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Mon, 27th March 2017

Anirudh Sethi Report

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Archives of “California” Tag

Senator Hints That Trump May Resign: “I Think He Is Going To Get Himself Out”

It’s no secret that there is a concerted effort underway to do everything possible to remove President Donald Trump from office.

From Russian ties to business conflicts of interests, both Democrats and Republicans are actively working to find chinks in the President’s armor.

But for those with hope of change in their hearts, Democrat Senator Diane Feinstein says there is a possibility that Trump will eventually remove himself from office by filing his own resignation.

Speaking to a crowd during a town hall-style Questions and Answers session, Feinstein was asked how Congress is going to deal with Trump’s alleged illegal activities:

 Journalist: We don’t know what’s happening but we know that he is breaking laws every day, he’s making money at Mar-a-lago, he’s getting copyrights in China, he has obvious dealings with Russia, the Dakota pipeline… there’s some many things that he’s doing that are unconstitutional… how are we going to get him out?

 Feinstein: We have a lot of people looking at this… Technical people… I think he’s going to get himself out… I think sending sons to another country to make a financial deal for his company and then have that covered with government expenses… I think those government expenses should not be allowed.. we are working on a bill that will deal with conflict of interest… it’s difficult…

Videos of Feinstein speaking to what appears to be a local press pool of reporters and protesters appear below. You can jump to 1:30 in the first video to listen to Feinstein discuss Trump’s conflicts of interests, or watch from the beginning to hear Feinstein’s response to how her husband’s firm directly benefited from bills she voted into law, proving once again that the hypocrisy of socialist Congressional representatives from California has no bounds…

Part 1:

Part2:

Cisco Systems to lay off about 14,000 employees: CRN

Cisco Systems Inc (CSCO.O) is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company.

San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization. (bit.ly/2bEQfa3)

Cisco, which had more than 70,000 employees as of April 30, declined to comment.

Cisco increasingly requires “different skill sets” for the “software-defined future” than it did in the past, as it pushes to capture a higher share of the addressable market and aims to boost its margins, the CRN report said citing a source familiar with the situation.

ALERT : USGS Reports M4.7 earthquake near Los Angles

USGS reports earthquake near Los Angeles

That’s a small one but you never know if it’s a prequel to The Big One. It’s been just over 12 years since the Indian ocean earthquake and tsunami.

The epicentre is reportedly 4km SW of Devore, California at a depth of 5.6km.

NASA Warns: 99% Chance Of At Least A 5.0 Quake Hitting LA Within 30 Months

As CBS LA reports, JPL experts predict a possible 5.0 magnitude quake in Los Angeles, but say it very well could be stronger. 

JPL geophysicist Dr. Andrea Donnellan, along with seven other scientists, has been using radar and GPS to measure Southern California’s chances for a sizable earthquake, and has made a sobering hypothesis about another big one.

“When the La Habra earthquake happened, it was relieving some of that stress, and it actually shook some of the upper sediments in the LA basin and moved those a little bit more,” Dr. Donellan said.

However, according to Dr. Donnellan, those strains remain, with enough power to produce an even larger quake in the same epicenter in La Habra.

“There’s enough energy stored to produce about a magnitude 6.1 to 6.3 earthquake,” Dr. Donnellan described.

The new NASA-led analysis of a moderate magnitude 5.1 earthquake that shook Greater Los Angeles in 2014 finds that the earthquake deformed Earth’s crust across a broad region encompassing the northern Los Angeles Basin and northern Orange County. As Fox LA adds rather ominously, 

 The shallow ground movements observed from this earthquake likely reflect strain accumulated on deeper faults, which remain locked and may be capable of producing future earthquakes.

Book Review : Jesse Livermore: Boy Plunger

71bdRlXbWuLThis is a story of triumph and tragedy.  Jesse Livermore is notable as one of the few people who ever made it into the richest tiers of society by speculating — by trading stocks and commodities — betting on price movements.

This is three stories in one.  Story one is the clever trader with an intuitive knack who learned to adapt when conditions changed, until the day came when it got too hard.  Story two is the man who lacked financial risk control, and took big chances, a few of which worked out spectacularly, and a few of ruined him financially.  Story three is how too much success, if not properly handled, can ruin a man, with lust, greed and pride leading to his death.

The author spends most of his time on story one, next most on story two, then the least on story three.  The three stories flow naturally from the narrative that is largely chronological.  By the end of the book, you see Jesse Livermore — a guy who did amazing things, but ultimately failed in money and life.

Let me briefly summarize those three aspects of his life so that you can get a feel for what you will run into in the book:

The Clever Trader

Jesse Livermore came to the stock market in Boston at age 14, and was a very quick study.  He showed intuition on market affairs that impressed the most of the older men who came to trade at the brokerage where he worked.  It wasn’t too long before he wanted to invest for himself, but he didn’t have enough money to open a brokerage account, so he went to a bucket shop.  Bucket shops were gambling parlors where small players gambled on stock prices.  He showed a knack for the game and made a lot of money.  Like someone who beats the casinos in Vegas, the proprietors forced him to leave.

He then had more than enough money to meet his current needs, and set up a brokerage account.  But the stock market did not behave like a bucket shop, and so he lost money while he learned to adapt.  Eventually, he succeeded at speculating on both stocks and commodities, leading to his greatest successes in being short the stock market prior to the panic of 1907, and the crash in 1929.  During the 1920s, he started his own firm to try to institutionalize his gifts, and it worked for much of the era.

