Brexit's Stock Market Selloff Worst Ever at 2 Trillion Dollars

[c.d.]

http://www.msn.com/en-us/money/markets/its-official%e2%80%94brexits-black-friday-selloff-was-the-worst-ever-at-dollar2-trillion/ar-AAhDT7o?li=BBnb7Kz

c.d.

[sdreid]

If you're dumb enough to bet your future on the stock market then I suppose you kinda get what you deserve.

[Svensson]

Then again, could be a great time to buy....

[Damaso Marte]

It's most interesting that European markets are down more than UK markets.

[Svensson]

Depends on if you are looking at the FTSE100 or the FTSE250. The latter being more domestically orientated than the former. Also, the UK's perceived trump-cards in Brexit, the financial sector has received a particular hammering. Barclays and RBS lost between 20 and 30 percent and trading their stocks had to be halted as a precaution.

[Geddy2112]

Oh dear the greedy bankers gambled, yes GAMBLED on the wrong outcome.... oh well.

[Svensson]

I don;t think it has anything to do with gambling. More likely that the shareholders looked at RBS/Barclays and asked themselves if they were going to produce decent dividends next quarter or not. if the answer is no, they will sell and shift their stock somewhere else.

[Graham]

And now, as of 5.00pm this afternoon, the FTSE 100 is back above its pre-Brexit level. I could have made a bloody fortune.

Graham

[Mayerling]

And now, as of 5.00pm this afternoon, the FTSE 100 is back above its pre-Brexit level. I could have made a bloody fortune.

Graham

Yes Graham, and had my grandparents had the money in 1927 they could have purchased AT&T when it was trading at 10.

In which case my servants would be typing this while I dictated.

Jeff

[Graham]

Yes Jeff, and I'd like to know what the bloody hell is going on. We all expected a fall in UK stocks, but a rise back to pre-Brexit levels in less than a week? Could it be that there is reliable inside information that our next PM will be Boris?

Graham

[GUT]

Yes Graham, and had my grandparents had the money in 1927 they could have purchased AT&T when it was trading at 10.

In which case my servants would be typing this while I dictated.

Jeff

We often complain about my grand father buying land at 35quid (back in 1940s) for near on an acre on the Lake, where I grew up, why didn't he buy a lot more.

Just recently our daughter is complaining that me and Mrs Gut didn't buy more blocks back in '99 when they were a quarter the price they are now.

[Graham]

In early 1971, a few months before I got hitched, I was looking for a house. The father of a friend of mine, who lived near Lichfield (and only a half-mile from where the Staffordshire Horde was found) told me he knew of two small cottages which were up for sale nearby. He took me to view them - they were deserted and semi-derelict, but with about 3/4 acre of land behind them, and much more than a non-DIY bloke like me could even think about. The asking-price was less than £1000. Two years ago I happened to see, purely by chance, that those cottages, long ago knocked into one single habitation and extensively modernised, plus the developed land to their rear, were on the market for £975,000. ****.

Graham

[GUT]

In early 1971, a few months before I got hitched, I was looking for a house. The father of a friend of mine, who lived near Lichfield (and only a half-mile from where the Staffordshire Horde was found) told me he knew of two small cottages which were up for sale nearby. He took me to view them - they were deserted and semi-derelict, but with about 3/4 acre of land behind them, and much more than a non-DIY bloke like me could even think about. The asking-price was less than £1000. Two years ago I happened to see, purely by chance, that those cottages, long ago knocked into one single habitation and extensively modernised, plus the developed land to their rear, were on the market for £975,000. ****.

Graham

Yep 1979, three blocks waterfront $3,000, now well over a million each.