I bought some GNLN today, new IPO specializing in vaping. All of the cool kids these days vape. Seeing the stock lower from it’s offering price, I like my chances here — based upon the ancient laws of addiction and substance abuse.
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Last night I was truly excited for the first time in weeks, seeing futures limit down and Zerohedge excited on Twitter and all of the bullfags peasantly quiet, demurred by the specter of pain. In spite of having 50% of my trading account long and 100% of my long term quant long, I wanted to see investors ‘go away in May’ because I’ve been bored and needed another distraction — aside from cleaning blinds and moving.
Early this morning, the news got even worse after it was reported we might strike Iran for looking at us sideways. We sent the USS Lincoln there to put those fuckers in line and Trump was tweeting shit towards China.
Then I saw Brent higher this morning and WTI barely down and I knew it was more nothing.
Buy the dipFAGS barreled in heavy and now we get to listen to so many market geniuses telling us to simply buy all the time and there’s never going to be a pullback — because I don’t know what anymore. I do freely admit that the bull market has been great for me — but I must also admit that I hate it with nearly every fiber of my existence.
I’ve thought about this a long time and I think I know why.
See, this market is like a baseball game with 5 outfielders and no strikeouts. Swing until you hit the ball. Ever play that shit as a boy? No one on the bench — but pile everyone in the outfield and let the batter swing 100 times until he hits the God damned ball. Second place, third place trophies for all. That’s what this market is to me — rigged and an abhorrent display of late stage end game capitalism.
Oh, I’m being dramatic and talking shit?
Then explain to me why the ECB had to bail out all of the fucking banks in 2012 and tell me what was happening to said banks before they did? Also, explain to me what would’ve happened to American banks, had it not been for the continuous support of the Fed?
We’re all filled with vim and hubris, courtesy of government support for markets. Believe me, I’m not betting against it and it’s likely to keep going higher. But do not disillusion yourselves and be clear eyed about what you have in front of you — a Frankenstonian economy at $22 trillion in debt standing on its legs thanks to the crutches provided by central banks.
I didn’t buy anything this morning because I didn’t want to get lured into a buy the dip morning and get ravaged by a sell the buy afternoon.
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Tired of winning yet?
Israel vs Gaza.
America vs Iran/China.
There will be wars and rumors of wars.
Lots of rumors swirling about China now — such as China breaking off talks due to Trump’s Sunday night outburst. Also, news out of the Middled East is that Iran was planning an attack on US forces in the region, which expedited the deployment of the USS Lincoln. Naturally, this is all bullshit — another scheme to get Americans to die on Middle Eastern soil. Nevertheless, it’s news.
Late Sunday night, the White House made a surprise announcement that the USS Abraham Lincoln and a bomber task force were being deployed in response to unspecified “troubling and escalatory indications and warnings.”
A statement from National Security Adviser John Bolton said the deployments were intended “to send a clear and unmistakable message to the Iranian regime that any attack on United States interests or on those of our allies will be met with unrelenting force.”
“The United States is not seeking war with the Iranian regime, but we are fully prepared to respond to any attack, whether by proxy, the Islamic Revolutionary Guard Corps, or regular Iranian forces,” the statement continued.
A U.S. official told ABC News the deployments were in response to “clear indications” Iranian and Iranian proxy forces were preparing for a possible attack, and that the decision to send forces was made on Sunday.
“The movement of the aircraft carrier USS Abraham Lincoln to the region was expedited, and it was ordered there effective immediately,” said the official.
The carrier is currently in the Mediterranean after leaving Norfolk, Virginia, on April 1. The Navy no longer provides destinations for its carrier deployments, but the carrier likely would have had to transit through the Middle East toward its new home port of San Diego at the end of its deployment.
Also, Trump declared via Twitter the United Steaks would not lose to China anymore. As of April, the US trade gap with China was 49.4 billion clown dollars, down to the lowest level since (wait for it)… June of 2018.
The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose 500 Billion Dollars. Sorry, we’re not going to be doing that anymore!
— Donald J. Trump (@realDonaldTrump) May 6, 2019
Dow futures are -450.
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UPDATE: A source told CNBC that Chinese Vice Premier Liu He will likely cancel the trip he’d planned for himself and a 100-person delegation for the final round of talks that U.S. officials had previously said could yield a deal by Friday.
A second source said Trump’s decision to more than double the tariff rate on $200 billion of goods was meant to send a message to Liu to not come to the U.S. with more “empty offers.”
It’s over fucked faces. Le Fly told you market would go away in May and here we are now — making all of you absolute FUCKHEADS cringe and eat your words. Hubris always comes before the fall and now your dumb ass is about to be dispatched and you’re already thinking this will end the same way it did in December and maybe it will — but maybe it won’t.
