The FTSE after Brexit

[Jet Cash]

I've just seen this graph of the FTSE over the last 5 days. It looks as if business and the city have started to recognise the wonderful future that Britain has as a free nation.

[Fortify]

What are you seeing, because it looks like business as usual after a 3 day rollercoaster? I'll agree that the UK will suffer because they voted like fools, but that graph looks pretty much stable with a similar start and the end. You've posted a graph but avoided actually saying anything meaningful, do you think it is good or bad?

[Jet Cash]

I thought it was pretty obvious. Brexit was a shock to the financial world, and created a panic - hence the drop. Now rational thought is prevailing, and the financial world can see the growth potential for Britain. The really good news is that the shares that are recovering are the better companies. Assuming market awareness of course.

[Lethn]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

[criptix]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

Brexit instantly makes everything cheaper... hail nigel farage.

Economic wisdom of brexiters is incredible.
No wonder the leave voters are backpedaling on their decision.

[bryant.coleman]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

Exactly. There was a lot of scaremongering from the Bremain camp. I remember David Cameron even warning the voters that Brexit can trigger World War 3. None of that realized. And on the other hand, I expect the FTSE rallying to record highs in the next few weeks. And this will act as a trigger for Frexit, Nexit and Grexit.

[mOgliE]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

One simple argument:
Leaving the EU can't do any good to a country importing 17billions of pounds more than it exports.

If you can't understand that, Rest In Peace.

[criptix]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

Exactly. There was a lot of scaremongering from the Bremain camp. I remember David Cameron even warning the voters that Brexit can trigger World War 3. None of that realized. And on the other hand, I expect the FTSE rallying to record highs in the next few weeks. And this will act as a trigger for Frexit, Nexit and Grexit.

Just quoting that for the next weeks

[Lethn]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

One simple argument:
Leaving the EU can't do any good to a country importing 17billions of pounds more than it exports.

If you can't understand that, Rest In Peace.

Can I just say something, will you people stop making me agree with bryant.coleman?

[alyssa85]

I expect there will be lots of ups and down to come. Markets are nervous nellies and love a bit of drama.

We've been through worse in the past. You should have seen the markets during WW2, WW1, and during the Black Death. And don't get me started on the Great Fire of London, the Reformation and War with the Spanish Armada. Roiled the markets, all of them! 

[criptix]

People like Fortify and a lot of die-hard remain supporters are in total fucking denial that somebody dared to disagree with them, they simply can't understand why people would want independence and that things might actually go well for the UK, I do think it's too early to tell yet, but just the fact that housing prices are finally dropping means we are at least denting things like the banking cartel which have held back this country for decades.

One simple argument:
Leaving the EU can't do any good to a country importing 17billions of pounds more than it exports.

If you can't understand that, Rest In Peace.

Can I just say something, will you people stop making me agree with bryant.coleman?

Thats the reason we make fun of you

Edit

Lethn you gotta understand that your weirdest opinion is fine as long as you use facts and not lies like bryant to back it up.

[bryant.coleman]

Leaving the EU can't do any good to a country importing 17billions of pounds more than it exports.

The main reason why they import that much is the European Union. Coal mines and factories are being closed all over the United Kingdom, as the local products can't compete with the (zero-tariff) imported stuff from the rest of the European Union. It is not possible to produce coal at $50 per tonne in the UK, as the labor costs are quite high. Still, in countries such as Poland and Slovakia, they are able to produce coal at prices much lower than that.

[criptix]

Leaving the EU can't do any good to a country importing 17billions of pounds more than it exports.

The main reason why they import that much is the European Union. Coal mines and factories are being closed all over the United Kingdom, as the local products can't compete with the (zero-tariff) imported stuff from the rest of the European Union. It is not possible to produce coal at $50 per tonne in the UK, as the labor costs are quite high. Still, in countries such as Poland and Slovakia, they are able to produce coal at prices much lower than that.

Statistics about UK imports:

http://atlas.media.mit.edu/en/visualize/tree_map/hs92/import/gbr/all/show/2014/

And coal is definietly not the main reason for such high imports.

Also coal use in UK is declining because they are switching to different energy sources (eenewable, nuclear).

[gentlemand]

Just checked my main stock market thing. It's gone well up. It's probably very international. Dunno.

It's far too early to declare anything. No one knows what types of trade agreements we'll have. No one knows how many companies are going to abandon the UK, it might be masses of them. No one knows a fuckin' thing.