Dow Jones Industrial Average Surges As Investors’ Brexit Fears Fade, Nike Inc. (NKE) Stock Slides

U.S. stocks rallied for a second day Wednesday as the initial panic surrounding Britain's vote to leave the European Union settled and investors sought out bargains.

Historians may well label this and the past few decades as the age of the Fear Monger. The western political class has invoked fear of a cooling climate, a warming climate, aerosol chemicals, land fills, fracking, nuclear power, fossil fuels, and even the air which plants breath and on which all life of this planet depends (CO2), labeling them as things that will kill us. At the same time actual physical threats like your bearded Muslim neighbor playing with diesel and fertilizer in his basement, the quiet guy down the street who goes out of his way to pal up with your adolescent kid, or the professor at your son’s or daughter’s college drilling Marxist babble into their impressionable skulls are sacrosanct. They’ve pushed the mainspring of common sense almost as far as it can go and the snap back is going to be really something.

There has been no lack of hyperbole from the anti-Brixers, all of it hysterical as well as most of it being outright lies.

Here’s a bit of seeming hyperbole, but IMHO time is on its side.

Brexit is as transformative and positive as was the Fall of the USSR and the end of the Iron Curtain “from Stettin on the Baltic to Trieste on the Adriatic.”

Nigel Farage warns that Tories are ‘backsliding’ over immigration and could keep free movement of labour
http://www.independent.co.uk/news/uk/politics/brexit-nigel-farage-immigration-tories-free-movement-of-labour-backsliding-a7107066.html

David Cameron’s sister-in-law after Brexit vote: ‘How quickly can I join Labour?’
http://www.independent.co.uk/news/uk/home-news/david-cameron-sister-in-law-labour-emily-sheffield-brexit-eu-referendum-result-a7106176.html

Brexit live: Corbyn’s economic advisers criticise his EU referendum campaign
Andrew Sparrow and Claire Phipps
Wednesday 29 June 2016 11.29 EDT
http://www.theguardian.com/politics/live/2016/jun/29/brexit-live-sad-cameron-eu-immigration-corbyn-leadership

Labour’s Chris Bryant attacks Ed Miliband as party heartlands back Brexit [called Ed Miliband a “tosspot”]
http://www.telegraph.co.uk/news/2016/06/24/labours-chris-bryant-attacks-ed-miliband-as-he-blames-him-for-de/

Labour MP To Quit Parliament Following Abuse From Pro-Brexit Voters
[North West Durham, waaah, wacism!]
Jim Waterson
BuzzFeed News Reporter, UK
https://www.buzzfeed.com/jimwaterson/labour-mp-to-quit-parliament-following-abuse-from-pro-brexit

[snip] The MP was appointed to Jeremy Corbyn’s top team as shadow education secretary on Monday but just 24 hours later she publicly declared she will leave parliament at the next general election, warning the party should prepare for a vote in October. “I have found the last six months very, very difficult... The referendum has been incredibly divisive, it divided families and communities and I have found it bruising in many respects. It has had an impact on both me and my family as I am sure it has had on many others. I have informed my CLP Chair that whenever the next General Election takes place, I will not be Labour’s candidate. [/snip]

Why Brexit May Finally Break Labour
By Charles Lees On 6/28/16 at 10:53 AM
http://www.newsweek.com/brexit-may-finally-break-labour-475339?piano_t=1

sidebar:

Row over Plaid Cymru Labour coalition comment after Brexit
26 June 2016
http://www.bbc.co.uk/news/uk-wales-politics-36633184

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