Brexit, Take 1

Wow. That’s all I can say right now. I’ve been out all evening, among other things watching a socialist argue vigorously with an even further left socialist, which allowed me to grab an extra bag of popcorn and enjoy the show. It’s like watching your ex-wife argue with your ex-mother-in-law.

Brexit is Britain’s equivalent of Proposition 13 and the tax revolt of the 1970s in the U.S. I expect anti-EU sentiment will now spread to the continent, and Brussels will be very conciliatory in the coming months.

Meanwhile, as of this writing stock market futures for tomorrow morning’s open look grim, with the Dow Jones indicated for possibly a 600 point fall. Looks like time to buy on any overdone selling. I think this is like the Y2K bug—an overblown threat.

Will David Cameron survive? Maybe for a few weeks, but not long, I predict.

This result is probably good news for Donald Trump. What a coincidence: he’s in Scotland tomorrow. His first foreign policy test. This is going to be interesting.