Dow Futures Down 900 Points From Pre-Brexit Highs, Plunge Below Friday's Crash Lows

zerohedge.com ^ | June 26, 2016 | by Tyler Durden

[Helicondelta]

US equity futures are tumbling at the open following Cable and USDJPY's dive. Dow futures dropped 100 points (down 900 points from pre-Brexit highs) and broke below Friday's early crash lows...

Do not worry though, The IMF is on it...

[Jack Hydrazine]

SHORT EVEYRTHING!!!! (except gold and silver ;) )

[Jack Hydrazine]

You are correct. This is just being used as an excuse to basically blame the people for voting for Brexit.

[B4Ranch]

I’m with you - have been out since January. I’m going to wait until Trump gets in Office. I think there’s a good chance of another drop.

[Iron Munro]

Panis selling because the mili-second Brexit passed there were great changes in the world economy, trade and finance.

Oh - wait.

Actually Brexit caused nothing to change.

And it may never become reality.

[neverbluffer]

AGREED!

[Jack Hydrazine]

Love this reader comment on the story at the link.

"I'm gonna OD on popcorn if this shite keeps up..."


BEFORE BREXIT

AFTER BREXIT

[Iron Munro]

Oops!

Panis should be PANIC.

[political1]

If you have a fear that the Euro-dollar is about to crash because Great Britain is leaving the European Union then you would sell all paper assets and buy commodities or transfer investments into solid currencies. Once you have transferred your currency from the Euro-dollar to the American dollar (solid currency)then you can go back to the stock market, and buy back the paper assets. I could be wrong, but I think this is called swap option in the hedge fund market. Swaptions in the currency market.

[Jack Hydrazine]

Gold and silver are just going to continue to climb.

[batterycommander]

Briton will drop the metric system

[wjcsux]

It is short-term. Just think how bad it would be several years later if we don’t kick the globalists to the curb.

[familyop]

The Dow is only down 72 points for the session at this time. Not bad at all.

[familyop]

The Dow future, that is—only down 67 points now.

[HereInTheHeartland]

“The simple fact is, they are intentionally attempting to mislead!”

But breathless hysteria is fun to post! I had to laugh as well seeing the Dow futures down 61 points!
Having said that; it looks like rough sledding.

The big thing is the 10 year Treasury. It has pretty much taken out all the lows in recent memory. Time to refinance again!

[familyop]

WTI crude is still holding up nicely, too.

[SubMareener]

As we get closer to the open, the panic is subsiding.

U.S. Stock Futures
S&P -6.75 / -0.33%
Level 2,011.75
Fair Value 2,028.17
Difference -16.42
Data as of 11:23pm ET
Nasdaq -15.50 / -0.36%
Level 4,246.75
Fair Value 4,275.91
Difference -29.16
Data as of 11:23pm ET
Dow -59.00 / -0.34%
Level 17,188.00
Data as of 11:23pm ET

[G Larry]

Na...looks stable to me....

Nikkei +1.39%
HSI - 0.75%
ASX + 0.70%
Shanghai +0.86%
KOSPI - 0.15%
CNBC Asia IDX +0.36%

[Paulie]

Margin call, gentlemen...

[Captain Compassion]

Don’t whine. Go short.

[Trod Upon]

Nah, this drop is the result of Trump angst....