guys you realise most large banks are 20+% down ? mainly european & uk.... and this is not going to be 1 day reversal. liquidity crisis phrase comes to mind....
Who's the adolescent? "A immature"? Convenient of you to skip my post of buying the triple bear S&P in afterhours. I've told you before. This is ELITE TRADER. Go back to the Yahoo boards, where you belong.
my gold stocks hedge does wonders. My account balance up today. this is banking crisis starting. did not see that UK voting could cause this. Maybe just catalyst.
The EU is the largest economy in the world. The UK is the 5th largest economy in the world. And you didn't think the UK leaving the EU could cause this?????? I do not mean to be disrespectful, but are sure trading is the right game for you?
Wow well it does have room to keep going after all (going down...). Now the question is, how long will the bears keep having a party?
i am sure trading is right for me. about the economy sizes, not convinced. UK produces nothing really in after thatcher era. EU does.
Has nothing to do with the UK economy. This is about the destabilisation of the EU, the fear is that other countries will follow UK out of the EU now that there is a precedent. I'm not 100% convinced that this will happen, most EU countries are stuck because they are also in the eurozone, its easy to abandon the EU if you are not in the eurozone, otherwise its a lot tougher. But ultimately it could still happen, the probability of it happening has gone up a fair bit since Brexit, markets need to take this risk into account.
note size of drop of banks . this is not 1 day thing, it is structural. Fading it, may be receipe for early grave. it just may be that bank crisis is on the way and brexit was catalyst/excuse for large down gaps, trapping masses that enjoyed dividend flows. In people heads enough rosyness that still think it will go away just like any other crisis in last 2 decades and alarms do not go off yet.
It probably will go away, recover, and everyone will eventually forget this ever happened. However, that's not happening tomorrow. It will be interesting to see how far low and how far long this takes.