Yep it's over. Also regardless of the actual impact this may have in the long term, the perception is clearly bad. In the short term this is all that matters and it will not be good for the global markets. I'm leaning towards bad long term, but regardless of my opinion, when you have numerous economists/news media/public figures coming out telling everyone how bad this is, the market is not going to take it well at all.
well the out won and Britain is out of EU ... I quote Old Fart because IMO those few lines say it all.... bravissimo OF ok today expect a black Friday ... gold stocks will move .. the £ will go down (already lost over 10% the Nikkei losing 7.90% etc etc... etc.. France they got problem because the workers won't accept the changes that EU impose them (they are on strike) .next year France will have the general election so another referendum "out of EU"? .. look in Italy we just had regional election and the movement against corruption and EU got the most city.town .... the PD (Democratic) took a beat... the ppl had enough here from a good living gone to poverty thanks to EU:... only if you leave here can understand what is going on... as Old Fart say>>>> the super rich who are already manipulating everything. This oligarchy thinks they own this planet and all who live on it... PS the pre market here already down 12% ....
breaking news D.Cameron (UK P/minister) resigned is "good bye" speach >>> http://www.independent.co.uk/news/u...e-latest-prime-minister-general-a7099936.html IMO nearly all the EU parliament should resign ... replace them with persons that do good for countries -EU not only part of it!!
S&P falls more than 3%, Dow off 550 points with financials lagging U.S. stocks traded sharply lower Friday in a global risk-off trade after Britain surprised markets by voting to leave the European Union. The S&P 500 traded 3 percent lower to near 2,050 afternoon trade. Financials declined more than 4.5 percent as the greatest laggard. Goldman Sachs had the greatest negative impact on the Dow Jones industrial average, which held about 500 points lower.
'This is the worst,' Alan Greenspan says of British break from EU Christine Wang http://www.cnbc.com/2016/06/24/alan...k-from-eu-is-just-the-tip-of-the-iceberg.html Former Fed Chairman Alan Greenspan told CNBC on Friday the U.K. vote to leave the European Union ushers in a period that's even worse than the darkest days of October 1987. Britons voted by 51.9 percent to quit the 28-country union, shocking markets that had priced in a win for the remain camp. "This is the worst period, I recall since I've been in public service. There's nothing like it, including the crisis — remember October 19th, 1987, when the Dow went down by a record amount 23 percent? That I thought was the bottom of all potential problems. This has a corrosive effect that will not go away." -Alan Greenspan, speaking on CNBC about the Brexit vote
So with the UK expressing desire to leave the EU, now Scotland says they have the cause to vote to leave the UK. They want to stay in the EU. Let the blackmailing begin. Nicola Sturgeon: Interesting to see Scotland's implication that the EU will still exist.
These are facts: 1) Britain have stronger trade with the US than with the EU. 2) Half exports are to the EU and half imports are from the EU so that is offset. 3) Europe is nothing without Britain, because Britain provided the military backbone for Europe, Germany nor France can't do the job. 4) Since 1973 the economic growth rate in Britain have declined.
To quote only this point: FYI: We are NOT at War here and no one needs GBs 'protection'. As i know the only GBs military achievement in the last few decades was supporting Nato, bombing some Countries far away causing migrant problems later. What was one of the Major things for the Brexit btw. We still have US Nukes here, so who needs GB ps. GB is still in the Nato, despite Brexit, so your Argument is double false. Like few other..
