Saturday, June 25, 2016

Brexit causes 2 trillion dollar losses in stock market as millions of Brits experience "Bregret."

Courtesy of ABC News:

The Dow Jones Industrial Average plunged 611 points, or 3.39 percent, as investors reacted strongly to news that the United Kingdom voted to leave the European Union. U.S. markets closed at three month lows. 

Friday's sell-off marked the Dow's biggest drop in 10 months. All told, there were an estimated $2.1 trillion in losses across global markets today, according the S&P's Howard Silverblatt. There were an estimated $830 billion in losses estimated in U.S. markets today. 

The Nasdaq dropped 202 points, or 4.12 percent, while the S&P 500 slid 76 points, or 3.6 percent. 

U.S. crude fell 5 percent, or $2.47, to settle at $47.64, its largest one-day decline since February. 

From Europe to Asia to the United States, financial markets showed panic over the so-called Brexit.

There is also news that the United Kingdom may not deserve that name for much longer.

Courtesy of the New York Times: 

There has long been political jostling among the four nations that constitute the United Kingdom, but the so-called Brexit referendum has divided them in ways that mean they may not come back together again. England and Wales voted to leave the union. Scotland and Northern Ireland voted to stay. Within hours, Scottish and Irish politicians raised the possibility that their nations would leave the United Kingdom so they could remain in the European Union. 

“This outcome tonight dramatically changes the political landscape here in the North of Ireland,” said Declan Kearney, the chairman of the political party Sinn Fein, which has legislators in Northern Ireland and the Republic of Ireland and has long sought their reunification. Mr. Kearney said Sinn Fein would seek a referendum to have Northern Ireland leave the United Kingdom and join Ireland, an independent country (and European Union member). 

Scotland rejected a proposal to quit the United Kingdom in a referendum in 2014, in part over concerns that as an independent country, it would be unable to join the European Union and would suffer economically. On Friday, Nicola Sturgeon, the first minister of Scotland, said her party would “prepare the legislation that would be required to enable a new independence referendum to take place.”

While all of this is going on there are millions of British citizens who are hoping that the "no take backs" rule is not in effect in this case.

Courtesy of the Washington Post: 

A petition calling for another referendum on whether Britain should stay in the European Union has now received at least 2.1 million signatures — a level that means it must now be debated by British politicians. It was apparently so popular that the British Parliament's website, where the petition was hosted, briefly crashed.

The hope is to somehow invalidate the Brexit vote and get things back to normal in the United Kingdom, before that moniker gets retired for good.

What the political fallout might be if they succeed in shifting this whole thing into reverse is anybody's guess, but I imagine that the country will suffer some serious political schizophrenia for quite awhile.

Let's just make sure that every Trump supporting moron is paying close attention to what is happening here, becasue if their candidate were to be elected they would likely suffer the same feelings of regret now sweeping the British Isles.


  1. Anonymous4:35 PM

    Fucking idiots!

    1. Anonymous6:12 PM

      Regret that Cameron ended up as PM in a coalition government.

    2. Trickle down economics, pointless war after war, Citizens United, NRA, Sarah Palin, voter suppression, systematic destruction of unions, education, pensions, social programs, mass shootings, etc. Indeed, those fucking idiot Brits. If only they had our foresight and wisdom.

  2. Anonymous4:37 PM

    Reposting this on this thread:
    This is the best thing I've read on how messed up the Brexit crowd is now; it points to the improbability of Brexit's implementation and why. It's in a tweet, but if you put in the link on your browser, everyone can read it whether on Twitter or not. It's a long comment from The Guardian site, not an article.

    1. Anonymous4:56 PM

      The link to the article the comment above is posted on is here:

  3. Anonymous4:42 PM

    And a cautionary tale for the Bernie followers who think they'll stick it to Hillary by casting a "protest" vote for the Donald. In the UK they somehow thought their protest votes wouldn't count and look where it got them. On the day after the vote the Leave party had already admitted that the promises they made about leaving the EU were untrue. Do not believe any politician who tells you something too good to be true -- you listening down there in coal country - coal is DEAD and the Donald ain't bringing it back. Nor is he going to get Mexico to pay for a wall or improve your economic circumstances (unless it somehow makes money for him). Wakey wakey. Brexit is definitely as example for every voter come November.

    1. Anonymous6:15 PM

      Even more concerning: The 18-24 voters who would be most impacted by leaving the EU didn't show up to vote while the 65+ crowd was out in force. If you know a young person, get them to the polls.

    2. Anonymous9:12 PM

      Anonymous 4:42 PM, times 1,000.

      Brexit is proof that people who vote with their emotions only bring the sky down on their own heads.

