You Could Have Sold a Long Time Ago

Your bets were driven south today, as markets bargained with the idea of a once beautiful nation rotting away, withering into the easterly winds. As time carries on, all of the successes achieved by previous generations are slowly but surely cracked asunder — deficits to the moon, national debt heaving over and unable to sustain any semblance of normalcy.

Ladies and Gentlemen, we are in the opening salvo of societal collapse. You can see it everywhere, every single facet of Americana — from our borders to our cities to our schools and even our military. To say that it’s over is a gross understatement. It has been over for some time now and we’re simply running out the clock now. But as we sink lower into the crevasse of ruin, we lash out with anger and malice, exaggerate our might through words and gestures — attempting to conceal the hallow interior that we all know exists due to negligence and grotesque corruption.

All of the problems in America could be fixed, if only we had patriots who worked for the glory of America led her. Sadly, this isn’t the case now and will not be the case tomorrow — as we are prisoners to foreign interests, foreign wars — captive to internal deterioration thanks to the weakest leadership in American history.

As for markets — we cascaded into the close amidst aggressive selling — older hedge fund managers drinking themselves into oblivion — tipping over and out of windows — free falling directly to hell. I closed +121bps for the week, now presiding over gains of 1.5% for October. I am positioned into Monday accordingly: short the NASDAQ, short bonds, long volatility, long gold, long oil, and long Bitcoin — which has once again proven to be incredibly defensive in a market wrought with perils.

Here is the gameplan.

The hedge funds must feel the pain in order to truly collapse the market. In order to do this, we must hit them where it hurts — where they’ve been safe.

3 Month Returns for FAANGT stocks

$META +2%
$AAPL -10.4%
$AMZN -3.5%
$NFLX -8.7%
$GOOGL +13.6%
$TSLA -19.5%

The answer is simple: we must destroy The Facebook and Google corporations — aka Meta/Alphabet. Both companies are run by malicious government bootlicking tyrants who use their wealth and power to hurt Americans. As such, the favor should be returned to them, in kind.

With the war in Israel escalating, I don’t see how markets can rally today. We are deeply oversold and it’s all very grim out there — but let’s be honest — this is nothing. The $IWM is off by 5% for October and the NASDAQ is flat. We’re going to need a much redder October if we are to bottom heading into the holidays.

The plan for the balance of the day is as follows: trade small and try to avoid being tricked and fooled by the money changers. Position in defense stocks, gold, Bitcoin, short semis, short small caps, short NASDAQ, short bonds — buy oils. I will keep 30% cash for eventualities and execute most of these trades after 2pm today.

Presently, I am in $LMT at 10%, $JNUG 5%, and $SOXS at 5%, the rest cash — +50bps.

All of my friends in the business are clinging onto their longs — hoping and praying peace breaks out and markets are relieved from the tragedy unfolding before you. Over the past 24hrs, American troops were hit in Syria, Iraq and off the coast of Yemen. Due to mismanagement in artillery procurement, the US had to divert munitions away from Ukraine in favor of Israel — as they set upon a long arduous battle that will encompass all fronts, placing the two American strike groups in danger of reciprocity from the axis.

It’s important that you understand the backdrop of this market to be able to peer into the future. Over the past several days, I feel as if my psychic abilities have returned to me — enabling me to profit from the doom with outsized gains. I methodically traded with acute precision, both long and short — closing +115bps — at motherfucking session highs — as it is my right to do so. Long ago, I embraced the fires and saw to it to become immune to them. As I aged and learned more about the world, I became an advocate for them — yearning for a great reset to unseat the evil that presides over us.

A great cataclysm has cast itself over this market — bulls are both forlorn and cockless — reduced to catamite status hoping for reprieve.

Listen to me now, volatility closed upwards of 20, oil higher by more than 2%, and the US 10yr near 5%. The armies of the bear are in control of the tape now, laying siege to the transgendered bulls who hide behind their pickets afraid to look outside into the foggy hordes of retribution.

