The Dollar Declines After Draghi Bazooka Attack; Stocks Rally

Markets have shaved half of its pre-market gains after Draghi said there would be no more drugs offered to the market for some time. What the fuck else does the market want, his limbs? And, Iran told Moscow to fuck itself and they’re not interested in a March 20th meeting to discuss ways to support oil prices. Iran is much more interested in stealing their market share.

If you’re buying today, you have faith in the idea that the momentum can continue, which is something the market has been unable to do for almost two years. While the market is certainly making inroads into the psyche of short sellers, flanking them with a most violent demeanor. There is a distinct possibility that our Federal Reserve will reign predominately over the markets soon, ruining an otherwise effervescent rally.

When the rally comes to an end, commodity related stocks will fall into a miserable peril. Those who are long will undergo a hideous transformation, almost overnight, from sanguine to cataclysmic.

As Karl Marx strengthens in his campaign against Hillary Clinton, Wall Street can do nothing but worry and pretend it isn’t happening. On the republican side, Donald Trump is wholly intent upon trade wars with all major U.S. partners. Surely, this will have an immediate effect on equity valuations. God forbid our traitorous corporations might see their margins reduced by stifling their sweat-shop operations in Shanghai.

The euro has reversed and is now stronger against the dollar, reversing a 1.5% decline. As such, U.S. markets are buoyed and rallying again. Most notably, bonds are moving higher too.

He probably said “fuck, we’re all gonna die anyway”, just before lowering rates to a retarded -0.4% and increasing the size and scope of QE to include the purchase of corporate debt.

Source: BBG

The 25-member Governing Council, meeting in Frankfurt on Thursday, cut the rate on cash parked overnight by banks by 10 basis points to minus 0.4 percent, and its benchmark rate to zero. Bond purchases were raised to 80 billion euros ($87 billion) a month, starting in April, and corporate bonds will now be eligible. Draghi will hold a press conference at 2:30 p.m. local time.

U.S. futs are soaring.

European markets are soaring.

The euro is not soaring and is marching towards parity.

The currency wars continue.

The leprechauns in Ireland have finally found their pot of gold, cementing themselves as the hottest economy in Europe, and in the world for that matter.

Aside from growing at 9.2% in Q4, they grew 7.8% for all of 2915, led by a 16% surge in exports.

I believe they export beer drinkers.

Ireland’s economy expanded 7.8 percent in 2015, cementing its position as the fastest-growing in the euro region.

Gross domestic product rose an annual 9.2 percent in the fourth quarter, the Central Statistics Office said in Dublin on Thursday. From the previous quarter, the economy grew 2.7 percent, quickening from a revised 1.5 percent in the third quarter.

Ireland’s economy has emerged from the worst recession in the nation’s modern history.

Consumer spending rose 3.1 percent in the fourth quarter from the year earlier, government spending dropped 6.8 percent and gross capital formation increased 28 percent, the statistics office said. Exports rose 16 percent in the three months ended in December from the year-earlier period while imports rose 15 percent,

Ireland has one of the lowest corporate tax rates in the world.

This isn’t a random attack upon a Canadian asset manager, as some of you will assuredly accuse me of doing. This has nothing to do with the fact that his people burned down the White House, or was founded and constructed by traitors of the American Revolution. I promise you, this man is a moron based solely on his opinions alone.

In a quick take by Bloomberg, Dick Fogler, manager of $1 billion (allegedly), says our Federal Reserve should hike rates now…so that we could lower them later.

The fuck.

Learned men do not act out of fear. They make the best decisions that will meld into the present conditions most optimally. To preempt a recession by hiking rates now, “to give us ammo later”, is equal to shooting ourselves in the head now, based on the assumption that eventually someone in our decrepit housing tenement will do it later.

I do not intend to ever shoot myself in the head, good Sir. Mind your pees and cues, regarding American monetary policy.

Good day to you and God Bless America.

Fucking gimps.

I get the democrats hating on Trump. As a point in fact, I’d expect you to dislike his policies, as they counter your perverse ideologies. The reason why I’m so outspoken about Trump is because of the opposition within the GOP, a party that I disdain with every fabric of my life force. Their corruption and cowardly schemes are being laid bare, for all to see. They are without shame in their blatant attempts to steal the election. Their actions will, undoubtedly, destroy the republican party, which is the only silver lining in this whole mess.

Whether they like it or not, the sheep have voted for Trump. Instead of accepting this reality, in true elitist fashion, they are openly talking about rigging the primaries by ‘brokering’ the convention. In other words, if Trump gets an overwhelming majority of the votes, but falls short of securing the required ‘pledged delegates’, due to it being a 4 man race, the GOP believes they have the right to strip him and appoint the winner via ‘brokered’ aka rigged election.

