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Monthly Archives: May 2018

King Dollar Continues to Rampage Higher — We Are Short of Gold in Space Alien Magician Terms

There’s not a lot of rocket science with this trade. Stronger dollar means less reason to store money in useless gold bars. There is a fairly good correlation between gold and dollars now, one that I encourage all to pay attention to.

To play this, I’m long the 3x purple faggot ETF, DUST.

Moreover, and this goes without saying, oil is way over-priced at present levels. Perhaps The House of Saud needs higher crude in order to IPO their state owned oil company. Or perhaps Trump is truly on Team Putin and is helping to needle Brent higher, in order to place some rubles in Vlad’s pockets. Either way, this shit is fadeable.

To play this, I am long the yellow nostril monster, DRIP.

Markets are flat and eagerly awaiting Trump’s 2pm announcement on the Iranian deal. I have no intention of trading the headlines for this announcement — because it should not have a material impact on stocks. I’m not saying there will not be a reaction, traders are fucking stupid. But, over a longer time frame, this is a nothing burger.

Off to the gym, fully loaded with 5gs of creatine.

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BOUGHT $DRIP

Trump will probably nix the Iranian deal today, reducing US diplomacy to a hilarious farce. That being said, this should not make crude go higher. After all, what the fuck are we pricing in — nukes in Iran?

At $70 WTI, I like the prospects of lower crude in the immediate term, priced heavily in dollar terms — extra FAGLORD Gartman.

Markets are modestly lower. There is strength in biotech — but I have no interest.

All I want and require is sharply lower stock prices, especially in oil, gold, and semis.

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DEATH TO EQUITIES

At least for a short while, time enough for me to exit out from my positions. I doubled down in SOXS yesterday and have an interest in short gold, so I’d be remiss if I wasn’t somewhat rooting for the market to pull in a bit. Perhaps the President will nix the Iranian nuke deal and perhaps that might cause tensions to rise in the middled east. Sometimes it’s important to remember that most of us are pawns in a much larger game being played, a stupid game created by malevolent people who do not truly understand the meaning of life. They take their little positions of power and wield it wherever their small cocks point and use it to hurt people.

Nasdaq futs are -16 and gold is flat, crude down -0.7%. The dollar is rising again, higher by 0.44% v the euro. This should be an albatross around the necks of gold bugs and I believe it’s only a matter of time before there is a reckoning.

Youtube has banned iBankCoin and so has Facebook. Twitter has given me two suspensions over the past two months and I’m not even discussing politics anymore. It appears there is an active program that targets certain people and I’ve found my way onto a blacklist of some sort. Perhaps it’s because of my time writing for Zerohedge, or perhaps it’s because of my early advocacy of Trump — or maybe it’s just bad luck. Whatever it may be, admittedly, it really takes the fun out of sharing crazy ideas and thoughts, being original and wanting to make people laugh. At the end of the day, I perform satire and use hyperbole to make people laugh and I’ve been doing it for more than a decade. I’ll always have iBankCoin and I don’t need their platforms — but it’s unfortunate that they feel a need to do this.

Here’s the morning movers, courtesy of Briefing.com.

 

Gapping up/down: SEAS +10%, MNK +9.5%, MTW +8% and CROX +8% after earnings, FOXA +3% after M&A spec; HTZ -8%, ZG -7% and JD -3% after earnings

Gapping up
In reaction to strong earnings/guidance
:

  • PI +17.2%, VECO +14%, SD +13.2%, RDHL +12.1%, SEAS +10.4%, MNK +9.5%, ENDP +8.5%, MTW +8.3%, CROX +7.6%, VSH +7.5%, FRGI +7.3%, CRZO +7.2%, IAG +7%, DF +6.5%, TAST +6.3%, ZBRA+6.2%, MWA +6%, FN +5.9%, VRX +5.5%, EVHC +5.4%, EVRI +4.8%, ATSG +4.6%, RWT +4.6%, STRL +4.5%, EGLT +4.5%, PLOW +4.3%, MGI +4.1%, EVBG +3.9%, EGAN +3.8%, DHX +3.7%, GBT +3.4%, NLS +3.2%, AXSM +3%, KAMN +2.9%, DQ +2.9%, IIN +2.8%, RARE +2.7%, DHT +2.7%, NIHD +2.7%, DPLO +2.6%, HRTG +2.6%, LCI +2.6%, FRTA +2.6%, BCRX +2.5%, DNR +2.3%, MYGN +1.8%, AMC+1.7%, SRLP +1.7%, ACMR +1.7%, AWR +1.6%, HAIN +1.5%, JLL +1.5%, ANDX +1.4%, AES +1.4%, BR +1.4%, CWH +1.4%, ATHM +1.3%, REN +1.1%, OAS +1.1%, SYKE +1%, OHI +1%, WMC +0.9%

