Virgin Atlantic Soars on Takeover Rumors

Bloomberg is reporting the company is in discussions to sell itself. Since they have a deal in place with Delta, I am guessing they’d be the interested party.

Richard Branson is a brilliant businessman and knows the airline industry well. If he does in fact sell VA, the industry may be topping out. I’d trust his instincts over the perpetually bankrupt American airline industry any day of to week.

WTI should be lower by 10% on these numbers. Look at them; they’re comical.

Crude oil inventories had a build of +9.357 mln (consensus called for a build of +2.5-2.7 mln)

I’m talking my book here, short XLE from $63+; but I cannot think of a better place to put assets than to be short oil stocks here.

Ultimately, all of the gains enjoyed by the new oil mavens will be rescinded and absconded with. There are dark days ahead for all energy longs.

Short seller front runners, Kerrisdale, is out with another report–crushing the souls and net worth of SAGE shareholders.

I love these reports. They’re all very dramatic and guided towards bountiful, almost guaranteed, profits for all parties involved who knew of this report’s existence before it was published.

Shares are barreling lower, with comical spirit!

Listen to me: these people at the Fed have hard-ons,  Yellen included, to hurt you. They want to hike rates straight away, regardless of poor economic acitvity or global terrorist attacks that might slow growth.

Immediately following the Brussel attacks, Fed’s Bullard warned that the jobs market was going to overheat the economy, despite the fact that GDP SUCKS, straddled at 2%.

“We’re in reasonably good shape” with regard to monetary policy but “the odds that we will fall somewhat behind the curve have increased modestly,” Bullard, who votes on policy this year, said in a Bloomberg interview in New York Wednesday. “We are going to get some overshooting here in the relatively near term” on the non-accelerating inflation rate of unemployment “that might cause the committee to have to raise rates more rapidly later on.”

INFLATION IS THE ENEMY.

The market is discounting zero risk. The SPY is higher by 12% over 5 weeks. Crude oil is up 50%, yet nothing on the ground is indicating a jump in productivity or growth.

On these comments, the dollar is catching a bid again, helping crude drop too.

I absolutely hate stocks here and remain long TLT, short XLE.

This company is well deserving of bankruptcy. I don’t quite understand all of the smoke and mirrors that they play, with their different entities and gigantic $12 billion debt load. However, I do know the gig is up, as the company is currently in talks to renegotiate a $725 mill 2nd lien to get $300 mill in cash.

“DIP negotiation means that the company has effectively run out of cash and they get to pay their creditors ‘fair market value’ for the secured assets versus the contracted value,” Axiom Capital analyst Gordon Johnson told Reuters.

The good news is that once this piece of shit files for chapter 11, all of you degenerates out there can buy the stock and run it up, just before it implodes to zero.

Those solar panels are absolutely hideous.

They captured the third man in the picture released to the media. He is a 24 year old male whose DNA was found on all of the Paris explosives and who was stopped near Hungary in 2013 en route to Syria.

His disgusting name is Najim Laachraoui. I am sure his parents are quite proud of what they spawned, knowing he’s responsible for the deaths of dozens of innocent civilians.

The other two offal from the Brussels attack were brothers named Khalid and Brahim El Bakraoui, both of whom are now roasting in hell.

Trump won Arizona too, snatching 58 delegates in the process. I think it’s fair to say, there isn’t a chance in red hell that any other GOP candidate will beat Trump in votes, so they’re gonna have to steal it at the convention.

In my opinion, the bigger story is now on the democrat side, with the old communist, hailing from a fucking NYC sauerkraut stand, pestering H. Clinton with weak-kneed non-competitive primaries. I understand there are many socialists in America who like the old red dog. But the fact remains, he can never win. Moreover, he is wasting everyone’s time and energy by staying in the race, conveniently accepting millions in political donations while screaming and yelling about the evil billionaires and millionaires who are ironically the same people supporting his candidacy. These elections aren’t even close.

Pray tell me, why is he still accepting money?

Hillary takes 85 in Arizona and Donald 58.

This is more drivel out of the crazy man living in Thailand. You cannot believe doom and gloom is around the bend and at the same time make bullish predictions on China, let alone the fanciful world of Macau gaming.

The fuck?

Then again, Faber was hedging his bullshit the whole way. I think he was stoned while giving this interview by phone, intermittently taking large, full chested, pulls from marijuana cigarettes in between questions.

Just out now.

This isn’t your typical warning. Knowing that a warning of this magnitude will have a deleterious effect upon tourism in Europe, there must be a credible threat in Europe that is causing the State Dept to issue such a warning.

The State Department alerts U.S. citizens to potential risks of travel to and throughout Europe following several terrorist attacks, including the March 22 attacks in Brussels claimed by ISIL. Terrorist groups continue to plan near-term attacks throughout Europe, targeting sporting events, tourist sites, restaurants, and transportation. This Travel Alert expires on June 20, 2016.

U.S. citizens should exercise vigilance when in public places or using mass transportation. Be aware of immediate surroundings and avoid crowded places. Exercise particular caution during religious holidays and at large festivals or events.

Here is the full document.

I don’t have a strong opinion about this at the moment. Like it or not, an American President visiting Cuba for the first time since 1928 is a big deal. There are plenty of reasons to hate on the normalization of relations with Cuba. However, we are friends with fucking Iran and China, so the industrious people of Cuba can’t be worse.

Should Obama have canceled his trip to a moronic baseball game and departed for America to deal with the ongoing crisis in Brussels? If he was in charge, I’d say yes. But, Obama is nothing more than a face for America, wielding little to no power, nor does he give a shit to act like he cares so late in his final year in office. He’d rather be eating hotted dogs and doing the wave with the rest of the imbeciles.

But the Daily Mail begs to differ.

Here is Obama taking a few moments out of his fun filled day, in the communist utopia called Cuba, to offer his solidarity with Brussels, just prior to wolfing down another hot dog.

Appropriate or not?