(June 27, 2016 at 11:57 am)Alasdair Ham Wrote:So Fucking High Wrote:The FTSE will be back up around 6,300 as it was before the referendum.
If the FTSE goes down and then goes back up to where it was isn't that worse than if it simply hadn't gone down?
It isn't that simple, but markets go up and down, that's what they do. What markets don't like is uncertainty, once this all calms down and the hysteria is replaced with rational thinking the markets will even out.
Sterling getting a kicking could actually be a very good thing for us, your holiday might be more expensive, but our exports will be much more attractive.
To put it into perspective mate, it was down to 3800 in 2008, we're nowhere near that and I'd guess we won't get anywhere near it either.
You may refer to me as "Oh High One."