M&A news:

  • FRED +11.7% (Fred’s to sell certain assets of EntrustRx, its specialty pharmacy unit, to a subsidiary of CVS Health (CVS); the aggregate consideration to be paid is $40.0 million, plus an amount equal to the value of inventory of EntrustRx)
  • NSU +11.1% (Lundin Mining and Euro Sun disclose proposal to acquire Nevsun Resources for approximately C$1.5 billion — this proposal has been rejected by Nevsun)
  • XCRA +5.1% (to be acquired by Cohu (COHU) for $13.92 per share)
  • FOXA +2.8% (lifting on reports that Comcast (CMCSA) is planning to make cash bid)

Other news:

  • SNAP +1.5% (CFO Andrew Vollero to depart)
  • C +1.2% (WSJ reporting ValueAct is building stake)
  • CVA +1% (Pres/CEO disclosed the purchase of 15K shares worth ~$228K)

Analyst comments:

  • IQ +1.8% (initiated with a Buy at Goldman)
  • LPX +1.4% (upgraded to Buy from Neutral at DA Davidson)
  • AAP +1.2% (upgraded to Overweight from Neutral at Atlantic Equities)
  • NOC +0.7% (added to Conviction Buy List at Goldman)

Gapping down
In reaction to disappointing earnings/guidance
:

  • ARLZ -17.8%, NVRO -17.6%, HTZ -7.7%, ZG -7.2%, HLTH -6.3%, JCOM -6%, SN -6%, RYAM -5.3%, AVEO -4.5%, ORA -4.4%, JD -3.4%, USFD -3.3%, MLM -3.2%, ACM -3%, TREX -2.8%, FOLD -2.7%, DISCA -2.4%, RMBS -2.3%, MOS -2%, TRMB -1.8%, DISH -1.6%, NTR -1.6%, BKD -1.1%, SNHY -1%

Other news:

  • CAPL -19.3% (reduces quarterly distribution)
  • INWK -7% (postpones earnings; to restate prior financials)
  • AXGN -3.6% (commences 2 mln common stock offering)
  • WTW -3.4% (to offer for sale in underwritten secondary offering 6,500,000 shares of common stock by holder; files common stock shelf offering for an undisclosed amount by a selling shareholder)
  • SR -3.1% (commences 2 mln common stock offering)
  • TSEM -1.8% (cont weakness)
  • ADSW -1.5% (announces secondary offering 11,987,453 shares of common stock by selling stockholders)

Analyst comments:

  • XL -0.5% (downgraded to Sector Perform from Outperform at RBC Capital Mkts)

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Trump is a Time Traveler — Prove Me Wrong

In reality, he’s a fucking NYC billionaire who belongs to an elite circle of people who dish the dirt on the political elite on a regular basis. Blackmail is what keeps this house of cards together.

Note, Trump predicted a grotesque end to Schneiderman in 2013.

For those out of the loop, the AG of NY is being accused of physically abusing multiple women — mainly because he’s a piece of shit. Lawyer shit — the absolute worst kind of human being, feces with legs.

Worth noting, one month ago Eric Schneiderman shut down the investigation into what we now know as the Nxivum sex cult of upstate NY, starring the girl from Small World.

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End of an Era: iBankCoin’s Youtube Channel Has Been Terminated for Nothing At All

Honest to God’s truth here, I don’t give a shit. The channel had 26,000 subscribers, more than 3,200 videos, 30 million+ views, and countless iBC lore branded videos, showcasing our content being read on CNBC and other edits that were creatively made for this community.

