Don't look now but Dow is only about 100 points lower then the high before Brexit.

[yellowcanine]

http://money.cnn.com/data/markets/dow/

Armageddon and the Rapture will have to wait, it seems.

[yellowcanine]

4. Warren Buffet on gold.

Gold, however, has two significant shortcomings, being neither of much use nor procreative. True, gold has some industrial and decorative utility, but the demand for these purposes is both limited and incapable of soaking up new production. Meanwhile, if you own one ounce of gold for an eternity, you will still own one ounce at its end.

http://fortune.com/2012/02/09/warren-buffett-why-stocks-beat-gold-and-bonds/

[A HERETIC I AM]

27. Another great line I read about gold;

Back in the 1890's, a $20 gold piece would buy you a finely tailored suit.

Today that very same, 1890's vintage $20 gold piece will buy you a finely tailored suit.

It's a store of wealth and nothing more.

[whatthehey]

5. No man, it's a rigged casino that the hyperrich control, dude.

There's no way real working people© can afford the $3.95 it takes to make a trade or have access to the arcane financial wizardry of dividing price by earnings and checking assets and liabilities on any of the dozens of portals which offer market quotes for free on the internet. You can't expect real working people© to understand the complex statistical analysis of deciding whether this century of precedent shows a career's worth of biweekly contributions would likely increase or decrease in value (even ignoring dividends and tax benefits). Damn you man you know only billionaires can benefit from this, or their lickspittle lackeys who buy access to their table scraps by such demeaning obsequious vassalage as...well, looking at Google finance charts and doing a bit of basic math.

[yellowcanine]

21. It is a cliche but buy and hold works.

I just do not have a lot of patience for the folks who say that the stock market is only for the 1%.
The people who put aside a small amount every paycheck over a lifetime of earnings may not get rich but they are going to do well. And anyone who does not find a way to take advantage of an employer match is simply being foolish.

[Throd]

2. What, no cannabalism?

[SoLeftIAmRight]

3. fear fear fear

far too many jump at every bump

and little work to stop

Climate change and the sixth global mass-extinction event is happening now

[SoLeftIAmRight]

12. wow

???

[SoLeftIAmRight]

14. it is hot most august days in

death valley

[1939]

26. Problem is that

we have been doing deficit spending for the last 58 years with no end in sight. We don't stop when the depressions end.

[B2G]

6. Apocolypse, we hardly new ye. nt

[Blue_Tires]

7. The implications are a bit more far-reaching

than the DJIA, but whatev...

[whatthehey]

15. Yes there's other markets too for a start

Most of which are doing the same or better

http://www.news.com.au/finance/markets/global-markets-stage-brexit-recovery/news-story/3b5f741dcd846751e2068ac59a1e4462

Yes there are major legal and sociological upheavals ahead, but the financval meltdown the doomers predicted is, in these early days, showing signs of being a passing and weak fad. Could the next bit of news, or even an Article 50 move in reality, cause another downturn? Of course, but sensible people will see another buying opportunity then too.

[Blue_Tires]

17. Oh, so this whole thing is just about markets?

Here I am worrying about it being open season on non-whites and immigrants, but the markets have rebounded so everything's all good!

[whatthehey]

18. Oh so you didn't read the whole post?

[Blue_Tires]

19. The part where you didn't say anything about

Non-whites and immigrants? Or the other part?

[yellowcanine]

23. Of course. But some were freaking out because the Dow dropped 600 points in one day.

And it was no reason to freak out. That is all.

[Warpy]

16. Told 'em so.

If you're going to play the market, you need nerves of steel. There are always going to be sudden drops when Chicken Little panics over world events or when some damned hedge fund's computer has a major glitch. You also have to concentrate on how many income generating shares you have and what they're doing instead of the paper value that fluctuates daily. To do otherwise is the way to insanity.

[pampango]

20. A victory for the 1% in the UK should be good for stocks. The rich get richer; stocks to higher. n/t

[MohRokTah]

22. Fortunately, other EU members decided not to follow the UK off the cliff.

That was how an utter global meltdown would have happened, an exodus of three or four other members immediately following on after the Brexit.

Now, the UK will have a recession, unless they figure out some way to back out of it.

[pampango]

29. France's far-right leader is on-board with 'Frexit' though she doesn't have the power now.

Marine Le Pen Prepares For "Frexit"

On Thursday evening, Marine Le Pen, the head of France’s far-right National Front, gathered with Party leaders at a fish-and-chips restaurant in the Sixth Arrondissement of Paris, in a kitschy salute to what they believed would be a continuance of their shared destiny with the British.

“A new Europe will emerge,” she said. “For all patriots, for anyone who loves liberty, today is a day of joy. It is not that Europe is dead but that the European Union is teetering, and the nations are being reborn.”

Since 2013, Le Pen has maintained that, if she attains power, she will hold a referendum on France’s membership in the E.U. within six months.

“Before, this was unheard of,” Florian Philippot, a National Front vice-president and Le Pen’s top strategist, told journalists gathered at the Party headquarters, in Nanterre. “Now it’s no longer unheard of. There’s a precedent, and that changes a lot.”

http://www.newyorker.com/news/news-desk/marine-le-pen-prepares-for-a-frexit

[deaniac21]

24. Bears make money bulls make money

pigs get slaughtered.

[yellowcanine]

25. Update: Dow closes at 17,929.99

Even if there is some pull back tomorrow this will be a good week for the markets.