Stock Market update: Everybody panic! - Page 12

Oberon · 06-29-16, 12:22 PM

The FTSE 100 has returned to pre-Brexit levels, so that's good...still, we had quite the setback and a lot of money was lost, but for now things are starting to level out...starting...
Let's try and keep it that way, ok Tories?

Onkel Neal · 06-29-16, 09:57 PM

I'm ahead of where I was on Weds of last week, thanks Brexit. Do it again, please.

Reece · 06-29-16, 10:49 PM

Catfish · 06-30-16, 01:06 AM

The pound should be soon where it was before.
What has been promised after a Brexit will be slightly corrected, and the election pledges will follow.
Nothing happened, carry on

Reece · 06-30-16, 01:24 AM

STEED · 06-30-16, 06:36 AM

Quote:

Originally Posted by Reece

Casino betting, nice one hedge fund managers betting on a remain vote and they crashed the stock exchange further than it would have gone last Friday. Time this sector cleaned out the rubbish. As for today looks like its all settling down for now.

Oberon · 06-30-16, 07:26 AM

Quote:

Originally Posted by Onkel Neal

I'm ahead of where I was on Weds of last week, thanks Brexit. Do it again, please.

Given what's going on with the two main parties at the moment that's not out of the question.

Onkel Neal · 06-30-16, 07:58 AM

Don't I know it

Jimbuna · 06-30-16, 09:45 AM

Quote:

Originally Posted by Jimbuna

Just give it a week or two Onkel, the £ was at an almost all time low to the $ (1.32) early on so anyone buying at that rate can currently cash in at around 1.37, quite a tidy sum for those financial institutions looking for a quick profit and the rise will continue a bit further it is being predicted.

At one point bank shares were down 30% so imagine the gain to be made for those who bought at that rate and this is before Mr Carney (B o E) actually starts to do something for his high salary, for a change.

The 'experts' all predicted the large drops but fell short of stating their intentions to purchase during the lows and reap the benefits when the conditions levelled off, which they most certainly will, if not to the original highs but not too far off.

Money not only looks after money but it also makes more of it.

Told you so

Oberon · 06-30-16, 10:00 AM

Well, to be fair, the £ hasn't exactly made it back to pre-Brexit levels, it was 1.50 $ to £ before the results on Thursday night, and hasn't breached 1.37 since then. The FTSE100 is better now though, so that's something.

Kapitan · 07-02-16, 03:25 AM

Quote:

Originally Posted by Oberon

Well, to be fair, the £ hasn't exactly made it back to pre-Brexit levels, it was 1.50 $ to £ before the results on Thursday night, and hasn't breached 1.37 since then. The FTSE100 is better now though, so that's something.

To be honest i know it will affect me in the exchange when i go back and forth to the states but if we do become fully detached that sort of exchange rate is good for exports so in the long run a lower exchange could be rather handy.

pain in the ass if you want to go anywhere though

Schroeder · 07-02-16, 05:42 AM

Quote:

Originally Posted by Kapitan

if we do become fully detached that sort of exchange rate is good for exports so in the long run a lower exchange could be rather handy.

It's good for a country like Germany that exports more than it imports. The UK however doesn't actually export much. Even small countries like the Netherlands or Canada (which is only small in population of course) have a comparable volume of exports.
In 2015 there have been imports into the UK with a value of ~ 625,8 billion USD and only ~460,45 billion USD worth of exports. So as a net importer the UK will actually suffer from a weak(er) currency.

Catfish · 07-02-16, 09:34 AM

Quote:

Originally Posted by Kapitan

...pain in the ass if you want to go anywhere though

Yep, but since they prefer their splendid isolation, it will not affect them

Seriously, the real outcome will only be visible in two years. The "catastrophy" some talked about has not happened, or been postponed.

wolfman Ben · 07-02-16, 09:50 AM

Quote:

Originally Posted by Rockstar

Chinas growth slowing. US stock market taking a header. DOW close to closing for seven minutes to regroup.

uh oh not good also I'm an interesting guy who likes sub sims

Jimbuna · 07-02-16, 10:27 AM

Quote:

Originally Posted by Kapitan

pain in the ass if you want to go anywhere though

I'll know that better when travelling abroad next summer.

06-29-16, 09:57 PM	#167
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,289 Downloads: 534 Uploads: 224	I'm ahead of where I was on Weds of last week, thanks Brexit. Do it again, please. __________________ SUBSIM - 26 Years on the Web

06-29-16, 10:49 PM	#168
Reece CINC Pacific Fleet Join Date: Sep 2003 Location: Down Under Posts: 32,779 Downloads: 171 Uploads: 0	__________________ *Sub captains go down with their ship!*

06-30-16, 01:06 AM	#169
Catfish Dipped Squirrel Operative Join Date: Sep 2001 Location: ..where the ocean meets the sky Posts: 16,897 Downloads: 38 Uploads: 0	The pound should be soon where it was before. What has been promised after a Brexit will be slightly corrected, and the election pledges will follow. Nothing happened, carry on __________________ >^..^<*)))>{ All generalizations are wrong.

06-30-16, 01:24 AM	#170
Reece CINC Pacific Fleet Join Date: Sep 2003 Location: Down Under Posts: 32,779 Downloads: 171 Uploads: 0	__________________ *Sub captains go down with their ship!*

06-30-16, 07:58 AM	#173
Onkel Neal Born to Run Silent Join Date: Jan 1997 Location: Cougar Trap, Texas Posts: 21,289 Downloads: 534 Uploads: 224	Don't I know it __________________ SUBSIM - 26 Years on the Web

06-29-16, 12:22 PM	#166
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	The FTSE 100 has returned to pre-Brexit levels, so that's good...still, we had quite the setback and a lot of money was lost, but for now things are starting to level out...starting... Let's try and keep it that way, ok Tories?

06-30-16, 10:00 AM	#175
Oberon Lucky Jack Join Date: Jul 2002 Posts: 25,976 Downloads: 61 Uploads: 20	Well, to be fair, the £ hasn't exactly made it back to pre-Brexit levels, it was 1.50 $ to £ before the results on Thursday night, and hasn't breached 1.37 since then. The FTSE100 is better now though, so that's something.