FTSE Bull Market Post Brexit

[SunnyInHades]

--
20 July 2016:
FTSE 100 hit a new 11-month high
Bank of England Report: "no clear evidence" that a sharp downturn was occurring across Britain
Capital Economics: the damage to the economy in the short-term will be rather less severe than many others are anticipating
--

Interpretation:
Because we have a personal vested financial interest remaining in the EU we spouted bulls***, total and utter boll****, to try and hoodwink you into voting remain.

[GB9]

That was pretty much it. Even many of the CUK remainers seem to either live in Europe (outside the uk) or have btls they think will increase more in value by being inside. No self respect or dignity.

[NotAllThere]

That was pretty much it. Even many of the CUK remainers seem to either live in Europe (outside the uk) or have btls they think will increase more in value by being inside. No self respect or dignity.

Can you translate that into English. Or rephrase it once you've sobered up. It makes no sense.

The FTSE250 is where it was three months ago so this isn't a bull market. The FTSE100 is up, but as has been explained many times, the UK does not exist in isolation. In an international context, in comparison with other countries' currencies, the UK stock market has had a significant proportion of its value wiped out by the fall in the pound (actual percentage varies depending on currency of comparison).

This will have put negative pressure on the economy. Hopefully, there will be positive effects to offset this, but it's far too early to start dancing in the streets.

What you really want for good economic indicators is a rising pound and a rising stock market.

[AtW]

If sterling keeps dropping in value (which it will), then we'll see LSE trading shares in USD, but no in EUR they won't have the right to clear payments in this country.

You've heard it on here first.

[kaiser78]

IMF admit they got it wrong with Brexit warnings over speed of economy will grow fth | Daily Mail Online

So who voted to Remain ?

[DimPrawn]

IMF admit they got it wrong with Brexit warnings over speed of economy will grow fth | Daily Mail Online

So who voted to Remain ?

These people:

[BlasterBates]

Might take a bit of time to feed through, always starts with construction.

Construction activity falls at the fastest pace for seven years

[DodgyAgent]

If sterling keeps dropping in value (which it will), then we'll see LSE trading shares in USD, but no in EUR they won't have the right to clear payments in this country.

You've heard another whine about the UK here first.

[OwlHoot]

Can you translate that into English. Or rephrase it once you've sobered up. It makes no sense. ..

Crikey - You're really tough on split infinitives!

(FWIW, it made perfect sense to me.)