Brexit

[Barrykearley]

looks like our market is just dandy to me.... Down but only a bit - check out dax and cac !

My heads thumping - wish I hadn't drunk so much throughout the night

[kokostrollet]

4 minutes ago, Barrykearley said:

looks like our market is just dandy to me.... Down but only a bit - check out dax and cac !

My heads thumping - wish I hadn't drunk so much throughout the night

Stockholm is closed today due to public holiday, so the 3.11% is from yesterday. 

FWIW, I could mention that the biggest financial paper just wrote a leading editorial urging Sweden to "Give the UK a dream deal" rather than bully them out. 

http://www.di.se/artiklar/2016/6/24/ledare-sverige-bor-verka-for-formanligt-avtal/

[Kimbers]

Like we said all along, we are more important to them than they are to us!

If they hadn't been so massively conceited and used bullying tactics and instead gave us what we asked for within the EU then I think the vote would have gone differently. instead they gave Cameron a nothing deal, worth nothing and not ratified by any member state's all of whom had a veto over the deal. 

The British people have always been a proud nation. Maybe it's just time the country who gave us Democracy with the Magna Carta started looking worldwide instead of EU centric!

 

[C8RKH]

27 minutes ago, franjipane said:

 

And C8RKH so you would rather i didn't discuss concerns about the economy because you think it might contribute to a recession?  hmmm.

Seeing as though you asked so nicely, Yes, I would rather you did not contribute to talking us into a recession. I'm old enough to see how we have been talked into several recessions before, and the risk of it happening again is real. Recession is not good for any of us.

Fact is, the people have spoken and the decision has been made. Rather than "worrying" about what might possibly be bad. Focus on what you can do and contribute to the make the reality good and better? Positive waves man are far better than negative and no point in crying about the milk once it is spilt. Move on.  Constantly pointing out what MIGHT be bad is not going to help anything.

[Barrykearley]

Obama still loves us !!

we are a fantastic proud nation - I'm hoping this results in real democratic change in Europe. 

I'm confident we will need to vote on this all over again very soon !!!

[franjipane]

They only people that could possibly 'talk us into a recession' are politicians, the media and people working in the finance sector, i'm none of those!

[franjipane]

26 minutes ago, kokostrollet said:

FWIW, I could mention that the biggest financial paper just wrote a leading editorial urging Sweden to "Give the UK a dream deal" rather than bully them out. 

http://www.di.se/artiklar/2016/6/24/ledare-sverige-bor-verka-for-formanligt-avtal/

That's promising though !

[Barrykearley]

Yep - might be the first - won't be the last that's for sure!

Ftse recovering well now also 

[march]

Strangely enough DAX CAK and TR Europe don't seem to be recovering much.

[C8RKH]

Merkel was quoted, well my loose translation that is, as saying "it is disappointing our great friend in the UK have chosen to leave, we need to keep them close and we can all benefit together".

A sort of, "you little shit, just look what you've done. But don't fret too much, mummy and daddy still love you" message which I thought was quite cute!  

I think we are seeing two lines of response:

(A) From the pigs with their snouts in the EU trough in Brussels like Juncker - "you bastards, we will make you pay and you must invoke article 50 now" - this is purely because they want to flex their muscles at us now to warn off anyone else. Thankfully, the timing for the invoking of Article 50 is at our own leisure - boy is that fact really pissing them off

(b) from the sensible leaders (democratically elected as well!) of the sensible EU countries - "oh shit UK, you did it. you really did it. Damn, we know you must leave but keep a coat and your hat here as we still want you around". After all, they all realises in countries like France, Italy, Spain, Sweden and Denmark that their citizens might be next to demand a vote - if they cripple us on the exit the pain just comes around to them eventually as every exit will be more bitter. Andy, the Spanish Tourist Board have just tweeted to reassure all Brit holiday makers that we are still welcome and Spain is open for business!

This is going to be a long term play and to spread some love:

The FTSE 250, seen as a better bell-weather of true UK economy than more international FTSE 100 has plunged and plummeted according to all the sensationalists from 17333 to 16097 - not even 10% drop and still higher than it was just Thursday 16th June (16032) and on 16th Feb (15702).  This is why I hate the sensationalist headlines of plunge, plummet, catastrophe etc. It's higher than it was only 4 months ago for christ's sake!

[C8RKH]

Damn spoke too soon. Major problems at the channel tunnel right now:

 

[Sparky]

Yeah, but that's the English end.

