Brexit

[ShawnFanningsLimpDick]

If I'm reading the tea leaves of this article correctly, the Tories are likely to get destroyed in the next election. Especially if Scotland has a referendum to leave the UK. Because that will give the Labor-dominated regions of the rest of the UK stronger. And it seems that the blame for this development rests squarely on Cameron.

Quite the contrary. Europe was the issue that split the Tories down the middle. Cameron made a huge strategic blunder in allowing a referendum in order to silence the anti-EU faction. Many Tory politicans, Boris Johnson being the most high-profile, split with the leadership and campagined for Brexit. Labour MPs on the other hand followed the party line like drones even though, ironically, it's well known that the current not-for-much-longer leader, Jeremy Corbyn, is a joke Marxist who's anti-EU himself.

At the next election Brexiters wont have a problem voting Tory. With any luck Scotland will have fucked off too by then. The only way Labour can recover is to have a huge cull at the top and elect a new leader who isn't tainted by their Brexit failure. There is a formidable leader-in-waiting in Dan Jarvis who would be a very difficult opponent for the Tories as he's a straight-talking ex-military guy who served in the Paras (Parachute Regiment). Jarvis's weakness is supposed to be his his lack of intellect ... he can't remember foreign presidents' funny names or comment on the economy but, suitably coached, that might not be a fatal handicap.

[GrenadaRoger]

Ameicans are way dumber than Brits. Not even close. Most Americans could not locate Great Britain on a map and think that Wales are fish that swim in the ocean.

Honestly there's really no arguing this.

Aint no stupid like rural America stupid.




And Im not even going to bring up our inner cities.

it's too easy but i can't resist:

Is there anything dumber than a rural American? Yeah, a smart Nova Soctian (apologies to Knute Rockne for stealing his joke)

[Baron Von Strucker]

I haven't noticed the VBCE euro rate moving to much to the lower
EUR EURO buy 1.424800 sell 1.477000 this is CAD

I need to buy some euro's very soon do you think the euro will drop significantly before Monday? this is close to the best rate i can get..

http://www.vbce.ca/rates

any advice would be appreciated
~20k

edit: lol CAD is at its lowest since 6 yrs. FML...

[Sanlmar]

Equities really showed no panic. It was all pretty orderly.

The TRIN bore this out.

Pure surprise and media need to be tuned out as best you can.

[handicapme]

Bar time!

Selling continues monday, hopefully.

[JTJTJTJT]

Easy money and just started. My tvix is up 40% today. Volatility has been too low for years, and we were overdue for a correction in what has been a boring market. I am thinking to buy back in August/Sept meanwhile mostly cash

[MumblesBadly]

I hope that you are *not* as bad at reading comprehension at your job as you when reading my comments here. Because I said "since the Great Depression", *not* "similar to during" it. Because the current generation of 20-somethings are, on average, staying/living with the parents longer than any generation since the GD. It started with the Great Recession, and hasn't recovered for them as much as those older with more experience.

P.S. I'll let you google that info on your own since you have time away from your job to so politely chit chat here with me.

Again you are beyond retarded and do not know what you are speaking about. There have been countless worse situations than we are in now, but keep yapping about what you read on yahoo news brah.

Handi,

I don't fault you for being dismissive of my comments on this matter, (because you erroneously think of me as just a 'dumb trucker'), but you weren't even alive during the two next worse economic slumps the US experienced (early '80s, and mid '70s) since the Great Depression.

I won't distract this thread going into the details here on how you are being presumptuous about my understanding of financial markets and economic history. (Shit! I was trading lumber and S&P futures before you got your first slap on the ass after popping out of your momma!)

Seriously, do yourself a favor and ixnay on the ad hominem attacksay.

P.S. for Tine's eyes only

 

Put your pet on a lease.

[gauchojake]

less posty mumbles seems like the same old mumbles

[Daly]

Equities really showed no panic. It was all pretty orderly.

The TRIN bore this out.

Pure surprise and media need to be tuned out as best you can.

Blood in the water early followed by typical Selling of positions going into a summer weekend. The results weren't good but the action was "clean".

[Belly Buster]

I haven't noticed the VBCE euro rate moving to much to the lower
EUR EURO buy 1.424800 sell 1.477000 this is CAD

I need to buy some euro's very soon do you think the euro will drop significantly before Monday? this is close to the best rate i can get..

http://www.vbce.ca/rates

any advice would be appreciated
~20k

edit: lol CAD is at its lowest since 6 yrs. FML...

Just use a credit card.

[Sanlmar]

Equities really showed no panic. It was all pretty orderly.

The TRIN bore this out.

Pure surprise and media need to be tuned out as best you can.

Blood in the water early followed by typical Selling of positions going into a summer weekend. The results weren't good but the action was "clean".

Thoughts while driving around this morning.

