GEORGE SOROS SHORTED MGM SHARES, MGM CEO SOLD 80% OF HIS MGM SHARES WEEKS BEFORE VEGAS MASSACRE

NEWS AND VIEWS FROM THE NEFARIUM OCT 19 2017

That sounded like some stressful times. I’m not sure what you were talking about how 10k saved you though less you caught a bounce or went short in the fall. That’s why people should never be all in no matter how good it looks.

it wasent just portfolio insurence (derivatives)….It was James Baker.. Reagans Sec of Treas got into a “Mexican standoff” with Germany over trade issues and Baker told them he was going to let the DOLLAR “FLOAT” ..which meant fall (devalue) and Germany started a sell slide  and became a waterfall in two hours….   WE face the same possibility today with NAFTA  ! etc…

it  was the day I got a $250,000 margin call ….I owed my broker $850,000..

I had 4 kids in College ,a $50,000 mortgage   ….and it was all gone for two weeks..The house,the car ,the boat ,the savings,and the business

Then I had an idea ?  I had $10,000 put away for a payment I had to make that I owed a company ..I decided to use it to possibly buy some time.

I had a wonderful broker who was in the same situation I was in.  WE decided to try to buy some time by using that $10,000 .I had 2 hours to get to the Bank and wire the money to the broker …I did it and that two hours kept me from bankruptsy..It bought some time with the broker…To make a long story short in the next three months I got a bounce back and started raising cash and in three months paid off $850,000 in margin ..all of it….

I went short against the box to get me into the next year 1988 and by February ..I called the broker to send me $54,000 ..He said if you dont mind me asking ..After all you been through “what are you going to do with that money”..?  “I said im paying off my mortgage ” ..I had the money in two days and stayed out of debt for the next 30 years…..YES with $10,000 I paid off $900,000 of debt in three months…..Hows that for some fancy footwork ?

The next month I called the broker and all I got was silence on the other end of the line…a voice said “dont you know “?   I said whats wrong ?

she said Wesley died(my broker of 25 years) ..I said oh my God what happened..She said he had internal bleeding and they couldent stop it…

I was crushed !….I felt some guilt because I knew it was his effort to keep the firm from selling me out at the bottom that saved me…!  He had his money all in and his mothers and it was just too much for him….

Doesn’t matter what happens overseas or anywhere else.

The VIX will continue to get crushed along with pm’s and the DOW will always go higher.

Yellen said never another crisis in our lifetimes – I believe her

He had been laid off late in his career , and evidently put his entire severance package on the market that ‘couldn’t’ pull back .

It did .

He ended his life that evening . May he rest in peace .

Reminds me when the first Brits stepped ashore in Australia, they pointed to an animal and asked the locals “what is that thing?” The locals responded with the word for “I can’t understand what you’re saying”. That word is “kangaroo”. Lost in translation, just like every “market” pundit today trying to translate what he learned looking at something for 30 years, when now he’s looking at something entirely different and doesn’t even know it.

No Vol And No Volume – Even The WSJ Questions Equity Melt-Up

by Tyler Durden

Oct 19, 2017 2:55 PM

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It’s encouraging to see that one mainstream media outlet questioning the recent market melt-up which wasn’t just notable for the lack of volatility, but also a severe lack of volume. The new normal seems to be “No vol and no volume”, although we saw a bit of a regime shift today, before the normal reversal.

http://www.zerohedge.com/news/2017-10-19/no-vol-and-no-volume-even-wsj-questions-equity-melt

signing in this capcha thingy dont work right

crack in the dam today…we MUST see what happens tomorrow-a bear set up would for the indexes to rally out of the box and then roll over after the 1st hour or so

I want to see how Asia does tonight and europe tomorrow–they do NOT have to be down a lot-I will definitely be looking to buy the QIDs tomorrow depending how the opening 30-60 minutes look–remember, the mkt has not been “able’ to print red for more than 3 minutes…in other words we want to see a change of character…

http://www.newgold.com/investors/NewGoldNews/PressReleaseDetail/2017/New-Gold-Achieves-Commercial-Production-at-Rainy-River-Mine/default.aspx

Good call…what they did to the Vix is terrifying…it was trading at 150 on 19 Oct 1987…tdy is 10 !!!!!

Tdy was a as good as it gets…World mkts were scared coming into the US open…yet by the end of the day it was all a non event.

Just check out the Hourly Vix…that panicked up 17 % at one point yet ended down 5 pips….so all those Vol sellers ended UP on the Day.

As for the Crash….well Dow and S&P closed at new record Hi’s and the joke mkts sail on oblivious !!!!!

Yep. Took a little longer than I thought to bring the DOW back and slam the VIX – and of course make pm’s and shares look weak.

It’s been a long time since we’ve had any real markets

Now we wait for new record closes in Dow and S&P….might be a big ask top get the Dog plus…but unlimited Hookers and Blow is a large incentive to the scum.

Here’s the documentary trailer.

Not saying that they couldn’t use a weapon to start a fire but people witnessed a man starting fires and nothing was said about it. Why, because he was identified as Hispanic. Finally after enough calls from witnesses they caught the man or one of them AFTER so much damage was done and 40 people killed and no telling how many both domestic and wildlife. They probably didn’t want it getting out as a self proclaimed sanctuary state he was a illegal on a hold list with immigration they are ordered to ignore.

Something else might be going on besides Barium, etc all being dropped on us. My Spanish is real rusty now after leaving LA so many years ago but watched a documentary in Spanish themed making war on the people. In Columbia they are spraying the fields ” from the air” with glycophosphate! It’s poinioning the people and children with horrific rashes and sores all over their body. The reason is so called war on drugs to kill the cocoa plants and in the process killing people foliage and affecting all wildlife. With the dying of bees and insects who knows what they’re spraying here. One guy said tobacco is killing more people than coke so how would we like it if they flew over here spraying the cancer causing chemicals on us? They probably would if they made it illegal. Anyways point is who knows what they’re dropping on us anymore, maybe more than we know.

The problem is that insects are a major part of the Earths food chain, as well as the earths pollinators …..so I wonder how many other species are being reduced and eliminated as a result of what man is doing?  It’s mind boggling!!

Like the Twin Towers, Oklahoma Bombing, Robbin Williams death, etc. That’s why they are showing this new movie trailer which predicts what is to come. I did not clock when it starts but what you watched was pretty short, and after that it is one thing building on another until they report on many people seeing the blue lights of the DEW in the sky as the fires started and intensified. I’d say skip about the first 1/4th of the video and maybe also about the last 5 minutes and you’ll get most of it.

Plus all the insecticides, fungicides and what all else. A sort of foreshadowing?

What is the “carrying capacity” of the Earth? Some say there is some say there isn’t.

bbl