Markets around the world start freaking out

cnn.com ^ | June 23, 2016 | CNN

[Berlin_Freeper]

With investors on razor's edge, markets around the world turned sharply negative as initial results from the British referendum on European Union membership showed a nail-bitingly close vote. The pound plunged to its lowest level since 1985 as results gave a narrow lead to the Leave campaign. Amid volatile trading, the British currency sank below $1.35 after earlier touching $1.50.

[familyop]

Dow future back up to 578 points down.

[sailor76]

Buy Mortimer, Buy!

[TheTimeOfMan]

Yes. It is just a referendum. It is not binding on Parliament.

[familyop]

WTI crude: $48.85 barrel

The only cool heads around.

[dfwgator]

What about pork bellies?

[familyop]

Japanese and Hong Kong markets taking quite a dive.

[familyop]

That’s about Japanese and Hong Kong stock indexes, by the way.

[aMorePerfectUnion]

This referendum is non-binding...

[Berlin_Freeper]

I wouldn’t be assured on the current state of the oil market. Of all things.

[Berlin_Freeper]

Japan warned about this.
https://www.theguardian.com/world/2016/jun/15/brexit-is-a-huge-negative-for-japanese-companies-in-the-uk

[exit82]

NIKKEI 15121.91 -1116.44

[exit82]

HSI 19894.12 -974.22

[Mears]

Thanks.

[familyop]

Oil prices might fluctuate downward, yes. But the question on the oil market is, “Will production and demand be much affected in the longer term (say, 3rd and 4th quarters)?”

http://oilprice.com/

[sailor76]

Who cares? I'm sure it's Janet herself with a Golbex terminal selling the S&P.

Don't worry, in a day or two it will be so far up her butt, she'll petition Obama to raise taxes to cover her loss.

[exit82]

Dow Jones mini -658.00
17257.00 -3.67%
12:25 AM

[HamiltonJay]

Sky is falling, call in me two weeks... idiotic....

Everyone panics for no damned reason.

Britain just Busted the globalists bubble huge, the global economic honestly didn’t think this was remotely possible... So as a result they are all in a panic.

Life will go on...

[familyop]

"What about pork bellies?"

I don't know. It doesn't seem that the Brexit would affect pork markets much, unless the hysteria brings a general collapse.

[Sequoyah101]

I agree, buying opportunity. This is silly.

All in all I think this is a good move but the old hippie freaks and libs are making it out to be an absolute disaster.

Watching Sky News on Youtube. Just a lot a hand wringing and sour grapes mess.

[exit82]

Dow Jones mini -695.00
17220.00 -3.88%
12:36 AM