June 2016

Ignore Today’s Stock Market, Watch the Smart Money

by John Galt June 28, 2016 21:30 ET Poindexter and the rest of the nerds are trying to send you a message. Can you hear them? Maybe this will help: The oversold market finally had a dead cat bounce. Why does anyone with a brain call it that? Look at the volume last Friday: Today’s “rally” was not even close to the panic selling levels nor yesterday’s volume totals. So what indicators are telling the truth about the equity markets? The smart money; which does it every time during every crash…


America’s Beloved USMC Goes 100% PC with Gender Neutral Terminology

by John Galt June 28, 2016 19:45 ET Sigh. Poor America. Our beloved United States Marine Corps has become a joke. First the panic as women failed to pass the tests to qualify for combat at a frightening 85.7% failure rate. Thus the bureaucrats are considering lowering the standards, like they did for the women who passed the US Ranger course by reducing the difficulty level to accommodate those who can not pass real time stringent requirements. Then today, the phrase “infantryman” died a politically correct death because after all, that…



Watch a CNBC Commielib Get Pissed When Former Wells Fargo CEO says He’s Voting Libertarian (VIDEO)

by John Galt June 27, 2016 20:55 ET Thank you CNBC for the priceless picture of your commielib market propagandist when she got her Hillary Mojo look on. Does she look mad to you? To me, she’s freaking furious. Why? A guest did not follow the CNBC libtard script even though he is a West coast multi-millionaire. Who pissed her off? The former CEO of Wells Fargo Bank, Dick Kovacevich who failed to answer the robotic “well Hillary is better than Trump” softball question tossed up to him. His answer however,…


RBS and Barclay’s Bank Trading Temporarily Halted due to Price Declines

by John Galt June 27, 2016 05:15 ET In what can only be called another amazing morning, the news flow on equities continues to demonstrate that the instability is a long way from over in world equity markets. With the 10 year British Gilt breaking the 1.00% yield mark for the first time in history and the sell off continuing, albeit at a much milder pace, the banking stocks of the U.K. are getting whacked again and this news did not help (via Bloomberg-TV): Trading in Royal Bank of Scotland and…


Arkanicide Rides Again: Former U.N. Official Set to Testify Against Clinton Ally Dies from Barbell Accident

by John Galt June 26, 2016 19:35 ET This story is why Twitter is so incredibly awesome as I would not have noticed it except for a Tweet crossing my timeline. John William Ashe was a former President of the U.N. General Assembly from 2013 to 2014. Nothing about his career seemed worthy of knowing about until today however, when the NY Post pushed that “conspiracy theorist” buzzer to wake all of us up who do not believe in coincidence. From the New York Post’s Page 6 this morning: Disgraced ex-UN…


06.27 Market Deathburger: The EuroCarnage Continues after Brexit

by John Galt June 26, 2 016 15:30 ET I shall keep this as a running update as trading and markets open. Needless to say, currency markets in Asia have opened and the carnage continues unabated so look for Bank of Japan and Swiss intervention soon enough. 05:00 ET – While equity futures are not indicating panic, the bond market is screaming a move into safety. This could be another long day and the key level to watch on the S&P 500 is 2020 as a violation of that figure at…


Spainaggedon Election: Pro-EU Mainstream Parties INCREASE Seats but no Clear Majority

by John Galt June 26, 2016 08:30 ET Sometimes the bull gets you, sometimes you get to sprinkle some A-1 Steak Sauce on him when he’s medium rare. Today we find out if Spanish voters are inspired by the Brexit vote to take a strong stand against the European Union’s insane bankster inspired austerity programs which are running in parallel to the banking bailout which has done nothing to help the average Spanish citizen to improve their standard of living in over a decade. Sound familiar? I shall try to keep…


Middle East Markets Hit Hard but Stabilized on Sunday after Brexit Vote

by John Galt June 26, 2016 11:00 ET The running theme in equity markets around the world has been to panic, sell, and pray for some sort of government intervention. In the Middle East that is no different except the intervention must come from the monarchies not from central banksters and indeed that is what happened throughout the Gulf Cooperation Council (GCC) nations today. The interesting pattern in all the charts is massive selling on the open and some recovery towards the close however in those nations where the royal families…


