What does Brexit mean for the stock market?

[Cswim63]

Helicopter money.

 

[Cswim63]

They are going to have to print money

 

[Cswim63]

I say gold. It's the most obvious choice to me.

 

[clacy]

Helicopter money.

I hope I get some. I will invest it in inflation hedges, rather than spend it on booze/cigs like most people.

 

[ScalperJoe]

What will happen next? How will this step affect the stock market in the nearest time? Your guesses...

I guess in the "nearest time" we'll see more volatility in the U.S. stock market, with increased buying pressure in gold futures. The S&P wiped out a month of price action, back to May lows. SPY hit a technical support level at the 100day sma and bounced.

If SPY breaks 200 then I think we'll see some really bearish price action, probably a retest of 180.

 

[radex78]

I don't know impact brexit to stocks market, but I see gold commodity and silver move very strong movement after brexit, also currency gbp move very large pips only in minute more than 1700 pips

 

[Jamie J.]

I can't say that I feel calm about this situation. It will be discussed and certainly last more than one day. And the market reaction will continue to be wavy.

 

[ironchef]

This is without Brexit, with it this year does not look good at all.

 

[Amalgam]

Nothing.

 

[Jamie J.]

Nothing.

Really? Some people lost a lot, but others managed to gain benefits of it. And don't you feel any discomfort?