I can see it moving to near positive today. But yes I'm also waiting for early Feb prices. BTW my online brokerages are frozen I can't trade now.
*yawn* Someone wake me up if we approach Feb levels for S&P. I'm going back to sleep.
I sold close to 50% before the vote knowing the risk was 50/50, so I will be buying something on the cheap. Be sure to put your "stink bids" in. Stop loss selling should make a nice flash crash today.
Remember it takes two years before the separation. Nothing has really changed that much in the near term, nor the far term, only the medium term is different.
Anyone buy British banks?
Most are -20% today.
DOW closed -610 points, -3.4%.
S&P 500 closed -76 points, -3.6%.
Yummy. If the S&P 500 goes to 1800 again, it could be game over. Seven year bull market has to come to an end at some point. Numerous indicators are suggesting a recession in the U.S., this may be the tipping point.
DOW closed -610 points, -3.4%.
S&P 500 closed -76 points, -3.6%.
Yummy. If the S&P 500 goes to 1800 again, it could be game over. Seven year bull market has to come to an end at some point. Numerous indicators are suggesting a recession in the U.S., this may be the tipping point.
I think everything except maybe financials and commodities will be back to the trend line within a week or two. UK just isn't that important a market for us and brexit means the fed isn't going to raise rates until well into next year.
Everything is of course speculation at this point but some points worth remembering areUnfortunately, I agree and think markets will be back up within a few weeks. Why? I don't know.
China is still in the shitter, oil still oversupplied, global economy slow, but hey, central banks are handing out free money, BBQ! The Bank of England dude promised like $250 billion (forget if Pounds or dollars) in case just this morning.
So we're going to have net capital inflows almost regardless of what happens elsewhere.
http://www.reuters.com/article/us-britain-eu-fed-analysis-idUSKCN0ZA0R6The Fed on Friday sought to reassure markets that it would provide liquidity as needed using swap lines in place with other central banks, including the Bank of England as the pound touched a 1985 low against the dollar, world stocks lost more than $2 trillion of their value, and investors rushed for the safety of U.S. Treasuries, pushing the yield on the benchmark 10-year note to a four-year low.
Traders of U.S.-interest rate futures even began to price in a small chance of a Fed rate cut, and now see little chance of any rate hike until the end of next year.
"One can forget about rate hikes in the near term," said Thomas Costerg, New York-based economist at Standard Chartered Bank. "What I'm worried about is that the Brexit vote could be the straw that breaks the back of the U.S. growth picture."
3. Europe has been in an economic slump for several years from what I can understand and they don't account for much of a contribution to our GDP. So it's hard to imagine that a decrease in trade between the UK and EU is going to have a profound effect on US stocks.
I think IB (Interactive Brokers) does some of that.what Brokerage allows you to trade all hours, weekends, europe and asia? Thanks
In Europe, the damage is much, much worse: Germany’s Deutsche Bank and Commerzbank are down by between 11.5% and 12% (having recouped around half of their losses at the European opening). In France, Societe Generale is the biggest loser, down 19%, followed by BNP Paribas -16% and Credit Agricole -12.1%. In Italy, seven of the bottom eight losers are banks, down by between 17% and 20.9%.
I bought some DXJ today. It's at Feb levels
"Don't worry about that Brexit thing, its non-binding."
Tell that to the stock market!
"Don't worry about that Brexit thing, its non-binding."
Tell that to the stock market!