The Wolves are Circling an Injured Ackman

Is he toast, begs Vanity Fair in a recent article depicting the fucked state of a certain B. Ackman?

If you’ve been tracking the illustrious career of Montauk Bill, you’ll want to read that pieced linked above.

Here are some of my favorite spots.

“I think he hits a brick wall at about 197 miles an hour,” says Marc Cohodes, a Wall Street short seller. “I think he’s done. I think he’s a dead man walking and he’s completely un-investable.”

I am told that David Einhorn, the founder of Greenlight Capital and another Ackman nemesis, has done an extensive analysis that shows that Pershing Square investors have taken it on the chin. (Einhorn declined to comment.)

It is unlikely, in the end, that Ackman will go broke. A source close to Ackman suggests that he has more than $6.5 billion in permanent capital, giving him a safety net for his problems. In a savvy move at the time, in October 2014, Ackman raised more than $4 billion in permanent capital by selling stock, in Amsterdam, in a new company, Pershing Square Holdings, to investors. Months later, in June 2015, he raised another $1 billion from a bond offering. He can use the proceeds of these deals to make new investments, and not worry that investors will demand their money back as they can in his private hedge fund.

For such a smart guy, he’s so fucking stupid. A great man once said ‘success has defeated you.’ Indeud.

It was a good report, until the minute details came out. Investors are forlorn with grief in the after-hours, selling shares of Intel — ad hoc — after the company guided down gross margins. Just know, when gross margins are guided down, more often than not, the core business is about to fucked fuck with a rake. Margins are coming in due to wages and/or prici

Tech will be annihilated tomorrow, rest assured.

Internet of Things business grew 19% over last year. Setting an all time revenue record of nearly $700 million; saw strength across the board in retail, video, and transportation segments.

Revenue in memory business was approximately flat year-over-year. 3D NAND production at the factory is ramping ahead of schedule with yields matching those of other production facility; continue to see industry enthusiasm building for new memory technology.

Very pleased with the integration of Altera intoIntel.

During the third quarter saw strengthening of demand and an inventory build in the worldwide PC supply chain. This segment had another quarter of significant profit growth with operating profit growing 37% from a year ago as revenue increased, costs came down and investment levels declined.

Generating healthy levels of free cash flow which enables co to invest in business and return cash to shareholders.

Seeing in the Data Center is very strong growth rates in the cloud; Very strong growth rates in networking and storage as those areas become virtualized and products extend into those areas; saw some weakness in enterprise in Q3 and expecting for Q4.

Going to hold off on providing a forecast for 2017 at this time; would normally provide that in January, then have much more in-depth conversation in the investor meeting in February.

‘We’re not going to raise the flag and say that everything’s good again’.

Saw an increased strength in the areas that have been strong in the past; the mature markets were a bit stronger. The one that was probably a little bit of a shift is China

Enterprise was again strong. Consumer was better but it’s still not back to where it would like to see the consumer side.

Because foreign banks are cool and totally solvent, investors bought them in droves today. I get no pleasure out of highlighting the big bold letters in front of our faces. But there it is, the bounce back day for stocks led higher by hospital beds and gold mines. Market breadth was at 73%, so there was broad market participation. However, we’re stuck inside of a trading range, a purgatory if you will, until there is some resolution on these worldly events transpiring.

Some of the bounce in gold is due to the renewed belief that the Fed is filled with shit and will not hike rates. In my opinion, today’s spike in risk off assets was predicated more around that narrative than fear of a market drawdown.

I feel like this is some Geraldo Rivera shit, but the substance is so damning and almost shockingly candid.

If true, it’s too bad he didn’t reveal this to the public, in order to raise public awareness. There are literally endless documents released to the public now. It’s gonna be a shitstorm.

UPDATE: this is an old document, one that has been refuted by Gawker as being a fake.

I’m sorry if all of this historical ‘nonsense’, which will go down in the annals of history as the very most and important public disclosure of corrupt government, gets in the way of your trading day. Some of you stumbled upon me hoping that I’d curse and yell about hammed burgers and hotted dogs, even in the midst of nuclear war. Let me remind you that I have an IQ of 155 and genuinely care about world events, as I’ve got much to lose and lots invested in the future. In other words, fuck off if the truth upsets you. None of you control me and will ever be able to. You’re better off playing inside of a cesspool than lobbying me about what I should be discussing on my site.