My prediction for Friday is for sharply lower prices, accompanied by, but not limited to a spike in volatility. I am long oil, gold, Lockheed Martin, short bonds, short small caps and most adeptly along the ride for the upwards trending volatility index — based upon my theory that put buying, very soon, will become all of the rage on Wall Street.

Good day.

The NASDAQ had been +100 when the Fed starting to talk and after he opened his mouth — a bolt of lightening struck down on investors, all but evaporating any semblance of a rally.

If you don’t use it — we offer a free newswire powered by X.

In summary, Powell doesn’t know how we’ll grow with such high rates. At the same time, he doesn’t think we’re too tight. Those two statements might appear to contradict one another; but in clown-world they’re apropos.

I took the plunge lower to close out my shorts, victorious once again vs the semiconductor cabal.

The NASDAQ is -50, washing 150 points in little more than 10 mins of trade. This is easy stuff.

I have but one position left and it’s $TMV — based on the rate environ. We are now at 4.99% on the 10yr. I feel it is all but assured we sprint past 5% and soon.

On the long side, into the final hours, I might dabble in some oils.

+51bps midway into the storm.

I was awoken to the sounds of triumph. My concoction of longs and shorts producing a symphony of beautiful music. For whatever reason, markets bid up large cap tech like $NFLX $AMZN and $CRM, whilst ravaging small caps.

Select oils traded up as oil itself traded down and volatility compressed lower. I had been up more in the pre market but settled my affairs +55bps at around 10am, just before markets truly took a sharp turn higher, once again tricking me into some longs. It soon COLLAPSED on me like cheap lawn chairs, at which point I churned myself and now only have shorts and barely any gains, +15bps.

This is a somber story so far, about a man attempting to preside over the fall of western finance as we know it. The allure of stocks and their proclivity to both trick and fool — keep me on edge. You never can tell if the Fed will come out and Jimmy the NASDAQ higher by 300, foiling all plans to crush the markets.

Being a bear is a very tumultuous and contentious job — but I feel that I’m up for the task.

Breadth is at a paltry 40%, but not terrible. SAAS and FANG stocks are strong, while biotech and everything else weak. My shorts are $TZA and $SOXS — because weakness is found in the small caps today and fuck the semiconductors.

The war in Israel is on the verge of spilling into neighboring Lebanon, at which point one could presume Iran will get involved in a tangible way. Under this pressure, it’s hard to see how the governments of Egypt and Jordan can remain friendly to Israel, in spite of how many dollars we send their way. Israeli relations with its neighbors have been set back 40 years in recent weeks — and in that regard — the attacks by Hamas was successful.

We now find ourselves, as Americans, on the verge of committing to a fully industrialized war in Ukraine against Russia and a new one against Iran. Our capacity to undertake both wars is possible — but not under present conditions — which is why I believe the government will adopt a war time economy of production and perhaps the first peace time military draft since world war 2.

People who think these are crazy ideas are not looking at the dwindling stockpiles and lack of men in the military, a vast emptiness of capabilities produced by decades of supremacy. The world is changing now and the great industrial might we once enjoyed has been given to China. The idea we could fend off a Chinese attack on Taiwan, Russians in Ukraine, and Iran in Israel all at once, given our paltry means of production, is performative art.

Markets have been pricing in this gloom for the better part of the last three months — you chose not to listen. As you survey the rubble of your portfolio and wonder where it all went long — know this: You are stupid from birth and didn’t have any choice in the matter. Feel free to prance about in your rainbow uniforms and uphold the depraved elements of our society as serious people attempt to fix what they know is broken.

For the session, I enacted revenge and netted +123bps, in aggressively sized positions — betting against the market and long volatility, war, gold, and oil.

My prediction for wayward downside action immediately, followed by a selling crescendo and panic. America is in crisis and there is nothing you can do to stop it.

