and black smudged faces? Idiot country from day 1.

Seasonally speaking, retail does terrific in November. That sort of looks like a middle finger right? I’d be reticent to bet against retail now. You might as well wait for these pole smokers to exhaust themselves ahead of Thankgiving. Then you should pounce on these fucking stocks like wild turkeys and short the shit out of them.

The almighty Exodus is warning the sector is overbought. Generally speaking, buying retail up at these levels, algorithmic wise, has resulted in wanton humiliation and depravity.

I’ve always thought the mall was dead, ever since I started to hate going. I believe I’ve been hating on the mall since 2009ish, a time when Amazon because all the more important to me. After enjoying the splendor of Amazon and their speed demons delivery men, I cannot fathom why anyone would ever subject themselves to the spartan experience of the shopping mall any longer.

Fuck the mall.

But what do I know?

Jeff Macke, who seems to know a thing or two about retail likes them here.

@The_Real_Fly (my thoughts on autocorrect are it blows. "Let retailers run"

— Jeff Macke (@JeffMacke) November 14, 2016

All of this awesome bullish dollar action has The House of Saud shitting their pants. WTI is down again, off by 1.5%, to 3 month lows — in spite of the fact that copper is soaring and economic prosperity has returned to the world, with the election of Donald Trump.

Bear in mind, our beloved oil industry will be needing to refinance a boatload of debt in 2017. This late year drop in prices doesn’t exactly make financing easy for them.

Paul Schrader wants to take up arms against the government — because Hillary Clinton lost the election.

Well, he’s from Hollywood, so he was probably stoned when he made the post. Even still, drug addicts like Schrader should know better than to make a call for armed rebellion on Facebook. Why, it might get you arrested; or even worse, someone might get killed.

Here’s his post on Facebook.

Who the fuck is Schrader? You know him best for writing the screenplay for the movie Taxi and Raging Bull. He even had contact with would be Reagan assasin, Paul Hinckley, and lied to the FBI about it.

Schrader now admits that he lied to the Feds. His office had received one or two letters from “this kid in Colorado who wanted to know how he could meet Jodie Foster”. He told the secretary to throw the letters out. “I knew that if I told the FBI, ‘Yeah, I got a letter from him [Hinckley] once but I threw it out,’ I would be fucked, my secretary would be fucked. We’d have to be endlessly answering questions about a letter we’ve thrown out and don’t remember. So I just said, ‘No, I have never heard of him.'”

Ironically, his latest piece of shit movie (he’s done nothing noteworthy in decades) Dog Eat Dog, is an anti gun film. Nothing is funnier than hypocrisy. In this case, crazed faced liberals calling for an armed revolt, while being against the 2nd amendment.

King Dollar is at the highs for 2016, up nearly 1.1% v the euro for the session. Incredibly, investors have forgotten how dreadful a stronger dollar was for exporters earlier on in the year. Pressures are being applied to both gold and oil, but not copper.

The upside to all of this reflation is normalization of interest rates in Europe. Slowly but surely, the market is correcting the mistakes of central banks and yields are literally skyrocketing. Here in the US, our 10yr is at 2.19%, up from 1.75%, just one week ago.

While no one is paying attention to the credit markets because of the extravagant rally, let me remind readers that the rate of change in the bond market isn’t a good thing for credit. Effectively, the market is tightening, drastically, into an economy that is dreadful. There is optimism that Trump can turn things around and hope springs eternal. But, let’s be honest with one another now, it’s going to be very hard to unravel the yarn that Obama and his globalists devils have spun over the past 8 years.

Demand for dollars are going way up.

Credit it tightening, globally.

Over $1 trillion in fixed income losses have occurred since last week.

Chinese exports are way down, indicative of a weaker than the market is currently telling you economy.

WTI is in the low $40s and getting weaker with every tick higher in the dollar.

Lastly, the market isn’t taking Trump seriously, once again. He’s going to slap tariffs on China and build a god damned Mexican wall. The market has been wrong about Trump for over a year.

It’s gonna happen.

This person isn’t qualified to be the CEO of a venture capital financed start up. How more explicit does he need to be? Does anyone see the humor in any of this? He even went as far to challenge the secret service. This isn’t just bitter acrimonious banter by a disaffected tax paying citizen. This is a direct threat on the democratically elected President of the United States. I’m not a big fan of locking people up for speech related issues and wouldn’t go as far as to say he should be imprisoned for such jargon. But many have gone to gaol for less. At a minimum, there should be a professional consequence to his actions and maybe the secret service should pay him a visit to offer a mild courrecting his degenerate commentary.

Naturally, after realizing how impulsively stupid he was, he backtracked off the comments — chalking them up to a joke. It was a joke, assholes. Why in the world were you taking him seriously?

Packetsled is another cloud based, bullshit, service, recently financed to the tune of $5m by Keshif Ventures. Naturally, the have an office in loser HQ, Seattle —  and another one in San Diego.