Lion of the Blogosphere

Looks like the market has recovered

I thought maybe the Illuminati would take advantage of Brexit to cause the big crash and then say “look, this is what you get for voting racist.” But it was up yesterday and up again today as of 9:12 AM.

So maybe the market decline was just traders who believed the propaganda about Brexit being horrible for the economy and not Illuminati controlling everything.

Written by Lion of the Blogosphere

June 29, 2016 at 9:14 AM

55 Responses

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  1. In other news, the tragic terrorist attack at Istanbul Atatürk International Airport can poke another hole into the narrative if Trump knows how to take advantage of it.

    John Hunyadi

    June 29, 2016 at 9:38 AM

    • Meh. The prime minister of Turkey, Edrogan, would denounce Trump as hate monger of Muslims.

      Most Americans are ignorant, when it comes to the Islamic world. Commentator Vdorta said it the best.

      In many ways, the Middle East resembles America with its divisive politics.


      June 29, 2016 at 11:50 AM

    • Nothing can help Trump now. The coverage is 90% “OMG BRExit”. And he managed to lose coverage of Orlando where he should have owned the facts.

      We are all screwed unless some Republican billionaires buy off Clinton and she agrees not to follow her campaign platform in her first term.

      Lion of the Turambar

      June 29, 2016 at 7:12 PM

      • The only part of the Hillary platform that billionaires don’t like is taxes on rich people. And they’ve already bought the Clintons off. Hundreds of millions paid for their speeches and donated to their “charity.”

        Lion of the Blogosphere

        June 29, 2016 at 7:18 PM

      • What is rich? The top rate hits somewhere between 400k and 500k. That is not rich if you live in NYC or SF. Maybe middle class. Adjusting for the benefits that the locals get, ie, rent control, you’re better off if you have lower income and a rent control apartment.


        June 29, 2016 at 7:26 PM

      • And the news in UK prior to BRExit was 100% OMG BRExit yet the proles voted for it anyway. I hold out hope that we are on the cusp of a new, post MSM-controlled, world. Since BRExit I’ve noticed my smug anti-Trump colleagues exhibiting higher levels of agitation. And, I think the public can smell blood in the water, which is good.


        June 29, 2016 at 7:46 PM

      • $400K for a single household, is upper middle class in NYC.

        There are no more rent control apts being doled out in Manhattan. It’s all rent stabilized going forward.


        June 29, 2016 at 10:58 PM

      • Wait a second, you actually think Republican billionaires have the best interests of America at heart, rather than the exact same interests as the Clintons? How are you able to cognitively function in the world?

        Andrew E.

        June 29, 2016 at 11:38 PM

      • You see the latest poll, chicken little?


        June 30, 2016 at 12:25 AM

      • It doesnt matter what the coverage of BRExit was in the UK.

        We are talking about the US press and the lesson learned in the reporting on the issue was the event, which should help be helpful to Trump, was in fact was all about how dumb, racists people voting in lockstep have caused an obvious blunder and the whole economy is a smoking pit now. And everyone is laughing at them.

        And all the voters now agree that they made a mistake and are heartily sorry they ever voted for BRexist/Trump.

        Lion of the Turambar

        June 30, 2016 at 8:16 AM

  2. Markets have stabilized anyway. British pound has not recovered yet, but it seems to have stopped falling.

    Markets hate uncertainty and right now everything is uncertain about Brexit. The whole process of negotiating and exit from EU will not start until England invokes article 50. David Cameron says he is not going to do that. It will be up to the next PM to do that. But Cameron is not resigning until October. Even after article 50 is invoked, they have 2 years to negotiate a withdrawal deal. This means years of uncertainty as to what Brexit will actually mean. This cannot be good for England. I don’t understand why Cameron does not resign right now.

    Mike CA

    June 29, 2016 at 9:40 AM

    • I love how everyone complains about this, citing “uncertainty”.

      It’s like everyone wants reward without risk.


      June 29, 2016 at 6:24 PM

  3. The Illuminati know that maintaining the stock market is key to maintaining their power. A crashed market means President Trump and they know it.

    They can’t keep it going forever though. The market will crash. Give it time.

    Otis the Sweaty

    June 29, 2016 at 9:55 AM

    • Maybe it “looks” like markets have recovered but I don’t have much optimism that they really have,

      In fact, as I see it, the stock markets are in probably the most precarious position they can ever be in. I am making preparations for an extreme drop in stocks followed up with an even worse drop in US bonds and then am expecting a lot of banks to fail.

