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Friday, June 24, 2016
FRIDAY 6/24/16; “Brexit” Wins; UK Votes to Leave the European Union (EU); Global Markets Crash; “Populism” Movement Rises Around the World; UK PM Cameron Resigns; Pound (Sterling) Collapses to 1.32; NIKK Crashes -8%; Dollar/Yen Prints Under 100; WTIC Oil Tags 46-Handle; FINL; Durable Goods; Consumer Sentiment; DAX (Germany) Crashes -7%; CAC (France) Crashes -8%; MIB (Italy) Crashes -13%; IBEX (Spain) Crashes -12%; SPX (S&P 500) and INDU (Dow Industrials) Negative for 2016
At 8:15 AM Tokyo (7:15 PM EST Thursday evening; 12:15 PM
London), the S&P futures are down 4 points. Only four minutes later, US
futures turn [THE BREXIT DRAMA IS COMPLETELY EXPLAINED IN DETAIL AND ITS IMPACT ON GLOBAL MARKETS] [Text is Redacted: Purchase June 2016-06 to Read the Complete Chronology] Cable news outlets are
running many stories about the Brexit vote.
The ‘Populism’ movement rises around the world.
The common classes are hoisting pitchforks and torches and marching towards the
government leadership, politicians and central bankers that only serve to make
themselves filthy rich after the 2008-2009 financial crisis. It is time for
pay-back and as the old saying goes, “pay-back’s a b*tch.”