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-   -   Stock Market update: Everybody panic! (https://www.subsim.com/radioroom/showthread.php?t=221611)

Skybird 06-24-16 11:31 AM

Quote:

Originally Posted by Catfish (Post 2413965)
This is a slap in the face of common sense, and against what serious politicians have fought and negotiated for, for fifty and more years.
With the radical right now raising their heads all over Europe (the land), i guess the next one to leave will be Sweden, France (Marie LePen), The Netherlands (Geert Wilders) http://globalnews.ca/news/2783859/fi...for-referendum
followed by Poland (Law and justice party), Hungary and Romania, and then some more.
One of the greatest achievements after WW2 is toppling, with its nation's right wings parties gaining acceptance, influence, and control. I guess there will be a war, if this goes on. There will surely be a lot of new war profiteers, financially and politically.
I'm out of here.

Second posting of this LINK. Just for you.

Catfish 06-24-16 11:42 AM

Quote:

Originally Posted by Skybird (Post 2413976)
Second posting of this LINK. Just for you.

Already read it. This is the last part:
Quote:

"Wenn man jahrelang von Politikern erzählt bekommt, die Welt sei eigentlich rosarot, aber immer nur Grau erblickt, wenn man die Haustür öffnet, wählt man halt irgendwann diejenigen, die behaupten, alles sei schwarz."
Volltreffer indeed.
If you AND Trump congratulate, it is maybe indeed time to panic :O:

Nah i don't really think it's the end of the world, maybe England will come out top after a while, who knows. Maybe the Eu has felt the kick in the back and changes, but: Whenever has this worked, be it UK politicians or EU ones?

Just alone thinking of the future of the ERASMUS and science programs for EU students makes me cringe. But we will see :yep:

Skybird 06-24-16 11:53 AM

Just for the record, Trump and me have NOTHING in common. Nothing.

But I refuse to label Clinton as the better alternative, or the lesser of two evils. She isn't. The Amis can chose between Anthrax and Ebola this time. Enjoy the freedom to chose. :O:

Oberon 06-24-16 12:12 PM

Must resist urge to Allahwin...

Onkel Neal 06-24-16 03:54 PM

Quote:

Originally Posted by Jimbuna (Post 2413950)
Precisely, there are many financial houses as well as individuals who will do well out of all this.

Haha, it will have to wait till tomorrow...the DOW closed 600 down :haha:

Schroeder 06-25-16 04:01 AM

Quote:

Originally Posted by Jimbuna (Post 2413950)
Precisely, there are many financial houses as well as individuals who will do well out of all this.

Indeed. The Bankers at Frankfurt are already rubbing their hands in greedy joy because they predict that Frankfurt will become the new financial center of the EU, creating about 10,000 new jobs in the bank industry....That in turn means they think that London will become rather unimportant...:yeah:

Oberon 06-25-16 04:41 AM

Quote:

Originally Posted by Schroeder (Post 2414155)
Indeed. The Bankers at Frankfurt are already rubbing their hands in greedy joy because they predict that Frankfurt will become the new financial center of the EU, creating about 10,000 new jobs in the bank industry....That in turn means they think that London will become rather unimportant...:yeah:

Yup, boy are we going to be screwed, and guess who will pay for it.

(Hint: It's not the wealthy elite)

Schroeder 06-25-16 05:58 AM

Quote:

Originally Posted by Oberon (Post 2414161)
Yup, boy are we going to be screwed, and guess who will pay for it.

(Hint: It's not the wealthy elite)

(Hint: It won't be Germany this time either...);)
But to be fair it is my understanding that it will be paid for by the people who mostly voted out.

Skybird 06-25-16 05:59 AM

Quote:

Originally Posted by Schroeder (Post 2414155)
Indeed. The Bankers at Frankfurt are already rubbing their hands in greedy joy because they predict that Frankfurt will become the new financial center of the EU, creating about 10,000 new jobs in the bank industry....That in turn means they think that London will become rather unimportant...:yeah:

Not so fast. There also is Dublin and Paris. And the fate of London imo is anything but sealed.

It is a great opportunity for Britain, to shift its financial income sources away from the stockmarket gambles, to real economy. The latter is were the real, material wealth is generated. Thats the difference between real serious investing, and just gambling. Investing means a decades-running strategy. Gambling means grab as much as you can as soon as you can and runrunrun.

Drunken of paper money paradigm as everybody seems to be nowadays, I am however not too optimistic that this will happen. And the political caste in britain still is well and alive, having an interest to prevent a limitation of their ways to spend, and then spend some more, and more, and always more.

Betonov 06-25-16 06:09 AM

London now has an opportunity to become a gateway trade center non-EU to EU.
Londons ties to the EU won't go away because of one political shift and now they have unrestricted access to the outside world*
Similar how Slovenia is a gateway for the Russians into EU, since we're the only not hostile (openly or otherwise) EU nation. We benefited (and me personaly) from Russian investors simply because all other nations hate them and Serbia is not yet in EU.

Jimbuna 06-25-16 09:28 AM

Quote:

Originally Posted by Onkel Neal (Post 2414052)
Haha, it will have to wait till tomorrow...the DOW closed 600 down :haha:

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.

Catfish 06-25-16 02:54 PM

Maybe the bankers move from London to Frankfurt, but i doubt it.
I see western french ports will gain on importance, since imports to Europe will not use UK territory for landing EU-destined goods anymore.

Onkel Neal 06-26-16 06:57 PM

Here we go!

Tomorrow, will the market keep dropping like a turd in a well... or will investors jump in and grab the deals?

Oberon 06-26-16 07:02 PM

Quote:

Originally Posted by Onkel Neal (Post 2414650)
Here we go!

Tomorrow, will the market keep dropping like a turd in a well... or will investors jump in and grab the deals?

Nikkei opens any minute now...let's see where it goes...

http://www.bbc.co.uk/news/business-36636853

ddddoooooowwwwwnnnnn

Still, nice to see our Chancellor is going to make a speech, probably along the lines of:

https://pbs.twimg.com/media/BsnAXzrIAAAMdU3.jpg

Mr Quatro 06-26-16 07:56 PM

The stock market was down 500 points way back in late January 2016 and then it bounced back as oil prices came down. It use to take a year or more to bounce back now it is up and down with the usual profit takers making money off of someone else's mistakes.

This is what Wall Street does ... make money. It's not gambling like Vegas with fixed odds on every game (except craps has a little slop). It's an investment and they know how to sell and wait for a lower price to buy and how to pump in more money when the market is ready to go back up.

I think it will make a come back :yep:

The Stock Market Is Not The Economy article January 22, 2016

http://fivethirtyeight.com/features/...t-the-economy/
Quote:

“It’s not like the market resets at the beginning of each year.” Set aside the psychological importance of the New Year and what we’re really talking about is a market that lost 9 percent in 12 trading days (as of the end of Wednesday). That’s hardly unprecedented. We had equally bad 12-day stretches in 1950, 1955, 1957, 1962, 1966, 1970, 1973, 1974, 1978, 1979, 1981, 1987, 1997, 1998, 2000, 2001, 2002, 2008, 2009, 2011 and 2015. That list includes some brutal recessions and memorable crashes, but also several incidents that proved little more than blips. Remember the great crash of September 1998? Don’t be too hard on yourself if you don’t: After plunging 11 percent in 12 days, the S&P 500 rebounded to end the year up nearly 27 percent. (For what it’s worth, the drop was attributed to a financial crisis in Russia.)


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