Youtube emailed me this note describing the reasons.

This video was uploaded maybe two years ago and was factual. I know the title is a bit crazy — but it was true. The other two strikes on the account were for CNN segments, none of which were remotely controversial. One of the videos debunked the Parkland false flag theory.

I used to get upset over this sort of thing due to MUH freedom of speech. But, truth of the matter is, I’m not a social justice warrior and I don’t care enough to fight this. I know, first hand, that Youtube is being mismanaged by the CEO on down, to whomever unilaterally decides to ban accounts.

The channel used to garner ~$3,500 per month in income, all from news clips featured on other networks. If it’s part of the public domain and those networks permit it, it can be uploaded and shared on Youtube by anyone. But last year the world’s largest video platform demonetized mostly all channels and that dropped revenues by about 75%.

In short, the revenue losses are immaterial, but the content loss is somewhat priceless.

I’m already over it.

I’m not big on taking pictures or clinging onto memories. I’m more of a ship passing in the night type of guy and am appreciative for the years Youtube gave me a platform for our content; but now they can fuck themselves. I was gonna buy YT Red in order to see Cobra Kai, but now I think I’ll go out of my way to bootleg it.

Final lesson: political speech is toxic for business and all but prohibited in this country. I can’t change that, so I move on.

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Know the Name: Purdue Pharma, Privately Held by the Sacklers of NYC — Biggest Opioid Drug Dealers in America

Talk about blood money. The opioid crisis has touched so many people in this country. It is on par with the tobacco scourge that broke countless families over the past hundred years. But many people know where big tobacco started, due to the public nature of the corporations. But in the pain killer world, the main culprit is, by design, privately held — secretive and by all means as evil as Phillip Morris.

Name of the company is Purdue Pharma, and it’s owned by the Sacklers of NYC.

I strongly advise you to read this article in order to get a better feel for who these moneyed people are, hiding behind their charitable contributions, paying meaningless fines, whilst releasing a terror onto America.

Purdue under Mortimer and Raymond, and Raymond’s son Richard, sold OxyContin in the US as a revolutionary, slow-release narcotic, rooted in the opium poppy but approved by regulators as safe.

Via aggressive marketing to doctors and misleading use of research, according to the US government, Purdue promoted OxyContin to block out chronic pain. But it was addictive even when taken as instructed and was easily abused, as was their late 80s forerunner drug MS Contin.

“The regulators were asleep at the switch,” said lawyer Mike Moore.

Forbes magazine estimates that a core group of 20 Sacklers in the Mortimer and Raymond branches of the family are collectively worth $13bn.

Arthur’s daughter Elizabeth Sackler, 69, benefactor of an eponymous gallery at the Brooklyn Museum, called her aunts’ and cousins’ $13bn fortune “morally abhorrent”.

And of course this epic piece by the New Yorker, the Family that Built an Empire of Pain.

This is a long except. The entire article is a must read for anyone with an interest.

When the Met was originally built, in 1880, one of its trustees, the lawyer Joseph Choate, gave a speech to Gilded Age industrialists who had gathered to celebrate its dedication, and, in a bid for their support, offered the sly observation that what philanthropy really buys is immortality: “Think of it, ye millionaires of many markets, what glory may yet be yours, if you only listen to our advice, to convert pork into porcelain, grain and produce into priceless pottery, the rude ores of commerce into sculptured marble.” Through such transubstantiation, many fortunes have passed into enduring civic institutions. Over time, the origins of a clan’s largesse are largely forgotten, and we recall only the philanthropic legacy, prompted by the name on the building. According to Forbes, the Sacklers are now one of America’s richest families, with a collective net worth of thirteen billion dollars—more than the Rockefellers or the Mellons. The bulk of the Sacklers’ fortune has been accumulated only in recent decades, yet the source of their wealth is to most people as obscure as that of the robber barons. While the Sacklers are interviewed regularly on the subject of their generosity, they almost never speak publicly about the family business, Purdue Pharma—a privately held company, based in Stamford, Connecticut, that developed the prescription painkiller OxyContin. Upon its release, in 1995, OxyContin was hailed as a medical breakthrough, a long-lasting narcotic that could help patients suffering from moderate to severe pain. The drug became a blockbuster, and has reportedly generated some thirty-five billion dollars in revenue for Purdue.