06.26 More Turmoil in the UK as Labor Party Faces Internal Revolt (Updated)

by John Galt June 26, 2016 09:00 ET UPDATE 13:00 ET – From the UK Guardian: Tom Watson, the deputy Labour leader, has issued a statement on today’s development. Here it is in full. I was deeply disappointed to see Hilary Benn sacked in the early hours of this morning and equally saddened that so many talented, able and hard-working colleagues felt they had to leave the shadow cabinet. My single focus is to hold the Labour party together in very turbulent times. The nation needs an effective opposition, particularly as…


One Dirty Rotten S.O.B. has Ruined the “Never Trump” Movement

by John Galt June 24, 2016 22:15 ET …and it is pushing me closer to just staying home this election cycle or getting drunk and voting for Trump The Never Trump movement was founded on great principles. The people who supported this movement were principled conservatives, individuals who did not necessarily identify themselves as Republicans first but as Constitutional Conservatives. Oh there were Democrats, Socialists, and other various leftists who latched on to the “Never Trump” movement in order to sabotage the conservative opinion makers within the Republican Party, but generally…


Today Brexit, Sunday Spainaggedon

by John Galt June 24, 2016 21:30 ET The political and financial elites never learn their lesson. Just twenty-four hours ago Nigel Farage of UKIP was proclaiming a narrow defeat for the “leave” faction in the Brexit election only to be surprised himself some four hours later by the overwhelming returns showing the British citizenry rejecting the bureaucratic lies and nightmare known as the European Union. Fast forward to this morning where Spain’s center-right Prime Minister Rajoy decided to act like Prime Minister David Cameron with his threats of the consequences…


Today’s Market Action was Ugly but not the Big One

by John Galt June 24, 2016 20:15 ET With much respect to the Sex Pistols for creating this song just for events like today: But this wasn’t the big market crash that the bears or for that matter, the bulls, had hoped to get out of the way. The NYSE volume was 10:1 + to the downside, but not the NASDAQ VOLUME nor the advance/declines (data via WSJ.com): Meanwhile the bellwethers are signaling trouble ahead. In honor of Brexit let us just say they are sinking like the old Great Britain…



06.24 US MARKET DEATHBURGER: Black Friday Brexit Burgers Now Being Served

by John Galt June 24, 2016 02:00 ET I have never been so happy to be so wrong in all my life. I honest to God did not think my limey crazy assed brethren had the jewels to vote for Brexit, but they did. If TPTB do not stop them through a technicality or loophole in the Parliament, then this move is nothing more than a vindication of the insanity we are witnessing in American politics where an unconvicted felon is allowed to run against a reality TV show millionaire/billionaire. Thus…




06.23 BREXIT Updates: The End of Great Britain, the Start of French Britain

by John Galt June 23, 2018 18:00 ET I remember reflecting on history at one time where I said if the United Kingdom ever succumbs to the evil lure of globalism and refuses to act proud and independent, then the Western world may well be lost. It would appear, barring a miracle, that the news will reflect a victory for “remain” and the British empire which was once a proud lion, will instead join the world community of cowardly lions which submit to every whim of the global banking syndicates. Of…


Brexit is a Big Fat Nothing

by John Galt June 22, 2016 19:30 ET Does anyone really think that this is Churchill’s United Kingdom where they stood alone in the face of the Nazi threat and kept Hitler at bay for years? I don’t. This is more of what Great Britain has become (From the UK Daily Mail, March 7, 2014): Parents fury as pork sausages are banned from the school menu and replaced with halal meat Excerpted: Parents have condemned a school’s decision to ban all pork products from the menu and replace other meats with…


Oh Hell No! Damn you Burger King, Damn you to Hell! (VIDEO)

by John Galt June 22, 2016 17:40 ET Burger King has launched evil upon this nation. Not just any evil. Cheetos evil. Not the Donald Trump Cheetos face orange tan type of insanity, but a new snack which for those of us involved in sales and management and are on the road a lot, may tempt us to see the King one more time for something completely different. This is rolling out nationwide soon and this is not funny, not in the least. I may have to visit an addiction clinic…



