If it's being manipulated by the evil market makers how can you be sure any of this will happen? You like to play three card monty in the streets too?
Given that nobody really has a clue what "Brexit" actually means, it's hard to know when it gets "close to being priced in".
The VIX is over 20 now on a nice slow drop over the course of the last few trading days. There are some excellent pricing opportunities available in many areas right now that we haven't seen in a while. For those of you that deal in volatility in any way, the sun is out.
there is a 10000 word wiki entry about it. it can be summed up more concisely as: hey, let's light the economy on fire bcoz we hate Germany
A few banks collapsing caused 50% drops in 2008. Brexit would be a black swan event. Just two weeks ago no one seriously thought it could happen. Taking rates down to 0% saved us during the last recession, whats going to save us now?
Taking rates down to 0% is not what saved us, it was the liquidity that saved us. The Fed can and will always be the liquidity provider of last resort.
Err, not really fella. I'm British but relations with Germany are good. People from both nations get on quite well really. Someone from Greece might have a different perspective, I guess. Everyone I know who's voting Leave is calm, not emotional, unlike the Remain side who are panicking and resorting to fear mongering and personal attacks. The Remain side are throwing their toys out of their pram because they couldn't see this coming. And the economy will be fine in the long term, even if there might be a short term hit to GDP. Many pundits and economists at various financial banks have bruised egos because they predicted and hoped for a Remain outcome, and some employees will lose their jobs. But it's not the black swan event that the other poster (southall) referred to, in fact it was (in reality) quite close to 50-50 until about a week ago when a lot of people got fed up with the the prophets of doom and gloom regarding the economy. If the EU power base had made a commitment to reform instead of veiled threats to the UK (i.e. used a carrot rather than stick approach), I suspect the Remain side would win the day, but that hasn't happened, and now the odds are stacked against them. The vote could still go either way but Leave has the momentum, which will be hard for the Remain side to turn around.
I broadly agree with this assessment. George Osborne, especially, is acting in quite a reprehensible fashion. In fact, his rhetoric is likely to push me, a current "undecided", towards voting "Leave".
Brexit is not a black swan event. A black swan event would be something akin to waking up this morning and reading that Spain, France and Italy had exited overnight.