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OT - Correction
Apparently, Brexit is not 'in the bag'. I expect all hell will
break loose tomorrow. Japan is already down 7%+. And last I heard,
Britain was poised to lose at least that at the open. Pound is at
1985 rates. Might be best for them to close the markets for a
couple days, like 911, and let people catch their breath. And we
thought Greece and 'Grexit' was the big problem with the
EU.
Does one 'buy the dip' tomorrow, or 'duck and cover' - an
economic nuclear bomb? I wonder how our networking stocks
will fare, given that they've got a lot of overseas customers -
Britain included, I presume? I've no idea of what kind of exposure
this creates, although I don't expect there to be 'rational
trading' that will put that into perspective. All thoughts and
speculation here is welcomed, as per usual.
I can't imagine what kinds of legal problems working this all
out will foster. As well as political - perhaps Scotland will want
to stay in the EU, and another 'independence' vote takes place,
just when you thought that issue was taken care of. Or maybe
Scotland just decides to vote out as a was to cut loose from
England and the trouble it will be facing. A bad day to be holding
pound sterling. Good day if you've got some gold exposure.
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The Scotts are already pushing for a new vote on it. Given
the mood of the folks in the UK, I really think they now will have
the momentum to gain their freedom.
Whatever happen to: Union makes strength?
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/24/16 at 8:16 AM CDT
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lt cap,
Scotland - if England becomes the loser economically in this
move, yeah, I'd want to cut myself loose of the man who's trying to
walk on water with cement shoes. Added to the fact that there's
still a very strong strain of nationalism in Scotland. As for
Britain, maybe this is a 'kamakzi' move - why go broke slowly when
you can get it over with quickly.
It's painful to see our op. network stocks seeming to be among
the weakest sectors - INFN, NOK etc. down 8% or so. I'm certainly
not selling, but I wish I knew whether this is overdone and one
might accumulate at these prices, looking back later and being glad
you did. But I have no visibiliy on how impactful this is on
infrastructure build-out, worldwide. I can't even see clearly
whether this is a 1987 event where there's a relatively quick
recovery, of whether this gets worse as the 'downstream threats'
come online - e.g., other countries vote to leave or stay in the
EU, Britain has to renegotiate all its trade deals (which I saw
might take from now until 2020), etc. The limit on visibility and
the amount of $ the op. net. stocks are losing is quite
daunting.
At times, the market has seemed to want a reason to end this 8
year bull market. If so, they've certainly got it.
Anyone buying more op. net. stocks, or contemplating it?
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Author:
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Jam
ok
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/24/16 at 1:25 PM CDT
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The S&P closed near the low, so Monday could be another
fugly day.
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Author:
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LongTerm
CapGains
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Subject:
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Off Topic
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Sentiment:
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Neutral
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Date:
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06/24/16 at 3:40 PM CDT
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