Stock markets are in a nosedise thanks to brexxit

[espio100]

http://www.telegraph.co.uk/business/2016/06/23/markets-live-will-sterling-surge-or-slump-as-the-eu-referendum-c/
http://www.ft.com/cms/s/0/7a888f22-39a2-11e6-9a05-82a9b15a8ee7.html
http://www.hln.be/hln/nl/37422/Brexit/article/detail/2763581/2016/06/24/Europese-beurzen-openen-10-lager.dhtml (dutch, where I got my information)
After 30 minutes the stock market in brussel crashed with 10%, In france it even is 11.8%.
The pounds is 8.9% lower and is now 1.37 dollar.
The euro is 3.4% lower and is now 1.14 dollar. (iirc it used to be 0.8)
So did gold, silver, oil and various other stuff. Gas prices will increase a ton and I have over 4000 euro in stock market wich will now plummel, great.
What was even the point of leaving?

[Ad Bot]

[DrenDran]

They're just being over dramatic. stuff will sort out in a few days.

Britain maintained its national sovereignty, and that's more important than any financial statistic.

[Magus]

They're just being over dramatic. stuff will sort out in a few days.

Britain maintained its national sovereignty, and that's more important than any financial statistic.

So, what, exactly, will leaving the EU do for the U.K.?

[DrenDran]

So, what, exactly, will leaving the EU do for the U.K.?

Doesn't matter. Fighting globalism is its own victory. Just like some people fight racism, I think a lot of people these days are choosing to protect national sovereignty.

[DemitiriV2]

MUH STOCKS

It will bounce

The closest you have ever come to the stock market is watching the Wolf Of Wall Street on Blu-ray. Stop acting like you care.

[espio100]

MUH STOCKS

It will bounce

The closest you have ever come to the stock market is watching the Wolf Of Wall Street on Blu-ray. Stop acting like you care.

Except I have 4000 loving euros of them and everything is literally going in red.
Yes I care. It's money. And it's allot of monies.

Also it doesn't take a genius to understand how stocks work.

[TristanLuigi]

Doesn't matter. Fighting globalism is its own victory. Just like some people fight racism, I think a lot of people these days are choosing to protect national sovereignty.

Globalism is not inherently bad, though, and I think we can agree North Korea and the Third Reich could have used a little less national sovereignty.

[Nymph]

Seems like the pound is already starting to recover

[gr8dayseth]

I read the title as sock markets and I was about to laugh that mczealot made that big of a difference

[Refticus]

I read the title as sock markets and I was about to laugh that mczealot made that big of a difference

eating one sock does things to the sock market.

[Tokthree]

eating one sock does things to the sock market.

Following the Zealot incident, people are out in force this morning demanding returns and refunds on their socks citing claims that "the flavour simply isn't up to the standards that are expected." In the face of this mass outcry, SOCK values are falling across the board. Economic brown townysts are suggesting that this is indicative of a shift in consumer mentalities, warning that the market leaders must be quick to adapt to the new demands of the market if they hope to survive post-Brexit.

[Rally]

>Eurocucks getting what they deserve

[Tokthree]

>Eurocucks getting what they deserve

Now their fragile, sock-based economy will collapse along with the very hubris from which it was constructed!

[Dannu]

They're just being over dramatic. stuff will sort out in a few days.

This is the oppisite of truth. The big international money will come into play in a few days and will excert more downwards pressure on Britains economy. This is the reaction of the smaller investors, not the international reaction.

[Dannu]

Doesn't matter. Fighting globalism is its own victory. Just like some people fight racism, I think a lot of people these days are choosing to protect national sovereignty.

Think about it, in the stone ages, human mental capacity and capacity of travel allowed for cave communities. Fast forward to family relations, then villages, then towns, then cities, city states, juristictions, countries etc. As our mental capacity and capacity of travel increases, so will our scope of co-operation. It is not bad, not even neutral, it's a good thing. The EU started with the Coal and Steel Pact between post-WWII France and Germany and the union expanding got Europe out of the effects of the most crippling war in recorded history and made it into a global economic superpower.