[Barrykearley]

27 minutes ago, march said:

Strangely enough DAX CAK and TR Europe don't seem to be recovering much.

That's a real shame - I mean that - they are strong trading partners of ours as well.

maybe zee geeermans wont be wanting to beat us with a stick so hard for being the badly behaved child now

[LotusLeftLotusRight]

Sorry, not getting the triumphant euphoria on here myself. Sure, Sterling and stock markets losses were always expected with this outcome, but to say well it's barely 10%... That would be considered cataclysmic on a normal day. That's all our pensions, ISAs etc. down yet again and who knows how long it will take for them to recover.

Conceited Little Englanders, who don't like Johnny Foreigner have won the day I'm afraid. All that embarrassing b*llsh!t about Independence! The ramifications will be considerable. Do you think Scotland and possibly Northern Ireland are just going to accept this? Do you think international corporations are going to invest in manufacturing in the UK with no direct access to the EU market? No chance. Our (job) losses will just be someone else's gain. The net EU weekly contribution will be a drop in the ocean compared to what we will really lose.

This much vaunted 5th largest economy in the world is going to slide down into a relegation scrap for survival. We are as high as 5th because of the EU, not despite it. Things are about to get a whole lot worse for each and everyone of us. We've just given total power to the lunatic Right Wing of the Conservative Party. If we then vote them out, whatever's left of the UK will be handed to the looney Left of the Labour Party. Welcome back to the 1970s and the Poor Man of Europe. Still feeling good about the result? You shouldn't.

[waofner]

sorry to say 5th place was yesterday- today it's 6th place

 

[Barrykearley]

Only down just over 2 % now

this is about politicians not representing the people on the streets. It's democracy - sometimes it nice - other times not I'm afraid

we won't be leaving the Eu - this is a start of something entirely different.

as for your pension concerns - don't fret - the fund manager will still have access to lobster and bollinger no matter how it performs. That's the stock market game for you ups and downs !!

[C8RKH]

@LotusLeftLotusRight to answer your question directly. Yes, I do feel good about the result. There was an issue and the people were given the opportunity to decide what should be done. That is a very democratic approach and again reaffirms the UK's place in the world as a champion of free speech and democracy. Why would I ever not feel good about that? To be clear we were a split household. Myself and my daughter both voted out and we had our reasons. My wife and my son voted remain for their own valid reasons. Neither of us has resorted throughout the whole exercise to insults, belitlting, bullying etc. We have debated of course, but we accept that democracy is about everyone having their right to a say. I totally resent the fact that you feel able to call myself and my daughter "Conceited Little Englanders, who don't like Johnny Foreigner". Who the fluke do you think you are? And anyway my daughter is Scottish!!!

We haven't given control to any lunatics, right or left, at this moment in time, but what we have done is to send a clear signal that the status quo with the EU was not tenable.

Shit so my pensions taken a hit - it won't be the first time and it won't be the last. In fact the last time it took a huge hit it was thinks to a non lunatic left or right wing Chancellor of the Exchequer from Scotland with a school teacher wife. It sickens me that all the naysayers on here and in the press just want to focus on the financial ramifications - the stock market, the pound, our pensions, our investments. Is that ALL we truly only care about now. Does not democracy really matter? If that's the case then go and move to North Korea and forgo any semblance of democracy.

You say  "Conceited Little Englanders, who don't like Johnny Foreigner have won the day I'm afraid" - well I'm sorry but what a bloody conceited comment to make, calling 52% of the UK population (including Scots and Irish and Welsh) over the age  of 18 and who were entitled to, and did, vote "little and conceited (racists)". Really?

I have no idea if "Scotland and possibly Northern Ireland are just going to accept this" - and actually who are you actually talking about. The people of those countries or their politicians? Or both? I've lived in Scotland for 21 years, half my family is Scottish and we have no appetite whatsoever for Indyref2. So you aint' talking about us. Sturgeon - she is a one trick party pony and she has bang on about Independence as it is the only reason her party exists. But listen carefully to what she is saying. She is smart and she knows that right now, with the ramifications of the Euro and free movement if she takes Scotland into the EU, a slam dunk win for Indyef2 is not guaranteed.

How do you know "international corporations are (not) going to invest in manufacturing in the UK with no direct access to the EU market" Have you got some sort of time machine or fluking wonderful crystal ball that can predict with 100% accuracy what the negotiated exit will be?  Thought not? Take BMW - they make thousands of Mini's in the Midlands that will be cheaper to make for export than they were yesterday.