It looks like Wikileaks dropped the entire file, which may suggest he’s under arrest, dead, or a combination of both.

It’s not by accident that this is titled 1984.

Developing…

Maybe it’s wetworks related? John was a very busy little bee, chatting it up with the OSF head, Chris Stone.

For those unfamiliar, the OSF is George Soros’ main foundation by which he alters the history of the world, creating chaos and change in governments.

Even if there wasn’t a conspiracy here, why is Soros involved in the selection process of our Supreme Court Justices?

@brianefallon So any spin for why Podesta is emailing George Soros' FDN about a Scalia Replacement the day he Died? Russia? #PodestaEmails11 pic.twitter.com/PCjrNGCS8g

— Dom Romano (@wrekoniz3) October 18, 2016

Well, it was certainly good and entertaining while it lasted. But we can’t carry on reading the emails of John Podesta for the rest of our lives, can we? Poor John. All he wanted to do was subvert the third estate and get his bitch into power.

If Ecuador ceded to John Kerry and the Obama administration, then I’m never gonna eat ceviche in the Galápagos Islands. I promise you here and now, I’ll never do it.

This from the morons at Fox.

#Fox reported #assange to be arrested today! #Wikileaks #podestaemails11 #Trump #MAGA #Veritas #PodestaEmails10 pic.twitter.com/fz9hlzAgky

— B. Sue for Trump (@SuePickles80) October 18, 2016

If true, we all knew it’d happen sooner or later. The only problem for World government is that by arresting Assange you make him a martyr and 10,000 others replace him, like terrorists — but for freedom and transparency instead of retrograde sentimentalities.

Nevertheless, Assange did good and is a true hero, a symbol of unvarnished truth in a sea of morbid lies and filth.

Wikileaks just sent out two tweets that should shock me into thinking ‘wow, my government is fucked up for trying to leverage peace negotiations protect Hillary Clinton and her band of bandits from public humiliation’, but I’m not. I’m too much of a cynic to believe anyone does things for selfless, righteous reasons.

Seeing that Ecuador turned off Assange’s internet access, I imagine J. Kerry might want to take a bow and flatulate himself for this huge diplomatic victory.

Unlike western Federal Governments of the world, both investors and corporations are awash in cash. Isn’t that an interesting dichotomy? Have you ever thought about it for a moment, seeing that we’re bedraggled by $20t in debt at a time when cash is freely flowing and hoarded by corporations on a global basis?

Bank of America is out with a note highlighting the fact that investor cash is now at levels not seen since after 9/11, at 5.8%. Smugly, they view this as a buying signal — since people are too stupid to identify risk, apparently. I’ve always loved the thought process behind ‘contrarian signals.’

In other words, you’re basing your entire investment philosophy on the stupidity of the masses. It is condescension, personified.

“This month’s cash levels indicate that investors are bearish, with fears of an EU breakup, a bond crash and Republicans winning the White House jangling nerves,” said Michael Hartnett, the bank’s chief investment strategist.

He furthers…

Elevated cash balances potentially sets the stage for a stock-market rally, according to the Bank of America analysts. “When average cash balance rises above 4.5 percent a contrarian buy signal is generated for equities. When the cash balance falls below 3.5 percent a contrarian sell signal is generated,” writes Hartnett’s team in Tuesday’s report.

On a short term basis, Harnett might be right. After all, November of 2001 was a short term bottom for the market — as it drifted into year end and then rallied hard in early 2002. However, let’s not forget the fact that markets continued to struggle for more than a year afterwards, with the Nasdaq plunging from 2,000 to the 1,200 level before bottoming.

I think people sense something is wrong, evident by the sheer numbers and lunacy of central bank overplanning. Perhaps if they’d stop meddling and let the business cycle live or die on its own merits, people would feel more confident in the legitimacy of the market.

I know I would.