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Author:

Jam ok

Subject:

Off Topic

Date:

06/23/16 at 11:56 PM CDT

 

 

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Sentiment:

Neutral

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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