Brexistential Bloodbath - Dow Crashes 600 Points As Vol Explodes...

Has Trump Found The Formula?

Stripped of its excesses, Donald Trump’s Wednesday speech contains all the ingredients of a campaign that can defeat Hillary Clinton this fall. The specific charges in Trump’s indictment of Clinton: She is mendacious, corrupt, incompetent and a hypocrite.

"Today Is The Appetizer For Monday"

"Monday is where we’re going to see a truer-look at “where the bodies are buried” and a more accurate “price discovery” process than what we’re seeing today (as we’re washing out all the delta one flows which are dwarfing client trading)…lots of discipline being displayed thus far, with low turnovers and folks not chasing.  "

Google Searches For "Buy Gold" Soar 500% After Brexit

 

 

Weekend Reading - Inconceivable

"Stay humble or the market will do it for you..."

After Brexit: The System Cannot Hold

The overwhelming underlying principle that we see at work here is that centralization is dead, because the economy has perished. But that is something we can be sure no politician or bureaucrat or economist is willing to acknowledge. They’re all going to continue to claim that their specific theories and plans are capable of regenerating the growth the system depends on. Only to see them fail. It’s high time for something completely different, because we’re in a dead end street.

Fed Credibility Collapses - Rate-Cut Now More Likely For Next Year

Just when you thought The Fed's credibility could not drop any further... it does. For the first time since the financial crisis, the market now sees a greater probability of a rate cut than a rate hike... for the next year. In fact, "bets" on an eventual dip into NIRP have surged to record highs, and we suspect even higher today...

Greenspan: "This Is The Worst Period I Recall; There's Nothing Like It"

"This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away. I'd love to find something positive to say."

Hillary Clinton Omitted One Key Email From The State Department Review

Before turning over emails to the State Department for review and potential public release, Hillary Clinton and her lawyers withheld thousands of emails Clinton said were clearly personal, such as those involving what Clinton described as "planning Chelsea's wedding or my mother's funeral arrangements, condolence notes to friends as well as yoga routines, family vacations." As it turns out, Clinton missed a category that was also withheld that could potentially be referred to as "Communications about work related emails sent from my personal server that are being blocked by the State Department"

When Fearmongering Fails

Fear is the go-to emotion that government preys upon. It's so reliable. The fear of the unknown causes most individuals to give away and sacrifice every liberty that they were naturally born with. A population that is perpetually afraid ultimately ends up fearing liberty itself! Government's sales pitch is that you need them. It is they who will protect you from a never-ending carousel of fears. A gigantic lesson can be learned from today's historic event. It proves that fear-mongering has its limits. It's not fool-proof.

Derivative Strategist Warns Of $150 Billion In Quant Selling Over The Next Three Days

“The bigger the down move today, the more they have to sell, which would basically create a vicious cycle,” Cheong, head of Americas equity derivatives strategy at UBS, said in a phone interview. “We’ll see front-loaded selling in the range of $100 billion to $150 billion over the next two to three days. It could be very similar to August in terms of model-based selling.”

Nomura Warns "Do Not Underestimate The Global Contagion" From Brexit

In a nutshell, Nomura expects the global impact of the Brexit to be more through the financial, confidence and psychology channels than simply through trade. Their warning is to not underestimate the depth and reach of global financial market contagion, which seems to have increased since 2008.

French Cops Claim They’re Too Tired To Keep Policing Massive Protests

“We’re asking for this demonstration to be postponed, along with any other static protests as our colleagues on all fronts are exhausted, worn out and tired,”

Was This The Deciding Factor For Brits To Vote "Leave"?

While the blame for today's historic moment in the collapse of crony capitalism could be laid at many feet - from Brussels totalitarianism to Cameron and Osborne's scaremongering blowback - one look at the charts and it becomes pretty clear when exactly the inflection point occurred...

Brexit as a Roadmap… For YOU!

by Bill Holter, JS Mineset, SGT Report.com:
BREXIT! I have to admit, I did not believe it would happen. Rather, I did not believe it would be “allowed” to happen. In retrospect I believe the elites will look back and wish they had “Diebold” doing the vote count. This vote has so many various ramifications, it is hard to wrap your head around what it means but let’s take a look at what stands out most.
First and foremost, the “people stood up and spoke”. The vote to exit is without a doubt the largest protest vote the world has seen in many years. It is important to note that the Brexit vote is symptomatic of what is happening worldwide. I would also say it is very similar to the Trump phenomenon here in the States, people are angry. (I would also say the results are very encouraging to the Trump camp). Next, we must wonder “who” is next? Italy, Spain, France?
Read More

Trump Only Needs This One Thing to Win the Presidency

by Dave Hodges, The Common Sense Show:
We are witnessing a seeming miracle in America with the rise of Donald Trump’s movement which is exposing the extreme exploitation of the middle class and the ongoing attempt to make America go extinct.
On the way to America’s Armageddon, someone through a monkey wrench into the political fracas and America started paying attention, in big, very big numbers. And that monkey wrench is named Donald Trump. The Trump phenomenon is beginning to spread across the planet. Have you see the millions of protesters that are taking to the streets in Brazil?
Read More

The United Kingdom of Felony and Corruption

by Martin Berger, New Eastern Outlook:
The fact that the United Kingdom is on par with the United States as one of the most corrupt countries in the world is hardly a secret, even though the governments of these two nations have been launched various public relations campaigns in a bid to persuade their citizens that they are in no way involved in such crimes.
The Washington Post would note:
Over the past couple of decades, London’s accountants and lawyers have helped launder billions of dollars of stolen money through the British Virgin Islands, among other British overseas territories the British property market -. like the New York property market – has long functioned like an old-fashioned Swiss bank, providing safe real estate investments for owners who wish their identities and their sources of income to be hidden.
Read More

Can’t Barrage the Farage

from Rogue Money:
Win or lose for Leave in Thursday’s Brexit referendum, the European Union can only delay, not stop, the day of patriotic democratic reckoning across Europe.
(See also: Brexit: The Movie)
This is a RogueMoney open thread for news and comments from the ongoing Brexit vote today in the United Kingdom. We’ll likely post our thoughts depending on the outcome over the weekend. – JWS
Read More

A New Balance Of Power In The Gold Market

by John Rubino, Dollar Collapse:
Gold analyst Michael Ballanger just posted an article noting how much things have changed — perhaps for the better — in the gold market. Here’s an excerpt:
Commercial Traders Have Just Gone Over the Top
(24hGold) – With Friday’s Commitment of Traders Report, the ridiculous has just metastasized into the sublime as the Commercial Cretins have just gone “over the top” and added another 5.4M “ounces” to their synthetic gold short position. At 298,077 contracts declared short, they are now carrying the largest short position in Crimex history. The scary part is that these figures don’t include the big rise in open interest yesterday and you just KNOW that it ballooned out due to more Cartel shorting
Read More

Study Shows Police Crime is Rampant — 3 Cops Arrested a Day, Over 1,100 Every Year

by Claire Bernish, The Free Thought Project:
… our data directly contradicts some of the prevailing assumptions and the proposition that only a small group of rotten apples perpetrate the vast majority of police crime.”
A new study tracking criminal activity perpetrated by police found, on average, three law enforcement officers are arrested each day — around 1,100 cops every year — and, more pointedly, this is not the case of a few rotten apples.
“The most common crimes were simple assault, drunken driving and aggravated assault, and significant numbers of sex crimes were also found.
Read More

/