But OxyContin is a controversial drug. Its sole active ingredient is oxycodone, a chemical cousin of heroin which is up to twice as powerful as morphine. In the past, doctors had been reluctant to prescribe strong opioids—as synthetic drugs derived from opium are known—except for acute cancer pain and end-of-life palliative care, because of a long-standing, and well-founded, fear about the addictive properties of these drugs. “Few drugs are as dangerous as the opioids,” David Kessler, the former commissioner of the Food and Drug Administration, told me.

Purdue launched OxyContin with a marketing campaign that attempted to counter this attitude and change the prescribing habits of doctors. The company funded research and paid doctors to make the case that concerns about opioid addiction were overblown, and that OxyContin could safely treat an ever-wider range of maladies. Sales representatives marketed OxyContin as a product “to start with and to stay with.” Millions of patients found the drug to be a vital salve for excruciating pain. But many others grew so hooked on it that, between doses, they experienced debilitating withdrawal.

Since 1999, two hundred thousand Americans have died from overdoses related to OxyContin and other prescription opioids. Many addicts, finding prescription painkillers too expensive or too difficult to obtain, have turned to heroin. According to the American Society of Addiction Medicine, four out of five people who try heroin today started with prescription painkillers. The most recent figures from the Centers for Disease Control and Prevention suggest that a hundred and forty-five Americans now die every day from opioid overdoses.

Andrew Kolodny, the co-director of the Opioid Policy Research Collaborative, at Brandeis University, has worked with hundreds of patients addicted to opioids. He told me that, though many fatal overdoses have resulted from opioids other than OxyContin, the crisis was initially precipitated by a shift in the culture of prescribing—a shift carefully engineered by Purdue. “If you look at the prescribing trends for all the different opioids, it’s in 1996 that prescribing really takes off,” Kolodny said. “It’s not a coincidence. That was the year Purdue launched a multifaceted campaign that misinformed the medical community about the risks.” When I asked Kolodny how much of the blame Purdue bears for the current public-health crisis, he responded, “The lion’s share.”

Although the Sackler name can be found on dozens of buildings, Purdue’s Web site scarcely mentions the family, and a list of the company’s board of directors fails to include eight family members, from three generations, who serve in that capacity. “I don’t know how many rooms in different parts of the world I’ve given talks in that were named after the Sacklers,” Allen Frances, the former chair of psychiatry at Duke University School of Medicine, told me. “Their name has been pushed forward as the epitome of good works and of the fruits of the capitalist system. But, when it comes down to it, they’ve earned this fortune at the expense of millions of people who are addicted. It’s shocking how they have gotten away with it.”

Before releasing OxyContin, Purdue conducted focus groups with doctors and learned that the “biggest negative” that might prevent widespread use of the drug was ingrained concern regarding the “abuse potential” of opioids. But, fortuitously, while the company was developing OxyContin, some physicians began arguing that American medicine should reëxamine this bias. Highly regarded doctors, like Russell Portenoy, then a pain specialist at Memorial Sloan Kettering Cancer Center, in New York, spoke out about the problem of untreated chronic pain—and the wisdom of using opioids to treat it. “There is a growing literature showing that these drugs can be used for a long time, with few side effects,” Portenoy told the Times, in 1993. Describing opioids as a “gift from nature,” he said that they needed to be destigmatized. Portenoy, who received funding from Purdue, decried the reticence among clinicians to administer such narcotics for chronic pain, claiming that it was indicative of “opiophobia,” and suggesting that concerns about addiction and abuse amounted to a “medical myth.” In 1997, the American Academy of Pain Medicine and the American Pain Society published a statement regarding the use of opioids to treat chronic pain. The statement was written by a committee chaired by Dr. J. David Haddox, a paid speaker for Purdue.

