I'm NOT That Smart...

[Bob Denman]

But it IS down over 610 points right now... :yikes:

 

[vided]

It's going to be interesting. I know our " leader" isn't to happy about it.
.

 

[spydaman60]

But it IS down over 610 points right now... :yikes:

i'm having a hard time laughing over that!nojoke

 

[BajaRon]

I think Brexit is a good thing. It's a poke in the eye to the 'One World' government people. Though eventually, we will end up with a one world government anyway. I'd like to put it off as long as possible.

 

[Trbayth]

i'm having a hard time laughing over that!nojoke

Sell now and all you've accomplished is locking in your losses.

People are talking as if UK is already out. As I understand it, absolutely nothing will happen for up to two years (from when the UK formally declares its desire to leave the EU, which it hasn't done yet.) Then, if extended, it could be up to another five years before they leave. So it's possible nothing will change for up to seven years other than gallons of ink and tons of hot air expended.

What I find fascinating is reading posts on social media from coworkers and other friends. Finding out where they stand from "good for UK" to "effing idiots" is really eye-opening.

 

[PrairieSpyder]

Far be it from me to meddle in UK's affairs, but if I was voting there, I'd have been for leaving. I wouldn't have liked the centralized unelected folks dictating local laws.

I think the market downturns were because all our "betters" really assumed the vote would be to stay in the EU, and that was reflected in the stock prices before the vote. I love it with the so called 'elites' get a comeuppance.

The US dollar gained compared to the pound and the euro because people there fled to the safest currency there is. A stronger US dollar is great if you're visiting another country or buying from them. But it hurst US companies trying to export because it makes US goods more expensive.

 

[Bob Denman]

I'm guessing that on Monday: the "Bargain Hunters, will drive the Dow Jones back up... :thumbup:

 

[spyderCodes]

:roflblack::roflblack:just the opposite!

Aren't you glad your 401k isn't with spyderCodes Investments, LLC.

 

[spyderCodes]

I still maintain that fleeing capital from a a chaotic EU will seek the safe haven of the US.
It just didn't happen as quickly as I thought.

 

[PrairieSpyder]

I still maintain that fleeing capital from a a chaotic EU will seek the safe haven of the US.
It just didn't happen as quickly as I thought.

I think it did seek safe haven in the US, but in US dollars. I think the going to cash is an interim until the dust settles and then it'll go back into some equities market - IMO the US.

 

[Peter Aawen]

Far be it from me to meddle in UK's affairs, but if I was voting there, I'd have been for leaving. I wouldn't have liked the centralized unelected folks dictating local laws......

But the European Parliament IS elected by the citizens of the EU; & the members of the various 'governing bodies' of the EU are also elected (by the citizens of the various member states electing their leaders) - all the EU 'leaders' are either elected by the collective EU citizens voting or by citizens of the various member states voting to elect their leaders - & one of the basic qualifying requirements for membership of the EU is that a country must have a working & elected democratic government so that it can legally join & partake as a member of the elected democratic organisation that forms what we know as the EU......

So basically, the EU 'government' itself is a democracy of elected members formed by the union of a number of democracies with duly elected governments!?!

So where in that would 'centralised unelected folks' ever get to 'dictate local laws'?? That certainly doesn't happen in the EU....

 

[PrairieSpyder]

But the European Parliament IS elected by the citizens of the EU; & the members of the various 'governing bodies' of the EU are also elected (by the citizens of the various member states electing their leaders) - all the EU 'leaders' are either elected by the collective EU citizens voting or by citizens of the various member states voting to elect their leaders - & one of the basic qualifying requirements for membership of the EU is that a country must have a working & elected democratic government so that it can legally join & partake as a member of the elected democratic organisation that forms what we know as the EU......

So basically, the EU 'government' itself is a democracy of elected members formed by the union of a number of democracies with duly elected governments!?!

So where in that would 'centralised unelected folks' ever get to 'dictate local laws'?? That certainly doesn't happen in the EU....

From what I've heard, in addition to the elected EU reps, there is a huge EU bureaucracy that promulgates rules and regulations without the elected members having anything to do with it.

 

[Peter Aawen]

From what I've heard, in addition to the elected EU reps, there is a huge EU bureaucracy that promulgates rules and regulations without the elected members having anything to do with it.

Yeah, they do have a 'huge bureaucracy' in exactly the same way the Federal & individual State Goverments in the USA have huge bureaucracies..... In fact, the EU bureaucracy has LESS impact on the rules & regulations of the Union's individual member 'States' (read 'Countries' if you like) than your versions because the most important of the rules that they must operate under prohibits 'dictating' to any of the member States on their internal governance. The 'democratic government' of the USA (& most other democracies too) could learn a lot about 'fair & open government for the citizens by the citizens' from the EU model; after all, it was set up by the negotiated agreement of the founding individual countries with the aim of improving their citizens opportunities for travel, trade, employment, & well-being without losing any of their individual or collective rights, both personal & national; & they used the USA model as one of the many models they sought to improve upon, with every member nation needing a majority vote agreeing that the result actually WAS an improvement, and every country that's joined since had to have a similar majority vote before even qualifying for proposed membership. :shocked:

Still, I don't think this vote is going to change anything substantial in the UK or anywhere else overnight (but my crystal ball is a bit off at times ) It isn't a short term process to get IN to the EU, nor is it an easy or short process to get OUT once a country is in; so while we might see the beginnings of changes in the next couple of years, I doubt we'll see anything major & I suspect that the next few years might even see this plebiscite/decision re-visited by the UK at least once before they reach the point of no return. We Certainly are living in interesting times aren't we?! This 'decision' might possibly even become the decision recognised by History as the beginning of the break-up of the 'United Kingdom'. I guess I won't be the only one watching with interest.

 

[PrairieSpyder]

You're not wrong about the US bureaucracy. I'll defer to your knowledge about the EU. I've also been hearing that Scotland and N. Ireland may want to leave the UK and stay in the EU. Also that other countries may also leave the EU now.

So true about interesting times.

 

[Bob Denman]

Do you remember that old Chinese curse:

"May you live in interesting times." :shocked:

We might have got hit with that stick TWICE! nojoke

 

[ARtraveler]

Bottom line. After yesterdays rollercoaster ride, I am down over 2K. :sour:

 

[spyderCodes]

Bottom line. After yesterdays rollercoaster ride, I am down over 2K. :sour:

hang in there.
take a deep breath & hope that chaos does not spill over to this side of the pond later this year.

US is a safe haven.

 

[ARtraveler]

hang in there.
take a deep breath & hope that chaos does not spill over to this side of the pond later this year.

US is a safe haven.

Have to hang in--no where else to go for me. :roflblack:

You mentioned spyderCodes Investments. How about combining spyderCodes Investments and Dwayne Funds? We could be the beginning of a nice mutual fund investment package for those that want to bail from the Wall Street Casino. :bbq::bbq:

 

[spyderCodes]

Have to hang in--no where else to go for me. :roflblack:

You mentioned spyderCodes Investments. How about combining spyderCodes Investments and Dwayne Funds? We could be the beginning of a nice mutual fund investment package for those that want to bail from the Wall Street Casino. :bbq::bbq:

Ponzi Funds, Inc.
(NASDAQ PNZI)

 

[pitzerwm]

From what I've heard, in addition to the elected EU reps, there is a huge EU bureaucracy that promulgates rules and regulations without the elected members having anything to do with it.

Just like here. Unelected overpaid bureaucrats justifying their jobs with regulations that usually screw everyone eventually.

There is nothing safe about the USD, it just happens to be at the moment the least of the worse. We are up to our necks in debt too.