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 Post subject: Brexit is a reality
PostPosted: Fri Jun 24, 2016 12:06 am 
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BBC predicts the final tally to be 52/48 in favor of Leave.

Will be a wild ride in the markets this morning!!!

Dow futures implying an open 650 points lower.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 7:14 am 
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Jeemie wrote:
BBC predicts the final tally to be 52/48 in favor of Leave.

Will be a wild ride in the markets this morning!!!

Dow futures implying an open 650 points lower.

Sounds like a buying opportunity for non-pussies

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 7:25 am 
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Y-Town Steel wrote:
Jeemie wrote:
BBC predicts the final tally to be 52/48 in favor of Leave.

Will be a wild ride in the markets this morning!!!

Dow futures implying an open 650 points lower.

Sounds like a buying opportunity for non-pussies


FTSE's holding up all right...only off 4%...doing better than the rest of the world markets.

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Bill Walsh: “Your ability to make good judgments is much easier on Thursday night than during the heat of the game."

R S: "All praise MJG. Fuck the NUT!"


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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 7:35 am 
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Good for them.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 7:55 am 
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Dan Smith--BYU wrote:
Good for them.


It'll be painful for them in the short term, and longer term it may be just England and Wales in the UK (Scotland will be leaving the UK soon and Northern Ireland may reunite with Ireland if Ireland will have them) but I think it'll be OK.

I had a British acquaintance give what I thought was the best reason. He acknowledged short-term pain, but he could not in good conscience sanction the shameful way the EU treated Greece when that whole thing was going down.

And if they could do that to Greece, they could do it to any country in the EU.

The EU better reform itself first, or the whole thing will be falling apart soon.

And the markets will recover once they realize that British companies' assets and liabilities are still the same...unless of course, there are some hidden factors of this break-up that will now not provide economic rent opportunities...which is how the vast majority of wealth is made in the markets nowadays.

But sorting that out will take years.

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Bill Walsh: “Your ability to make good judgments is much easier on Thursday night than during the heat of the game."

R S: "All praise MJG. Fuck the NUT!"


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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 8:14 am 
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Unelected bureaucrats and George Soros played a game of chicken/economic suicide bomber and lost.

Once the rest of Europe sees it's all empty threats to retain they're power, the EU will break up and Merkel will be relegated to the role of sad clown that she richly deserves.

Greece and other countries that absolutely insist on being irresponsible will suffer the consequences.

Scotland (see Trainspotting) will leave to get welfare benefits from the EU and make UK wealthier. UK should be happy they are gone, it's like kicking the fat drunk uncle out of the house.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 8:45 am 
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Y-Town Steel wrote:
Jeemie wrote:
BBC predicts the final tally to be 52/48 in favor of Leave.

Will be a wild ride in the markets this morning!!!

Dow futures implying an open 650 points lower.

Sounds like a buying opportunity for non-pussies


I'm buying today. I'll get a little protection from my gold position today too.

I'm not at all upset with this.

Short term pain, but long-term I don't see much of a problem. UK already had their own currency and central bank. The only thing they'll have to do is re-negotiate trade agreements, which the EU will be tough on at first, but long term they have to trade with the UK.

Imagine being David Cameron this morning though. Ballsy move going to referendum when he didn't even have to.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 8:51 am 
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Dan Smith--BYU wrote:
Unelected bureaucrats and George Soros played a game of chicken/economic suicide bomber and lost.

Once the rest of Europe sees it's all empty threats to retain they're power, the EU will break up and Merkel will be relegated to the role of sad clown that she richly deserves.

Greece and other countries that absolutely insist on being irresponsible will suffer the consequences.

Scotland (see Trainspotting) will leave to get welfare benefits from the EU and make UK wealthier. UK should be happy they are gone, it's like kicking the fat drunk uncle out of the house.


The EU will retain the problem child's like Greece and Portugal because of monetary dependence. Countries like Netherlands and France on the other hand may decide to leave because they are self-sustaining and really don't need the EU.

UK will no longer exist as it did yesterday. Scotland is almost assuredly gone.

What a difference 24 hours makes. It's really not the same world it was yesterday.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 8:56 am 
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I vote to expel Philadelphia from the state of Pennsylvania and cede it to New Jersey where it belongs.

While we're at it, West Virginia can have Uniontown.

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 Post subject: Re: Brexit is a reality
PostPosted: Fri Jun 24, 2016 9:59 am 
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StillerInCT wrote:
Dan Smith--BYU wrote:
Unelected bureaucrats and George Soros played a game of chicken/economic suicide bomber and lost.

Once the rest of Europe sees it's all empty threats to retain they're power, the EU will break up and Merkel will be relegated to the role of sad clown that she richly deserves.

Greece and other countries that absolutely insist on being irresponsible will suffer the consequences.

Scotland (see Trainspotting) will leave to get welfare benefits from the EU and make UK wealthier. UK should be happy they are gone, it's like kicking the fat drunk uncle out of the house.


The EU will retain the problem child's like Greece and Portugal because of monetary dependence. Countries like Netherlands and France on the other hand may decide to leave because they are self-sustaining and really don't need the EU.

UK will no longer exist as it did yesterday. Scotland is almost assuredly gone.

What a difference 24 hours makes. It's really not the same world it was yesterday.


Remember when the consensus wisdom was that by the early- to mid-21st Century, the EU would catch or surpass the US and China?

Now the whole thing may be kaput by 2020.

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Bill Walsh: “Your ability to make good judgments is much easier on Thursday night than during the heat of the game."

R S: "All praise MJG. Fuck the NUT!"


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