06/23/2016 Live Update

[JFR]

OK, staying up until London financial opens.

Charts ... The little pullback/bounce continues. The quiet before the storm?

My gawd. What a night.

This is not the result David Cameron wanted. So, one wonders, how bad was the decision to even hold the referendum? A head shaker. It reminds me of the lawyer doing cross examination: Don't ask a question unless you already know the answer. No surprises. Cameron has opened up a can of worms, and a Pandora's box.

Cameron resigned, as he should. He called the referendum. Big mistake. Got a result he did not expect nor want.

As noted, triple A rating about to move down for the UK. It will be a humongous task to organize prior to beginning negotiations on the separation. The longer the UK waits, the more difficult the terms will be. It seems evident that the EU holds by far the best cards in the game.

[sleeman]

Le roi est mort, vive le roi!

missed it because my friend got married and I had to go to a bachelor party. Another reason not to get married.
sucks...

[Wallstreetrader]

...

[daytradingES]

probably a sell today - but if not then next week.
(Yellen et al may launch buy prg so be careful today.