Nice lil recovery on way to finish the day perhaps (touch wood)
The decision swings on the "DON'T KNOWS", the YES campaign have played their hand well but I'll think they'll come up short. At the end of the day it's the uncertainty around what will happen if they do get independence, EU membership could be 5 years away according to article 49 despite what Mr Salmond claims. Sounds like the Scots will use sterling regardless as they have no other choice but they will not be setting their own budget, the UK will be so no change there. Lots of unknown quantities that no one has the answer for. I hope the Scots don't bank on oil revenue, the advent of driverless electric cars isn't that far fetched anymore. If I had a few solar panels on the roof I could charge and drive the car for nothing so who needs petrol? I think a lot of the Scots would vote for independence even if they knew they'd go bankrupt just to get away from the English but we're not all bad! I remember the UK had to bail out the Irish a few years ago, so we do look after our neighbours when we have to.
I think the 'no's' will win comfortably....yes vote to be between 40-45% is still 11/4 with Ladbrokes....get in there! I've had numerous bets at 3/1 and above and also a little dabble at 40% and under yes votes at 10/1.....there is too many undecided voters and even some of the yes's could change their mind at the last minute......there are too many uncertainties and better the devil you know! Bear in mind this advice is coming from someone who bought back into MMX before the close yesterday and it has promptly dropped 10% today!
The impact of a YES vote may already be factored into share prices so a NO vote could potentially lift prices again. It's a difficult call to make if the union is split, 307 years worth of history is going to take some unravelling. You also need to focus on the Alibaba IPO this week, it will be the biggest in history and will be worth more than Amazon. Dollars to donuts investors has sold part of their holdings to get into this make a quick buck and get out again.
Apologies if that sounded a tad gloomy, am optimistic long term, just looking at current trend and hopefully something to lift us back up soon. Atb Au
Ergo... if yes vote, further decline or level out?
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