Richard Sackler worked tirelessly to make OxyContin a blockbuster, telling colleagues how devoted he was to the drug’s success. The F.D.A. approved OxyContin in 1995, for use in treating moderate to severe pain. Purdue had conducted no clinical studies on how addictive or prone to abuse the drug might be. But the F.D.A., in an unusual step, approved a package insert for OxyContin which announced that the drug was safer than rival painkillers, because the patented delayed-absorption mechanism “is believed to reduce the abuse liability.” David Kessler, who ran the F.D.A. at the time, told me that he was “not involved in the approval.” The F.D.A. examiner who oversaw the process, Dr. Curtis Wright, left the agency shortly afterward. Within two years, he had taken a job at Purdue.

Mortimer, Raymond, and Richard Sackler launched OxyContin with one of the biggest pharmaceutical marketing campaigns in history, deploying many persuasive techniques pioneered by Arthur. Steven May, who joined Purdue as an OxyContin sales representative in 1999, recalled, “At the time, we felt like we were doing a righteous thing.” He used to tell himself, “There’s millions of people in pain, and we have the solution.” (May is no longer working for Purdue.) The company assembled a sales force of as many as a thousand representatives and armed them with charts showing OxyContin’s benefits. May attended a three-week training session at Purdue’s headquarters. At a celebratory dinner following the training, he was seated at a table with Richard Sackler. “I was blown away,” he recalled. “My first impression of him was ‘This is the dude that made it happen. He has a company that his family owns. I want to be him one day.’ ”

A major thrust of the sales campaign was that OxyContin should be prescribed not merely for the kind of severe short-term pain associated with surgery or cancer but also for less acute, longer-lasting pain: arthritis, back pain, sports injuries, fibromyalgia. The number of conditions that OxyContin could treat seemed almost unlimited. According to internal documents, Purdue officials discovered that many doctors wrongly assumed that oxycodone was less potent than morphine—a misconception that the company exploited.

A 1995 memo sent to the launch team emphasized that the company did “not want to niche” OxyContin just for cancer pain. A primary objective in Purdue’s 2002 budget plan was to “broaden” the use of OxyContin for pain management. As May put it, “What Purdue did really well was target physicians, like general practitioners, who were not pain specialists.” In its internal literature, Purdue similarly spoke of reaching patients who were “opioid naïve.” Because OxyContin was so powerful and potentially addictive, David Kessler told me, from a public-health standpoint “the goal should have been to sell the least dose of the drug to the smallest number of patients.” But this approach was at odds with the competitive imperatives of a pharmaceutical company, he continued. So Purdue set out to do exactly the opposite.

Sales reps, May told me, received training in “overcoming objections” from clinicians. If a doctor inquired about addiction, May had a talking point ready. “ ‘The delivery system is believed to reduce the abuse liability of the drug,’ ” he recited to me, with a rueful laugh. “Those were the specific words. I can still remember, all these years later.” He went on, “I found out pretty fast that it wasn’t true.” In 2002, a sales manager from the company, William Gergely, told a state investigator in Florida that Purdue executives “told us to say things like it is ‘virtually’ non-addicting.”

May didn’t ask doctors simply to take his word on OxyContin; he presented them with studies and literature provided by other physicians. Purdue had a speakers’ bureau, and it paid several thousand clinicians to attend medical conferences and deliver presentations about the merits of the drug. Doctors were offered all-expenses-paid trips to pain-management seminars in places like Boca Raton. Such spending was worth the investment: internal Purdue records indicate that doctors who attended these seminars in 1996 wrote OxyContin prescriptions more than twice as often as those who didn’t. The company advertised in medical journals, sponsored Web sites about chronic pain, and distributed a dizzying variety of OxyContin swag: fishing hats, plush toys, luggage tags. Purdue also produced promotional videos featuring satisfied patients—like a construction worker who talked about how OxyContin had eased his chronic back pain, allowing him to return to work. The videos, which also included testimonials from pain specialists, were sent to tens of thousands of doctors. The marketing of OxyContin relied on an empirical circularity: the company convinced doctors of the drug’s safety with literature that had been produced by doctors who were paid, or funded, by the company.

