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With only a 3% drop today it is certain that a fairly sum of money came into the US market today as a safe haven. Next week sometime many EU companies will be headed for a P/dy (dy=dividend yield) in the teens. At that point or thereabouts greed will overcome fear and money will leave the US markets causing a large decline in the US market, how big of a decline would you expect?
There is no way of knowing that. Any answer would be a wild guess. Hell, the British government has no idea what is going to happen at this point. If previous shocks to the market are any guide, I would expect a recover Monday or Tuesday followed by a turbulent market for days, possibly weeks. There are so many unknown factors. Will parliament approve Bexit? What kind of terms will Brussels extend to the British. Will Scotland and Ireland seek independence from Britain? And of course the elephant in the room, will France and possibly other countries follow in Britain's footsteps? If this happens, it could lead to a collapse of the EU and a worldwide financial crisis which would certainly effect US equity markets.With only a 3% drop today it is certain that a fairly sum of money came into the US market today as a safe haven. Next week sometime many EU companies will be headed for a P/dy (dy=dividend yield) in the teens. At that point or thereabouts greed will overcome fear and money will leave the US markets causing a large decline in the US market, how big of a decline would you expect?
The market certainly does care because this can effect earning of US stocks. Almost all high cap stocks have significant global exposure. And no, a 600 point fall at end of the week is certainly not normal.The market doesn't give a shyt what England does. It is fairly normal for a drop at the end of the week. I expect a rise on Monday or Tuesday. Anything England has is a blip on the economics of the world.
The market certainly does care because this can effect earning of US stocks. Almost all high cap stocks have significant global exposure. And no, a 600 point fall at end of the week is certainly not normal.The market doesn't give a shyt what England does. It is fairly normal for a drop at the end of the week. I expect a rise on Monday or Tuesday. Anything England has is a blip on the economics of the world.
I agree a 3% fall in the market is pretty meaningless to most investors. The fall in the market is not the result of anticipated impact on growth but rather fear of the unknown and there is lot unknown at this time.The market certainly does care because this can effect earning of US stocks. Almost all high cap stocks have significant global exposure. And no, a 600 point fall at end of the week is certainly not normal.The market doesn't give a shyt what England does. It is fairly normal for a drop at the end of the week. I expect a rise on Monday or Tuesday. Anything England has is a blip on the economics of the world.
The fat cats are using the vote as an excuse to take more of our money. A 3 percent drop is not something that should make a person crap themselves.
