Thursday, December 20, 2018

Equities: Checking In With The Fly

From The Fly at iBankCoin: 
"You’re Truly Undeserving of Le Fly"
Roger that, undeserving, unworthy, over.
Thu Dec 20, 2018 1:10am EST
How many times do I have to demonstrate a keen ability to call extreme market conditions before you shut the fuck up and heed? I remember when I told you to board the ark in 2016, amidst market tumult, the sort of tape that made people want to kill themselves, presiding over the LARGEST DIRECTIONAL MOVE IN US TREASURY HISTORY — and all I got from you — the clowned out peanut gallery unsophisticate, lemons — only after, by the grace of God, the market rallied post Trump election win.

For the entirety of 2016, you bozos were blowing up in spectacular fashion, up until November. Then you were awesome again.

If I link back to the blogs of 2012 and 2008-2009, I can show you depravity on a wanton scale — men in the comments section promising to suck themselves off based upon inane market rally calls. I’ve been doing this a long, long time and have always, and I mean always, come out on top. Quite literally, no one that I know here or in real life has ever been able to make market calls like me. This is not an exercise of self-aggrandizement, but instead a grape shot across your bow. The disgusting and filthy comments you make injure me, both physically and intellectually. I recoil out of disgust when I read them and would prefer you cease offering financial advice immediately.

There is only one Le Fly, the voice in finance that this generation deserves. You’re merely a reader, a very low and depraved lifeform, moving to and fro without purpose — built for ribald failure and gauche theatricalities. Do yourselves a favour and listen moar, talk less. 
Up early, I see. Anything else?
Thu Dec 20, 2018 9:42am EST
Good morning lads.
Here is this morning’s bad news.
US and allies will soon condemn China for stealing IP. Rod Rosenstein will be naming names soon.
Legendary hedge fund manager David Tepper said the Fed told Wall Street “The Fed put is dead” and suggested moving to cash.
And perma-bull Bob Doll from Nuveen said the Fed went from “huge friend” to a “bit of an enemy.”
Lastly, oil is down 3.1%.
I know you’re looking at the market, thinking “this isn’t so bad.”
Let’s me stop you right there.
Oil is down 3.1%.
More importantly, HYG is sharply lower again.
DO NOT CATCH THE KNIFE. You’re gonna get cut.
Dec 19, 2018 4:02pm EST
High Yield Blows Out; Stocks Drop Dead 
Wed Dec 19, 2018 7:57pm EST
US Petrol Banks Routed; CLO Issuance Collapses into Worst December Since 1931

There we go, credit collapse.