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19:34
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Originally posted by Scarpa
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I stated this in another thread a few days ago. Note the ASX market was the first market opened when the vote came in. People are looking at the headline figure IMO but the percentages are a better guide - Dow down 600 points but that was 3.4%, Footsie down 3.15%, ASX down 3.3%. In the shocks below the market fell a lot more on the day. Shanghai composite Index was down 1.30% which is a surprise in itself.To tell the truth, this is short term. The GFC, end of DotCom, Asian Financial crisis, October 1987 crash were also going to be the end of the world but markets recovered. My take is some short term pain - markets will wake up that UK ain't leaving for 2 years and trade and life will go on. My prediction - this will occur by next Wednesday.
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Spot on. My feeling is that the market factored in a 'remain' outcome, the drop on Friday carrying over into early in the week is just a correction. XPE dropped more than the market average so this could really be bargain hunter time. Let's hope.
