Originally posted by LondonManc
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Reply to: If Brexit is such a good idea
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Previously on "If Brexit is such a good idea"
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I love it when people who know nothing about the financial markets suddenly feel the need to comment on one or two days movements.
The Dax hit 8300 in intra day trading when Greece was going down the pan. Last I checked the Dax was around 9600 and that includes a little negativity for when we leave. Clearly us going is a non event.
I'm surprised there aren't any 'buy gold' threads though. Probably because that lot got incinerated a few years ago.
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Markets do not like uncertainty but if like me, you are invested for the long term, just sit it out, I will and have no worries about the long term. I'm voting Leave btw.
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Wow. Scooterscot's still not getting this hedging malarkey is he?
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Originally posted by Mordac View PostSo the German market fell by more % points than the FTSE today? So much for impending Armageddon...
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But this is just how people with money make more money.
Not really news 📰
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So the German market fell by more % points than the FTSE today? So much for impending Armageddon...
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Because the global economy is an unfettered, unvarnished, turd and it couldn't cope with a quarter point increase in base rate by the Fed, let alone Brexit. The sooner we face economic reality, the better.
Over-valued global markets will fall ~10-30% and Sterling perhaps 10-20% in the short-term. Everyone knows this. Were this a decision for the next 1-5 years, I don't think anyone would back Brexit. Fortunately, people aren't that stupid, and ~50% will be backing Brexit
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Originally posted by scooterscot View PostWhy are investors buying German negative rates bonds instead of UK+ interest bonds?
FTSE 100 falls 2% as investors fret over Brexit - BBC News
Where to begin with this one?
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If Brexit is such a good idea
Why are investors buying German negative rates bonds instead of UK+ interest bonds?
FTSE 100 falls 2% as investors fret over Brexit - BBC News
Ulrich Kater, economist at DeKaBank, said the uncertainty about a possible Brexit was driving investors to the safe haven of German bonds.Tags: None
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