Thursday, June 23, 2016

The Economy: "CRITICAL ALERT! Brexit Causes World Stock Markets To FREEFALL"; Updates As Available

Gregory Mannarino, "CRITICAL ALERT! Brexit Causes World Stock Markets To FREEFALL"
"Stock Markets in Asia are plunging as astonished investors, totally blind-sided by how out-of-touch their Brokers were on this subject, are pulling money out in droves. In Tokyo, the Nikkei is presently down 1200 points and Trading was temporarily HALTED to give traders time to reconsider what they were doing. Futures are also plunging, with the German DAX futures down 900 points and in the USA, the Dow futures are down 700+ points. The S&P 500 dropped so much in overnight futures, that it actually triggered its LIMIT-DOWN circuit breaker, even though the market isn't open yet! Gold has spiked more than $90 per ounce this evening, Silver is up slightly and oil prices are taking a significant fall.

Clearly, the "elite" had no conception whatsoever, how the vast majority of British people HATE the EU and it tyrannical, meddling in everyday affairs of average people. These same "elite" are the ones who have also been stupified about the rise in the USA of Donald Trump. The issues both in the UK and in the USA are very similar; bloated government, interfering in everyone's lives, taxing us to death while ignoring the issues which are important to everyday people. Issues like jobs, and mass immigration.

These issues are the brick wall that the British government and its high-and-mighty financial class, slammed into this evening, as the British People resoundingly defeated the New World Order and Globalization.”
Last modified on Friday, 24 June 2016 01:31

Published time: 24 Jun, 2016 05:32: "Stock markets from Tokyo to London collapsed on Friday as Britons voted to leave the European Union. Panicked investors dumped risky assets that had built up ahead of the referendum, which many assumed would have the opposite effect. The British pound plunged 10 percent, the most since 1985, the euro fell the furthest since its introduction in 1999, while the Japanese yen had its biggest surge since 1998.

Traders say currency moves are more extreme than during the 2008 financial crisis. "Never seen anything like it. These are once-in-a-lifetime moves, bigger than Lehmans and Black Wednesday, and we haven't even had the result yet," Joe Rundle, head of trading at ETX Capital was cited as saying by BBC. "We're waiting for the big money to crank into action over the coming days and even weeks, which will likely exert further downward pressure on sterling," he added.

Asian stocks dropped the most in five years. Japan's Nikkei index closed almost eight percent in the red. China's Shanghai composite was down over one percent and Hong Kong's Hang Seng was losing over four percent before the closing bell. Futures on the FTSE 100 Index plunged before the start of trade in London. US S&P 500 Index contracts are deep in the red.

“Investors are just trying to get out. You sell first and ask questions later. There was a massive miscalculation of risk and now you're seeing all that unwind,” head of investment strategy at Perpetual Ltd. in Sydney, Matthew Sherwood, told Bloomberg.

Oil fell below $48 per barrel. Gold soared along with US Treasuries as panicked investors sought safe haven from the markets. Price of the precious metal, a traditional refuge from volatile markets, jumped almost five percent to over $1,300 per ounce.

“All hell is breaking loose,” Bloomberg quotes Vishnu Varathan, a senior economist in Singapore at Mizuho Bank Ltd as saying. “The only sure [thing] is you buy yen, you buy US Treasuries, you buy gold, you sit tight.” An appetite for riskier assets on the market has built up as polls suggested that the chance of Britain's exit from the EU was unlikely. Oddsmakers had put the chances of Brexit at one in four. Global central banks, government officials and financial experts had warned that Brexit would lead to market volatility."

06/24/2016 12:08 am ET:  "BREXIT CARNAGE: Sterling, Stocks In Free Fall As UK Votes To Exit European Union"

"UK Pound Collapses, Nikkei, European Futures Crash, Oil Dives,
Gold & Bonds Soar as Brits Choose 'Leave'”

Jun 24, 2016 6:14 AM "Brexit: All The Latest News, What Happens Next And How To Trade It"
And here it comes... One word: derivatives.
You were warned, again, and again, and yet again.
Panic? Oh, too late for Panic now...

Any questions?

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