The Masked Tulip

Osborne and Cameron will be out of Parliament and in the banks come Christmas IMPO. Carney is on too good a whack at the moment but you never know.

Is it a UK banking crisis or a EU banking crisis that is coming? Been getting lots of letters and emails from banks warning about the 75K limit.

Is anyone going to mention gold and silver? I am not a gold bug but it seems sensible to move into PMs now if not in already?

He wants to crush the Pound so that foreigners come in and ramp property prices.

Be chuffed - Foxtons is heading back down.

Well, that caused the FTSE to spike up and the Pound to tank.

Well, Carney just made a speech and the Pound went into a waterfall movement down.

Is that a before and after?

May has just come out with a very strong speech. Said that BREXIT is BREXIT, that the British people have spoken and that there is no going back now or trying to change the will of the British people. Also said that there should not be another general election until 2020. Said that the government's duty is now to negotiate BREXIT. Said some stuff about the economy.

Didn't he back-track on migration in the past 48 hours - imagine that would have cheesed off a load of Tory MPs?

May will win. She will wear lots of black leather and appeal to the naughty boy and girl inside every Dominatrix loving Tory. Anyway, who cares - they are all Tories at the end of the day.

DB and Santander shares dropping over 3% this morning.

Sssh.

Worth a listen. http://www.kereport.com/2016/06/28/important-addition-discussion-rick/

The US markets appear to have hit 2030 on the S&P 500 as resistance and are now heading back down. Today will be very interesting for the markets generally. If the Yanks can continue up then crisis over. If they head back down today then FTSE and other markets probably will go lower again this week - perhaps tomorrow - so just watching and waiting now.

Well, the world has not ended yet.

Looks weak. http://stockcharts.com/h-sc/ui?s=FOXT.L&p=D&b=5&g=0&id=p50188089196

No. This week is a buying opportunity in stocks. I think the FTSE bottomed yesterday, or will do so this week, and I suspect 6,500 sooner than people realise. Edit: Was just in Tesco - every item I bought was 5p more expensive today than last week. Just saying.

Good article: http://www.mauldineconomics.com/this-week-in-geopolitics/is-brexit-the-end-of-the-eu

Have you bought?

One trick pony. Did it in Canada. Done it here.

Mark Carney raises IRs tomorrow morning at 7AM by 5% to protect the Pounds. His head then explodes as he realises that he has betrayed EAs and BTLers everywhere.

Fears Brits will not be allowed on holidays. EU airports might charge more to land.

UK downgraded by S&P. Pound slips.

The last two times we have had sizeable corrections in the markets - Jan 2016 and August 2015 - were buying opportunities. If you had chosen some choice stocks you could have made some serious money. The question now, of course, is what is going on with contagion as the banks are going down down like nine-pins at the moment. Will we get a bigger sell off of US markets into the mid 1900s or even into the 1800s on the S&P. I hope so as I have my eye on quite a few company shares.