So dos everyone sell off because of Brexit?

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

  1. newcastlefan

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    6,959
    Joined:
    Dec 31, 2011
    Messages:
    63,484
    Likes Received:
    22,192
    Because the Dow closed up another 280 today.

    Some of us doubled down.
     
  2. DrivenByDemons

    DrivenByDemons Spinoff Jesus Staff Member

    Reputations:
    1,410
    Joined:
    Sep 16, 2010
    Messages:
    70,871
    Likes Received:
    43,167
    I guess not everyone
     
  3. jdwhatever

    jdwhatever Fesh Gold

    Reputations:
    12,072
    Joined:
    Jan 8, 2012
    Messages:
    155,815
    Likes Received:
    12,725
    Long haul
     
  4. Capn Crud

    Capn Crud Needs a beer VIP Gold

    Reputations:
    2,832
    Joined:
    Dec 13, 2011
    Messages:
    65,587
    Likes Received:
    9,749
    I'm on record saying it was a buying opportunity.
     
  5. Gomez

    Gomez Well-Known Member

    Reputations:
    1,164
    Joined:
    Dec 13, 2011
    Messages:
    21,528
    Likes Received:
    6,321
    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 I don't rite so good. Gold

    Reputations:
    9,947
    Joined:
    Aug 26, 2015
    Messages:
    8,089
    Likes Received:
    18,026
    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:
    6,959
    Joined:
    Dec 31, 2011
    Messages:
    63,484
    Likes Received:
    22,192
    BUY!
     
  8. goldtopper

    goldtopper Well Known Heterosexual Gold

    Reputations:
    45,376
    Joined:
    May 31, 2013
    Messages:
    20,076
    Likes Received:
    54,054
    Buy when it's on sale I say.
     
    Capn Crud likes this.
  9. banksy

    banksy FAT FADED FUCK FACE VIP

    Reputations:
    1,078
    Joined:
    Dec 14, 2011
    Messages:
    74,365
    Likes Received:
    8,699
    What about dos?
     
  10. Stew Nod

    Stew Nod Well-Known Member Banned User

    Reputations:
    0
    Joined:
    Feb 9, 2012
    Messages:
    56,806
    Likes Received:
    42,854
    I love the gloating

    Pigs get slaughtered
     
  11. Santori

    Santori Piece of Shit

    Reputations:
    3,416
    Joined:
    Jun 29, 2016
    Messages:
    1,762
    Likes Received:
    2,252
    buying
     
  12. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up!

    Reputations:
    34,554
    Joined:
    Aug 25, 2013
    Messages:
    32,927
    Likes Received:
    63,393
    Why is Brexit messing with the stock market?

    'Splain me plz.

    TIA
     
  13. Capn Crud

    Capn Crud Needs a beer VIP Gold

    Reputations:
    2,832
    Joined:
    Dec 13, 2011
    Messages:
    65,587
    Likes Received:
    9,749
    It didn't

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

    newcastlefan גֵּרְשֹׁם VIP

    Reputations:
    6,959
    Joined:
    Dec 31, 2011
    Messages:
    63,484
    Likes Received:
    22,192
    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!

    Reputations:
    34,554
    Joined:
    Aug 25, 2013
    Messages:
    32,927
    Likes Received:
    63,393
    Ahhh, this is what I thought was happening.

    The Lemming Effect.

    Thanks, new!!!
     
  16. DiamondGoddess

    DiamondGoddess Born Ready for My Close-Up!

    Reputations:
    34,554
    Joined:
    Aug 25, 2013
    Messages:
    32,927
    Likes Received:
    63,393
    Thanks, Capn!!!
     
  17. zhukov

    zhukov Time traveler VIP

    Reputations:
    4,798
    Joined:
    Feb 6, 2011
    Messages:
    31,622
    Likes Received:
    12,119
    Only the stupid ones.
     
  18. Capn Crud

    Capn Crud Needs a beer VIP Gold

    Reputations:
    2,832
    Joined:
    Dec 13, 2011
    Messages:
    65,587
    Likes Received:
    9,749
    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 Needs a beer VIP Gold

    Reputations:
    2,832
    Joined:
    Dec 13, 2011
    Messages:
    65,587
    Likes Received:
    9,749
    :hat:
     
    DiamondGoddess likes this.