      No matter what 'elites' you THINK you are voting against, there will always be some other 'elite'/powerful interest group/force to take their place. This is still planet earth, it is not Utopia, man is still imperfect, and what some people call 'freedom' is really nothing more than anarchy – the cruelest and most brutal of all possible systems.

      The most self-helpful thing we all can do is learn to respect one another, realize how many interests we all have in common, get along with one another, and then work together, rather than against one another, as best we can, for the goals that will benefit all humanity.

    3. Anonymous9:22 PM

      Who says they'll bother to vote at all.

      Your constant insults and attacks on Bernie supporters are not only driving them away from the polls, but keep it up and you'll get your unintended wish; they'll be so pissed and alienated they'll vote for Trump out of spite.

      Is that what you want? Because the constant vitriol is not endearing Hillary to anyone and is going to result in the opposite of your hoped for effect.

      You're not recruiting them to vote for Hillary. You're driving them away. Right now just to not vote. Keep it up and you'll drive them to vote for Trump.

      Is that clear enough for you or should I use smaller words and a simpler vocabulary?

    4. Anonymous12:11 AM

      9:22- You're adorable!

    5. Anonymous2:34 AM

      9:22, it is not the job of anyone to coddle the Bernie supporters. If you want to cut off your nose to spite your face and vote for Trump, be my guest.

      I am voting a Democratic ticket because Team D will do better for the country than the Republicans. This is not about any single individual; it is about winning the Presidency, the Senate and possibly the House.

      Hillary has vowed to run a 50 State campaign, something no Dem has tried to do since Nixon and his southern strategy (although Howard Dean would have had he won the nod back in 2004).

      It's a free country, you can vote for anyone you like.

    6. Anonymous9:22 PM, you have a lot of nerve accusing others of insulting Sanders supporters when according to you, Sanders supporters are so stupid, emotional, petty, and vindictive that they will vote for Trump if someone insults them or hurts their feelings. Or maybe in a fit of pique they will just sit at home and sulk.

      If his supporters really believe in his stands and his principles, then they wouldn't give a damn what others say about them or to them.

    7. Maple6:58 AM

      Nefer -- So glad you pointed that out! Needed to be said.

    8. Anonymous12:14 PM

      Anonymous9:22 PM,

      There ya go. "vote for Trump out of spite"...anyone who does that doesn't deserve the right to vote. Stupid and ignorant but they want respect.

    9. Anonymous12:16 PM

      Anonymous9:22 PM,

      I am done "recruiting" or kissing their ass to get them to the right thing. Luckily, I don't think you speak for them, only your inafntile self.

    10. Anonymous12:19 PM

      So you're basically defending being as nasty and vicious as you want because if Bernie supporters were really Democrats they'd just turn the other cheek, suck it up, take all your crap and still vote for Hillary.

      Boy, you enjoy being a bully so much I'm surprised you're not a Trump supporter.

      You justify being a mean POS so well.

      Do you just not get the concept of it's over, you won and time to be civilized? Or you just feel it necessary to punish anyone that didn't vote your way?

      At what point will you just shut up, act like an adult, let it go and leave the schoolyard?

      I suppose when Gryphen sets the example which won't be any time soon.

    11. Anonymous12:50 PM

      @ anon 9:22pm
      Stomping your feet and whining may get your Mommy to give you attention but in the adult world it doesn't work.

    12. Anita Winecooler3:11 PM

      Just today on meet the press, Bull Shit ooops Bernie Sanders said he'd vote for Hillary IF she..... and he spouted off a list of his bullshit, if not, his voters "may go elsewhere". How magnanimous of you, Bernie. Hillary shall bend to my will or feel the wrath of the Bernie Brigade cutting off their noses to spite their faces.
      Sorry, Bernard, doesn't work that way. She's smart and needs no help from you whatsoever. Would be magnanimous of you to concede like every other democrat, and throw your support behind the winner. That is, if you get a hair cut, a new suit or two, stop with the finger disco moves and be more gracious. Yeah, she's a woman, get used to it.

  4. Anonymous4:54 PM

    Sorry to see so many Brits are as dumb as so many Americans.

    1. Maple7:56 AM

      There will never be a shortage of stupid people in the world. The ones we have to be concerned about are the willfully ignorant.

  5. Anonymous5:26 PM

    We kept our stocks, which performed well despite Brexit, but we took our trusts, 401's, IRA's and tucked them into very low interest (6%) money market funds back in May because we knew Brexit could be bad for the markets.

    Dad was a fund manager and now day trader (retired) as hobby and he always steers us around any detrimental financial downfalls. That being said, even those who stayed in will probably be right back where they started in a few months, but I can't take that stress of not knowing!