      I am holding big oil/gas especially large US diversifieds like XOM and CVX. I am also holding the precious metals along w. a miner or two (ABX, following Soros on this one). Otherwise I am aggressively short the indexes and long the volatility.

      I am not exposing myself in this way primarily to make money but am doing it to survive. I am expecting a bloodbath. I don’t imagine the Brexit inciting the fall, however Brexit is just another straw been tossed onto the dang camel’s back. There is now mammoth pent-up stress in teh market from the technical perspective.

      We are one more explosive shock away from a correction of historical proportions. This is how i see it and I am actually sometimes quite fearful about it. I can’t really fathom how bad it’s going to get, except I think it will be quite bad.

      Good luck to all! WE are going to need it, I think!


      June 29, 2016 at 12:56 PM

      • Word of caution: big oil/gas actually has a high beta, and if the market goes down, those stocks will go down even more than the rest of the market.

      • In this instance, my likeliest scenarios see stocks falling but crude going up so this expectation is driving the ownership of energy. I bought into big cap energy with crude at $30-35 so I’m cushioned by the fact that my positions are strongly in the green so I can afford to hold and see what happens.

        I do appreciate the note of caution. I am pretty uneasy about the economies at the moment.


        June 30, 2016 at 12:05 PM

  4. Herd mentality, that’s all. After all, what’s changed since the vote? Not a thing. And it won’t change for some time, if ever. My bet is on never. The UK will weasel out of it.


    June 29, 2016 at 9:58 AM

  5. Well none of the fundamentals had changed, it was all hysteria over the masters actually losing.

    Mike Street Station

    June 29, 2016 at 10:09 AM

  6. Liberals think they won a moral victory on Brexit with the stock turmoil and the comforting but phony “Regrexit” stories, so they can take the foot off the pedal. Any future downturn in the economy will now be blamed on Brexit by the MSM, and that’s reassuring if you’re a globalist. They’re feeling calmer and the markets reflect that.


    June 29, 2016 at 10:41 AM

  7. Here’s how to read the market: huge volatility after the event means that a lot of people do take a different view. Short term prices are solely driven by trading, not by long term effects. So, this short term vol only means something big has happened, and it does not predict the sign. Second, the bond market would be more informative for this event since it deals with the governments. The Treasury 30 year didn’t bounce back, which means that investors moved to the US bond market (safety), and the UK and EU ones went up, in particular the UK, and are staying up, which suggests a shift which may make it more difficult for the UK and EU governments to borrow. Third, you have the private sector, and make no mistake about it, it will be hit. The major sector in UK is finance, and banks are taking a beating, plus, since UK will not have anything to say about EU legislation you could easily imagine legislation coming that incentivizes more finance on the continent and less in UK. That’s why people in finance in London are super pissed. If UK actually leaves, they can read the writing on the wall.

    So, don’t jump the gun. It’s too early to say much, and claiming there’s going to be no fallout is ridiculous.


    June 29, 2016 at 10:43 AM

    • aren’t German bond yields already negative? Seems to me like the US and Germany at least can just pull a Japan and keep borrowing forever to keep this thing running.

      Otis the Sweaty

      June 29, 2016 at 12:32 PM

  8. Nobody disagrees that leaving is going to be bad for the UK, in terms of GDP. What the leave camp says is that GDP is not everything, and that it’s going to be better for the natives.

    Similar parallels can be seen in the US: if you deport all the illegals, you’ll get a hit in GDP, but some claim that it’ll be better for the working class.

    Markets are about GDP and economic activity. They don’t measure what the “leave” camp is claiming.


    June 29, 2016 at 11:26 AM

    • So are current miserly 1.8% GDP growth is due to the work of our 11 million plus illegals? Are you arguing we would be in negative GDP growth territory without them?

      If this is the GDP growth we get with illegals, I don’t think it’s much of a bargain.

      Mike Street Station

      June 29, 2016 at 1:53 PM

      • It’s pretty clear there will be less economic activity without the illegals. Ofc, one key question is what happens if we actually have an immigration policy that we actually enforce. Canada has it, and in particular skilled people can move to Canada much much easier, which means that they get the cream of the crop. With the illegals, US is getting more of the bottom. Yes, it’s getting people that are motivated (to cross the border, etc), but also people that don’t have other options (bottom). I’m with you on this one. It should be fixed.


