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angrypuppy Retired Number
Joined: 13 Apr 2001 Posts: 32730
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Posted: Thu Jun 23, 2016 8:15 pm Post subject: United Kingdom votes to leave EU |
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Breaking story, GBP is down to $1.35, Dow Jones down 600 in after-hours trading. |
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Huey Lewis & The News Star Player
Joined: 18 Dec 2015 Posts: 5234 Location: So what's the uh...topic of discussion?
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KobeRe-Loaded Franchise Player
Joined: 09 Dec 2003 Posts: 14944
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Posted: Thu Jun 23, 2016 8:26 pm Post subject: |
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Love it ... thanks Britain _________________ #11/08/16 America became GREAT again
#Avatar-gate |
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No. 17 Star Player
Joined: 29 Dec 2007 Posts: 7040 Location: L.A
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Posted: Thu Jun 23, 2016 8:27 pm Post subject: |
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There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? _________________ It's winnin' time!
Last edited by No. 17 on Thu Jun 23, 2016 8:29 pm; edited 1 time in total |
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Legacy Star Player
Joined: 17 Sep 2005 Posts: 7054 Location: So. Californ-I-A
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Posted: Thu Jun 23, 2016 8:28 pm Post subject: |
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Votes in favor to leave EU? |
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KobeRe-Loaded Franchise Player
Joined: 09 Dec 2003 Posts: 14944
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Posted: Thu Jun 23, 2016 8:32 pm Post subject: |
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No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
It's called index futures.
If you are asking about selling tomorrow etc...you shouldn't be investing. _________________ #11/08/16 America became GREAT again
#Avatar-gate |
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Huey Lewis & The News Star Player
Joined: 18 Dec 2015 Posts: 5234 Location: So what's the uh...topic of discussion?
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No. 17 Star Player
Joined: 29 Dec 2007 Posts: 7040 Location: L.A
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Posted: Thu Jun 23, 2016 8:33 pm Post subject: |
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KobeRe-Loaded wrote: | No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
It's called index futures.
If you are asking about selling tomorrow etc...you shouldn't be investing. |
it's my roll over IRA _________________ It's winnin' time! |
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DuncanIdaho Franchise Player
Joined: 26 Apr 2004 Posts: 17197 Location: In a no-ship
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Posted: Thu Jun 23, 2016 8:36 pm Post subject: |
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Unless you're retiring tomorrow and you stupidly had all your investment in stocks, I wouldn't panic. The people who made the most money in the rebound from our recession were those that bought at the bottom. |
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Halflife Franchise Player
Joined: 15 Aug 2015 Posts: 16656
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Posted: Thu Jun 23, 2016 8:37 pm Post subject: |
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Not incredibly smart by uk. They have been in a recession for years. Whelp . This won't help at least in the near future. Good time to travel there. |
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angrypuppy Retired Number
Joined: 13 Apr 2001 Posts: 32730
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Posted: Thu Jun 23, 2016 8:38 pm Post subject: |
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I wonder what is in store for both the UK and EU. Does Scotland vote to leave the UK, or at least decouple their currency from the pound. In terms of the EU, what does Germany do? They are the economic engine of the EU, will they want to be responsible for basket cases like Greece and Portugal? |
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KobeRe-Loaded Franchise Player
Joined: 09 Dec 2003 Posts: 14944
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Posted: Thu Jun 23, 2016 8:44 pm Post subject: |
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No. 17 wrote: | KobeRe-Loaded wrote: | No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
It's called index futures.
If you are asking about selling tomorrow etc...you shouldn't be investing. |
it's my roll over IRA |
Markets are volatile, if it's your IRA and you don't need it for a long time, don't bother watching the market the next week or two.
If you have cash, you may find some names you like. _________________ #11/08/16 America became GREAT again
#Avatar-gate |
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Huey Lewis & The News Star Player
Joined: 18 Dec 2015 Posts: 5234 Location: So what's the uh...topic of discussion?
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No. 17 Star Player
Joined: 29 Dec 2007 Posts: 7040 Location: L.A
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Posted: Thu Jun 23, 2016 8:50 pm Post subject: |
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KobeRe-Loaded wrote: | No. 17 wrote: | KobeRe-Loaded wrote: | No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
It's called index futures.
If you are asking about selling tomorrow etc...you shouldn't be investing. |
it's my roll over IRA |
Markets are volatile, if it's your IRA and you don't need it for a long time, don't bother watching the market the next week or two.