    1. Anonymous5:30 PM

      Rumblings from EU countries like France about leaving will get us shifting our portfolio to cash as well. The Brits just have no idea how badly they've screwed everyone with their stupid vote.

    2. Anonymous6:40 PM

      I wouldn't be concerned about the Far Right in any European country getting a referendum. The British have never considered themselves part of Europe, their entry into the EEC notwith$tanding.

      To enter the EEC the British shat on all their traditional trading partners, and IMO their self-interest will prevent them from quitting the EU.

    3. Anonymous6:41 PM

      I wish I could get 6% interest in Australia. No chance.

    4. Anonymous7:07 PM

      Love to know who's paying 6% on a money market fund?? Not likely.

    5. Anonymous7:07 PM

      Love to know who's paying 6% on a money market fund?? Not likely.

    6. Anonymous7:53 PM

      Hey, 5:26....

      6% money market funds?!!!! NO. WAY.

    7. Anonymous12:10 PM

      After what happened to the pound and the UK's credit rating I doubt any other EU country is going to follow their lead and leave.

      It's become the third rail, like social security; touch it and die.

      I only hope this results in Boris Johnson's political death.

  6. Anonymous5:54 PM

    Take our country back; make America great again.
    "Does anyone really know what time it is?" -- Chicago

    1. Cracklin Charlie8:43 PM

      Does anybody really care?

    2. Anita Winecooler3:00 PM

      The IM karaoke night has just begun.

  7. This is really troubling.

  8. Anonymous6:05 PM

    rupert "little OLD dick" murdock. Piss off.

  9. Anonymous6:18 PM

    The only thing that Brexit and a Trump presidency have in common is that they're both ruinous.

    1. Anonymous6:44 PM

      And they both want to "take their country back" to some mythical past where everything was perfect for white people.

    2. Cracklin Charlie8:42 PM

      How do we get them to understand that they are really just nostalgic about their childhood, when they were blissfully ignorant of the major events of the world, and the daily struggles faced by their parents, and millions of families just like their own?

      Someone needs to find a way to make learning about history cool.

  10. Anonymous6:26 PM

    The internet reported that several hours after the vote was counted huge numbers of Brits were googling "what is the EU". So many of them had no idea what they'd voted for .... that's Palin-level ignorance.

  11. Anonymous6:48 PM

    LOL. Lindsey Lohan tweet comparing Boris Johnson to Palin (which one I don't).

    "@BorisJohnson using your child’s graduation for CAMPAIGN? sounds like someone in USA who used a child out of wedlock for PR.... #Remain

    — Lindsay Lohan (@lindsaylohan) June 24, 2016"

    1. Anonymous8:11 PM

      If only Bristol would enulate that bookworm Sunny Johnston's life of quiet achievement. That girl is a true intellectual and it shows in her kids and friendships.

    2. Caroll Thompson2:36 AM

      I never thought Lindsay Lohan would tweet anything I liked, but there it is.

  12. Anonymous7:15 PM

    The Trumpazees will still vote for Trump. They are incorrigible. Trump tells them what they want to believe. They exist at a Sarah Palin level of ignorance and stupidity.

    1. Anonymous7:39 PM

      They explain his flip flops on all his statements as a tactic to get the mainstream votes! What idiots!

  13. Anonymous7:43 PM

    These Cartoons Sum Up The World’s Reaction To Brexit

  14. Anonymous7:45 PM

    dRumpf=buttplug face to Scotts.

  15. Anonymous7:47 PM

  16. Anonymous7:50 PM

    Brexit: Do you #Regrexit? UK voters voice doubt over referendum choice

  17. Anonymous7:53 PM

  18. Anonymous8:09 PM

    Guardian journalists denied entry into Donald Trump UK event

  19. Anonymous8:10 PM

    Petition to hold second EU referendum reaches 2.5m signatures

  20. Anonymous8:12 PM

    Angry Scots Troll Donald Trump Over Brexit Gaffe

  21. Anonymous8:12 PM

    Brexit shock - France 'overtakes UK as world’s fifth largest economy' after pound plunges

  22. Anonymous9:20 PM

    Oh, dear, the Brits were sold a bill of sales that's not what it seems. Just like we are being sold the Donald. Seems like there's asshole voters on both sides of the Atlantic.

  23. Anonymous9:32 PM

    The value of the pound dropped to equal the dollar making a pound worth less than a euro.

    That's gotta hurt.

    I think Northern Ireland should leave the UK and unite with Ireland. I'll bet this go around Scotland votes EU over UK too.