        June 29, 2016 at 4:10 PM

  9. LOL, the market is fully of greedy buggers who will do anything for a dollar, including sell their own mothers as prostitutes. (No doubt they will genuinely grieve that their mothers have fallen into prostitution, but money needed to be made, there was no choice, really.) Therefore, any attempt by some to punish Brexiters will instantly be foiled by their own greed to buy the dip.

    Funnily enough, Brexit is feasible because the UK failed to adopt the Euro and it failed to adopt the Euro because globalist George Soros was greedy. He forced England out of the Euro himself through his hedge fund in 1992 to make some money. Soros genuinely grieves Brexit, although he helped cause it. And he would no doubt do it again if there was money to be made.


    June 29, 2016 at 11:28 AM

  10. the market decline was just traders who believed the propaganda about Brexit being horrible for the economy

    Yep. I was planning to buy on the 2-day dip, but couldn’t pull the trigger.

    E. Rekshun

    June 29, 2016 at 11:58 AM

  11. Screw the “market.” You either save your soul and preserve who you are or sell it for 30 pieces of silver. Money and economy should be a tool of the PEOPLE not vice-versa.


    June 29, 2016 at 3:09 PM

  12. Or even simpler, they thought UK wans’t going to brexit (The odds were 100/30 the day before on bet sites) and lost on it even before any anticipation of further loss linked to the metiononed propaganda …. That’s why almost all the loss occurred last Friday only.

    Bruno from Paris

    June 29, 2016 at 3:15 PM

  13. So maybe the market decline was just traders who believed the propaganda about Brexit being horrible

    The British financial system is strong enough to withstand the turbulence; the problem for the elite is they’re not sure if the eurozone can. Every measure of financial health suggests ‘No’. If the euro doesn’t get healthy quickly, if one more shock hits Western Europe then we’re looking at Lehman 2.0 when the monetary union disintegrates, DB goes up in flames, and the world is sucked into another economic crisis.

    The Undiscovered Jew

    June 29, 2016 at 6:43 PM

  14. Guys come on – Great Britain leaving the EU is exactly what we wanted. You don’t immanetize the Eschaton by keeping things stable!

    The Illumimati

    June 29, 2016 at 7:58 PM

    • Exactly. The Anglo Proles are a bane to Western Civilization.


      June 29, 2016 at 10:50 PM

    • Angloprole Tommy Robinson is the leader and true king of the West:


      June 30, 2016 at 10:59 AM

      • Both England and France have large Muslim populations. The French are ruthless, when it comes to integrating Muslims. The Anglo Proles are not, because English Speaking nations, believe that disparate non-western cultures, could co-exist alongside with Western Civilization. The real irony to all of this, is that Anglo Prole nations are more Muslim friendly, but at the same time, the natives appear more blatantly hostile towards Muhammad’s followers. Our insane, political rhetoric, is a testament to this.


        June 30, 2016 at 12:12 PM

      • Tommy Robinson is someone I admire and respect. He’s a true patriot and defender of Western civilization. I’ve seen him rip many Mohammedans and left-wing vermin to shreds in debates. Unfortunately, he’s got a bulls-eye on his back and I fear he’ll be back in jail again or even assassinated by a practitioner of the religion of peace..

        Lewis Medlock

        June 30, 2016 at 1:15 PM

      • How are the French ‘ruthless’ in integrating muslims? They house and feed the same sullen murderous trash as everyone else.


        July 4, 2016 at 3:26 AM

  15. Who wants to be on the Euro when you have to support the PIIGS?


    June 29, 2016 at 9:46 PM

    • Meh. PIGS have better food, better weather, often healthier and better looking people, and are the torch bearers of Western Civilization.

      The Anglo Proles and the Nordics, and also the Germanics, are heading towards the path of race suicide.


      June 30, 2016 at 12:15 PM

    • This went long and off-topic. But I think it’s important. So I’m posting it anyway.

      The PIIGS’ problems were caused by the EU. Not every country has the same level of technology, efficiency, etc. It’s no secret that Germany is at the top of the pecking order in that regard. Good for Germany. However, less competitive countries compete by devaluing their currency so that goods produced in more competitive countries cost more. Otherwise, everyone in the less competitive country would buy the more competitive country’s products creating a huge trade deficit. This would wipe out the less competitive country’s economy and leave them bankrupt. Only Germany pushed for all the EU countries to be on the Euro. So the less competitive countries can’t devalue their currency. Germany has effectively turned other EU countries into captive markets for it’s exporters. It’s been great for Germany. But it’s wrecked the economies of other EU countries. This is why support for the EU is highest in Germany and everyone else wants out. Of course, most people don’t understand what’s going on. They just know it hasn’t been good for them.

