Stock Market update: Everybody panic!

[Jimbuna]

Originally Posted by Jimbuna

I don't invest in shares directly now, preferring to go down the Unit Trust route but you are quite correct IMHO, oil can only go one way now but the question is when?

Getting in now with prices so low is all one can do, then sit and wait for the inevitable rise.

[Oberon]

The Financial Times has just given up now:

[Jimbuna]

One can't honestly say this wasn't already predicted.

[Skybird]

Don't chase charts and diagrams.

They are astrology. They pretend to show causality, where there is none.

[Jimbuna]

Originally Posted by Skybird

Don't chase charts and diagrams.

They are astrology. They pretend to show causality, where there is none.

Precisely, there are many financial houses as well as individuals who will do well out of all this.

[Oberon]

The question is if the British people are one of those houses....

[Catfish]

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.

[Mr Quatro]

Originally Posted by Jimbuna

Precisely, there are many financial houses as well as individuals who will do well out of all this.

They (if you know who they are then you are one of them) say that this separation from the EU will take years to complete.

Mean while the advice every rich parent gives to his or her children,

"Buy low and sell high"

[Onkel Neal]

Originally Posted by Jimbuna

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

[Jimbuna]

Originally Posted by Onkel Neal

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

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.

[Schroeder]

Originally Posted by Jimbuna

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...

[Oberon]

Originally Posted by Schroeder

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...

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

(Hint: It's not the wealthy elite)

[Skybird]

Originally Posted by Schroeder

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...

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.