Washington Redeemed! (AAPL,EWP,CBOE,FB)

Washington Redeemed! (AAPL,EWP,CBOE,FB)   Never were fans of big government here at Normandy.  Don’t think it’s good for the overall health of the nation, nor for its better management or even for its longevity.   Never trusted it.  Always figured the goal was to put everyone on the payroll and then force feed them worthless currency.  Where else are the buzzturds gonna turn for a buck?!   Nope, always preferred the local brand of self-governance – really local! So the thought of someone – an outsider – coming to the big house ready to do battle with the forces-that-be was intriguing.  But whether Senor Trump actually fits that bill remains an open question.   We’ve…

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The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)

The Lord Giveth… (QQQ,DIA,VOX,HYG,CBOE,KKR,FB)   It’s hard to find anything negative to say about a market that has been on an even-keeled, upward trajectory for the last eight years.   You can mock what underpins its strength, you can deride the foolishness of those who’ve made millions just buying and sitting put, and you can wail like a newborn over the fundamental and technical excesses that are sure (eventually) to rock the very foundations of the financial edifice and send the global economy off the edge of the planet. And eventually, we admit, you’ll be right.  The fun will come to an end.   But it’s far more likely to be a jagged up-and-down affair…

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All Hail the Dipstick Trade! (FB,PRI)

All Hail the Dipstick Trade! (FB,PRI)   Just to get a sense of how ridiculously slap-happy bullish the market for tech stocks has become, we offer the following look at the PowerShares QQQ Trust Series (NASDAQ:QQQ), a proxy for the NASDAQ 100, for the last two years.   What’s m0st striking about the chart, in our view, is the index’s price action in relation to her moving averages.  Have a look – This is amazing.  The last time the QUBES touched their 137 day moving average, indicated by the blue arrows, was back in July 2016 (black circle), and the last time they spent more than a few weeks below that marker was in May…

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WAR! All the Latest Bellicosity and Bombast! (SPY,C,FB,DIA,IYT)

WAR! All the Latest Bellicosity and Bombast! (SPY,C,FB,DIA,IYT)   North Korea, friends.  It’s all about North Korea.   What do we mean?   Well, in the first place, you can expect that the news cycle is about to be dominated by that nuclear-tipped maniac, Kim Jong Un and his merry band of scribblers for the next couple of months, as the move toward a full scale erasure of the wicked Northern Kingdom is hatched, plotted and executed.   Already we see signs that, at the very least, the stage is being set for a negotiating turn of the screw the likes of which haven’t been seen since Bold Boy Arnold threatened the entire stickball crew…

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The Scent of Ascent (FB,C)

The Scent of Ascent (FB,C)   We’re going to start this week by claiming unapologetically and without any shame that tech stocks – particularly those sexiest FANG names – are about to spear the meat and offer a taste sensation that will be remembered by the longs for years to come. Here’s the setup.   First, earnings season is now underway and expectations for the quarter have been revised drastically lower.  Between storms and their damage and the effect they’ve had on employment and agriculture and tourism and the like, Wall Street believes aggregate earnings numbers will be far inferior to what was initially expected.   And that could bring a blessing.   Should there…

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Breaking Bulletin Bids Buyers Beware! (GWW,TYL,AOBC,FB,TSLA)

Breaking Bulletin Bids Buyers Beware! (GWW,TYL,AOBC,FB,TSLA)   This just in – earlier this week, one of our key indicators flashed a supernova warning.  It was our own ‘Volatility Compression’ marker, which we discussed at length only six weeks back in our Buy Everything Now! missive, a letter we’re sure you’ll agree both enthralled and captivated. In any event, the VIX (along with two other, equally important market readings) offered us what might best be described as a high probability pullback signal.   No, we’re not headed for the woodshed, and we’re not placing calls to next of kin.  But we are issuing a fitting warning that we could experience a short, sharp pullback (at least)…

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Hey, Gold Bug! Welcome to the Inferno! (GLD,TSLA,GS,XLF,FB)

It didn’t take long, that’s for sure.   Once the mighty Trump landed in the White House, it was time for Quinn the Eskimo and his merry band of goldphiles to turn-tail and run.   Apparently.   And while we may see a bounce here in the precious metals near-term, the fires of hell are only now being stoked for gold lovers – may they endure their agony gracefully.   Either that, of course, or they can sell. We had a friend several years ago who refused to heed our warning about an imminent selloff in the PMs.  He had just loaded up on silver as the metal was topping, and we warned him strenuously…

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CONFIDENCE RETURNS! [MONEY FOLLOWS] (GS,GDX,IYT,FB,UUP)

Not even Donald Trump shoots from the hip like we do at Normandy.   You will not get any straighter answers delivered on things that matter, without all the blather and hype, as you do here.   And more than that, you get it with a dash of humor, too!   So count yourselves among the luckiest, and possibly richest sons’a’birches in the investment world.  And all thanks to us.  The planet’s wisest and humblest newsletter publishers. You’ll remember that some three weeks back we tipped you off regarding the market’s likeliest reaction to a Trump victory vs. a Hillary win.  We even drew a picture for you that the bigwigs in management decided to…

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Facebook DeFANGed (FB)

If we were uppity and boastful, we’d say something like, ‘It’s all unfolding exactly according to plan.’  But those words feel more like a comic book villain’s than our own.  So in order to avoid coming off two-dimensional and making a laughingstock of ourselves, we’ll just say that we’re still that same group of chipper, brilliant prognosticators you always knew, and you’re damned lucky we don’t charge you more for the service.   ARSE!   That said, we’re of course talking about Facebook, and their extraordinary fall from grace last week, a development that we’ve noted in the charts for the last three months, that we’ve recently written no less than three trades on, and…

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Hillary Dumping Arsenic in Orphanage Drinking Water! (FB,TSLA)

The war is on.   And not only is our water muddier for it, our minds have also gone fuzzy.   We won’t make light of these elections; there’s obviously a lot at stake here.  And though it may not make a tremendous difference for the country fifteen or twenty years down the road, at this moment the differences between the two candidates couldn’t be starker.   They may never have been.   In fact, as far as modern democracies go, it’s not likely since Juniper Redbottom defeated Harryass Chewman in the Canadian federal elections of 1871 that such a wide chasm existed between competing platforms. As many may already know, that election was later…

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