Dow, off 310, slammed again on "Brexit Blues"

[workinclasszero]

Source: USA Today

Wall Street is suffering from a serious case of the "Brexit Blues."

The hangover from the U.K.'s decision to exit the European Union continues to weigh on risk assets around the world Monday, with U.S. stocks down anywhere from 1.5% to 2% in early-morning trading and European stocks falling again.

Read more: http://www.usatoday.com/story/money/markets/2016/06/26/tokyo-markets-higher/86419758/

[Wellstone ruled]

1. Appears the U.K. does not have a clue.

Looking at a 2008 Lehman Brothers type Market hit before the end of day. Sounds like the Brits are not going to have plan in place till September.

[workinclasszero]

3. Their economy appears to be headed for the nearest dumpster

Not to mention Scotland and others may want to declare independence from the once United Kingdom and stay in the EU.

[Wellstone ruled]

8. Now hearing stories on the Business

News sites,Britain tried to BS Merkel and she just told them to basically get your asses out of the EU like yesterday. Watch for a major News event later today. Yellen and the Fed Governors will intervene to save the US Banks and their Hedge Funds. Here we go again,completion of another Wealth Transfer.

[workinclasszero]

9. Yup

Wall street is the biggest casino of them all.

All the folks shooting craps with their 401Ks just came up with snake eyes.

I crapped out on mine in the 90's.

[Wellstone ruled]

11. Worse are IRA's,

if you cash out you are hit for 28% Tax or withhold 10% and hope the IRS loves your ass. So rare to have a defined pension. Thank you Mel Roth and Senator Rockefeller.

[workinclasszero]

14. Pensions

My dad had one after working 30 years at the same factory in a place called America that no longer exists in the republican workers paradise we currently struggle in.

[Scurrilous]

2. Lemmings.

Sell! Why? Everyone else is selling.

[iandhr]

5. It all depends.

If you are a senior citizen in a volatile market that is trended downwards if makes sense to move your money to safer investments.

If you are a younger person it makes sense to stay put because the data shows that your money grows in the market over a long period of time.

https://finance.yahoo.com/echarts?s=%5EDJI+Interactive#{"range":"5y","allowChartStacking":true}

[yeoman6987]

7. It is funny the over reaction

The 1st my deposits for stock buys happen. I can't wait for the bargains. The freak out is rediculous. Nobody loses unless they sell.

[LiberalFighter]

4. Damn stock traders.

[jpak]

6. Trump thinks this is "terrific" - Make 'Merica Broke Again!!1111

Last edited Mon Jun 27, 2016, 12:32 PM - Edit history (1)

Mangled apricot shitgibbon...

[workinclasszero]

10. FREEDUMB!!!!!

[lordsummerisle]

16. lol n/t

[Kelvin Mace]

12. "Slammed" is a loaded term

a 1.5%-2% move is not really much these days. They are focusing over changes in the market in the last few days, ignoring that in the context of the last year+, it is trivial.

For example, the Dow was at 15,370 in January, and is trading at 17,163 today after being "slammed". The situation in the EU is important and has ramifications, but context is important.

[diligent sleeper]

15. When the Dow goes down

It means that Washington/Wall St consensus is not happy.

https://therulingclassobserver.wordpress.com/2016/06/25/of-labels-the-doors-of-perception/

[msongs]

17. off 310 is hardly slammed. more hysteria nt