Stock Market update: Everybody panic!

[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.

[Oberon]

Originally Posted by Catfish

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.

Honestly, I wouldn't worry about that too much, if it's going to happen it probably won't happen in our generation, but the next generation or two is probably going to see more of the worst side of European politics than we are, and we're already seeing some pretty terrible parts of it.
I don't see a war in western Europe in my lifetime anyway...Eastern Europe...that's less clear.

Meanwhile Daily Mail readers react:

[Skybird]

Originally Posted by 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.

Second posting of this LINK. Just for you.

[Catfish]

Originally Posted by Skybird

Second posting of this LINK. Just for you.

Already read it. This is the last part:

"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

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

[Skybird]

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.

[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.

[Catfish]

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]

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]

Originally Posted by Onkel Neal

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:

[Jimbuna]

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