Boots & Sabers

The blogging will continue until morale improves...


Everything but tech support.

0551, 24 Jun 16


I gotta admit, I thought they would vote to stay in the EU.

Prime Minister David Cameron is to step down by October after the UK voted to leave the European Union.

Speaking outside 10 Downing Street, he said “fresh leadership” was needed.

The PM had urged the country to vote Remain but was defeated by 52% to 48% despite London, Scotland and Northern Ireland backing staying in.

UKIP leader Nigel Farage hailed it as the UK’s “independence day”, while Boris Johnson said the result would not mean “pulling up the drawbridge”.

Scottish First Minister Nicola Sturgeon said she was “absolutely determined” to keep Scotland in the EU so a second Scottish independence referendum was now “highly likely”.

It’s proving to be a fascinating political year on both sides of the pond.


0551, 24 June 2016


  1. Kevin scheunemann

    Some of those Brits have a good head on their shoulders after all!

  2. Mark Maley

    Pound down 30%
    An estimated 3 million jobs lost
    All so they can “take their country back ”

    Trump said the pound devaluing would be good for his golf courses .

    The Lunacy continues

  3. Kevin Scheunemann


    If you had British Pound puts, or stock market index puts, or dollar index calls, you made out pretty well.

    Some stock index puts on stock market went up 10 times there value in one day.

    3 million jobs lost is scare mongering tactics by those that do not like decision.

  4. Mark Maley

    That comes from my Son in law works in private equity in London
    He’s probably a tad more up on this than you or I

  5. Mark Maley

    That’s also the opinion of the British version of the Fed

  6. Major Booris

    Oh please, Kevin, PLEASE tell me you’re a day trader in addition to a fast food franchisee, armchair theologian, and ‘relatively sophisticated pro se litigant’. Truly a Renaissance Man for our times.

  7. Kevin Scheunemann


    I just don’t see the loss of 3 million jobs. What industries are going to lose jobs because of this?

    When was the last time a FED, or Central Bank, was really correct on anything?


    I would classify myself more as a “swing” or “position” trader.

    I have diverse interests.

    You forgot “humble politician” on your list.

  8. Kay

    The referendum was advisory only. Parliament is free to ignore the vote. The political backers of the Brexit have begun to withdraw from commenting in public. The enormity of implementing an exit from the EU will give more that a few MP’s pause and possibly led them to ignore the vote.

  9. Northern Pike

    “What industries are going to lose jobs because of this?”

    Any industry that benefits from the unfettered movement of goods and capital across the globe. Conservatives used to believe this until they got UKIPed and Trumped.

  10. Kevin Scheunemann


    EU was “unfettered”?

    Many in Britian thought it was a socialist regulatory nightmare surrendering sovereign power to unelected socialists in Brussels.

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