(June 25, 2016 at 3:23 pm)Allanon Wrote:(June 25, 2016 at 2:47 pm)Pandæmonium Wrote: The 100 index isn't really indicative of most UK companies. You need to look at the 250 index, the majority of which are UK based, owned and operated, to see where the real damage lies:FTSE 250,
http://www.telegraph.co.uk/business/2016...erty-stoc/ (ironically from the Telegraph)
https://www.google.co.uk/search?q=ftse+1...q=ftse+250
Catastrophe. I work for a 250 index company and we lost millions.
Feb 11th - 15,178.8
Today - 16,088.05
900 points higher....
Cherrypicking data doesn't help your case. The February data was a separate drop in the market. Since then, it returned to normal and had been climbing until the recent polls showing a Brexit close race, and then again when the vote came in.
Just because the value isn't the worst doesn't mean it's not bad. The chances of recovery in the recent future are also slim, because of the value of the pound.