One thing is for certain, being permanently anything makes you an idiot — a useless dull knife in a draw filled with other dull butter knives. “The Fly” is a blunt instrument of war — sharpest blade in the garage — shit cuts your fingers off by just looking at it. Cuts through bones like hot butter.
Dow futures are down 500, Nasdaq -176. Ring the alarms — there’s a fire raging now and it’s heading for your bullshit portfolios.
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UPDATE: NASDAQ FUTS -130
Well well well — what do we have here? Dare I say the olde riga-ramole is back and in action. Trump is going to increase tariffs on Chinese goods from 10 to 25%, markets will cascade lower. Then, seemingly out of the blue, new progress will be broadcasted in Trump’s ongoing negotiations with China, and then VOILA! — a deal will be had.
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….
— Donald J. Trump (@realDonaldTrump) May 5, 2019
For 10 months, China has been paying Tariffs to the USA of 25% on 50 Billion Dollars of High Tech, and 10% on 200 Billion Dollars of other goods. These payments are partially responsible for our great economic results. The 10% will go up to 25% on Friday. 325 Billions Dollars….
— Donald J. Trump (@realDonaldTrump) May 5, 2019
Or not.
I’ve always stated China would do nothing until after the 2020 elections. The risk for them is betting against Trump winning and then an angry malevolent Trump giving them nothing — forcing them to sign a fucked up deal.
I step into tomorrow’s melee a man, 50% cash, with my sole China stock being named A Dick Car Named Desire (DCAR). Quite honestly, I wish it would. I wish the whole kit and caboodle would come crashing down, just so that all of the non-talented investment advisor absolute shills could shut the fuck up about their inane investment plans — which entail nothing but dick in hands and a basket of low fee ETFs.
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It all started Thursday night. I chanced upon one of my kitchen windows and touched the folds of my white wooden blinds with a wet hand to peer into my yard. Much to my chagrin, when I removed said wet hand — I bore witness to a terrible spectacle — dirty blinds and a mud print left from my fingers. I then took a step back and truly looked at all 4 windows and came to terms with the fact they were all dirty, in spite of the cleaning services hired to attend to these ordeals at House Fly.
For the next 7 hours, I toiled away with the toxic chemicals, otherwise known to you as 409. As I sprayed and sprayed and then sprayed again, I could feel my lungs being affected, my throat was completely hoarse and my fingers raw from the exposure. The next morning I was in full blown allergy mode — dying throughout my house. Nothing could stop me from sneezing and feeling dreadful. By noon, a good friend of mine came over with his chainsaw — because we had agreed to remove my cedar playset in the yard — because it was old and dilapidated. Before we did that, however, we fixed one of the sump pumps in my basement — because, apparently, I have a river flowing under my house. After toiling with the rusted still rancid water, we went outside, armed with a chainsaw and beers.
Because we’re true men, we didn’t need face masks and as we sawed away — millions of particles of cedar dust spilled into my face and into my lungs. Whenever it got too bad, I washed it down with a Corona.
After 5 hours, we completed the dismantling of the playset and then turned our attention to whiskey and cigars. The gentleman at the cigar shop recommended a peppery pardon, 1926, retailing at $24 per — saying “these are all the rage here”. To that I replied, “who the fuck is buying $24 cigars from you anyway?”
At any rate, we ate heartily and I kept popping aspirin and Claritin in between sips of Redbreast and after dinner we smoked the cigars and they were terrible — like smoking a fucking bottle of pepper. It got cold real quick and I felt the sickness washing over me — so we retired early at about 3am.
Presently, I am shaking with fever and on the verge of certain death, and even though I rinsed my mouth out 10 times and brushed my teeth 5, I can still taste the peppery cigar and I’m too infirmed to get up and eat — so I rest here patiently awaiting death.
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These people don’t even pretend to know what they’re talking about. It’s almost refreshing, actually, similarly to rap music. The tone is so ignorant and flagrant — it’s entertaining.
This is some low IQ shit here, not because inflation is a threat — but because we’ve just come off ZIRP and that shit did not produce inflation. Want inflation? Well then, help the middled class earn some money outside of their WMT gigs.
“I think it might be time for us to consider lowering interest rates,” Pence told CNBC’s Eamon Javers on Friday. “We just don’t see any inflation in this economy at all.”
“There’s no inflation here,” Pence said.
He also added the idea that Fed perhaps should focus on a single mandate, maximizing employment, to make monetary policy, instead of the dual mandate that also includes low inflation. Pence added that a single mandate is not something he and President Donald Trump have talked about.
