Editor: Philip Ragner | Tactical Investor
Random Musings
One should never panic for as we have repeatedly stated once you panic the outcome is always negative. The long-term chart of the Dow clearly illustrates why stock market crashes are nothing but buying opportunities in disguise. What the masses fail to understand is that when you feel good about investing in the markets, the markets are usually dangerously close to experiencing a massive correction. One has to go against the crowd if one expects to succeed in the markets. There is no such thing as teamwork when it comes to stock market investing; teamwork does not pay and will ensure that you are always rewarded with a solid kick in the head. The masses cannot win as there is not enough money to go around for everyone. Stock Market Crashes-Is Panic Warranted
But the Government’s opponents in the Lords are confident of victory in a vote on a new clause headed: “Parliamentary approval for the outcome of negotiations with the European Union”.
The new clause proposes:
:: The Prime Minister may not conclude an agreement with the European Union under Article 50(2) of the Treaty on European Union, on the terms of the United Kingdom’s withdrawal from the European Union, without the approval of both Houses of Parliament.
:: Such approval shall be required before the European Parliament debates and votes on that agreement.
:: The prior approval of both Houses of Parliament shall also be required in relation to an agreement on the future relationship of the United Kingdom with the European Union.
:: The prior approval of both Houses of Parliament shall also be required in relation to any decision by the Prime Minister that the United Kingdom shall leave the European Union without an agreement as to the applicable terms.
“We expect and intend that this will happen before the European Parliament debates and votes on the final agreement.”
“As we showed last week, we may also pass amendments on issues where we think it would be helpful for both the government and the Commons to take another look.” Full Story
May refuses to commit to date for Brexit white paper after delay
heresa May and European Union leaders backed plans at a late night Brussels summit to keep British MEPs in the European Parliament if Brexit is delayed past the March 29 2019 deadline, The Telegraph can reveal.
The revelations risk destabilising an already divided Cabinet ahead of a crunch Chequers meeting on Friday to hammer out a British Brexit vision. At a Conservative fundraiser on Monday, Mrs May issued a desperate pleas for unity. Full Story
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