David Juurlink, who runs the division of clinical pharmacology and toxicology at the University of Toronto, told me that OxyContin’s success can be attributed partly to the fact that so many doctors wanted to believe in the therapeutic benefits of opioids. “The primary goal of medical practice is the relief of suffering, and one of the most common types that doctors see is pain,” he said. “You’ve got a patient in pain, you’ve got a doctor who genuinely wants to help, and now suddenly you have an intervention that—we are told—is safe and effective.”

Keith Humphreys, a professor of psychiatry at Stanford, who served as a drug-policy adviser to the Obama Administration, said, “That’s the real Greek tragedy of this—that so many well-meaning doctors got co-opted. The level of influence is just mind-boggling. Purdue gave money to continuing medical education, to state medical boards, to faux grassroots organizations.” According to training materials, Purdue instructed sales representatives to assure doctors—repeatedly and without evidence—that “fewer than one per cent” of patients who took OxyContin became addicted. (In 1999, a Purdue-funded study of patients who used OxyContin for headaches found that the addiction rate was thirteen per cent.)

Within five years of its introduction, OxyContin was generating a billion dollars a year. “There is no sign of it slowing down,” Richard Sackler told a team of company representatives in 2000. The sales force was heavily incentivized to push the drug. In a memo, a sales manager in Tennessee wrote, “$$$$$$$$$$$$$ It’s Bonus Time in the Neighborhood!” May, who was assigned to the Virginia area, was astonished to learn that especially skillful colleagues were earning hundreds of thousands of dollars in commissions. One year, May’s own sales were so brisk that Purdue rewarded him with a trip to Hawaii. As prescriptions multiplied, Purdue executives—and the Sackler family members on the company’s board—appeared happy to fund such blandishments. Internal budget plans described the company’s sales force as its “most valuable resource.” In 2001, Purdue Pharma paid forty million dollars in bonuses.

The truth was that the dangers of OxyContin were intrinsic to the drug—and Purdue knew it. The time-release formula meant that, in principle, patients could safely ingest one giant dose every twelve hours. They could sleep through the night—a crucial improvement over conventional painkillers, such as morphine, which require more frequent dosing. One of Purdue’s initial advertising campaigns featured a photograph of two little dosage cups, one marked “8 a.m.” and the other “8 p.m.,” and the words “Remember, Effective Relief Just Takes Two.” But internal Purdue documents, which have emerged through litigation, show that even before the company received F.D.A. approval it was aware that not all patients who took OxyContin were achieving twelve-hour relief. A recent exposé by the Los Angeles Times revealed that the first patients to use OxyContin, in a study conducted by Purdue, were ninety women recovering from surgery in Puerto Rico. Roughly half the women required more medication before the twelve-hour mark. The study was never published. For Purdue, the business reason for obscuring such results was clear: the claim of twelve-hour relief was an invaluable marketing tool. But prescribing a pill on a twelve-hour schedule when, for many patients, it works for only eight is a recipe for withdrawal, addiction, and abuse. Notwithstanding Purdue’s claims, many people who were not drug abusers—and who took OxyContin exactly as their doctors instructed—began experiencing withdrawal symptoms between doses. In March, 2001, a Purdue employee e-mailed a supervisor, describing some internal data on withdrawal and wondering whether or not to write up the results, even though doing so would only “add to the current negative press.” The supervisor responded, “I would not write it up at this point.”

In testimonials collected by Purdue Pharma in 2001, pain patients praise OxyContin, but they also describe needing more than the recommended dose—once every twelve hours.

Doctors who prescribed OxyContin were beginning to report that patients were coming to them with symptoms of withdrawal (itching, nausea, the shakes) and asking for more medication. Haddox had an answer. In a 1989 paper, he had coined the term “pseudo-addiction.” As a pain-management pamphlet distributed by Purdue explained, pseudo-addiction “seems similar to addiction, but is due to unrelieved pain.” The pamphlet continued, “Misunderstanding of this phenomenon may lead the clinician to inappropriately stigmatize the patient with the label ‘addict.’ ” Pseudo-addiction generally stopped once the pain was relieved—“often through an increase in opioid dose.”

