With Great Britain voting to exit the European Union the financial markets are in turmoil. Many of us on this board are exposed to the markets. Some of us have professionals managing our positions and some of us are doing it ourselves. I'm very fortunate to be keeping abreast of all my positions and how they could be impacted. The Brexit vote has now put me in a very favorable position to further enjoy the hobby and enjoy it more frequently.
Anyone out there have an opinion as to how the overall hobby will be impacted short term? Your thoughts would be greatly appreciated.
I have a lot liquidity because of Brexit and since the market has been so overpriced anyway. With the near 600 drop today, that means everything is going on sale. Got my limit orders stacked up, ready and waiting to swoop in for the kill. (cue Jaws theme song)
Personally ready for another 1000 pts drop of the DOW over the next week. Then anti-gravity will slowly take over...
Impact to hobbying = none, because I tend to moderate regardless of the market. By the way, listening to NPR, heard it will take them 2 years to completely pull out (assuming that they don't do another referendum in the meantime). What I find pathetic is the expression of surprise on the part of the British - they walked into it willingly (fools).
Just my opinion but the fallout of Brexit is over-hyped -- it was a form of scare tactics to reduce the Leave vote. I expect the markets to sway in the near term but return to the norm in a fairly short time.
just a reminder that the market responds to hype and there is a lot of hype going on. My strategy is always, stay invested and not try to predict highs and lows. Steady as she goes. There are many stories of people who tried to play the market and ended up losing. I remember the story of one woman who was so proud that she pulled all her investments out before a big drop and then put the money in the bank. A few years later she found she would have done much better riding it out. Speaking of pulling out and riding it out, why are we discussing investment strategies. I'd much rather talk of pulling out after I've had a different kind of ride.
Ask your trusted advisors why the USD has strengthened so much vs other world currencies? Then ask how the strong dollar will affect multinational companies? Why have the markets repriced world assets? Non event ... yea right! Ask your trusted advisors if they are in the market for a bridge? At a discount price of course.
LONDON (Reuters) – Britain’s FTSE 100 erased all its post-Brexit losses on Wednesday fuelled by a late afternoon surge led by energy and financials shares.
Unfortunately it looks like your attempt to purchase VIP membership has failed due to your card being declined. Good news is that we have several other payment options that you could try.
VIP MEMBER
, you are now a VIP member!
We thank you for your purchase!
VIP MEMBER
, Thank you for becoming VIP member!
Membership should be activated shortly. You'll receive notification!
