Brexit

[RaginCajun]

What exactly does all that mean?

Who will benefit?

Who will it crush?

Gold went up almost $70

[krugerr]

Your markets open soon right?

I'd buy gold now! It'll go up more when your markets open and crash.

Sent from my iPhone using App

[marcus300]

GBP sank down over 1300 pips wooow

[Sfla80]

Are markets have already opened down.

All the talk on the news this morning was what's going to happen to the market.

And now it's time to buy stock.

What happens to 401k

[Sfla80]

Are markets have already opened down.

All the talk on the news this morning was what's going to happen to the market.

And now it's time to buy stock.

What happens to 401k

[almostgone]

Yeah, I work third and caught bits of it. Saw PM Cameron announce plans to resign. Also, refreshed my 24 hour spot prices and market futures pages about every 15 min. and gold was moving and the futures didn't look good. We'll see how the VIX reacts.

[almostgone]

Are markets have already opened down.

All the talk on the news this morning was what's going to happen to the market.

And now it's time to buy stock.

What happens to 401k

Depends on how it is invested. Stable value, ,money market funds, and hopefully bonds should be fairly safe. I'm sure we'll take a hit on $$ invested in stocks, at least for a little while.

[marcus300]

Fed's George was scared off hiking rates by Brexit and US jobs - just hit my news feed

[marcus300]

•S&P -56pts to 2056
•Dow -516pts to 17494
•Nasdaq -172pts to 4737
US 10 year yields 1.55% -19bp

[marcus300]

ECB state they have hundreds of millions of Euro's to use to stabilise the markets, also Carney states the BOE will intervene in the FX market to make sure the GBP is supported.

I've stayed out of the FX market this week due to the 50/50 chance of us leaving and under those odds I wouldn't want to take a gamble, I'd rather trade with conviction to my own principles than gamble and next week should see some great opportunities.

[marcus300]

Gbpusd 1.36260 −0.12044 ( -8.11%)

[krugerr]

ECB state they have hundreds of millions of Euro's to use to stabilise the markets, also Carney states the BOE will intervene in the FX market to make sure the GBP is supported.

I've stayed out of the FX market this week due to the 50/50 chance of us leaving and under those odds I wouldn't want to take a gamble, I'd rather trade with conviction to my own principles than gamble and next week should see some great opportunities.

Now today would have been the time to stick some money into stocks, as the Ftse is going to bounce back up. Instant wins there.

[Charlie67]

I just up'd my IRA withholdings... Things are going to get cheap and I have a relatively long time left before I plan to collect. Reminds me of 2007/08/09.

Good Advice:
""In the short term, markets will trade on emotion, so make sure you don’t end up becoming your portfolio’s worst enemy,” he said, adding that investors should “stay calm and carry on.”"
Bob Stovall, U.S. equity strategist at S&P Global Market Intelligence.

[Euroholic]

What exactly does all that mean?

Means they will start the process of leaving.

Who will benefit?

Well hopefully they can stop their embarrassing immigration policy.

Who will it crush?

Probbaly may lead to other countries leaving and the breakup of the union.

Gold went up almost $70

Very Short term. Markets will stabilise shortly. Im keeping on to my bar

[marcus300]

Going long on gbpusd for 30 to 50 pips

[marcus300]

Sold 26 pips.

[almostgone]

Saw the FTSE and DAX jumped at market opening. Guess everything still has a bit before it settles down?

[Chicagotarsier]

Overall reality.

GB and Germany equal the Euro. The pound falling is just panic from those that do not realize the only people to get hurt in truth are the banks. GB is the center of Oil for the world ie bP etc. pound will return strong in 1-3 years after the Juliet Echo Wiskys stop moaning and pissing. World Bank backers took the biggest hit...failed experiment for world currency.