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STOCKS RALLY: Here's what you need to know (SPY, SPX, DJI, IXIC)

Stocks rallied on Tuesday for the first time since Britain's decision to leave the European Union sent global markets into free fall.  First, the scoreboard: Dow: 17,403.46, +263.22, (1.54%) S&P 500: 2,035.69,...



A great migration of trading talent is about to start

The UK is leaving Europe.  More than 17 million people voted last week for the country to leave the European Union, winning a referendum, triggering the resignation of the country's prime minister, and a downgrade of its credit...



Morning News: June 28, 2016

China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit Draghi Calls for Global Policy Alignment to Lift Economic Growth U.K. Stocks Rise With Global Markets as Barclays, Lloyds Rebound Cameron Heads to Last Supper in Brussels...



The dollar is slipping

Good morning! The US dollar is slipping as the post-Brexit hysteria starts to die down. The dollar index is down by 0.6% at 95.93 at 7:34 a.m. ET.   "A measure of calm has returned to global financial markets. Yet...



Why Diesels Were About to be Obsolete Anyway

As Volkswagen reaches a settlement for US owners, something occurred to me. Have you ever had a really great idea in the shower? I haven't. My epiphanies usually come while behind the wheel on some remote stretch of Highway 101 or driving down a...



Chipotle Has A Sad New Plan To Win Us All Back

What do you do after suffering E. coli breakouts and a couple norovirus scares?  Invent a rewards program, of course. That'll win 'em back! The strategy seems worth a try to Chipotle. The company is...



Britain Backtracks as Panic Rises

New York Times: “Prime Minister David Cameron and the former London mayor Boris Johnson, members of the governing Conservative Party who were on opposite sides of the debate over Britain’s membership in the 28-nation bloc, both signaled...



Will Brexit Blowback Derail The Expected Q2 Rebound In US GDP?

Next month’s “advance” GDP report for the US in the second quarter is widely projected to show that economic activity will rebound from Q1’s sluggish 0.8% gain (which is expected to be revised up to 1.0% in today’s revision,...



Facebook Adds Slideshow Feature to iOS App

Facebook Monday introduced a feature for users of its flagship iOS application, Slideshow, not to be confused with the ad unit of the same name that debuted last October. The social network said in an email to SocialTimes that the Slideshow feature...



Eight-Member Court Leans Left Without Deadlocks...

Eight-Member Court Leans Left Without Deadlocks...(First column, 3rd story, link)Related stories:Supreme Court poised to issue major abortion ruling...Last Day Action... ...



Is the Middle Class Moving on Up?



Bottom Line Nation: How Housing’s New Players Spiraled Into Banks’ Old Mistakes

Some private equity firms that came in as the cleanup crew for the housing crisis are now repeating errors that banks committed, while others are bypassing the working...



Asian stocks, pound fall in Brexit aftershocks

TOKYO (Reuters) - Asian stocks fell and the British pound tumbled more than 2 percent in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union. ...



Further reading

Elsewhere on Monday, - Brexit is a message about Englishness to the elite. - When preference falsification strikes. - Schäuble’s secret Brexit plan. - The Snowbot. Continue reading: Further...



We Just Witnessed The Greatest One Day Global Stock Market Loss In World History

More stock market wealth was lost on Friday than on any other day in world history.  As you will see below, global investors lost two trillion dollars on the day following the Brexit vote.  And remember, this is on top of the trillions that...



George Will and the Failure of WASP Conservatism

Much is being made of the fact that George Will recently announced that he has left the Republican Party because of the nomination of Donald Trump. My initial reaction, and the reaction of many others judging by the responses I have seen, is "Good...



If you care . ..

These are two best articles I've read on why Brexit occurred: "Brexit: A Very British Revolution". "As a historian, I can assure you this is the most tumultuous event of modern times, a people's revolt against...



George Soros: With Brexit, EU Now On The Verge Of Collapse

George Soros is back again with a dire warning – the Brexit could lead to the disintegration of the European Union. I noted in his earlier op-ed that Soros only focused on UK concerns with the EU and not with a EU break-up, but that it must...



3 Hottest Housing Markets in America Right Now

Hot housing market | Justin Sullivan/Getty Images The real estate market is on fire. Home prices continue to climb higher, the average new single-family home is now bigger than ever, low-document loans are starting to resurface, and Rocket Mortgage ads...



Dow drops more than 600 points as Brexit raises risk of global recession

The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into freefall and tested the strength of the safeguards put in place since the last downturn seven years...



NBA: Top 3 Teams Kevin Durant Could Play for in 2016

Ronald Martinez/Getty Images The 2015-16 NBA Playoffs may have just finished, but that doesn’t stop the long-running conversation about Oklahoma City Thunder star forward Kevin Durant’s pending free agency next summer. The 27-year-old will...



‘Game of Thrones’: Who Are We Supposed to Hate Now?

Warning: Spoilers ahead for Game of Thrones Game of Thrones recently hit us with their biggest episode yet, and it sent the internet into a frenzy. It featured one of the most satisfying deaths we’ve ever seen in the series,...



YouTube Tries to Take Care of Its Creators



Paul Krugman: Brexit: The Morning After

"Worry about Britain": Brexit: The Morning After, by Paul Krugman, NYTimes: Well, that was pretty awesome – and I mean that in the worst way. ... That said, I’m finding myself less horrified by Brexit than one might have...



