I still can’t believe a global power essentially voted itself into mediocrity, completely voluntarily.
As someone said this morning: this is what you get for governing by referendum.
wow–what a worthless article. As of this posting, it is one sentence long and provides no details about how much the stocks are down or any insight discussing why they are down. Really, I expect better.
2% is a plunge? Seems hyperbolic.
Gold however is up 4.25% and rising.
…and as Trump said, it’s all Obama’s fault.
Dow was off 500 right out of the gate…now only down 400. Time to buy!
Better get your Gold Security Investment starter kit from The Golden Fleece himself, Glenn Beck:
Its basically AP’s version of breaking news that TPM is providing. Not intended to be expository. Hopefully, as markets close and more information is available, there will be an article here on how and why things happened throughout the day regarding not just our US stock market but those around the world that were affected by this vote yesterday.
General consensus is nothing catastrophic will happen to the US markets today. The giveback is only the gains made during the week this week.
What will be more telling is what happens after the cooling-off period over the weekend. The financial ‘destruction’ will not be immediate and it could be years before GB is actually out of the EU.
Trump and the Palin People think their stock went up today.
When in reality (there is that word again), any uncertainty in the world only makes Trump’s stock go down in this country. Nobody really believes that The Donald could protect anything except maybe his CombOver with that silly hat.
And that’s the way it should be. You don’t just cut your losses and run for the hills. That’s exactly what Trump thinks is happening. Those that set up the EU were far more cautious and wise. They were not going to let anyone just walk away and leave the world in chaos.
Chaos is now the GOP’s main agenda. It’s not winning them any converts among Independents. And then Trump is alienating everyone else. Great strategists.
Bitcoin’s on the rise too!
I would suggest however that lots of rich people are hedging their bets one way or the other right now to get ahead of any further downside, and moving around piles of money based on this vote, even without knowing how all this will shake out. The average American small time investor right now…not so much. How it will affect 401Ks and other retirement accounts in the long run, in the hands of financial advisors will depend on how various funds chosen for those accounts are set up obviously. I lost a little over a third of my retirement account in the 2008 crash. I don’t think we’ll see anything like that from this here…but I do think it will have some impact all the same.
While not catastrophic, the losses today will be bigger than just this week’s gains. Currently close to a 3 month low. Nothing awful, but a decent time to buy (although not as good as in January/February). It’s possible it will continue to slide though, or a bigger fall will come - 3% is nothing crazy.
Republicans are gloating over Britain’s decision to leave the EU. The stock market is getting pounded.
I’ll freely admit that I don’t have nearly as much money invested towards my retirement as I should. Still, today’s stock market activity has me down a few thousand dollars for the day.
Aren’t Republican investors losing money, too? Has anyone else noticed that the Republicans are positively giddy over something that’s collectively costing U.S. investors billions of dollars?
I’ll never figure out why anyone thinks voting Republican is good for the stock market, business, or the economy in general.
If you’d like to complain to the Associated Press for their lack of detail in their report, you can reach them at ap.org.
Manipulative headline as the authoritarians try to drum up the natives after a democratic vote went in a direction that they disagree with. Really what’s happening here is that they are terrified that their unelectable candidate will allow in the worst president in the history of this country.
Well, there’s still November to look forward to. Nothing could go wrong here, right?