I'm guessing the stocks getting crushed the most from the brexit news are a good buy because even if there is a brexit and it has a devastating impact in the long run (meh), things take time, enough time to profit from such low prices.
Those people really need to be dropped off a tall cliff. Lemming herders.Uncertainty. Dropping like a rock right now (down 315 and falling fast). Last hour will be telling (usually is - sometimes in a surprising way). Of course, the perma-bears (Jim Rogers, etc) are out in force over the last few days pushing ever ounce of negativity that they can come up with.
Time for Yellen to do an emergency rate cut, amirite?
The Italian government is prepared to inject 40 billion euros in the banking system and it is negotiating such an plan with the European Commission...
The share price of banks crashed for a second trading day, with Intesa Sanpaolo off 12.5pc, and falls of 12pc for Banka MPS, 10.4pc for Mediobana, and 8pc for Unicredit. These lenders have lost a third of their value since Britain’s referendum.
Exactly. It's not like real estate. Oh, wait.:hmm:Wait until those same people learn about market, business, and economic cycles. You mean stock markets don't always go up?
Was the twitterverse really thinking that the sky was falling? I'm surprised it was even a blip on the radar outside of the UK.
Anyway, what I heard tonight is that to start the exit process, the UK has to invoke article 50 of one of the EU treaties. That is what starts the process.
Cameron has said he will not invoke the article and leave that to the next govt. So in essence he's giving the UK a cooling off period where they can reconsider what they want to do.
well this bounced back a lot sooner than I expected
On Monday I put a sizable amount into VTMGX (17% UK, 38% Europe, 22% Japan, all areas doing very poorly out of fear so it was a great buying opportunity). Up 2.61% yesterday and likely to be up quite a bit more today.
But, I also put 1/10th of that amount into DSLV (silver short). Looks like I'll be down 10% on that today.
Overall it is a net plus, but I'll come in here and publically state that I was wrong about silver in the short term. I still think in the long term, precious metals are going to fall though.
I've been doing quite well riding it down from $40/ounce. The cost to mine it is in the $7 to $10/ounce range. The historically stable price is in the $5/ounce range. No luck needed. I won't ride it down below ~$12/ounce though. Then it is just a volatile gamble.Silver is my second largest position, with cash being the largest. I think you're wrong both short term and long term on silver but you can make good money trading it since it's so volatile. Best of luck.
The British 'remain' campaign was called Project Fear so there was a lot of propaganda trying to scare people before the vote. I guess it worked.S&P 500 is back up to 2071, down like 1% from the day before the Brexit vote. That panic lasted a whole 2 or 3 business days. You mean nothing actually happened aside from S&P and Fitch downgrading Britain's credit rating and 52% of the population giving governments the finger?
OMFG stttoooopid Brexiter rekked da economies -- I dun keeeep up wit da stocks or macroeconomics but I like to scor da politcal points.
The British 'remain' campaign was called Project Fear so there was a lot of propaganda trying to scare people before the vote. I guess it worked.
Sad. Transferred my money the day of the brexit and I was just able to access it today to invest. Didn't end up investing in anything because prices went back up. The system is rigged.