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Lars Mars
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6/15/2016 6:04:21 AM
BREXIT - Oui or Non?
Being largely uninformed on this topic, I'm interested in what our members in the UK are planning to do.
Please keep your answers to affirmative reasons for your position..
Thanks,
Glenn
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Francesca Tamellini
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6/15/2016 12:08:13 PM
I am for staying in. Being half Scottish and half Italian it is my background as a European, but it is really a fight between different parts of the conservative party with Trump style rightwingers weighing in to leave. Those who want to leave say that they want to take powers back from Brussells, but they just want to change one distant, political elite for another who think they were born to rule.
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Lars Mars
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6/15/2016 6:30:29 PM
Thanks Francesca.
Why do you want to stay? What are the advantages to you in remaining?
Glenn
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Chandra Moon
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6/16/2016 4:30:41 AM
IN in in in in!
Hundreds of reasons - looking outward not inward and cooperation not cutting off being my main sentiment.
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Francesca Tamellini
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6/16/2016 5:28:22 AM
Freedom of movement, mixing of peoples, free markets are all positive. The negative is that it is currently undemocratic and favours the southern European model of serving political parties rather than the people, but that can be changed. Little England will go back and back and back into a void, Scotland will leave the UK and be a full member of the the EU as the rest of the UK leaves - sorry, heading into the negative area.
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Lars Mars
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6/23/2016 8:00:14 PM
Oh my....
It's still early, but the overnight markets don't like the results so far at all.
The Pound is down nearly 8% against the US Dollar.
FTSE futures down almost 6%...
Dow futures down nearly 3%...
Still time for these to change before the open, but the trend for the Pound has been down for some months. My guess is George Soros is making more billions tonight.
My sympathies.
Glenn
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Francesca Tamellini
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6/24/2016 5:17:15 AM
I think it is the end of the UK. Scotland will be out in 2/3 years and Northern Ireland could be a major issue again.
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Richard Scotti
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6/24/2016 5:47:35 AM
It's official. They are out. And stock markets are crashing all over the world. It's incomprehensible. We are watching the dismantling of Europe as we know it. The consequences will devastating. It started out as just a "protest vote" and no one there actually thought that "Leave" would win. There's a lesson to be learned. Be careful what you wish for. Voting is not a game. It's not a symbolic gesture. It's a life or death decision. Think before you vote. Study the issues. Don't gamble with the future.
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Larree
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6/24/2016 7:29:51 AM
Good for the Brits! Fuck the global one world government. This is a great day for freedom!
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Larree
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6/24/2016 7:33:52 AM
The UK was fine before joining the EU and will be better for leaving. I am sick of the fear-mongering and political tactic of shaming people with opposing views. This is a day to celebrate.
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IMPoster
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6/24/2016 8:25:48 AM
---- Updated 6/24/2016 8:37:03 AM
Hear Hear! Larree
People are totally over-reacting to this. It's NOT the end of Europe, the UK are still in Europe, they're just taking control of their own law making and budgets. Trade will carry on regardless, people will still go to Spain for their vacation.
Britain never changed their currency to Euros but kept the British pound, and after the initial panic it will recover, the banks were ready for this. It could be 2 years before Brexit is finalized.
Plenty of countries trade with Europe including our friends in the USA and Australia. Germans and the French will still want to sell their cars wherever they can and people will still buy parts of aircraft made in the UK. Sure Scotland didn't want to leave but much of the population don't want to be part of the UK anyway.
It's likely that many other EU countries will want to leave when they don't have so much money in their pot to build stupid new airports in the middle of nowhere.
Long live the bent banana say I.
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Larree
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6/24/2016 8:28:57 AM
Yeah, Happy Independence Day, UK!
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Francesca Tamellini
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6/24/2016 12:55:23 PM
I wonder if you'll feel that way if Trump comes marching in.
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Stoneman
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6/24/2016 1:01:30 PM
Hmmmm, I had to call my financial advisor this morning when I noticed that my portfolio took a slight hit overnight. He said it was because of the British vote but to hold on and that everything would settle down in a few days. I am surprised that I was not aware of this situtation until now. I usually pride myself in being informed about world financial matters. This one crept up on me like a bandit and stole some of my Geeters. Not sure I could have done much to stem the tide anyway. It's just money. Money I don't plan on using anytime in the near future. But yeah the markets sudden slump here is being attributed to the British vote. I don' know if that is true but I hope this is not a sign of things to come. I'm old, I need my money to continue to work for me for the best years of my life. Best Of Luck to our friends across the pond! Hope this change is beneficial to your lives.
Much Respect,
Stoneman
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Richard Scotti
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6/24/2016 1:02:26 PM
---- Updated 6/24/2016 1:27:55 PM
The U.S. stock market is down 611 points.
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Larree
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6/24/2016 3:02:57 PM
---- Updated 6/24/2016 4:21:54 PM
Well, Francesca, as I have said - I do not buy into the politics of fear, nor do I give in to the blame and shame game. I hear that more countries are lining up to follow the UK's lead. Good for them. Bring down the global one-world government!
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Lars Mars
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6/24/2016 3:25:06 PM
It's not unusual for the markets to be down in an election year where there is no incumbent president.
In 2008 it was the banking crisis; in 2000 it was the dot-com bubble bursting.
This year it will be attributed to the Brexit vote, but the truth is that the markets have been in decline since last August. There was one run up in October and another in February - March. But to chartists, it's a massive head and shoulders top and it has broken the uptrend line that began in 2009.
It just needed a 'reason', but when the markets are ready to correct, any reason will do. In fact, had it not been for Buffett buying Apple last month, we would already be much lower now. Apple rallied 11% and dragged the markets with it, but that move topped early this month and AAPL has been correcting since.
Four percent in one day is hardly the end of the world. In 1987, the market lost 23% in one day.. now THAT's a crash.
But the trade triggers instituted after that to stop major selloffs never tripped today. None of the futures markets went limit down, so all in all it was a much better day than I expected.
This isn't over by any means, but it's been orderly and methodical.. not a scary day at all.
The consequences of Brexit remain to be seen, but I will opine on that in a bit.
As to Clinton v. Trump I believe I'll save that for another post.
Glenn
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Francesca Tamellini
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6/25/2016 1:00:52 AM
Loree, the UK will not exist in 2/3 years.
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Larree
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6/25/2016 1:33:12 AM
---- Updated 6/25/2016 1:34:19 AM
The UK is not going anywhere, Francesca. Don't buy into the fear.
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