What does Brexit mean for the stock market?
- Thread starter Jamie J.
- Start date
I agree -- I somewhat feel the Brexit stuff is overrated,
...you shouldn't necessarily get that excited for it...just treat each trading day, as: business as usual regardless it it's a good day, or bad day...or exciting day, or slow day.
Start each day with a clean, neutral slate -- Have no grudges or assumptions.
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Great Britain? I thought it was UK.
Nobody knows what it means, in the medium to long term. It primarily depends on what happens with Europe now.
This was just a reason for Big brokerage and funds to take profit at end of Thursday, hedge their positions and buy Puts. And this morning great time to buy stocks and liquidate options and do Put credit spreads. If it gets too low, put on hedges for long stocks and exit Put credit spreads. Life is just matter of readjusting.
Am sure Europe will have to readjust as well. I always thought having one currency was a shame, good countries get watered down and not so good countries benefit.
Am sure Europe will have to readjust as well. I always thought having one currency was a shame, good countries get watered down and not so good countries benefit.
I would say watch the European banks, which are already on the ropes. Spain, Italy, Portugal. When there is a perception of uncertainty, businessmen tend to tighten up. So I would not be surprised to see a credit contraction, which is the last thing Europe needs. I hope I'm wrong, because it will spill over to the US. I haven't commented until now, because it's silly to speculate. But you can see from the other comments that traders are already bored with this issue. But growth worldwide is very weak. So we have to see if it exacerbates. The markets can have a huge impact on psychology and therefore spending
there must be some Opportunities here/now
[some homework will be needed of course]
i'm not talking about daytrading per se, but swing trading, or longer...
marc
[some homework will be needed of course]
i'm not talking about daytrading per se, but swing trading, or longer...
marc