kowenicki said:
Its not that the affect is that negative... (marketwise it actually isn't, a drop of 5% on the main Uk index isnt THAT bad), It's just that the recovery is now put back another couple of years. It has been 8 years since the financial collapse and ever since it has been one thing after another. The pound obviously weakens (not necessarily a bad thing), as will the Euro in the coming weeks and as a direct result the Yen and Dollar will strengthen as a flight currency, the Japanese REALLY dont want that. The impact is definitely global. Makes me laugh when we have had people from smaller European countries sneering and taking glee from this when THEY stand to lose more than anyone. Ignorance is bliss I guess. |
I agree with you about the market. I see the "Remain" crowd posting stuff like GBPxxx billions wiped out. No, xxx billions worth of stock isn't the same thing as cash. The FSTE has now risen from its initial 8% drop. Does that mean that billions were recouped. As of right now, the drop is only 4.85%.
