Brexit Wins

westv

According to the BBC anyway. Looks like it'll be a turbulent time for our pension savings. A good buying opportunity?

jamesd

A bit soon for a buying opportunity. Take a look at the developments back in late 2008 to see it taking a while for markets to work through things before they reached a low.

At least, that's my view, it's still crystal ball territory but I'm waiting.

What I may do is exercise to sell some nine year old options in a US company that are less than a year to expiring, on the basis that a market drop may not have time to recover before they expire and may well have further to go.

If you think that it will be a repeat of 2008 it may be a good time to do some selling to reduce exposure, or to buy some doubly or triply leveraged short ETFs to reduce your net exposure to market moves. Triply can be a bit erratic in tracking during very turbulent times but doubly leveraged can do a better job of tracking the underlying moves.

AG47

Brownlow wrote: »

Yep.

I think Monday Morning will be a very interesting morning.

Stock markets are in free fall. The derivative markets are getting gutted with the brexit uncertainty.

Word that Deutsche Bank has fired 3,000 employees effective immediately is a clear indication that the largest derivative holder in the world has just been GUTTED.

They are basically the German central bank, they have €75 trillion in toxic derivatives, and they have admitted silver manipulation and the best part is they have grassed on other criminals involved in the manipulation to try to get a lighter punishment for their involvement.

Silver has not been this high for a while, could this be it?

jamesd

AG47 wrote: »

Word that Deutsche Bank has fired 3,000 employees effective immediately is a clear indication that the largest derivative holder in the world has just been GUTTED.

That was announced on Thursday, before the result was known and is not related to the result in the Brexit referendum.

kidmugsy

jamesd wrote: »

That was announced on Thursday, before the result was known and is not related to the result in the Brexit referendum.

A good day to bury bad news.


Now we'll presumably see a parade of unpopular EU actions that have been deferred until after the referendum. And, indeed, maybe some unpopular UK government actions.

atush

The UK is still in the EU. and has a veto.

Not like they can do anything major.

kidmugsy

atush wrote: »

The UK is still in the EU. and has a veto.

Not like they can do anything major.

The ability to veto a large range of policies was removed years ago.