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This thing is a powder keg right now. Every dip is getting bought a bit as the "problem children trades" are covered and squared. I know because I am doing the same thing. Just sitting around begging for some volatility to make a few bucks. There will be a heavy downdraft, no one questions...

WSJ had an article yesterday about the super low ranges over the last month. I think it's only been this muted for this period of time a few times in the past 20 years or so. All the prognosticators keep saying there is no yield to be had and no place to put money except US equities -...

It's voodoo. Tarot cards. You see what you want to see.

The pressure is increasing substantially on the Fed to move. Higher rates also helps them unwind the bigger balance sheet.

I stay with the oldest version allowed by IB. Very stable.

Some new language in the statement. Economy is stronger and risks lessened - something to that effect. In Fedspeak, this opens the door for a Sept move. We'll see how the August appearances/speeches and hints play out. At some point, the feeling SHOULD be that it is more risky to leave rates...

They need to wake up and move rates higher, or this will end badly. What started as a punch bowl that no one could pull themselves away from has turned into a swimming pool. The FED has tremendous cover here to move rates incrementally higher.

From a rational perspective I would agree. Seems very difficult to go higher on anything from the Fed here, but the market is often irrational.

They won't move in July, because they would have hinted by now. But I agree they should raise. So much of their internal discussion and fretting is about whether the market would handle it or not. Clearly, right now it would.

Sounds like a great party.

Venezuela is an excellent opportunity for an economics lesson for those in the US that support Socialism. What happens when a certain percentage of the population pays nothing into the system and - on a net basis - takes money/goods/services from the system. Of course all countries have some...

It's more complicated than simply the chart movement. You have to look at WHY the move down occurred. Is it something surprising and potentially misunderstood (Brexit) or something more sustained that indicates shifting of equity portfolios by large players? The other thing to remember is the...

I still can't believe how wrong the odds were coming into Brexit. Some of the leave punters surely cleaned up. Leadsom is a bit more rounded, but May is more likely to tamp down on the free movement business. No matter the winner, I'd like to see both wind up at the table.

I trade them with IB but may not be much help as I don't find their charts reliable or useful.

William Hill had her at 11/10 earlier today after Boris bailed.

Data from an EU source? That's like quoting you as a source. Jaded commentary doesn't make it a fact. 70% of UK exports are outside of the EU already. The new paradigm will have this 70% - and potentially a good deal of the remainder covered under WTO rules. If they wish to negotiate a new...

There's a lot of misinformation still being spewed by those with their panties in a wad about the outcome of the vote. Trade agreements will be negotiated between heads of state and their reps, with the EU only acting as a conduit. There is no such thing as the UK going to the table with the...

Not sure how other brokers handle this, but you'd be sold out at IB. One contract, 5K in the account and down 100 points equals 5K. With a futures contract they are marked to market continuously and the cash reflects the movement. At 100 down, the cash and value would be zero. I'm not sure...

This mess wasn't created in a few days, nor will it be fixed in a few days. Clearly, you don't like it and your views reflect disdain for the decision. Of course decisions haven't been made. Had they been made, you would criticize that as well. The people of the UK have spoken. Now it's...

...and the media acts like the UK will simply sit around like little babies with flies buzzing around their heads until the EU arrives to feed them. Is it just the media, or do a staggering amount of people believe this to be true? Watching coverage one would swear the UK has never stood on...