“When you promote these very massive doses of opioids, the more of it that is out there the more abuse there will be,” David Kessler said. “It’s almost linear.” U.S. sales of OxyContin soon exceeded those of Viagra. Everywhere the drug spread, addiction followed. To Steven May, the sales representative in Virginia, it seemed as if the problems associated with OxyContin were metastasizing, “like a cancer.”

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KICKED OUT OF REITS, DOUBLED DOWN IN SEMIS SHORT

I feel like a fucking clown sitting on a sill getting pies tossed at my face. My basis for SOXS has been reduced to $13.22 after a double down today. If you’ve been paying attention, I don’t throw good money after bad any longer, something I used to practice with a reckless regularity. However, given the stretched nature of this move, coupled with the hybrid oscillator inside Exodus, I felt it was my duty to do so.

Also, I tossed away my DRN position, after a healthy moved up in REITs. It should be noted, the REITs are a perfidious industry, one beset by innumerable and penetrating negative inputs which has made the sector uninvestable for longer term durations. They should be traded and that’s all.

My quant portfolio is higher more than 1% today and I am pleased with the blend of securities that presently make up my portfolio. The only albatross around my neck now is this fucking SOXS. Ideally, markets will plummet, say 5,000 points tomorrow morning, then close up. Under that scenario, I could swing trade my way out from this anchored loss and jog on to much greener pastures.

As we speak, markets are collapsing. The gains are being dissipated and the era of the short approaches.

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Before You Chase Oil Stocks Here, Take a Look at This Chart

Candidly, I missed out on this trade. As a point in fact, I cannot recall the last time I played oil correctly. The irony of it all is that I have the keys to the future for this sector, the blueprint that mints money on an annual basis, but because of my proclivities for short term trading, I fall victim to emotion and capitulate before the big wins are enjoyed.

“What the fuck is this guy talking about?”, you ponder? I’ll show you now.

These are the seasonal returns for the oil and gas drilling sector and also COP, which is a great representation for all of crude. Behold as the secrets of the crude trade are reviewed via simple data collection analysis via Exodus. If you only bought oil stocks in Feb and sold in May, your gains would be bountiful and your cock would be swinging very low indeed.

I know what you’re thinking: “this time is different.” But it’s not. The allure of buying at the highs is always strong and new suckers are minted every day. Have a look at the actual price of crude on a seasonal chart. Look how infantile this market is and how easy it is to predict.

This is child’s play. At the very latest, sell all of your crude stocks by June and don’t come back until late January. If you overstay your welcome, I look forward to seeing you fall victim to a Saudi Arabian saber angling sideways and strongly at your manlet neck.

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Morning Poppers (Orwellian Nonsense Edition)

The ‘high level’ US trade delegation is back in the US and by the looks of the futures markets, people like what they see. The US demand is to reduce the US-China trade deficit by ~$200b by 2020, a very reasonable demand. On the other hand, China, in all of its grand fuckery, is demanding US airlines quit referring to Taiwan as a separate nation, which drew a most humorous rebuke from team Trump.

“This is Orwellian nonsense and part of a growing trend by the Chinese Communist party to impose its political views on American citizens and private companies,” Sanders said, adding that the Trump administration is calling on China “to stop threatening and coercing American carriers and citizens”.

Futures are +87, Nasdaq +35. More importantly, WTI is above $70. Quite frankly, and this goes without saying, it warms my heart to see the price of gasoline edging higher at the pump. I enjoy paying a higher fee because it means jobbies are being created in the shale territories, plus my good friend Putin is ballin’ like a mother-llama.

The dollar is sharply higher by 0.4% v the Euro. This should equate to carnage in the gold markets. Since I am long DUST, I look forward to that eventuality.

The only other news that caught my eye was Nestle paying SBUX $7.5b for the rights to sell their coffee products in stores. Considering the entire product line only does $2b in revenues per annum, one has to believe the good folks at Nestle are fucking retarded.

Also, MDLZ is buying Tate’s Cookies for $500m. Not a fan.

NOTE: CNBC launched the Buffett archives. Wow, great job.

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