Talking media heads and London bookies have convinced the markets that Brexit is dead meat and markets will return to "normal" soon after a violent Friday. May be so. Truth of the matter is there is no "normal" in uncharted waters. No one has a compass that they can rely on. The brexit fiasco may turn out to be a mere footnote to what is coming for markets. Many problems still out there.
Had been charged with trading violations. UVXY is loaded with hedgies. One can only wonder what they have been doing to manipulate it. Maybe will come to light eventually.
A tragedy to be sure with her two children to mourn her. Would have never happened if Brits had stayed out and Islam free. A shame.
Basically the voters in favor of brexit are saying "Here Germany take all these Islams back We don't want them. You can have them. ".
Testifying. (lol) . Don't expect any new stuff from her. Remember she is a Democrat and will do her best not to rock the boat in an election year. Especially after her recent one on one meeting with Obama at the WH when he called her up on the carpet.
Yellen a Hawk ? No she's a Democrat. Won't talk trash in an election year. Don't forget Obama had her on the carpet recently at the WH for a cozy one on one.
U.S. media talking heads (CNBC and others) and carefully chosen guests are non stop saying grexit is no big deal. Been going on for several days .We'll see about that.
Brits are #$%$ off for several reasons. Islam neighbors sent to them by Europe for one but more important is stifling regulations and EURO . Not needed. God save the Queen. And GB independence.
Will run out of ammo and then UVXY flies. Stay long UVXY. Get long. JMO
VIX will remain "elevated" for some time as the CB wheels continue to wobble and then fly off. Brexit is but a side note. Deeper problems will become market focus soon.