Black Friday: Shocking Brexit Vote Result Causes The 9th Largest Stock Market Crash In U.S. History

Has the next Lehman Brothers moment arrived?  Late Thursday night we learned that the British people had voted to leave the European Union, and this could be the “trigger event” that unleashes great financial panic all over the...



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Chipotle Has A Sad New Plan To Win Us All Back

What do you do after suffering E. coli breakouts and a couple norovirus scares?  Invent a rewards program, of course. That'll win 'em back! The strategy seems worth a try to Chipotle. The company is...



The dollar is slipping

Good morning! The US dollar is slipping as the post-Brexit hysteria starts to die down. The dollar index is down by 0.6% at 95.93 at 7:34 a.m. ET.   "A measure of calm has returned to global financial markets. Yet...



Why Diesels Were About to be Obsolete Anyway

As Volkswagen reaches a settlement for US owners, something occurred to me. Have you ever had a really great idea in the shower? I haven't. My epiphanies usually come while behind the wheel on some remote stretch of Highway 101 or driving down a...



Facebook Adds Slideshow Feature to iOS App

Facebook Monday introduced a feature for users of its flagship iOS application, Slideshow, not to be confused with the ad unit of the same name that debuted last October. The social network said in an email to SocialTimes that the Slideshow feature...



Britain Backtracks as Panic Rises

New York Times: “Prime Minister David Cameron and the former London mayor Boris Johnson, members of the governing Conservative Party who were on opposite sides of the debate over Britain’s membership in the 28-nation bloc, both signaled...



Bottom Line Nation: How Housing’s New Players Spiraled Into Banks’ Old Mistakes

Some private equity firms that came in as the cleanup crew for the housing crisis are now repeating errors that banks committed, while others are bypassing the working...



Morning News: June 28, 2016

China’s Li Won’t Allow ‘Rollercoaster’ Markets After Brexit Draghi Calls for Global Policy Alignment to Lift Economic Growth U.K. Stocks Rise With Global Markets as Barclays, Lloyds Rebound Cameron Heads to Last Supper in Brussels...



STOCKS RALLY: Here's what you need to know (SPY, SPX, DJI, IXIC)

Stocks rallied on Tuesday for the first time since Britain's decision to leave the European Union sent global markets into free fall.  First, the scoreboard: Dow: 17,403.46, +263.22, (1.54%) S&P 500: 2,035.69,...



Asian stocks, pound fall in Brexit aftershocks

TOKYO (Reuters) - Asian stocks fell and the British pound tumbled more than 2 percent in early trade on Monday as markets struggled to shake off deep uncertainty sparked by Britain's decision to leave the European Union. ...



A great migration of trading talent is about to start

The UK is leaving Europe.  More than 17 million people voted last week for the country to leave the European Union, winning a referendum, triggering the resignation of the country's prime minister, and a downgrade of its credit...



Will Brexit Blowback Derail The Expected Q2 Rebound In US GDP?

Next month’s “advance” GDP report for the US in the second quarter is widely projected to show that economic activity will rebound from Q1’s sluggish 0.8% gain (which is expected to be revised up to 1.0% in today’s revision,...



If you care . ..

These are two best articles I've read on why Brexit occurred: "Brexit: A Very British Revolution". "As a historian, I can assure you this is the most tumultuous event of modern times, a people's revolt against...



Further reading

Elsewhere on Monday, - Brexit is a message about Englishness to the elite. - When preference falsification strikes. - Schäuble’s secret Brexit plan. - The Snowbot. Continue reading: Further...



Eight-Member Court Leans Left Without Deadlocks...

Eight-Member Court Leans Left Without Deadlocks...(First column, 3rd story, link)Related stories:Supreme Court poised to issue major abortion ruling...Last Day Action... ...



Is the Middle Class Moving on Up?

Robert Samuelson, Washington...



3 Hottest Housing Markets in America Right Now

Hot housing market | Justin Sullivan/Getty Images The real estate market is on fire. Home prices continue to climb higher, the average new single-family home is now bigger than ever, low-document loans are starting to resurface, and Rocket Mortgage ads...



Drop the Ban on Supersonic Aircraft

WSJ: In the 1960s the future of aviation seemed bright. In 1958 Boeing had built its first jetliner, the 707, which cruised at speeds of up to 600 mph. The Concorde came along in 1969, flying at Mach 2—more than 1,500 mph. An age of affordable...



Dow drops more than 600 points as Brexit raises risk of global recession

The risk of another global recession escalated Friday after Britain’s stunning decision to leave the European Union plunged financial markets into freefall and tested the strength of the safeguards put in place since the last downturn seven years...



Paul Krugman: Brexit: The Morning After

"Worry about Britain": Brexit: The Morning After, by Paul Krugman, NYTimes: Well, that was pretty awesome – and I mean that in the worst way. ... That said, I’m finding myself less horrified by Brexit than one might have...



Initial Guidance | 24 June 2016

The UK voted to leave the European Union, dealing a heavy blow to Europe’s 50-year effort to create a unified economic region and unleashing a hefty dose of economic uncertainty for Britain, Europe and perhaps the world economy in the months...