Off Topic EU deabte. Which way are you voting ?

Sorry fella but it's not rocket science.

In the build up to the vote the markets fell when polls suggested Leave would win and the markets went up when the polls suggested Remain would win.

You can view any chart and it will confirm that.

 

Very Last time.

Very few saw it coming.

Volatility is a byproduct of uncertainty. As I've tried to explain, there are no simple answers. I don't have one, the Gvt doesn't, nor the BOE.

Stability will only come with more certainty. That will only come when our future relationship with Europe becomes much clearer.

 

Mervyn King and a few other high ranking economists were on tv today saying that we shouldn't rush into anything, as that's the best way to stabilise things.

For reference, which expert do we follow, and how do we decide that?

 

The volatility is nothing to do with what traders thought would happen or not. They deal in the present, manage risk and protect their investors cash. 'Chasing the bet' is nothing to do with it, as in this context, the crashing pound is due to a massive cash out on sterling, moving money to what are consider safer currencies.

Look at the British based building company and car dealer group stocks today. They've absolutely tanked, why? Because the first sectors to suffer as a recession hits is housing and high cost capital goods. Traders are bailing out of those shares fearing the worst, same as happened in '08.

 

Saved me replying to Nostradamus.

 

You do realise it was a referendum, not a General Election - nothing, except an opinion, has been exercised. Solid communist thinking though, you'll go far; weed out the socially uneducated and leave ****ing up society to the intelligentsia and financially incentivised.

 

If you look at the stocks that have tanked in the 100 it's the British companies exposed to the domestic and EU markets ie Lloyds and Easyjet. More international companies like Shell have risen as they are a safer bet. The 250 has been completely decimated as they're mostly British companies.

I don't think there's a lot of recovering positions, it's more about getting out of the U.K.

 

Yes that's a big part of it now. Do you deny that speculators put early pressure on the economy?

 

Exactly what Cameron has done. Volley it into the long grass and allow public opinion to become so strongly against this absolute madness that a GE can be used to lance the boil.

In the interim the uncertainty in the markets will deliver some pain, but a few months of pain followed by an opportunity to over turn this debacle is the best we can hope for. The alternative of actually following through on invoking article 50, will ensure years of economic strife in this country, as we strive to clamber out of the pit that we've thrown outseloves into.

 

Some people voted based on what Nigel promised them. They're now bemused as they've realised the only power Nigel has is in the European Parliament so he can't fulfil his promises (many of which were lies). People like that shouldn't be allowed a vote. Their stupidity makes them dangerous.

 

Your cross is waiting for you, up you get, mind them thorns!

 

Traders react to information and trade accordingly. A mate of mine is a trader and he was telling me today that the market increases on Thursday that lead people to believe the outcome was going to be remain, was due to some of the brokers following the ****ing bookies odds! They believed some of the big money that was apparently placed on Thursday hinted at some inside polling information and they acted on it. Madness, but that's how the markets work.

 

Go **** yourself...if you can manage that, at least!...

 

I didn't even know I had voted. Our parents just sent all of ours off apparently

They voted leave

 

For me, a lot of remain winning was already priced in. Therefore, very small upside if they won.

If I was going to trade into the referendum, it would have been a small short just in case. Otherwise, stay flat and pick it up afterwards.

 

Economists on tv today disagreed, saying a longer period was required before anything like that, and with the exception of the Lib Dems, most politicians are saying the referendum should be honoured and no GE should be called. Lets face it, there's no party in a position to fight one, so we end up exactly where we are, but with probably a year or more turmoil in between.

How should we decide which expert to believe?

 

Do you live on the same compound as Custard?

 

Eh?

No, I live in my bedsit, mate.

 

So much for the experts. I used the self and same technique and made money.

 

Wow, I am really impressed.
Some of you predicted, with a Leave result, that the pound would drop in value and the stock market would become volatile in all the uncertainty.
Slow clap....well done....you ****ing gurus!

Who would have guessed!