      In case you’re wondering, the US trade deficit with China is a little different. China isn’t more efficient than the US. And they’re not merely trying to maintain an even trade balance. Rather, China has deliberately driven their currency down to create a massive trade imbalance. The US could have done the same to China.

      The effect of China’s currency manipulation is to make Chinese goods less expensive in America and American goods more expensive in China. This is great for American consumers and bad for Chinese consumers. But it’s terrible for American manufacturers / employees and great for Chinese manufacturers / employees. Of course, consumers and employees are the same people.

      So why would China do this? First, they’re trying to industrialize and need the manufacturing jobs for their huge population. But, more importantly, it transfers half a TRILLION per year from the US to China. China then uses this trade surplus to buy up US companies and relocate them to China. In other words, they deliberately created a trade imbalance in order to buy our economy out from under us. China is waging war through economics. Trump is absolutely right to impose tariffs. If it results in a trade war then so be it. We’re already in one. And we’d be better off paying more for goods than losing our economy.


      June 30, 2016 at 12:35 PM

  16. Britain is still in the EU and likely will stay in the EU until 2019. The rules mandate a 2-year negotiating period before a member may exit. The 2-year clock doesn’t start until Britain formally notifies the EU of its intentions, which Brexit-leader Boris Johnson said he is in “no rush” to do. In that light, the immediate hysterical reaction of stock and currency traders to the Brexit vote seems rather silly. They should be embarrassed.

    Mark Caplan

    June 30, 2016 at 5:41 AM

    • Home Secretary Teresa May, who is running to replace Cameron, just said:

      “There should be no decision to invoke Article 50 until the British negotiating strategy is agreed and clear, which means Article 50 will not be invoked until the end of this year.”

      Which probably means next year. The divorce comes two years after that. So there is still plenty of time for hundreds of thousands of Muslim migrants, refugees, and even some, I assume, good people, to flood into Britain.

      Mark Caplan

      June 30, 2016 at 9:51 AM

    • Both the Tory and Labor party are disorganized at the moment. Only about half of the Tory members of parliament supported brexit. Boris Johnson was widely believed to be the leading candidate to become PM in October and negotiate the breixt terms with the EU, but he had now dropped out of the race.

      Many people think Boris Johnson never expected brexit to win and he appeared to have no plan for what to do after it did pass.

      Basic problem is if UK wants to keep free access to EU markets, EU will require open border policy to allow any EU citizens to work in UK. That open border policy was exactly what the much of brexit campaign was targeted at. They wanted to stop immigrants from Eastern European EU member states coming to work in UK. Many people who voted for brexit actually thought that brexit would force many immigrants already in UK to leave. Negotiating an open border agreement with EU would be a disaster in the eyes of most people who voted for brexit.

      The other possibility is to negotiate some kind of free trade deal that has lower tariffs than the WTO rates. English business will be very angry at that deal. It would put them at a disadvantage in selling products to the EU which is their largest export market.

      Boris Johnson lost support from from other brexit supporters when they realized that Johnson had no idea what to do now that brexit won.

      There is a good chance that there will be another election for parliament in the next year because both the major parties are in disarray and no PM may be able to put together a government.

      While all this drags on businesses are delaying investment decisions and many may start moving parts of their operations to other EU countries.

      It is not out of the question that brexit just never happens. A new parliament is elected and winning party promised not to go through with brexit, so they just shelve the idea.


      June 30, 2016 at 4:29 PM

      • The problem is that both Labour and the Conservative party are opposed to Brexit. Only UKIP whole-heartedly supports it and they have no members in parliament at all. So Article 50 might never be filed or if filed, all the anti-democracy policies kept in place as part of trade deals.

        Boris has already dropped out of the race.


        July 1, 2016 at 12:25 PM

      • Well, Boris, you can’t LARP your way to greatness. Perhaps there was some ultra-sophisticated political calculation behind dropping out, but running away gives such a bad impression and you simply don’t get that many chances to take the top spot. I don’t think he’s coming back.


        July 4, 2016 at 3:18 AM

  17. O/T, but does anyone remember that thing that happened in Orlando so very long ago? You know, the gay murder thing?

    I wonder what happened to his poor suffering wife? Lucky for us the DOJ made sure she wasn’t bothered by all those evil Islamaphobic folks, right?