Listen up Jack —

Aside from $GOOGL, $ADBE and a few large oil and gas stocks, I cannot, for the life of me, find a bull market.

SO WHERE THE FUCK IS IT?

I hope you realize that 2022 was DOWN 35% and if we blow 2023 and plunge into the final months of the year — hell will break loose across the landscape. I’m not sure what that means or why I said it — but I like the way it sounded.

All I want is for a 50% cut in home prices, unemployment ratcheted up to 12%, and municipal cash calls with a stock market back down to 2008 lows. Is that too much to ask?

Fortune smiled upon me this morning, so I took it. I cleaned out my account, both shorts and longs, and netted 78bps. I decided to walk away from the computer and the market shenanigans — but to come back for the late afternoon session in order to extend my returns and prepare for tomorrow.

Whilst you might be elated to see markets lower, there isn’t anything significant about October so far. Both the NASDAQ and $SPY are higher and the $IWM is off by 2%. However, we do have the US 10yr climbing to a terminal level of 5%, now at 4.88%. And we are seeing gold breakout, which is always a sign of looming doom. But I cannot be a serious person and at the same time tell you markets are heaving over to crash, while all dips are bought and shares of $GOOGL remain, obstinately, near highs.

Listen to me —

I will not mince words or waste time to elaborate exactly what my stated mission is to do during this lifetime. The semiconductors crushed me again — this time on the long side. I entered into the session long the semis for a trade and was forced out at an egregious loss — only to bear witness to it climb almost all the way back to breakeven before once against descending lower into the hot oils.

My crusade is a blood feud and although I have just 5% of my book short the semiconductors, I will never forget this day — when Joe Fucking Biden banned sales of AI chips to China to coincide with my long position — I knew then and there what my purpose was and it is to preside over the total annihilation and destruction of the semiconductors.

Just before the market close, the war in Israel escalated, as Two American aircraft carrier strike groups consisting of over 200 warships and 10,000 American servicemen loom in the Mediterranean. Whilst this is happening, Putin met with the President of China — further solidifying their alliance in opposition of American hegemony.

It’s all happening now and although the transgendered bulls prance about the market without a care in the world — a great doom beckons — a domino effect that will entangle all people making you rue the day when all you had to worry about was psychopathic people telling you to inject your babies with poisonous flu vaccines.

I ended the session down 80bps, forlorn and downcast — melancholy over the what could have beens and the dreams shattered before me. I used this energy and turned it into anger apply this animus as a motive to inflict harm upon the people I hate. Right now, I hate the people who work inside the foundries and the people who make my computer go faster. I hate the gamers and the Bitcoin miners and anyone else who relies upon the evil incarnate semiconductor cabal.

I seek vengeance and resolution and have grown weary of waiting for my fortunes to turn. I’ve been flat to down in this market for the better part of the last 3 months; but it feels like forever. Good people deserve good things and I am the best person that I know. So it would be a terrible sacrilege to deprive me of my rights, by natural law, and I shall work harder now to attain it.

The news of the Biden regime restricting sales of chips to China hit me directly in the nuts, as I happened to be long SOXL into the open. I ended up booking the loss to start of my day over a cup of coffee. I also took losses in other stocks, bought a few others, did a general reshuffling and added a hedge. In short, I am off 77bps at the open and it’s all Biden’s fault.

A few things to consider this morning:

Iran is threatening Israel

Ukraine hit a Russian airbase with American long range ATACMs

Hungary’s Orban met with Putin in China

Putin is meeting with Xi

Biden is heading to Israel

War looms

The NASDAQ is off by 175, but small caps are up because the losses are concentrated in large cap exporters, whereas the small caps are mostly domestic. Nonetheless, expect the selling to accentuate and exaggerate into the afternoon session.

My book, for the record, is mostly long with a 16% $FNGD hedge, allocated in defense, oils and several higher beta stocks just in case we rally.