NYSE opens 250 down today.

(June 27, 2016 at 12:17 pm)Alasdair Ham Wrote: And I don't see how all things being equal the Sterling getting a kicking is a good thing.

I always found getting a pasting more charming.

I say "getting pwnt", "getting pwned", "getting ownt" or "getting owned".

It must make those who have never been part of hardcore 1337 5P34K internet gaming culture cringe and wince like fuck.

(June 27, 2016 at 12:18 pm)Thumpalumpacus Wrote: NYSE opens 250 down today.

Awesome. My IRA lost 6.8% on Friday. I won't know about my 401(k) until the end of the month. I'm going to all cash today.

The effect of this is that my retirement will be pushed out another 1-2 years or more in all likelihood - if the hemorrhaging in the financial markets subsides.

Yes - markets go up and markets go down, but when there's an identifiable and preventable cause, we blame that cause - so thanks a bunch Brexit fuckheads.

I'm really not understanding the "it will get better, you'll see" response to us fucking ourselves (and others) over. Wouldn't it be even better if we didn't?

(June 27, 2016 at 12:17 pm)Alasdair Ham Wrote: I guess I just don't see how all things being equal it going down before going back to where it was is a good thing. And I don't see how all things being equal the Sterling getting a kicking is a good thing.

It isn't, especially when both are occurring simultaneously.

It appears to be post hoc rationalization, IMHO.

(June 27, 2016 at 1:30 pm)Alasdair Ham Wrote: I'm really not understanding the "it will get better, you'll see" response to us fucking ourselves (and others) over. Wouldn't it be even better if we didn't?

Somehow, such reassurances are pretty meaningless coming from a group who don't even have a fucking plan in place.

Well, Dave will have a real good time at the EU summit tomorrow. He won't invoke article 50 and I'm sure, all the others will love him for that and treat him with the utmost courtesy.

Quote:By not doing so, the theory is, and by bequeathing the responsibility to whoever succeeds him, Cameron has handed the next prime minister a poisoned chalice. Given the dramatic reaction to Brexit – on world stock markets, on the foreign exchanges, in Scotland, across Europe – and with the enormity of the consequences of leaving the EU now plain, who will dare pull the trigger?

http://www.theguardian.com/politics/2016...icle-50-eu

(June 27, 2016 at 1:30 pm)Cthulhu Dreaming Wrote: It appears to be post hoc rationalization, IMHO.

My thoughts exactly.

(June 27, 2016 at 1:31 pm)Cthulhu Dreaming Wrote:

(June 27, 2016 at 1:30 pm)Alasdair Ham Wrote: I'm really not understanding the "it will get better, you'll see" response to us fucking ourselves (and others) over. Wouldn't it be even better if we didn't?

Somehow, such reassurances are pretty meaningless coming from a group who don't even have a fucking plan in place.

It was hard not to laugh when I saw Boris Johnson's entire speech was about "at least we're offering hope" as if hope is a good thing when it's false and in fact going to do more damage than good?

Seriously people would rather any answer than no answer. It's the same reason so many people in this world prefer "Goddidit" to "We don't know yet."