    Isn’t it fun living in a novel? I always loved 1984 when I was back in school.


    June 30, 2016 at 12:27 PM

  18. Good news in Austria, there will be a rerun of the presidential election, as the Constitutional Court of Austria all but acknowledged the postal vote theft that propelled the ecologist candidate to victory with a very small margin and ordered a repeat of the presidential elections.

    The rerun will be held in early autumn, September or October. An upset victory by Norbert Hofer (the gun-loving nationalist) might provide a strong social proof boost for Trump.


    July 1, 2016 at 10:47 AM

  19. Perhaps it would be better for everyone now if the EU broke up as quickly as possible. EU members will now be able to put a gun to Merkel’s head by threatening a referendum in their own countries if various demands aren’t met. It’s a recipe for uncertainty, instability and in-fighting. And on top of everything the Austrian presidential election has been proved to have been fraudulently stolen from the Nationalists. This can only increase the cynicism of the people of Europe towards the elites, whose anti-democratic credentials are now exposed for all to see.

    prolier than thou

    July 1, 2016 at 12:18 PM

  20. I just read on The Guardian that the Austrian presidential election is going to be reheld because of voter irregularities. I don’t doubt for a second that Leftists stole the election.


    July 1, 2016 at 12:52 PM

  21. Well, the market may have recovered, but the image of Italian-Americans doesn’t look like it will be recovering any time soon. I’m surprised no one here has posted an “O.T.” post about it: the owner of Spumoni Gardens pizzeria restaurant in Brooklyn was murdered in his house in Dyker Heights. Apparently it was a mob hit done over – and I’m not making this up – a stolen pizza recipe. For real. And ironically I just ate there with a group from my church a few weeks ago (nice pasta and a desert for a total of $30, tip included.)

    But seriously. A murder over a pizza recipe? Get real. This is like Snooki killing Angie (or whatever that other guidette’s name is) over swiping her expensive sunglasses. I’m thinking of all the people who used to say that Italian neighborhoods would never “change” because the mob would prevent “outsiders” from buying the houses. Not that I’d want a neighborhood to stay Italian if it took mob control to keep it that way. But I have to ask: if these people (mobsters) are going to be so vicious and also ruin our image, you’d think they’d at least do it over something more important than a damn pizza sauce recipe. Just for once I wish I could benefit from some of the “tribalism” Italians are famous for. Sorry if this sounds warped.

    I’ve got to say it. JS, I’m with you on this one. Sometimes you’ve just got to call people what they are – dumb guidos.


    July 1, 2016 at 10:09 PM

    • “A murder over a pizza recipe?”

      I’d say this makes a pretty good advert for Spumoni Gardens pizza–‘so good the mob want it back.’

      prolier than thou

      July 2, 2016 at 11:31 AM

  22. OT:

    Good article about law school. I have written about this elsewhere. This was true even 20 years ago.


    July 2, 2016 at 1:21 AM

    • The advice is correct, unlike business schools which evaluate a lot of extra-curricular stuff and work history, law schools are almost entirely focused on grades and LSAT scores, which actually makes it a lot fairer because a poor kid without connections to get high-quality jobs can still get into law school just by getting high grades and LSAT scores.

    • The final QA was funny. “I’m not saying you should only take easy classes, but … take only easy classes.”

      One weakness: The article lists the 14 BIGLAW feeders (Yale … Georgetown) but doesn’t mention that those are the only law schools you should ever, ever apply to.

      By the way, has BIGLAW recovered yet? There were some concerning news a couple of years ago, I recall.


      July 4, 2016 at 4:06 AM

  23. ” I thought maybe the Illuminati would take advantage of Brexit to cause the big crash and then say “look, this is what you get for voting racist.”

    On social media the Remainers are mostly focused on documenting every example of some tracksuit-wearing prole English teenager shouting ‘go home mate!’ at an Eastern European and making out that it’s come kind of ‘Poleacaust.’ It’s typical passive-aggressive behaviour from people just longing to scream ‘I DIDN’T GET MY WAY AND I HATE YOU!’ but who can’t bring themselves to do it.

    prolier than thou

    July 2, 2016 at 5:24 AM

    • My favorite so far has been the very important petition for a Brexit vote do-over, once again proof that reality surpasses comedy.


      July 4, 2016 at 3:42 AM

    • Also, it should be kept in mind that the leftists actually do sincerely hate you, and such hoaxes are merely one way of working to the goal of destroying you.


      July 4, 2016 at 3:52 AM

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