It's not a joke when I said I wouldn't want to hold over the weekend. I'm deadly serious and I feel many will see it the same way. You leave your money on the table over a weekend in these conditions and you could be paying for that for a long time to come.
Very unpredictable times and anything could happen and when big moves happen it's always the weekend.
Why gamble when we know it's certainly not going any higher for a long time?
Things will only get better. Now that the initial shock of Brexit has worn thin, people will start to look for opportunities and the best deal for UK rather than running around, throwing their hands in the air and yelling 'The end is nigh' (you will probably find that these same people are big on conspiracy theories). I heard today that the England team was told to lose against Iceland because there were worries of a win adding fuel to the xenophobic 'fans' in France and the other racists back home!!! Well I wouldn't want to in this share over the weekend because there are rumours that alien forces are going to close all banks and turn them into ice cream parlours.
But what you do in those circumstances is difficult to know. You could see Sterling rally hard and destroy this rally in stocks but conversely the banking sector which nobody owns anymore would go ballistic.
Love to see something like this happen just to see the chaos that would result
well i am not so sure actually. Europe has always made concessions before - Norwegian model of membership of EEA is a huge concession, and its clear they would like us to stay. Its just about recognition of our specific issues on immigration.
It would be really very interesting to see what happens if they did make a freedom of movement concession along lines of US NAFTA agreement. That would really throw a cat amongst the pigeons and lead to real political drama about how one should interpret the referendum result. Would we still push ahead regardless and leave with all the economic uncertainty that would bring or would be accept a concession ?
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