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[GK86]

The Associated Press @AP

BREAKING: US stocks plunge in early trading after Britain votes to leave the EU; bonds, gold prices rise.


Reuters Top News ‏@Reuters

Nasdaq down 3.6 percent shortly after opening following Brexit vote, Dow Jones down 530 points

 

[Guevara]

buy buy buy ?

 

[harSon]

....

thanks uk

 

[Pai Pai Master]

Aw yeah unnecessary reactions to shit that's not clear yet

 

[Slayer-33]

The sky is falling

 

[Laevateinn]

Overall, just how much is the US economy tied to Britain being in the EU? Is this mostly the effect of multinationals having more uncertainty? Will we be hit as much as our friends across the pond or will it be muted?

 

[demosthenes]

buy buy buy ?

Yes yes yes.

 

[Link]

Welp...

 

[brokenbeans]

Sell sell sell?

 

[marrec]

Aw yeah unnecessary reactions to shit that's not clear yet

Usually the market will pre-sell most of the reaction to big news, but this was very unexpected.

Markets hate unexpected news.

I imagine we'll be down around 3% by end of trading.

 

[B-Dubs]

Wait, you mean economic uncertainty can lead to economic instability?

That's heavy doc.

 

[Randolph Freelander]

This is tame.

To put it in perspective, the last time the S&P was at this level was last Thursday.

 

[friskykillface]

Panic panic panic?

 

[DrFunk]

- 440.34 right now

fake edit: - 425.13

weee don't knowwww what's happpppeningggg

 

[Link]

Wait, you mean economic uncertainty can lead to economic instability?

That's heavy doc.

Weight has nothing to do with it.

 

[Reg]

This ain't shit. Relax.

 

[NomarTyme]

This is tame.

To put it in perspective, the last time the S&P was at this level was last Thursday.

Good to know.

 

[Captain Smoker]

Not that much, US economy is strong enough.


Overall, the biggest loser in this is going to be UK while every other markets gets back to normal.

 

[entremet]

Don't panic.

 

[demosthenes]

Sell sell sell?

You're doing it VERY wrong if you're selling now.

Panic panic panic?

No no no.

Spoiler

In before Iraqimeme.jpg

 

[Slayven]

Usually the market will pre-sell most of the reaction to big news, but this was very unexpected.

Markets hate unexpected news.

I imagine we'll be down around 3% by end of trading.

Save us Tim Wise

 

[marrec]

This is tame.

To put it in perspective, the last time the S&P was at this level was last Thursday.

This really isn't as bad as I thought it could get. We'll see if something drops the bottom out later in the day but a drop of about 1-2% is looking most likely. So, still up for the week I think?

 

[darkwing]

it will recover I think, UK not so much

 

[DragonSworne]

The ignorant voters in the UK are to thank for this.

 

[Guevara]

Not exactly a huge drop

 

[Slayven]

 

[BronsonLee]

I BLAME SCOTLAND

 

[Alphahawk]

The stock market is super reactionary in a way that doesn't fully make sense to me as an adult. Like you know that the company is going to pick up steam in like a week, I know it. So like why even bother selling.

 

[vinnygambini]

Slight recovery, but there could be an accelerated sell-off near closing.

 

[balladofwindfishes]

This is tame.

To put it in perspective, the last time the S&P was at this level was last Thursday.

Oh, this doesn't sound bad at all.

 

[DragonSworne]

The stock market is super reactionary in a way that doesn't fully make sense to me as an adult. Like you know that the company is going to pick up steam in like a week, I know it. So like why even bother selling.

So you can buy it at a lower price and make more money?

 

[demosthenes]

So you can buy it at a lower price and make more money?

You can't time the market. Selling now is wrong. If you're doing anything, you're buying now at a discount.

 

[ColdPizza]

The stock market is super reactionary in a way that doesn't fully make sense to me as an adult. Like you know that the company is going to pick up steam in like a week, I know it. So like why even bother selling.

