What will be will be, stop crying about it, embrace it and make the UK great, or keep up your crap and cry yourself to sleep
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What will be will be, stop crying about it, embrace it and make the UK great, or keep up your crap and cry yourself to sleep
That's nice rhetoric Custard but what will be wont be what you thought it would be and I suspect you'll continue complaining about how the foreigners are stealing your jobs and we're having to bend over for Europe, probably even more so as Britain is now a bit weaker. I don't really see anyone crying, I do see that people who actually understand the various repercussions are a bit disappointed that we've voluntarily hamstrung Great Britain.What will be will be, stop crying about it, embrace it and make the UK great, or keep up your crap and cry yourself to sleep
A lot of that is correct. I don't buy the theory that investors are betting that the UK won't actually leave the UK. It's possible that some speculators who go for higher risk strategies are doing just that. But it is high risk.
The main reason for the rally is short covering. Investors, traders, scalpers who were short from late Thursday onwards (which would have been most of them once it began to appear that leave were likely to win) will have made some good profits. As there doesn't look like being any new significant news in the immediate future, they've done what I would do in the same situation, take profits.
For those who don't understand how this works, if you are 'short' you have sold something that you most likely don't actually own in the hope that you can buy it back later at a lower price before delivery on the contract becomes due. Consequently, those who were short have to buy the index, or the underlying individual stock to cover their short position. This naturally causes a temporary rise in that index or stock as there are many buyers. Once you have done that you are 'flat'. Next thing is to look for the next opportunity to make money. That will almost certainly come as this whole sags unravels.

You're wasting your time mate. The outers on here have convinced themselves that it's now all sweet as a nut. Most haven't got a clue about how the markets actually work, and what will happen the minute article 50 is actually actioned and sets off a chain of irreversible effects. They'll find out in due course. In the meantime let them celebrate their 'victory' the realisation will dawn at some point in the next few months / years.
That's more like it, not condescending, but informative and positioned as your opinion and well qualified- thank you, at last.
I agree, we are back to the waiting game, but this has been a forever way of things. Further volatility will come when leading companies make a warning statement, but I think most will realise the danger of that and be cautious, sharing the wait and see approach.
All conditions of Free Movement and One Market can be bespoke and combined to create a workable deal. My belief is that once our leadership is sorted - it gives us a legitimate breathing space - the newly appointed Brexit Team will act fast and they will get full cooperation (as is reasonable) from the EU to do so; the same will be the case for parallel negotiations with the USA and other trading partners. There will be pain and joy; as in child birth, it is difficult to predict the final outcome, but it is certain that top professionals will be nursing the process along and that the political parents will be looking for a win-win, as keeping the extended family together is critical.
My personal view is that eventually, when all is done and dusted, there will be a good number of Remain politicians who will quietly be overjoyed at the end result.
The problems with worldwide economies were here before Brexit, they will be the true Remain, but we will have new and refreshed mechanisms to deal with ours.
Internally we will have much to do, but it will be worth doing. It will be interesting to see how the Home Nations approach reflects the progress that will be made. Like I said, it's my opinion and pretty much what I've said all along.![]()
You might need a "For Sale" banner to slap across that in the not too distant future.You must log in or register to see images
You might need a "For Sale" banner to slap across that in the not too distant future.
I have to say Custard, for a mid 40's guy, you come across like someone in their 80's!
I've just pointed out that in the vast majority of cases their agreements dont involve freedom of movement.
I wish I could share your optimism. I can only hope for the sake of the U.K. That you're right.
I think markets will be quiet now until after Monday - unless some major new news comes along. Monday is 4th July, a big US holiday. I realise that it shouldn't really affect European Mkts, but it will. So much of a lead is still taken from what happens over there.
He has an incentive.David Kelly, chief global strategist at JPMorgan Funds.
How so?I think most unrest will be generated by comments from the likes of this guy, who Stan quoted:
He has an incentive.
May.Who would you want in No 10
Boris or May?
I think May would be better for the country than Boris
How so?
No offence fella but I think that's bollocks. I was at a do last night and spoke to loads of bankers and hedge fund managers about what Brexit meant for them. Not a single one of them is enjoying these uncertain times. A good pal of mine who runs his own hedge fund looked like he'd aged ten years in a week and spent the whole evening staring at his phone as he's bricking it about various positions he's stuck in that he can't currently call properly. Don't get me wrong, I don't have too much sympathy for him as he makes an absolute fortune but I can assure you that he doesn't like uncertainty in the markets!Stoking uncertainty stokes anxiety which is what the markets feed off, that is his incentive. Sometimes it is unavoidable, sometimes it is, but not very rewarding and rewarding is what matters to him, money, not responsibility, that's the problem for politicians and Captains of Industry.
No offence fella but I think that's bollocks. I was at a do last night and spoke to loads of bankers and hedge fund managers about what Brexit meant for them. Not a single one of them is enjoying these uncertain times. A good pal of mine who runs his own hedge fund looked like he'd aged ten years in a week and spent the whole evening staring at his phone as he's bricking it about various positions he's stuck in that he can't currently call properly. Don't get me wrong, I don't have too much sympathy for him as he makes an absolute fortune but I can assure you that he doesn't like uncertainty in the markets!
Don't think that's what was being discussed.Not wishing to sound harsh, but the man on the street dont care for bankers, even if it ****s the country up a bit.
Don't think that's what was being discussed.