Barclays is off another 24% this morning. Good morning and welcome to the end of the world. This is your Captain speaking aboard the ark, presiding over financial Armageddon.
In other news, LYG, DB, CS and UBS are all diving lower, as the pound drops another 3.7% in a genteel morning session.
These losses are starting to get scary, the sort of moves that’ll make you start writing stories about their credit default swaps next. Several of these fuckers are down by half, over the past two days.
European markets are getting hammered to pieces. NASDAQ futs are off by 55.
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Guess he was globalist Killary supporter after all.
This is a swim in the kiddie pool compared to a Trump victory, a guy who also has no plan. I am not a fan of gold and I missed the window anyway but there are worse things than a mattress full of cash.
http://www.zerohedge.com/news/2016-06-27/soros-suffers-major-loss-long-pound-trade-ahead-brexit
He’s a smart guy but not clairvoyant. Just about everyone expected that the UK was going to Bremain. I expect his gains on other things more than compensated for that loss.
And I even wonder whether what happened in the overnight currency markets last Thursday night was due to Soros selling all his pounds and going short.
Interesting how the Right Wing propaganda makes Soros– and all highly successful progressives– out to be an Anti-Christ, through false accusations. The Right Wing is amazingly brilliant at propaganda. The GOP controls both Houses of Congress. And yet the propagandists have people believing that the way to rebel against the establishment is to vote GOP.
looks like vix is being suppressed. weird. with euro banks crash and cds spiking. thats the “market” for ya.
Skiffles, anyone?
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What is truly stunning is the run-up of every one of these in the week leading to the vote. Irrational exuberance, anyone?