Hey magie,
You are dead right, business should be as usual, and life will go on in the uk. But would you buy bhp right now or rio?? If you were manufacturing the jaguar motor car, are you selling those abroad at the same rate as you were before brexit?
You are right that the economics haven't changed and fear right now is the driving force in the market, but I know I wouldn't buy in to anything in the ftse exchange, and there will be a lot of people trying to minimise their losses on the uk market while the shorters make billions. Only because no one knows how this will play out.
I hope it ends well for all involved except for the big instos who thrive on the fear of investors and would be captilising.
All I can see is a massive organisation like gold ball sacks and a fund manager walking into a room full of traders, after seeing the brexit was happening and yelling 'short everything'
All my opinion only.
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