Monday was NOT a Good Day for the Stock Market

by John Galt June 21, 2016 05:00 ET The stock market on Monday was a lot like the Trump campaign; it looked good from the outside but when you lifted the hood it was a complete and total wreck. Yesterday was a complete and total technical disaster. Huge rally on light volume, selling into each hourly rally, then failing to close anywhere near the highs with selling into the close. This morning futures are up but once the gap is filled in the 2091-2097 range look for more selling as anyone…


06.20 Tropical Storm Danielle to Form in Bay of Campeche

by John Galt June 20, 2016 05:00 ET FYI, since there is little time for this storm to intensify and it is making landfall as a minimal Tropical Storm later today, this will be the only update on this storm. As of this update it is a Tropical Depression but per the NHC will become a storm before landfall after lunch Central Time today, thus the title.   ************************************* NHC ADVISORIES 000 WTNT34 KNHC 200849 TCPAT4 BULLETIN TROPICAL DEPRESSION FOUR ADVISORY NUMBER 3 NWS NATIONAL HURRICANE CENTER MIAMI FL AL042016 400…


Bellwether Weekly Update: AAPL & GS Clank Again this Past Week

by John Galt June 19, 2016 21:30 ET   So another week and another warning from my bellwether stocks, Apple and Goldman Sachs. There is no serious middle class consumer demand and there appears to be no desire to invest in further expansion of companies unless it is to use cash on the balance sheet to buy smaller companies like Microsoft did with LinkedIn. Thus based on futures tonight we might get a dead iPhone bounce or maybe even a better dead Bankster bounce from Goldman but in the end, the…


06.19 BREAKING UPDATE: Clarence Thomas’ wife DENIES Report of Retirement

by John Galt June 19, 2016 21:15 ET Thank you to my friends at TheRightScoop for having Farcebook or at least access to it. They have just broken the story with an update to their version from earlier where Mrs. Thomas basically says the Washington Examiner and Paul Bedard (who really is normally reliable) are full of it (via TRS): For all those who are contacting me about the possibility of my husband retiring, I say — unsubscribe from those false news sources and carry on with your busy lives. IT….


America is Over: Supreme Court Justice Clarence Thomas Considering Retirement After Election

by John Galt June 19, 2016 15:30 ET Paul Bedard, a very reliable Washington insider who reports for the Washington Examiner, dropped the bombshell late this morning: Clarence Thomas may be next to leave Supreme Court Excerpt: Should Thomas leave, that slight majority would continue if Donald Trump becomes president. If it’s Hillary Clinton, then she would get the chance to flip two Republican seats, giving the liberals a 6-3 majority. And, conservatives fear, that could switch to a 7-2 majority if Republican Justice Anthony Kennedy, already a swing vote, retires….


06.19 Latest Videos from Syria: What Ceasefire?

by John Galt June 19, 2016 14:30 ET For some strange reason the United States and Russia are trying to maintain the charade of a “ceasefire” inside the rapidly imploding war zone known as Syria. These videos from various news sources tend to dispel that myth. Where the subject matter was posted in Arabic or another language, I have used Google Translate to accommodate my readers. When a terrorist pick up truck is seen with a group of terrs in Aleppo yesterday, simply dial 1-800-KORNET!: Okay, maybe I embellished that translation…


06.18 23:00 ET – Ukraine Civil War: Heavy Fighting in Mariupol and Donetsk Tonight (VIDEO)

by John Galt June 18, 2016 23:00 ET The video above is purported to be a firefight between pro-Russian rebels and Ukrainian forces outside of Donetsk earlier this evening. Keep in mind that it is very difficult to verify the validity of many reports posted on the internet from this region but if confirmed along with the other breaking news of the evening, then the situation is deteriorating inside the Ukraine conflict as quickly as it is along the NATO-Russian border in the West of Russia. Tonight appears to be the…


“Black Lives Matter” shows their Ass Again After Orlando Terrorist Attack (VIDEO)

by John Galt June 16, 2016 19:45 ET And the morons at the University of Missouri wonder why they are experiencing revenue shortfalls, enrollment declines,  and their graduates not sought after nor being hired by serious corporations… Stupid assed commielibs deserve everything bad that happens to them.


