So dos everyone sell off because of Brexit?

Discussion in 'The Bar' started by newcastlefan, Jun 29, 2016.

  1. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    154,248
    Joined:
    Dec 31, 2011
    Messages:
    60,072
    Likes Received:
    19,231
    Because the Dow closed up another 280 today.

    Some of us doubled down.
     
  2. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

    Reputations:
    263,953
    Joined:
    Sep 16, 2010
    Messages:
    70,635
    Likes Received:
    42,817
    I guess not everyone
     
  3. jdwhatever

    jdwhatever Fesh Gold

    Reputations:
    92,397
    Joined:
    Jan 8, 2012
    Messages:
    152,225
    Likes Received:
    11,705
    Long haul
     
  4. Capn Crud

    Capn Crud The Pride of Cucamonga VIP Gold

    Reputations:
    94,597
    Joined:
    Dec 13, 2011
    Messages:
    64,390
    Likes Received:
    8,856
    I'm on record saying it was a buying opportunity.
     
  5. Gomez

    Gomez Well-Known Member

    Reputations:
    35,628
    Joined:
    Dec 13, 2011
    Messages:
    21,127
    Likes Received:
    5,896
    Have you heard of Sexit? It's where I pull my dick out of my lady friend after blasting a load all up in her.
     
    newcastlefan likes this.
  6. Tickle Shits

    Tickle Shits very angry indeed Gold

    Reputations:
    84,439
    Joined:
    Aug 26, 2015
    Messages:
    6,834
    Likes Received:
    15,356
    I sold off one profitable stock crashed 15% bought back and made 20% on top :owned:

    Bought 50 shares of Apple at 91 and change..
     
  7. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    154,248
    Joined:
    Dec 31, 2011
    Messages:
    60,072
    Likes Received:
    19,231
    BUY!
     
  8. goldtopper

    goldtopper Well Known Heterosexual Gold

    Reputations:
    340,736
    Joined:
    May 31, 2013
    Messages:
    18,647
    Likes Received:
    48,205
    Buy when it's on sale I say.
     
    Capn Crud likes this.
  9. banksy

    banksy Hey. You ugly. You yo daddy's son. VIP

    Reputations:
    69,677
    Joined:
    Dec 14, 2011
    Messages:
    73,484
    Likes Received:
    8,369
    What about dos?
     
  10. Stew Nod

    Stew Nod Hello VIP

    Reputations:
    322,058
    Joined:
    Feb 9, 2012
    Messages:
    56,521
    Likes Received:
    42,474
    I love the gloating

    Pigs get slaughtered
     
  11. Santori

    Santori Piece of Shit Gold

    Reputations:
    17,750
    Joined:
    Jun 29, 2016
    Messages:
    1,514
    Likes Received:
    1,932
    buying
     
  12. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! DawgShed News Gold

    Reputations:
    390,383
    Joined:
    Aug 25, 2013
    Messages:
    27,580
    Likes Received:
    51,271
    Why is Brexit messing with the stock market?

    'Splain me plz.

    TIA
     
  13. Capn Crud

    Capn Crud The Pride of Cucamonga VIP Gold

    Reputations:
    94,597
    Joined:
    Dec 13, 2011
    Messages:
    64,390
    Likes Received:
    8,856
    It didn't

    THAT"S THE WHOLE FUCKING THING ABOUT IT!!
     
    DiamondGoddess likes this.
  14. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    154,248
    Joined:
    Dec 31, 2011
    Messages:
    60,072
    Likes Received:
    19,231
    Everything messes with the market: investors get nervous because they hate uncertainty. They try to limit their anticipated losses. The trading programs notice this activity, interpret it as significant and start trading big blocks of equities in fractions of seconds to hedge their losses and the Dow drops 500 points. The next day or so the same programs record that the movements anticipated did not materialize and that key instruments are priced low and they start buying, and the Dow increases 500 points.

    This is known as "Weeeeeeee!
     
    DiamondGoddess likes this.
  15. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! DawgShed News Gold

    Reputations:
    390,383
    Joined:
    Aug 25, 2013
    Messages:
    27,580
    Likes Received:
    51,271
    Ahhh, this is what I thought was happening.

    The Lemming Effect.

    Thanks, new!!!
     
  16. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up! DawgShed News Gold

    Reputations:
    390,383
    Joined:
    Aug 25, 2013
    Messages:
    27,580
    Likes Received:
    51,271
    Thanks, Capn!!!
     
  17. zhukov

    zhukov Time traveler VIP

    Reputations:
    94,596
    Joined:
    Feb 6, 2011
    Messages:
    30,717
    Likes Received:
    10,521
    Only the stupid ones.
     
  18. Capn Crud

    Capn Crud The Pride of Cucamonga VIP Gold

    Reputations:
    94,597
    Joined:
    Dec 13, 2011
    Messages:
    64,390
    Likes Received:
    8,856
    I'm so pissed. When Shire bought Baxalta, I had that money in cash leftover from my Baxalta shares and hadn't done anything with since the sale it until about last Tuesday. If I would have waited a few more days :pissed:
     
    DiamondGoddess likes this.
  19. Capn Crud

    Capn Crud The Pride of Cucamonga VIP Gold

    Reputations:
    94,597
    Joined:
    Dec 13, 2011
    Messages:
    64,390
    Likes Received:
    8,856
    :hat:
     
    DiamondGoddess likes this.