The Long Term Scheme Of Things

United States
June 25, 2016 4:22pm CST
Brexit! The news of the weekend which started as much as a year ago, is not such a scary thing with the stock market as people seem to make it. Below is a 12 month interactive chart of the Market. Here is my question... Taking into account the anticipation of the vote, what do you see? Does it look so bad in the grand scheme of the last year?
Yahoo Finance Search FinanceSearch Web Sign in Mail Go to Mail." data-nosubject="[No Subject]" data-timestamp='short'> Help YahooHome Search for share prices Enter Symbol Finance Search Sat, Jun 25 2016, 5:19pm EDT - U.S. Markets closed Dow 3.39% Nasdaq 4.
4 people like this
5 responses
@topffer (29915)
• France
25 Jun 16
The Brexit is bad for the British pound (it lost 15% since last November, so Brits have somewhere lost 15% of what they earn, and it is not the end : the pound is at $1.36 and banks in Europe and Japan will not take action to stop the fall before $1.20), but will be bad for the global stock market only if the British government waits too much to give a calendar for their leave to EU : they cannot let any doubt to persist, or it would impede the visibility of businesses and be soon a nuisance, at least in Europe.
1 person likes this
• United States
25 Jun 16
@topffer But if the British pound goes down doesn't that increase the value of the Euro?? Other monetary values are affected but it benefits those who have other currencies as they will be able to buy more of British Products at a decreased cost to them.
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@topffer (29915)
• France
25 Jun 16
@Berniezeitler Nobody has interest to let fall the pound in deep waters, except perhaps China. When the pound loses 1% the Brits are losing 1% of power purchase, but their economy wins only 0.12% of market share. We are also selling products to UK, and in a few days a French or German car will cost 30% more to a Brit than 6 months ago. More would be too much, and we will have to support their money.
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26 Jun 16
The pound is currently being kept up . It dropped to a dollar 30 within minutes thursday night then it was brought back up
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@Mike197602 (13474)
• Worcester, England
25 Jun 16
it in't as bad as people are making out. what has caused trouble is the speculators messing around purely to make money for themselves. it'll even up in time.
1 person likes this
• United States
25 Jun 16
Yup @Mike197602 it's all about someone wanting a quick buck and speculating on what will happen! One Big Gamble on people's lives!
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@Susan2015 (18294)
• United States
25 Jun 16
@Berniezeitler They do that all the time.
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@TheHorse (51518)
• Pleasant Hill, California
25 Jun 16
I see an upward trend that's topping out. In other words, the rate of increase is declining. In calculus terms, value is positive, movement is positive but approaching zero, and the second derivative has been negative for some time. What do you see?
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• United States
25 Jun 16
@TheHorse Pretty much a 'Bubble' bursting which is normal for the stock market.
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26 Jun 16
It'll get worse once it's clear if we're actually leaving the EU and on what terms. Plus if scotland and ireland get what they want it'll be quite interesting to see how it plays out
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@Jessicalynnt (48190)
• Centralia, Missouri
26 Jun 16
I am waiting to see, I notice gas prices shoot up when bad things are really occuring, so far they are steady. Yes, I am diving by using the fuel pump value, lol