You are missing the broader picture. It's quite obvious you pick and chose what you want to read and post, maybe you should go back a few post and read them. As of now I stated my case why they should leave and if I recall your post #3 sums it all up about your knowledge about the situation. When I first saw this thread my input was to show where the smart money would flow to obviously you didn't get that. I will not respond to any more of your post as I'm not interested in who have the biggest d**k. Mark Twain "Never argue with stupid people. They will drag you down to their level and then beat you with experience"
To remind you, you started it and.. Me too, and thats the reason why im still polite and you wrote repeatedly that i have no clue.. And now you said with MT words that im stupid. But who cares. he he Cheers. Good luck for you and if you really trade, have a closer look at Gbp/Usd next weeks, months. There is a lot of money to be made, and that the reason why we all are here. Not for opinions or predictions or who is right or wrong. Greets, Z. ps. And dont believe all its written. The opposite usually happens.
old europe…. again educate yourself properly before you throw random nonsense out. Fact… NATO is nothing without Britain. Europe is incapable of protecting itself without BRITAIN and USA. Brexit happened Thu/Fri… your statement/words… " GB is still in NATO despite Brexit"….really did you expect on Friday all policies in place right now were going to be restructured the same day. World War 2…. I rest my case. i don't trade currencies only options and stocks. As of Wednesday 22June I'm in GLD 15 july expiry.. strike $120.50 calls, Friday 17 June I shorted AMZN and hedge FDX options. Good luck with your trading .
Hi all IMO we are getting a bit over the boarder here....and let me "try" to put it this way... isn't who is right or who is wrong but who know the facts and those who perceive the situation better..... for those living here (EU) we live it and we can touch it every day.. but those stay/living away can only get informed... rightly or wrongly IMO the media it is like those traders that P&D the stocks.. media-TV- persons will tell only what they believe or wanted to have happened.. the pro Brexit will tell how nice it is-will be..... all roses etc... the against it ....are saying that the exit now is the Armageddon for UK... and so on strange that on Friday the London market is the one who lost the least FTSE 100 -3.15% CAC 40 -8.4% DAX -6.82% MIB -12.48% and the £ - $ under -10% (before here they where saying will drop at least a 30% to 40%+) £ -€ just -5% the one who lost the most where the banks everywhere in EU from a 15 to 28% (I am not crying for them) what I am trying to say it is; yes read-listen but make your own mind because many (media-TV etc..) they just tell you what suits them best and not what is best for the majority of the people in the countries on this thread I have already expressed (posted) my thoughts - ideas several times so now I wont bore you further... but by living here we touch-live-see the problems daily and believe you me isn't how the media defines/described them btw Scotland again media march on it... because there is no way they can get out of UK with a refferendum ...IMO they only want to sat/go in EU because they could get more money then what England already give them... they had a referendum not long ago and the majority won by stay in the UK.... now they can't have any more referendum... is on the UK constitution .. so whatever you read is far way from the truth same apply to north Ireland ..... then of course an exception could always happen... IMO isn't the countries that have to get out of EU but we should throw out all those who command there ... btw Thursday was the last day to get some put options on banks ... thanks Brexit Friday I made my €€€€££££ days see what I mean a disaster for same made a nice day for others ... that i show the world go around
@hitman In all the years here, i never read SJ talking like this to others, or Oldfarth or few other "old members" FYI. Insulting others does not strengthen your arguments. That are, btw. really out of date. Here are some links for you. Try few please, or ALL. Greets, Z. http://www.doctornerdlove.com/2015/06/how-to-share-your-unpopular-opinion-without-being-an-asshole/ http://lifehacker.com/5872379/how-do-i-get-out-of-an-argument-with-an-irrational-person http://www.johnplaceonline.com/achieve-balance/how-to-disagree-and-persuade-without-offending/ https://www.quora.com/What-are-the-disadvantages-of-being-insulting-in-arguments
@Ciao my hat off to you, you see they broad picture. The Greeks were badly punished for daring to vote against Brussels and Brussels will try to do the same to Britain. Holland, France and if I understand well Northern League in Italy have started movements to enter referendums to leave can you confirm about Northern League. The month of July will be interesting for trading I absolutely agree (which is Christine Legarde head of IMF, Jean Claude Juncker EU president and Mario Draghi Head of ECB and the remaining 49,997 members which all of them are not elected by the people but by their little club)
