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.

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? 🙁

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.

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.

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.

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

Dow futures down $350

shit’s going crazy.