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Forum - Wall Street Pit (S&P 500 Index - "Spiders - SPY)    Stock Due Diligence for All

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From: rmlinden (Rep: 348) reply to sr99Date: 06/28/2016 08:34
Forum: Wall Street Pit - Msg #2622502 - List SPY msgs Thread #673849962 (Rec: 0)
Re: I just feel Market bounce back hard, It was just a referndum by people, Brita...

Well you also need to understand that anti eu sentiments are present in more countries. Thats the whole readon why england is being punished so hard (the eu 'sod off' mentality towards uk, the SP downgrade and whatever more).
The fear might be that more countries want out.


On the other hand, i also think that scaring the brittish into a positive revote might be route that the eu might be taking. Just unleash all heck, scare the people senseless and then a new referendum. That is one reason why the uk might be waiting for up fo 2 years to make it official, that is alot of time.

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Reply to sr99 - Msg #2622500 - 06/28/2016 08:05

I just feel Market bounce back hard, It was just a referndum by people, Britan is not going sign article 45 from his comments he resigned last friday he will be office till October and it is upto his successor to make decision.

Politics is key weather Britan truly want exit in october or later to sign aritical 45 which takes 2 yr to exit out from EU, A lot of scenerio's change like Govt change, re=eclection with referndom, or just 2nd referndum...

Market just hit hard with Panic on results of referendum... We can expect hard bounce to new highs soon.
NOTE: This message has been revised 1 time. Read original version of this message.
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