    So much for the UK. It will just be Britain (no longer great) and Wales.

    Take note: Boris Johnson is the Donald Trump of Britain only smarter. Be afraid. Come November you don't want to regret vilifying all of the Bernie supporters.

    1. Caroll Thompson2:43 AM

      I am not going to kiss the ass of any Bernie supporter to try to change their mind. If you Bernie folks want to vote for Trump, so be it. Don't look for anyone to try to change your mind.

      We Democrats (the real ones who have been in the party for our entire lives) are uniting behind Hillary (and hopefully Elizabeth) and all the down ballot D's. The primary is past and the one with the most votes won.

      If you don't want to get on the D train, you can take the Trump train to the living hell this country would be with Trump at the helm.

    2. Anonymous8:47 AM

      Yeah, done with coddling the Berners. Their vote is on them. If they are dumb enough to vote for Trump, then they are emotional and not logical voters: most likely they were never Democrats anyway.

  24. Anonymous9:42 PM

    From cash woes to digital #fails, Trump's campaign is 'worst of all possible worlds'

    He may rule Twitter, but there is no evidence that the presumptive GOP nominee is building the digital fundraising and volunteer network he needs to win

    Donald Trump just collapsed in a key swing state

  25. Anonymous9:43 PM

    WTF?This is missing the Palin KKKlan

    1. Anonymous10:31 AM

      Kanye is certifiably mentally ill.
      Too bad he doesn't get the treatment he needs.

  26. Anonymous10:40 PM

    Proof positive that bigotry and ignorance have dire consequences. Will America learn from the Brits error?

  27. Anonymous10:56 PM

    How old people have screwed over the younger generation - in three charts

  28. Anonymous11:07 PM

    So what does it all mean for you? How Brexit will affect your holiday money, mortgages, passports and health cover

  29. Anonymous11:10 PM

    How come so many were so stupid to listen and swallow all those lies. I hope it will be a warning to other lighthearted people in the other EU countries.

    The EU is not perfect, but has given an enormous prosperity and peace for us. I saw a party political broadcast from the leave gang and was shocked by it's manipulation and lies. How can one of the oldest democracies in the World accept this kind of lying and manipulation in a political campaign?

    Products being advertised on tv have to reach certain standards according to rules and laws. It is shocking to see that the Leave campaign were able to lie to such an extend.

    Another question to ask is, why there was a vast majority of under 45's who wanted to remain within the EU and the plus 65 voted to leave the union. Is it democratic that the 65 plus determines the future for the younger generation? How come London, Scotland and some larger cities voted to remain in the EU? There was a clear link between better education and voting to remain, did these people look through the lies form the Leave camp?

    The outcome of the referendum is very sad for the both the UK and the EU. There is a big chance that Scotland will become independent and might even stay within the EU. All trade negotiations will have to be re-negationted. That will cost income and jobs, both in the EU as well as in the UK. The huge drop in shares will have an impact on the pensions paid out at the moment, again will have an impact on the economy.

    The EU referendum shows also that such an important decision which will have an impact for generations and the welfare and economies of several countries, should have never been decided through a referendum.

    During the Second World War, many young British soldiers lost their lives liberating the continent and fought the Nazi's. They gave their lives for the freedom which helped to create the EU. We in the remaining 27 countries will have to work hard to ensure that they did not give their lives in vain. Because you can ridicule the EU as much as you want, but it has brought an enormous prosperity and peace to a continent which has seen so many wars before. That is working together, that is providing for it's citizens, that is how you can prosper and let our children grow up in a world where they can express themselves and make full use of their talents. That and that alone is for more worth than rules of how straight a cucumber has to be. It is a pity that the enormous benefits of membership to the EU has not been explained in a clear way. This has to be a red alert to the EU and the remaining 27 countries. Make sure we clearly show what the EU stands for.

  30. Anonymous6:44 AM

    A candidate to replace PM Cameron .. Boris Johnson looks like like Trump's brother.

  31. Anonymous7:09 AM

    I don't think there is anything to sway the diehard Trump supporters, all they care about is their racist views.

    What I hope is the moderate Republicans will cross over, after Trump's "show" in Scotland and his glee over the devaluation of the pound so that HE can make more money, maybe a wakeup call that he is only in it for himself. World be damned.

    Makes you wonder how much damage he would be willing to do to the US economy so that the dollar drops and he can make more money in his hotels/casinos.

  32. Anita Winecooler2:49 PM

    And Trump only cares that this move will be good for his new golf course in Scotland, screw the middle and lower class, just get my by pound of gold.
    If one pulls the pin on a hand grenade, then changes their mind, if they stuff it back in, does everything go back to the way it was?


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