The Donald Trump, Illegal Alien, Foreigner, Immigrant Bitch and Moan Thread

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Submitted by Coronita on June 22, 2016 - 7:13am

Submitted by spdrun on June 22, 2016 - 8:28am.

Buying popcorn and beer. Whichever way it goes, should be a fun show!

Submitted by no_such_reality on June 22, 2016 - 10:12am.

I've pretty much learned over the last decade that I do much better when I stick with my program and ignore Brexit and any other issue du jour. The markets priced them in months ago. There are armies of analysts figuring out how to play it and they're covering both sides.

Sure, occasionally, they'll get it wrong and a single entity will be over exposed. I'm still not convinced LTCM which was resolved by the market or AIG, resolved by the Government, wouldn't have actually created a healthier market long term should it have been allowed to fail.

So I stick with my process of spending an hour or so a month looking at my next move. When I react to things like Brexit, by the time it gets to the media and I react, I'm just running with the sheep. The market players moved months ago.

Submitted by FlyerInHi on June 22, 2016 - 11:31am.

Maybe buy a small flat in London after Brexit.
Just like here, there is a lot of anti-immigrant sentiment in Britain. There is resentment against global professionals which London is full of, so in the short term of Brexit, the economy, housing and the pound would take a beating.

Submitted by spdrun on June 22, 2016 - 11:41am.

London was full of immigrants even before the EU was a major force. I remember London in the early 90s -- it was very multi-ethnic.

I wonder why they're not whining about Commonwealth membership. A lot of their immigrants come from Commonwealth countries, and historically, there's been a lot of racist sentiment.

Maybe restricting students and workers from the rest of the Commonwealth will be next? :(

Submitted by FlyerInHi on June 22, 2016 - 11:45am.

London is not England. They elected a Muslim mayor. London is like NYC.
Brexit is like theTrump phenomenon we have here. Ugly nativist anti-immigrant sentiment.

Submitted by spdrun on June 22, 2016 - 11:51am.

The UK has been plenty multi-ethnic since they acquired colonies. I'll bet that there are more immigrants that incite racist sentiment from Commonwealth countries (former colonies) than from the EU.

Brexit is silly. The UK already is not a part of Schengen, and maintains its own immigration controls. They can allow and deny non-EU citizens at will. They also have their own currency and central bank.

Yet their subjects can live/work anywhere in the EU, which is an advantage for them. They have the best of both worlds now.

I think Brexit is dumb, but I don't mind the uncertainty and chaos that is coming from the vote.

Submitted by FlyerInHi on June 22, 2016 - 11:55am.

Yes, the U.K. has a special EU deal. Educated people know that. But the masses want scapegoats. Cameron is supporting stay but he enabled Brexit by offering the referendum. It's like the republicans enabling Trump, and then oops surprise!

I kinda want Brexit to teach the Brits a lesson. But that would be bad for us and global growth. So, no, I don't want it.

Submitted by spdrun on June 22, 2016 - 11:59am.

Bad for the US and global growth is good for buy-and-hold investors like you if they want to pick up more property. Why not kick back and root for it? A worldwide decrease in interconnection will hit property prices in the US as well, which would allow you to buy more at a better price.

Eventually, people will come to their senses, but not before some blessed opportunities present themselves.

Submitted by FlyerInHi on June 22, 2016 - 12:10pm.

I'm not greedy. I want a good prosperous economy and I want to be out there enjoying it with everyone. I don't like the dour mood.

Submitted by spdrun on June 22, 2016 - 12:15pm.

I'm greedy when fools (most people who buy property during a bubble) are concerned. A small % of people get foreclosed due to health, death in family, loss of job reasons. I feel sorry for them.

However, the majority of foreclosure and short sale owners were just blithering idiots, who took a loan ass-u-ming their income would somehow triple in five years. If they read the terms and conditions at all.

Submitted by FlyerInHi on June 22, 2016 - 1:53pm.

It's not healthy to root for something you can't control and invest an emotional stake. Que sera sera. Just embrace change, adapt and try to prosper.

The Brexit leave camp will be unhappy no matter what. They say "we want our country back" but that's not going to happen. The correct motto should be "Our country is changing, let's embrace the changes and make the country better".

Submitted by SK in CV on June 23, 2016 - 6:12pm.

S&P futures down $52
Make that $42
Make that $46

Dow futures down $350

shit's going crazy.

Submitted by Coronita on June 23, 2016 - 6:51pm.

I bought some VXX yesterday just in case. But I think when the votes are talied , stay will probably win.

Submitted by Coronita on June 23, 2016 - 9:00pm.

Holy shit. Kitco is showing gold and platinum went up like $80 overnight. I was regreting buying metals and selling 1/2 of my 401k and vanguard stock fund yesterday...I guess I got lucky this time....

Submitted by ltsddd on June 23, 2016 - 9:10pm.

Well, golden opportunity to buy tomorrow. The nikkei is down more than 8%.

Submitted by SK in CV on June 23, 2016 - 9:12pm.

It was good timing. Gold futures peaked at $1362.60 about 20 minutes ago and are now off that by $20. Make that $40 now that I've finished typing.

S&P were about $5 off limit down and finally turned around. Looks like the panic might be over. I think $2000 will have quite a bit of support. It's gonna be a long night. I've been in and out 3 or 4 times.