10 year US treasuries are yielding 1.57%

A German treasury is -.15% YOU pay the government for the pleasure of them holding your $


So once again, dividend stocks look the balls and instead of paying the government - your fee is to suffer volatility.

So with Yellen holding off on rates (which was a mortal lock anyway until post Hillary coronation) we gonna have one last blow off move?

I just day trade and would never bet this but I like to keep myself upwind from the outhouse.

This JTJTJT guy yammered something about lack of volatility past 2 years. Made me smile. This is a golden age.

The Hillary coronation was in my playbook. Brexit certainly has me questioning just how powerful this precariat thing is. Willing to fuck things up cause they got nothing to lose anyway. Got no problem with that.

[Belly Buster]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

[Baron Von Strucker]

I haven't noticed the VBCE euro rate moving to much to the lower
EUR EURO buy 1.424800 sell 1.477000 this is CAD

I need to buy some euro's very soon do you think the euro will drop significantly before Monday? this is close to the best rate i can get..

http://www.vbce.ca/rates

any advice would be appreciated
~20k

edit: lol CAD is at its lowest since 6 yrs. FML...

Just use a credit card.

interesting story... was at Heathrow airport and had a hankering for a bagel and cream cheese, placed my order and proceeded to check out..... seven fucking pounds WTF! i didn't expect that. i thought to my self no fucking way I'm paying that much for a shitty bagel and cream cheese at least not today. so i did the classic "Scottish Hack" checking all my pockets pretending to look for my wallet and proclaimed that i had been robed and had no money to pay. they guy said to bad and proceeded to throw the bagel in the trash.
Ended up having a pint of Lager and a bowl of Irish stew charged to my CC $32 CAD after exchange and fees. last time i do that.
this leads to a bigger story where Large and Small business in Canada will start refusing to accept CC as the fees have become unrealistic.

[handicapme]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

Brexit is significantly worse for the EU vs the UK, however... and that is a long however... the UK is going to be shitted on for the next few yrs. Like I told Daly, in the super long run the UK will be better off and the EU won't, but for the next 2-3 yrs.... not so much.

[Baron Von Strucker]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

Brexit is significantly worse for the EU vs the UK, however... and that is a long however... the UK is going to be shitted on for the next few yrs. Like I told Daly, in the super long run the UK will be better off and the EU won't, but for the next 2-3 yrs.... not so much.

ya no big deal that the UK citizens have boxed them selves in to there little zone and your sure there will be no retribution for there small snub of the EU?
I would expect travel visas will be required from the moment of exclusion plus expat citizens enjoying EU travel privileges will be sent packing back to there gloomy little nook.
God Save the Queen and "pip pip and lets get on with it"

[MumblesBadly]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

But adjusting the change in the FTSE for the simultaneous change in GBP/EUR on Friday, the common currency hits to the FTSE, DAX, and CAC were comparable. (All hail the power of arbitrage!)

[Belly Buster]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

But adjusting the change in the FTSE for the simultaneous change in GBP/EUR on Friday, the common currency hits to the FTSE, DAX, and CAC were comparable. (All hail the power of arbitrage!)

Yeah ... and if you adjust it by the ratio of your IQ and your PFA rep, it's even worse.

[Belly Buster]

Interesting the UK FTSE was only down 3% Friday, while the DAX (Germany) was down 7% and the CAC (France) was down 8%.

Initial impact seems to show the EU countries are perceived weaker than the UK following the Brexit announcement.

Brexit is significantly worse for the EU vs the UK, however... and that is a long however... the UK is going to be shitted on for the next few yrs. Like I told Daly, in the super long run the UK will be better off and the EU won't, but for the next 2-3 yrs.... not so much.

It will be a tough 4-5 years. If your some foreign big cheese looking at places to invest, you're probably giving the UK a wide berth until the uncertainty has settled down.

Ironically it will be the regions that voted leave that will be hardest hit.

[Belly Buster]

Brexit is significantly worse for the EU vs the UK, however... and that is a long however... the UK is going to be shitted on for the next few yrs. Like I told Daly, in the super long run the UK will be better off and the EU won't, but for the next 2-3 yrs.... not so much.

ya no big deal that the UK citizens have boxed them selves in to there little zone and your sure there will be no retribution for there small snub of the EU?
I would expect travel visas will be required from the moment of exclusion plus expat citizens enjoying EU travel privileges will be sent packing back to there gloomy little nook.
God Save the Queen and "pip pip and lets get on with it"

I doubt it. We don't need a visa to go to Switzerland or Norway.

[MrTickle]

ya no big deal that the UK citizens have boxed them selves in to there little zone and your sure there will be no retribution for there small snub of the EU?
I would expect travel visas will be required from the moment of exclusion plus expat citizens enjoying EU travel privileges will be sent packing back to there gloomy little nook.
God Save the Queen and "pip pip and lets get on with it"

I doubt it. We don't need a visa to go to Switzerland or Norway.

But we do to work, right?