sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Monday, June 27, 2016

Is this it?

Brexit caused a big down day in equities.  2 trillion $  in value is now gone. It looks like an all time high was reached the night before, then americans woke up to a big gap down as the votes were counted in merry old england.  The s & p was down over 3%.  Im liking it.  Maybe this is the first step in the equity selloff.  Of course, i would prefer a non-energy sell off rather than an all out equity sell off.  I dont have control over that.  China cant go much lower so my china trade may push up as the west goes down.  My oil trade is still thinking but i know eventually it will disconnect with the rest of the market.  Soon it may be considered a safe haven.

We'll see.

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