This is way more than I expected, though I also suspect it's pretty temporary. They've got 2 years to figure it out. But this is how the market reacts when low information voters rule. Expect the same thing on November 9 if Trump has any chance. Businesses deal quite well with uncertainty. The financial markets, not so much.

Submitted by ltsddd on June 23, 2016 - 9:22pm.

I'll be buying UDOW

Submitted by Coronita on June 23, 2016 - 9:27pm.

Dow down 500 points... I guess it's safe to assume no rate hike for the rest of 2016, lol....

UDOW is bad idea right after a drop. The issue we don't know how irrational the market is going to be on the way down....Sell in may looks like it was not a bad idea afterall.

Submitted by Coronita on June 23, 2016 - 9:30pm.

What is VIX doing right now? Where can I see this?

Is it more likely we're going to get a heck of lot more volatility over the next few weeks, as this thing flushes out?

My limited understanding is that even if the popular vote is to leave, it's not technically legally binding...I'm just wondering if they really are going to do this or if it's going to be like a GrExit in which eventually no exit occurs.

Submitted by SK in CV on June 23, 2016 - 9:35pm.

Dow futures were down almost $700, down $667 this moment.

Circuit breaker kicked in on S&P futures at $1999. It may be closed for the night.

Submitted by Coronita on June 23, 2016 - 9:42pm.

I think my luck this time prevented me from taking a $40k bath tomorrow....As much as I wished I went 100% into cash yesterday, it's unrealistic to think that I would have done this..Because if BrExit went the other way, I would have been kicking myself for selling.....

The only question now is, when should we re-enter the markets.....After November, when we are sure Trump didn't win? I figure if Trump does win, we probably will get another mini correction, just as a reaction...

Submitted by utcsox on June 23, 2016 - 9:43pm.

Is the 30-year mortgage rate going to drop to new low?

Submitted by Coronita on June 23, 2016 - 9:46pm.

utcsox wrote:
Is the 30-year mortgage rate going to drop to new low?

I guess more appropriate question is...When is UK going to introduce negative interest rates, like the Swiss...And more importantly, are we ever going to attempt that here? Lol...

BUT, I think I just found where to go on vacation next...London...Seems like now that the british pound just nose-dived 10-11% overnight, things are looking pretty appealing for the USD, lol...

Submitted by SK in CV on June 23, 2016 - 9:48pm.

I think it will bounce back to close to where we are in 6 weeks. Nothing happened. Unless 3 or 4 other countries decide to start talking about doing the same thing. Ford isn't going to sell fewer cars. Google and Facebook aren't going to stop selling advertising. Cat isn't going to stop selling heavy equipment in China. Good thing is the UK never adopted the Euro. That would have been a pain to unwind. I could change my mind by 6:30 but this could be an opportunity.

Submitted by Coronita on June 23, 2016 - 9:53pm.

SK in CV wrote:
I think it will bounce back to close to where we are in 6 weeks. Nothing happened. Unless 3 or 4 other countries decide to start talking about doing the same thing. Ford isn't going to sell fewer cars. Google and Facebook aren't going to stop selling advertising. Cat isn't going to stop selling heavy equipment in China. Good thing is the UK never adopted the Euro. That would have been a pain to unwind. I could change my mind by 6:30 but this could be an opportunity.

...and if trump wins??? :(

Hey, just playing the worst case scenario...People didn't think BrExit was going to happen..So I'm not going to discount a trump with either. Seems like the world's pendulum is swinging toward "low-information stupid"

Submitted by moneymaker on June 23, 2016 - 10:08pm.

Is it time to buy back in? Or should I wait for the real exit?

Submitted by SK in CV on June 23, 2016 - 10:13pm.

flu wrote:
...and if trump wins??? :(

Hey, just playing the worst case scenario...People didn't think BrExit was going to happen..So I'm not going to discount a trump with either. Seems like the world's pendulum is swinging toward "low-information stupid"

Completely agree. I'm still pretty confident it can't happen.... but then, H. L. Mencken said 90 years ago.

“No one in this world...has ever lost money by underestimating the intelligence of the great masses of the plain people."

he continued...

"The mistake that is made always runs the other way. Because the plain people are able to speak and understand, and even, in many cases, to read and write, it is assumed that they have ideas in their heads, and an appetite for more. This assumption is a folly.”

Submitted by Coronita on June 23, 2016 - 10:23pm.

moneymaker wrote:
Is it time to buy back in? Or should I wait for the real exit?

I think I'm going to try a different strategy this time. Knowing that I won't know exactly when is a good time to buy, maybe I'll try to feather in purchases over the next few months, with some tomorrow/monday...Some a month later and some two monhs later, etc.

Submitted by ltsddd on June 23, 2016 - 10:41pm.

moneymaker wrote:
Is it time to buy back in? Or should I wait for the real exit?

I did sell in May and I am 85% cash. So, yes, I will be moving some of that back into stocks tomorrow.

Submitted by ocrenter on June 23, 2016 - 10:42pm.

flu wrote:
utcsox wrote:
Is the 30-year mortgage rate going to drop to new low?

I guess more appropriate question is...When is UK going to introduce negative interest rates, like the Swiss...And more importantly, are we ever going to attempt that here? Lol...

BUT, I think I just found where to go on vacation next...London...Seems like now that the british pound just nose-dived 10-11% overnight, things are looking pretty appealing for the USD, lol...

LOL, was having the same convo with the wifey just now!

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