If you have cash, you may find some names you like. |
The funny thing is I had a feeling this was going to happen and was thinking about selling but didn't get to do it. Oh well, I guess the train has left the station and we'll have to wait for the next one. As a matter of fact I do have some savings and will defintely go in if and when this thing crashes. _________________ It's winnin' time! |
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Legacy Star Player
Joined: 17 Sep 2005 Posts: 7054 Location: So. Californ-I-A
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Posted: Thu Jun 23, 2016 9:04 pm Post subject: |
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I trust John Oliver on the matter. He's a funny MF'er with a great research team. Plus he was born in England. With my lack of knowledge on this stuff, that's all I need. |
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LakerLanny Retired Number
Joined: 24 Oct 2001 Posts: 47565
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Posted: Thu Jun 23, 2016 9:24 pm Post subject: |
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Wow, supposedly the British books were saying the In vote was a lock the lastr few days.
I should have bet that! _________________ Love, Laker Lanny |
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LakerLanny Retired Number
Joined: 24 Oct 2001 Posts: 47565
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Posted: Thu Jun 23, 2016 9:24 pm Post subject: |
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England just served the financial world a stale crumpet. _________________ Love, Laker Lanny |
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LakerLanny Retired Number
Joined: 24 Oct 2001 Posts: 47565
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Posted: Thu Jun 23, 2016 9:26 pm Post subject: |
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No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
Buy and hold. Don't worry about short term dips, just put in a monthly amount (stretch a bit is my advice) and don't try and time the market. _________________ Love, Laker Lanny |
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No. 17 Star Player
Joined: 29 Dec 2007 Posts: 7040 Location: L.A
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Posted: Thu Jun 23, 2016 9:31 pm Post subject: |
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LakerLanny wrote: | No. 17 wrote: | There's after hours trading? shows how much I know about the stock market.
Is the 600 point drop going to show tomorrow morning?
Would it be smart to sell and hold tomorrow or is it too late? |
Buy and hold. Don't worry about short term dips, just put in a monthly amount (stretch a bit is my advice) and don't try and time the market. |
_________________ It's winnin' time! |
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DeeAgeaux Star Player
Joined: 11 Apr 2009 Posts: 1652
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Posted: Thu Jun 23, 2016 10:36 pm Post subject: |
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Halflife wrote: | Not incredibly smart by uk. They have been in a recession for years. Whelp . This won't help at least in the near future. Good time to travel there. |
Very smart by Britons.
British policy will be set in Westminster tailored to the needs and wants of Britons..
Not by Germany through Brussels tailored to the needs and wants of Germany.
All they have to do is have economic policy that is slightly less stupid than the EU and investors will rush into the UK.
In the short term there will be chaos caused by Elites panicked by a boogeyman they created.
Stay Calm and Carry On Great Britain. |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38750
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Posted: Thu Jun 23, 2016 10:59 pm Post subject: |
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Guess the Fed rate hike is out of the question for now. |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38750
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Posted: Thu Jun 23, 2016 11:05 pm Post subject: |
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angrypuppy wrote: | I wonder what is in store for both the UK and EU. Does Scotland vote to leave the UK, or at least decouple their currency from the pound. In terms of the EU, what does Germany do? They are the economic engine of the EU, will they want to be responsible for basket cases like Greece and Portugal? |
The damn thing seemed like a house of cards anyways. A bunch of richer, more industrious nations holding together the rest of the poorer European countries. I guess the purpose was to tie them all together so there wouldn't be any future wars between European countries,but instead once the economy goes south in one nation everyone feels the pain. |
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lakersken80 Retired Number
Joined: 12 Aug 2009 Posts: 38750
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Posted: Thu Jun 23, 2016 11:45 pm Post subject: |
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Prime Minister David Cameron resigns. |
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angrypuppy Retired Number
Joined: 13 Apr 2001 Posts: 32730
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Posted: Fri Jun 24, 2016 5:06 am Post subject: |
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lakersken80 wrote: | Prime Minister David Cameron resigns. |
The resignation itself isn't surprising, what is surprising is the timing. I figured that Cameron would stick around for a couple of weeks, for the sake of stability. |
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Wilt LG Contributor
Joined: 29 Dec 2002 Posts: 13711
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Posted: Fri Jun 24, 2016 5:47 am Post subject: |
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lakersken80 wrote: | angrypuppy wrote: | I wonder what is in store for both the UK and EU. Does Scotland vote to leave the UK, or at least decouple their currency from the pound. In terms of the EU, what does Germany do? They are the economic engine of the EU, will they want to be responsible for basket cases like Greece and Portugal? |
The damn thing seemed like a house of cards anyways. A bunch of richer, more industrious nations holding together the rest of the poorer European countries. I guess the purpose was to tie them all together so there wouldn't be any future wars between European countries,but instead once the economy goes south in one nation everyone feels the pain. |
Even though the European Union is not perfect, I'd take a common market, a common currency, a common budget, lack of borders, etc. over a fractured Europe and everything it entails. We just can't ignore history. People take the EU for granted. Yes, Germany is very powerful in this union, but it should be powerful. _________________ ¡Hala Madrid! |
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