The Snowball Manifesto (XLE,AAPL,TSLA)

The Snowball Manifesto (XLE,AAPL,TSLA)   Here at Normandy we believe that the dichotomy purported to exist between the so-called ‘Globalists’ and those who consider themselves part of the “Liberty Movement’, is a false one.   Yes, there are those – from both the right and left of the political spectrum – who believe that economic and political power should be concentrated in the hands of a few elite superiors.  We call them ‘Globalists’.  And their motto is ‘Trust your leaders’.   Then there are those who believe that power should be decentralized to the greatest degree possible, even at the expense of many long-established, well-run Washington-based entities that serve the common weal and boast a…

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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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Buy Me a Gift! (TSLA,XLK,FAS)

Buy Me a Gift! (TSLA,XLK,FAS)   There’s nothing more disheartening than having to remind someone it’s your birthday.  Not just anyone, of course, but someone who’s supposed to know and has forgotten.   Why?  Because it puts you in the awkward position of making someone else feel awkward for the purpose of getting something from them. Face it: there are those who will certainly forget, those who you HOPE won’t forget, and those whom you can’t under any circumstances LET forget, because THEY can’t afford to – they’ll feel worse than you if they’re not reminded.   And there the trouble begins…   Here at Normandy – birthday or no – we feel it’s our…

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California Here I Come! (TSLA)

California Here I Come! (TSLA)   There’s an old saying that goes, “Change your address, change your luck.”   And for most of those who took up the call and ‘went west’ back in the day, those words held true enough.   As the Midwest and California opened up and were populated by newcomers eager to turn over a new leaf, so, too, were many new fortunes made.   And there’s no reason it should be any different today – even though the ‘frontier’ no longer exists per se.   There’s still plenty of life to bring to many a forgotten and less trodden path.   A New, Old Path   We’ve written in this…

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Normandy Brass Indicted for Deep Sea Slave Ring! (NVDA,TSLA,GDX)

We’re going to lead off today with a recap of our year-end predictions from Stock Market Superhero, our annual foray into the dark arts, in which we dipped our Ouija boards and crystal balls into our witchy Normandean tea leaves to offer you our best thinking on the last half of the year.   In this installment of Wall Street Elite we report on just how accurate those predictions were.   And we lead off with the Dow.   Our prediction for the grand-daddy of all indexes was…   On the Last Day of 2016, you can expect to see the Dow Jones Industrial Average to be cruising in the vicinity of 20,000, though we’re…

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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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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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Keel-Haul the President! (FB,TSLA,KOL,SPY)

Truth is, we get a little P’d-off every time this quadrennial drama of presidentiality falls upon us.   The reason for the ire is part philosophy, part real life, and we’re going to take a moment to explain it to you.   For starters, know it well – any time someone appeals to you about the need for all of us to be ‘brothers’ or to ‘stand united’ or any other such drivel, they’re almost always looking for someone to take orders.   Their ideas, their orthodoxy, and your backside … to take the whip.   It’s an iron rule, and you should run as fast and as far from these people as you can. …

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Sell Everything! (SPY,GDXJ,GLD,TSLA,GM)

We had a very strong sell day on Friday, and much of the ink that was spilled over the following days was dedicated to convincing us that the blood is only beginning to flow.   But is it really time to break out the cautery?  Grab the gauze box and squeeze the wound?   Time to throw on some cayenne pepper, maybe?   Ho, ho…! MY. GAWD.   Before we get to the answer, consider some arguments in favor of the continued grand selloff hypothesis –   Investor Complacency   Some swear by it, but we don’t see it, frankly.  The AAII numbers that we watch show a very frightened Ma and Pa investing cohort…

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Commodity Revolution (KOL,TSLA)

There’s something happening in the commodities, and the time is ripe to address it.   But first, we close a trade.   On July 12th we recommended you sell the TSLA July 29th 215 PUT for $5.25.  The letter was called Smoke, Fire and Mirrors, and a right blaze of a trade it was!  Today, the same option can be repurchased for $1.79.  Do it and you come away with $346 net.  That’s 193% in two weeks.   BALD COOL!   Now back to the commodities.   We’ll start with oil, where a great deal of action, first bearish, then bullish, has been occurring for roughly two years.  Here’s a chart of the yucky stuff…

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