It's just market makers gaming the news. They're hoping to scare people into selling their assets so they can gobble them up for cheaper.

 

[maquiladora]

This is tame.

To put it in perspective, the last time the S&P was at this level was last Thursday.

@Nadex_US

The S&P 500 is down more than 2.5%, in its worst opening since 1986.

https://twitter.com/Nadex_US/status/746337744192946176

 

[Randolph Freelander]

This really isn't as bad as I thought it could get. We'll see if something drops the bottom out later in the day but a drop of about 3-4% is looking most likely. So, still up for the week I think?

We'll see. The markets ran up yesterday on hopes that Brexit would fail. Today, it's giving those gains (and a little more) back. Who knows where it will go from here, but so far, it's a manageable drop, certainly not as steep as what was happening internationally overnight.

 

[Crisco]

This isn't that bad, mostly just scaremongering over unexpected news. What underlying economic fundamentals are actually affected here? I guess long term, if the UK economy suffers it will mean less US exports going there, but how large a piece of our GDP is that really?

 

[marrec]

We'll see. The markets ran up yesterday on hopes that Brexit would fail. Today, it's giving those gains (and a little more) back. Who knows where it will go from here, but so far, it's a manageable drop, certainly not as steep as what was happening internationally overnight.

I edited my original post because 3-4% seems rather unlikely at this point, but ya I agree here. Whatever drop we're seeing is not as bad as what I was looking at overnight.

 

[Alphahawk]

So you can buy it at a lower price and make more money?

It's just market makers gaming the news. They're hoping to scare people into selling their assets so they can gobble them up for cheaper.

ahh ok, I didn't realize it was a bluff. I would ask who believes this news, but then I remember in Middle School we went on a "field trip" to a daytraders house and he spoke about how, he just did the whole thing based on trends, and did not care about the nuts and bolts of things. I realized that that was a pretty surefire way to eventually lose a bunch of money, right there.

 

[ColdPizza]

This isn't that bad, mostly just scaremongering over unexpected news. What underlying economic fundamentals are actually affected here? I guess long term, if the UK economy suffers it will mean less US exports going there, but how large a piece of our GDP is that really?

Traders will use whatever bad news they can cling to to influence volatility and make money in both directions.

 

[ColdPizza]

ahh ok, I didn't realize it was a bluff. I would ask who believes this news, but then I remember in Middle School we went on a "field trip" to a daytraders house and he spoke about how, he just did the whole thing based on trends, and did not care about the nuts and bolts of things. I realized that that was a pretty surefire way to eventually lose a bunch of money, right there.

It's definitely not a game for an average joe investor to make money on...some tend to get lucky but it's impossible to time the market unless you're the one influencing the market (now I'm getting into hedge funds and other entities that have access to high frequency trading computers).

 

[Link]

Traders will use whatever bad news they can cling to to influence volatility and make money in both directions.

Reminds me of gas prices.

 

[E92 M3]

There is money to be made here.

 

[Bruce Springsteen]

Perfect time to visit UK with the exchange rates dropping

 

[Diablos]

Not exactly a huge drop

lol...

 

[smokeandmirrors]

thanks racists and xenophobes

 

[weekev]

I BLAME SCOTLAND

God dammit how did Trump get a GAF account.

 

[Alphahawk]

It's definitely not a game for an average joe investor to make money on...some tend to get lucky but it's impossible to time the market unless you're the one influencing the market (now I'm getting into hedge funds and other entities that have access to high frequency trading computers).

I mean he did have a pretty good setup for 99, but again he didn't seem interested in trying to influence the market. Seemed to make a decent living at it for the time though.

 

[Joe Shlabotnik]

Panic selling, if it hovers around here that's a rather contained panic.

 

[Haloid1177]

Thanks Obama.

 

[Link]

thanks racists and xenophobes

I don't even want to think about what kind of crash the market would have if Trump were somehow elected.