[expat_panama]

imho this is no problem for the Fed in terms of monetary policy. If inflation goes above the 2% target they can raise rates, it hasn'nt, they shouldn't. Our so-called 'bind' are the two delusions that the fed controls the economy and that we got very low unemployment. Them that believe that (imho) bigger problems than Brexit...

[Paladin2]

"The Fed released the following statement Friday morning: "The Federal Reserve is carefully monitoring developments.."

That's what Hussein's flacks say quite frequently.

[expat_panama]

It's a beautiful Monday morning and stock indexes tanked!  Our 4% drop in ballistic volume put IBD's outlook at "market under pressure" and we begin the new week w/ futures traders expecting more YUGE -4.15% losses coming up.

Stat before the bell:  International Trade in Goods. 

News:

Brexit Is Anti-Market Rejection of Globalization - Larry Elliott, Guardian
Why Brexit Represents a Screaming Buy - Mark DeCambre, MarketWatch
Brexit Surprised a Lot of Hedge-Fund Moguls - Alexandra Stevenson, NYT
Brexit Won't Be 'Lehman Moment' So Many Fear - Ben Marlow, Telegraph
Why Brexit Is More About Entrance Than Exit - Roger Kimball, PJ Media
Friday's Dow Plunge Was 22% Brexit, 78% the Fed - Louis Woodhill, RCM
Trump/GOP Need Platform That Backs Brexit Gamble - Seth Lipsky, NYS
Trump/Clinton Push Radically Different Econ Cures - Al Hunt, Bloomberg
Anti-Deficit Lobby Cheers GOP Plan to Boost Deficit - Jonathan Chait, NY
Hillary Pleads for 4 More Years of Obama - Steve Moore, Washington Times
After You Paid Tab, Obama Wants to Hit You w/Tab - Tony Sayegh, RCM
We Need to Get Better About Selling Trade - Levy & McDaniel, Investor's

[arthurus]

Brexit is perhaps the dreaded “Black Swan?”

[Caipirabob]

If the economy was so fragile, why should Britain be compelled to participate and subsidize such a failed model?

[DCBryan1]

Thinking of buying KO, PM, D, GE, T, VZ, DOW, CSCO, for equities today.

Have any good suggestions on preferred stocks?

[Buckeye McFrog]

They were in a bind long before this.

[tbw2]

Peter Drucker wrote in an 1990s update of his 1960s classic “Managing in a time of great change” that it was clear federal spending didn’t solve recessions, and borrowing to create spending didn’t help, either.
I think no one else has read the book, though the 2010s have proven that all the more true.

[citizen]

This one little vote, unimplemented mind you, shows us - again - what a shaky house of cards the whole EU and EU financial system is.
Ditto the unsound financials in Greece and Portugal and Ireland and Spain and Italy and ...
I think Poland will vote to abandon the (P)EU quickly, within less than a year.