See how that works. Brexit fears blown out of proportion, one big down day, and now almost fully recovered.
Some things about the Brexit:
1.) It will take around two years to complete the process.
2.) It involves re-negotiating trade deals between Britain and basically everyone else. That can be a good thing.
3.) Britain already has their own currency, so no big deal there.
By the time their done, the only difference could very well be that the British will have more control over their immigration policies.
This bounce is weaker than I was expecting. Which could be a bullish thing. Better a series of 20 point gains than a single big move.
Tomorrow is important. Another modest gain or minor loss could signal that the markets are going back to "normal".
A bigger move down would more likely signal that a downtrend will persist for some time.
Good to know that one person here enjoys when you visit, even if it is just you.
The thing I'm looking at is a firming job market. All I keep hearing from business decision makers, is that they are scraping for talent at all levels.
That's in many industries.
Wages have seen modest growth recently as well.
I consider these to be "backbone" indicators.
If it wasn't for "world markets", we'd be smooth sailing right now.
Sign up for Trump University if you're so convinced.
Oh, wait, you don't like getting scammed?
We had a huge move Friday, and a 50% retracement bounce would not surprise me.
Then again, another leg down could happen, but I'm not sensing panic. This is nothing compared to the Lehman or Sterns crisis. This is more of a market "roiler", and it's going to create a buying opportunity more than anything else.
I see it turning out splendid. It was a failed experiment to begin with, just like "free trade", AKA exploitation of slave labor in certain communist and or socialist countries.
The working class of the world are the foundation for world economics, and greed is not so good.
I think 20 years of being on the edge of collapse has convinced the powers that be, that a wrong turn was taken, and a return to what really works, combined with a preparation for the automated future, is what we will be seeing.
If you're outright long stocks, just hang on and go to the beach or something. If you're long call options, you may get lucky Monday, or maybe not. Time till expiration is a huge factor.....if they expire soon, again, you could be lucky.....or not.
Eventually this will blow over, and look at the climb from Feb. up until this sell off.....another breath taking move is just around the corner.....but only after the knife has fallen.
The next big bounce isn't necessarily the end of the down move, but a fast furious down move could be the last of it. And that may happen after a relief rally.
True, and that's just for now.
No one wants a recession, realistically. Looking ahead, automation is here now and set to grow quickly.
There's too much attention being paid to "Brexit" and other less important details, when the truth is, we need to explore the monetary system and adapt for the horizon.
There should be some outstanding investment opportunities just up around the next bend as new technologies are developed to deliver mankind with unprecedented spoils.
There's little standing in the way at this point other than pure ignorance, old ingrained ideas, and other out dated types of thinking.
Hold on, there's typically a bounce after a sell off of that extreme.
The low of that sell off could be surpassed, but most likely after a bounce, as most of the first round of panic selling has passed. Doesn't have to happen that way, but it often times does.
At some point, the Brexit will be shrugged off, as it's no where near as big of a deal as many think. In fact, it's a longer term positive.
Mr. Nelson, I believe you are correct, and in addition:
British exit is next to meaningless. See currency.
I also agree that the economy in Britain is doing better, along with many others, but not all. This very well may be a great buying opportunity, although it may be a bit early as of today, 6/24/2016. (Friday).
I'm curious to see how things look by Wed. of this coming week. I've a feeling there will be a strong bounce in the market between now and then.
"you used to be a werewolf, but you're alright nowwwwwwww"
Stop, you're making my otherwise good natured dog growl at the computer screen.
I'd love to see it go as low as you say, I suppose it could, but I doubt it.
All next week will be "Brexit education" by the media. Time frames, and legal procedure, "what it really means" stuff.
At the very least expect a bounce, and by New Year's could be higher than the ATH.
Yeah, it would suck to be you then, wouldn't it!
Hope you're having a great weekend, I know I am.