 Good morning to CMC espresso from the Frankfurt office of CMC Markets. The bulls, the buyers, have taken the free lunch from the delayed rate hike plans of the Federal Reserve and reaped in some profits yesterday. George Soros, the famous investor, has taken control of shorting stocks and buying gold by himself. At least that is what the famous investors have been leaking to the press. It makes sense that he does that on a day where stocks are getting weaker. It is known from his 13F filings with the Securities and Exchange Commission where he reports with a certain delay of some weeks the transactions that he did and it is known that he is massively short already and has been so for weeks betting on a sinking S&P 500 index for it to go lower for a while. From all I can say he must be already underwater with his short position as the index rose in the past weeks. So it is in the pure self-interest of Soros to do what he does. I think that he bets on an exit of the UK and a correction in stocks so he could get out of his short position and he just wants to make sure that short sellers are not losing it here because if that were to happen there could be an expensive short squeeze at least for Soros and the short sellers this could be expensive for equity bulls of course this would be true inland. One not so bullish guy named Mark Farber the author of the Klumbum-Dum report is of the opinion that if Crete Britain were to leave the European Union it could be very bullish for economic growth quite a contrarian call here from Farber as other countries he says could also leave the EU which is in his opinion a drag on economic development. So the EU that is. He names Switzerland as a positive example of an economic successful country which is also independent from the EU although geographically just in the middle of it. If the UK leaves so would Croatia, Estonia and Malta so that's at least what Farber thinks for the UK itself it wouldn't be a disaster if it were to leave the EU in his opinion it is quite to the contrary it would be the best thing for Britain that could ever happen.