No fucking taxation without representation comes to mind.

At any rate, they’ve spent upwards of $40 million trying to destroy Trump in Florida, with one retarded ad after the next. The net result: Trump’s polling ratings keep going up.

The fact that everyone I hate and despise is against Trump, proves to me without a shadow of a doubt, that he is the right candidate. It is the proverbial red badge of courage.

He’s also up by 14% in Illinois.

One does not attempt to stop the runaway Trump train. He/she gets run over by it.

With the market in melt up mode and the coast cleared of danger, the following large cap stocks represent the leaders of 2016, thus far, reconciled by percentage return.

ABX +85%
KORS +45%
BBD +41%
FCX +36%
PKX +26%
EXC +24%
TSN +24%
MAT +24%
KMI +21%
GPS +21%

Let’s recap.

A fucking gold mine, horrendously monstrous hand-bag maker, Brazilian bank, copper mine, S. Korean steel, wretched utility, meat ‘manufacturer’, the worst toy maker in the world, oil pipeline mess, and the single worst clothing store chain in the country are leading us to the path of prosperity.

Good luck.

The Marinator in Chief gives his take on the markets, suggesting we’re up against some important moving averages which might pose as an impediment to the market, henceforth. More importantly, he believes Draghi will have a difficult time pleasing markets tomorrow, as they are expected a very perverted distortion of reality: MORE EUROPEAN QE, EVEN LOWER INTEREST RATES INTO NEGATIVE TERRITORY.

Stocks are softening in the final hour of trade. But energy related stocks are still up sharply, as WTI presses its gains to almost +5% for the day.

I’ve been sitting out the whole rally, 75% cash, 25% TLT, and loving life. The fucking stock market has been nothing less than an emotional albatross for me for nearly 20 years. While my gains are only 1% for the year, the peace of mind I’ve enjoyed during this time as been priceless.

Some of you are probably wondering “what the fuck has gotten into Le Fly?” I’m not entirely certain, to be honest. I’ve been doing the same thing for two decades, professionally managing money for others, being a slave to the market. I just, sort of, woke up one day and decided to do something different. My truest passion lies in the creation and maintenance of Exodus, as well as producing content for iBankCoin. The process of creation is mesmerizing to me, as opposed to the wheeling and dealing of trying to decapitate enemies in the market.

I’ll wait until markets flag oversold. I’ll buy back in when the easterly winds howl again, people strewn out, spread eagle. I am empirically confident in the Exodus algorithms and will enjoy the time, from now until then, walking the halls of iBC, gawking at the pictures, chuckling at the mistakes of the Third Estate being played out in real time.

As for the markets: they seem fine. I see no reason to worry just yet. Markets should do well until late April.

Famed short seller of all things Chinese is voicing his opinion on the recent rally, saying it’s all horseshit, fucking rainbow vomit horseshit.

“I would say that this does feel like it is a dead cat bounce because how much more ammunition really do policymakers have?” Block told Reuters at its New York headquarters. “I just don’t know if there are that many more bullets that central banks could fire.”

The Bank of Japan’s negative rates have backfired, Block said. “You see negative interest rates introduced in Japan, and guess what, that didn’t really provide the relief that they had hoped for,” he said.

“I’ve been very skeptical about the fundamentals of the U.S. economy for a long time,” Block said. “I don’t feel that there have been permanent solutions that have been introduced.”
Block said there has been a tremendous amount of misallocation of capital, as a result of loose monetary policies.

“We knew this years ago when we saw companies issuing debt to buy back stock and pay out dividends,” Block said. “We knew that we would be at a point in a few years where when these companies were just really, maybe not mortally wounded, but seriously wounded.”

Block added: “So from a short (selling) perspective, this is a target-rich environment because of that. There are far more companies with fewer legs to stand on than they were a few years ago.”

The old “policy makers are out of ammo” schtick. Now that C. Block is running real money now, he’s become magnanimous with his opinions on all things, particularly those to do with stocks trading substantionally lower.

So surprised.

In less than 100 years, we’ve gone from industrial tycoon to fucking rainbow vomit.

Youngsters these days idle themselves with mountainous amounts of student debt whilst taking pictures of themselves vomiting rainbows. Fucking morons. We, as a society, are entirely fucked. The future is bleak.

In a move to compete with the ever famous rainbow vomit, Facebook bought Masquerade, a company fixated on stupid shit like turning the human face into a reptilian monster.

“Over the past year we’ve focused on building out more creative tools for people on Facebook,” the Menlo Park, California-based company said in an e-mail. “Masquerade has great technology to help us bring even more creative tools to Facebook, and help extend this work to video.”

Businessmen these days are so fucking creative.

Shares of FB are higher by 1% on this extraordinary news.