Seven Key Events That Are Going To Happen By The End Of September

Is something really big about to happen?  For months, people have been pointing to the second half of this year for various reasons.  For some, the major concern is Jade Helm and the unprecedented movement of military vehicles and equipment that we have been witnessing all over the nation.  For others, the upcoming fourth blood moon and the end of the Shemitah cycle are extremely significant events.  Yet others are most concerned about political developments in Washington D.C. and at the United Nations. 

To me, it does seem rather remarkable that we are seeing such a confluence of economic, political and spiritual events coming together during the second half of 2015.  So is all of this leading up to something?  Is our world about to change in a fundamental way?  Only time will tell.  The following are 7 key events that are going to happen by the end of September…

Late June/Early July – It is expected that this is when the U.S. Supreme Court will reveal their gay marriage decision.  Most believe that the court will rule that gay marriage is a constitutional right in all 50 states.  There are some that believe that this will be a major turning point for our nation.

July 15th to September 15th – A “realistic military training exercise” known as “Jade Helm” will be conducted by the U.S. Army.  More than 1,000 members of the U.S. military will take part in this exercise.  The list of states slated to be involved in these drills includes Texas, Colorado, New Mexico, Arizona, Nevada, Utah, California, Mississippi and Florida.

July 28th – On May 28th, Reuters reported that countries in the European Union were being given a two month deadline to enact “bail-in” legislation.  Any nation that does not have “bail-in” legislation in place by that time will face legal action from the European Commission.  So why is the European Union in such a rush to get this done?  Are the top dogs in the EU anticipating that another great financial crisis is about to erupt?

“We Are All In A Ponzi-World Right Now, Hoping To Get Bailed-Out By The Next Person”

Stetler was recently interviewed by Portugal’s Janela na web magazine, his insights are significant and worrisome…

Some key excerpts:

“You have to think about a huge tower of debt on shaky foundations where central banks pump concrete in the foundations in an emergency effort to avoid the building from collapsing and at the same time builders are adding additional floors on top”

 

Today central banks give money to institutions, which are not solvent, against doubtful collateral for zero interest. This is not capitalism.

 

It is the explicit goal of central banks to avoid the tower of debt to crash. Therefore they do everything to make money cheap and allow more speculation and even higher asset values. It is consistent with their thinking of the past 30 years. Unfortunately the debt levels are too high now and their instruments do not work anymore as good. They might bring up financial assets but they cannot revive the real economy.”

A Venerable Technique

JL-ASROne of intelligent honest things that Livermore did was to get out of one market by selling a related market, inducing the other traders to think that there was weakness in one market which would carry over to the related market. The art of indirection and letting people use their own intelligence and inferences to come to their own conclusion. for example if he wanted to get out of cotton, he’d sell some coffee. If he wanted to get out of a common, he’s sell the preferred or a related company that owned a big chunk of it, like sell Christiana which owned general motors et al. This technique one wonders how often is it used today. When it happens, is it artful indirection or chance? How to quantify and what predictions to be made? Would the robots be smart enough to do this?

There was a moment in late 80s Energy trading, when legend has it that a great admirer of Livermore who runs a venerable hedge fund near New York was Bearish to the tune of 40,000 lots. If you think it’s not much, just remember that Exchange limit for open speculative position in any contract was 6,000. Of course, his positions were in all possible inter-month spreads and across products. So once decision to cover was made, he picked up the phone and asked for the cockiest trader in the Crude pit. “Are you a man or mouse?” Trader thought it was a prank: “Come on Paul, what do you want?” “I’ll give an order to sell 1,000 market, and I mean worst. But if I don’t see Crude print through even– they’re all yours! Do you accept?” 

You Never Know When You Will Drop Dead

Arnold Schwarzenegger used to always say — Schwarzenegger, love him, hate him, I don’t necessarily have a feeling one way or the other, but he used to always say that a good pump in his weight-lifting world was as good as sex. I’d say hitting a home run is right there. The point is, getting to the point where you have got it on the line, you’re making something happen, you don’t give a shit what your neighbors think of you. You don’t give a shit what your family thinks of you. You’re just gonna take on the world. That’s it. That’s the goal. You live one time, one time and it’s over. If you go through life scared, if you go through life following the plan that your father told you to do, that your mother told you to do, or some other nonsense society told you to do: you need to get a steady job, you need a college degree, then you get a steady job, yada, yada, yada. Guess what, you’ll be 60, by the time you know it you’ll be 70, maybe you’ll be dead soon.

Stop waiting for the perfect opportunity to start living the way you want to live. 

10 Foolish Ways to Lose Money in Bull Markets

” There is only one side of the market and it is not the bull side or the bearside, but the right side.” – Jesse Livermore10-number-

  1. Be a bear in a bull market.
  2. Keep shorting a bull market and see what happens. LOSSES.
  3. Wait for a deep pull back that never comes as the market goes higher and higher each day. Then chase at the end of the move.
  4. Buy puts and sell them for a loss over and over.
  5. Keep betting on a market meltdown as the indexes make all time highs over and over again.
  6. Buy ABC ,XYZ  and see what happens. LOSSES.
  7. If your trading plan is the “the market just can’t go higher” you’re going to have a bad time.
  8. Short in the hole right at resistance. The bounces are brutal.
  9. Have a bearish opinion, keep a bearish opinion, trade a bearish opinion.
  10. Being a stubborn perma-bull instead of a flexible trader.