Senator Ted Cruz Delivers a Blistering Response to Obama and the Gun Control Party (VIDEO)

by John Galt June 16, 2016 19:15 ET To all you Trumptards and RINOs, this is what a Constitutional Conservative looks like; Not attacking Americans for owning guns, not conspiring to meet with the NRA to help weaken the 4th and 5th Amendments, and not acting like a pro-Islamist leader claiming it was our hatred of Islam that caused the attack in Orlando. Senator Ted Cruz correctly explains on the floor of the U.S. Senate what the Constitution really means and why the politics of the elites is going to damn…




The US Military is Not Ready for World War III

by John Galt June 15, 2016 19:45 ET Sigh…now I really miss the 1980’s. Not for the reason anyone might think as the women were fun, the music better, and the U.S. military was recovering from it’s Jimmy Carter induced slumber. As an American citizen in that era, the threat was not from some Jihadi Joe coming to the good old U.S.A. on a student visa or refugee program here to rape or kill my wife or shoot up night clubs. In fact by the late 1980’s the biggest threat to…



MSCI will NOT Include China A-Shares in Emerging Market Index

by John Galt June 14, 2016 17:14 ET WOW! This will not help the Shanghai markets tonight and probably will cause massive tankage in Hong Kong also. Via CNBC: Key MSCI emerging markets index rejects Chinese mainland stocks, again MSCI on Tuesday said it would delay inclusion of the mainland-traded Chinese A shares in its key emerging market index. In a release, MSCI said investors needed more time to assess the effectiveness of the Qualified Foreign Institutional Investor program (QFII) investment quota allocation, capital mobility policy changes and the effectiveness of…


Did Russia Just Order a Full Mobilization of its Armed Forces for War?

by John Galt June 14, 2016 15:35 ET The news this week has been moving hot and fast in Eastern Europe as the US Military via NATO has announced that 4 battalions will be re-positioned in Estonai, Latvia, Lithuania, and Poland to counter “Russian aggression” even though there has been no direct evidence presented of an impending Russian invasion of any NATO nation. CNN covered this story yesterday: NATO chief: 4 battalions to Eastern Europe amid tensions with Russia Excerpted: Each of the battalions is expected to consist of up to…


German 10 Yr Bund Yield Goes Negative for First Time in History

by John Galt June 14, 2016 04:50 ET Just when anyone in the investing world thought it couldn’t get any more nuts than it has been, German government bonds send the most alarming signal ever with their 10 year Bund yield dropping into negative territory for the first time in history: Meanwhile, US 10 Year Treasuries are now have a yield with a 1.5 handle this morning: If the US 10 year breaks below 1.50% that usually correlates with a stock market some 10-15% below current levels. This really ties the…


If True, the World has gone Nuts: Israel and Russia Agree to Joint Military Exercises

by John Galt June 13, 2016 19:30 ET *** GRANTED THIS IS FROM DEBKA *** So take this story with a huge grain of salt. However during the meetings in Moscow, the Russian language press did mention that the Netanyahu and Putin agreed to expanded military cooperation in the Middle East to prevent Hezbollah from threatening or attacking Israel (who have now been ordered by Iran to focus on Saudi Arabia). From DEBKAfile on June 10th: First ever Israeli-Russian war game is coming Russian President Vladimir Putin and Israeli Prime Minister…



Ambrose Evans-Pritchard: Why I am voting to leave the EU

by John Galt June 12, 2016 20:10 ET In what can only be called a stunning editorial in tonight’s edition of the UK Telegraph, Ambrose Evans-Pritchard hammers it home with a stunning rebuke of the pro-European Union forces inside the United Kingdom with this editorial: Brexit vote is about the supremacy of Parliament and nothing else: Why I am voting to leave the EU Holy smokes! This is somewhat earth shattering as the conventional economic thought inside England was to remain and muddle through with a partnership both with France and…


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