“We’re seeing jobs being created all over the country … [and that] should be an encouragement to every American and also to people that operate our monetary policies,” Pence said.
Both Trump and Pence are now on record asking the Fed to reduce rates, at a time when the stock market is at record highs, unemployment is 3.6%, and my bank account laughs at me when I try to find a decent interest rate. I am forced to find yield in the market, which is the whole fucking point isn’t it?
I have home improvement shit to do today and will be out chopping wood and fixing sump pumps. If you really need me, break into the Mayor’s office and shine the bat signal into the air. If not, jog on and be merry and fuck off.
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UCTT is a play off broader strength in semis with an OLED kicker.
OLED is just back and going a lot higher.
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I found this amusing, in a “we have so much money, no one really knows who is buying what” sort of vibe.
Buffett reveled one of his guys at Berkshire has been buying Amazon.
“One of the fellows in the office that manage money … bought some Amazon so it will show up in the 13F” later this month, Warren Buffett told CNBC Thursday
“Yeah, I’ve been a fan, and I’ve been an idiot for not buying” Amazon shares, Buffett said. “But I want you to know it’s no personality changes taking place.”
Warren has been a terrific steward of Berkshire’s money. But truthfully, the next leader at Berkshire really needs to dial up the testosterone and commit to hostile actions — filling active 13-ds and demanding seats on boards — like an evil Buffett with designs for world domination. Too bad he kids grew up to be manlets, otherwise they could do it.
In other news, OLED is back in a big way. This is guided by iPhone sales and whatever Apple decides to do.
Universal Display beats by $0.34, beats on revs; guides FY19 revs in-line (156.60 -0.73)
Reports Q1 (Mar) earnings of $0.66 per share, $0.34 better than the S&P Capital IQ Consensus of $0.32; revenues rose 101.4% year/year to $87.8 mln vs the $64.59 mln S&P Capital IQ Consensus.
Co issues in-line guidance for FY19, sees FY19 revs of $325-350 mln vs. $337.98 mln S&P Capital IQ Consensus
Although the OLED industry is still at an early state where many variables can have a material impact on its growth, and the Company thus caveats its financial guidance accordingly, the Company believes that its 2019 revenue will be approximately in the range of $325 million to $350 millionThe guidance was prepared utilizing accounting standard ASC Topic 606; under the prior accounting standard ASC Topic 605, the Company estimates that its 2019 revenues would be approximately $395 million to $420 million
OLED is definitely heading back to new highs, above $200. Two things of note: UCTT is the foundry that specializes in OLED and COHR makes the lasers. Take from it what you will.
Lastly, Nasdaq futures are +50 and Bitcoin is soaring above 6,000.
Non-farm payrolls came in at an astounding 263k — reducing the unemployments rate to 3.6%.
Who needs a China deal? We should keep taxing them and use the proceeds to buy weapons in order to bomb countries on a random basis.
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Beyond meat has come public today and the stock went nuts to the upside. Look at the lovely lovely chart.
Truth be told, Le Fly tried being vegan for a year and initially felt good about the decision. I enjoyed the discipline of adhering to a certain set of rules — because I’m a man and men like order. At first, I was optimistic about this sojourn, saving innocent baby animals and being environmentally friendly. Plus, I had a deep seething disdain for the meth-heads who worked at the slaughterhouses.
About 9 months in, I started to truly hate it and felt I was being unjustifiably punitive with myself. After all, I’m not immortal and do not intend to live past 85, so what the fuck was I doing — punishing myself for the sake of what exactly? Since the beginning of man, men have been eating animals. They are lesser creatures and deserve to be subordinated, not because men are evil or because of cruelty — but because that’s what living is — the subjugation of one to uplift another. We can bear witness to this on a micro-scale all the way up.
Men are supposed to eat cows and sheep and chickens, not only because they taste good — but because the help build muscles and make us stronger — which helps us kill people who deserve to be killed. I do not expect any women reading this post to understand the mind of men. Your nature is to nurture and to be kind, and supportive, and beautiful. Men, on the other hand, despise other men who try to be beautiful and we frown upon other men who lack substance and aren’t formidable.
I can argue that BYND is a short from the very start and will barrel lower into irrelevancy. But it appears we have a wave passing over us now where men are women and women are men and upside down is sideways and gay bathrooms only serve vegetables — and anything industrious is poison. A great giant fucking psychosis is sweeping around the globe and this might help buoy BYND, at least for a while.
But eventually, like all things, men will turn vegans into dust and with it — BYND.
Good day.
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