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pampango

(24,692 posts)

10. No one knows but one can make the case that Brexit will be good for the 1% who drive the stock

Tue Jun 28, 2016, 01:06 PM

Jun 2016

market. There will be trying times in the next couple of years since no one knows exactly what the new rules for business and trade will be.

After that though, freed from "cumbersome" EU regulations on labor rights and the environment, the conservative-governed UK will become more unequal but the 1% will do fantastically well. A deregulated, pro-1% economy should be quite good for the UK stock market since the rich will be richer and will have more money to play around in stocks with. Of course, the middle class and working class are in for tougher times but that usually does not affect the stock market too much.

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You Brexit - You Fixit..... [View all] global1 Jun 2016 OP

Conservative British nationalists will not accept any blame and will double-down pampango Jun 2016 #1

You pretty much nailed what is and will happen in the near term. Wellstone ruled Jun 2016 #2

People should not be having to sell equities on a 5% drop in value. yellowcanine Jun 2016 #6

Sorry Guy, Wellstone ruled Jun 2016 #13

That's your experience. Doesn't have to be that way. yellowcanine Jun 2016 #15

Agree,withour a doubt you must have got lucky as to timing Wellstone ruled Jun 2016 #16

you didn't sell, did you? looks like everything is coming back. I hope you Gabi Hayes Jun 2016 #3

I don't know how you can claim that "everything is coming back." They haven't even formally Chakab Jun 2016 #8

No one knows but one can make the case that Brexit will be good for the 1% who drive the stock pampango Jun 2016 #10

The bottom did not fall out of the stock market. The Dow dropped about 5% over 2 days. yellowcanine Jun 2016 #4

After today's close, even the FTSE is only down less than 2% over the last week Major Nikon Jun 2016 #9

Well, nothing very promising has emerged so far TubbersUK Jun 2016 #5

Don't sell your stock C_U_L8R Jun 2016 #7

Good point. The collapsing pound makes the British poorer but it is great for visiting Americans. pampango Jun 2016 #11

London voted against leaving the EU struggle4progress Jun 2016 #12

I started a thread wondering about my colleagues malaise Jun 2016 #14