Instead of all this blaming and hysteria, why don't we just all calm down and just see what happens, because as far as I can tell, NOBODY actually has a clue what is really going to happen and how this is going to play out. And the so called experts, well, they got the outcome and result so wrong didn't they?

 

 

[march]

21 minutes ago, LotusLeftLotusRight said:

Conceited Little Englanders, who don't like Johnny Foreigner have won the day I'm afraid

Sorry but rather offended by this - the reason I voted out was for one reason only - the removal of the democratic process by un-elected people. I am a farmer and stand to lose out by my decision but the ability to vote in and vote out our decision makers via a democratic process came way above any other consideration. I will not actually be celebrating this the outcome as I believe it is not a victory but an outcome of a failed project that at it's inception had truly good and appropriate aims but was manipulated into an expansionist undemocratic state.

Just look at the EU response - they are trying to stop other states exercising their right to act in a democratic manner and offer a referendum - THIS IS NOT DEMOCRACY!

[franjipane]

http://metro.co.uk/2016/06/24/britons-are-googling-what-is-the-eu-after-voting-to-leave-it-5965238/

http://www.huffingtonpost.co.uk/entry/eu-referendum-man_uk_576cf8e4e4b08d2c5638ee29

http://metro.co.uk/2016/06/24/people-are-already-regretting-voting-to-leave-the-eu-heres-what-they-told-us-5965067/

oops, perhaps our democratically elected parliament should have just taken this one themselves...

[Barrykearley]

Calm down chaps calm down!!! 

I do completely agree democracy is finally getting a say. The capitalist stench has simply had too much power for too long.

maybe we should talk about the best colours for our lotus cars (aluminium!), 4 pot or v8, spoiler size ?? - ahh no best not - we will be bloody arguing again.

viva la revolution........

 

[LotusLeftLotusRight]

12 minutes ago, C8RKH said:

You say  "Conceited Little Englanders, who don't like Johnny Foreigner have won the day I'm afraid" - well I'm sorry but what a bloody conceited comment to make, calling 52% of the UK population (including Scots and Irish and Welsh) over the age  of 18 and who were entitled to, and did, vote "little and conceited (racists)". Really?

You are entitled to your opinion and so am I. I purposely stayed away from this thread and never looked at it once since it started until today, because I didn't want to get involved in a pre-vote altercation. I won't contribute further, but just a clarification of the above point: 3 regions voted Remain: Scotland: 62%, London 60% and N. Ireland: 56%. The majority of the rest of England (and Wales) voted Leave. Many, like yourself would have correctly voted on principal about the EU, but I genuinely fear that many of the rest just voted on the Immigration card. I heard so many interviews with people saying they were voting Leave for just that reason. I don't think that is something to be proud of. Anyway, in other news... Liz Hurley will be pleased because she wants to see the reintroduction of 100W incandescent light bulbs!

[march]

8 minutes ago, Barrykearley said:

 

Calm down chaps calm down!!! 

 

But Barry - you started it!

[Barrykearley]

And for that I'm properly sorry 

[LF1]

It's a shame that there has to be this black/white in/out applied to the voters.

People voted for various reasons, some valid in other's view other's not. I do believe there is an element of unenlightened voting particularly around the immigration concerns. I also think that people who voted one way or another may well have been very much on the fence at the time of voting (hence my subsequently flamed comment by the leave group regarding the bunting last night), yet their vote (which could have easily gone the other way) has somewhat branded them. 

My best friend voted the opposite to me, we had a long discussion about it this afternoon and the backlash he is getting from his other friends, I knew what he was going to vote as he's been very vocal about it - I asked if he knew what I had voted and there was a pause... Admittedly he is the only person I know or have interacted with today who voted the opposite to me. He did it for his own reasons which were perfectly valid, even if I disagreed. I have always thought voting is a very personal thing and people can be very quick to criticise especially if they are on the opposite side.

Things that were important to me and the basis of my voting may not have been important to other people who voted the same way as me, and same for different people voting for different reasons for the other option.

To cut a long ramble down, people all vote for different reasons some of which are probably unenlightened on both sides, highlighted by:

https://www.washingtonpost.com/news/the-switch/wp/2016/06/24/the-british-are-frantically-googling-what-the-eu-is-hours-after-voting-to-leave-it/

That said, it does seem to me that the leavers generally have been far more public with their opinions over the last few weeks than the remain camp.

[kokostrollet]

Some food for thought.

http://www.zerohedge.com/news/2016-06-24/who-are-biggest-losers-brexit