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Dow is down -650, and so it begins. (Original Post) CK_John Jun 2016 OP
This message was self-deleted by its author rjsquirrel Jun 2016 #1
Who knows what his angle is? But if this can happen in June it can happen in November. BlueNoMatterWho Jun 2016 #5
Bingo. That' the only meaningful takeaway from this as far as US politics goes. HamiltonSwan Jun 2016 #32
Trump is essentially challenging the status quo. LonePirate Jun 2016 #11
Yeah... orwell Jun 2016 #35
I think that the UK will regret it. Beacool Jun 2016 #2
Japan is down as well. leftofcool Jun 2016 #3
Yes, all markets will be down until at least some time next week. Beacool Jun 2016 #8
Trump will try to use it... joshcryer Jun 2016 #4
He seems to promote nationalism. Which is what won the vote in the UK. BlueNoMatterWho Jun 2016 #7
It's also isolationism. joshcryer Jun 2016 #10
Won't matter to his supporters elljay Jun 2016 #31
Don't have to worry about his supporters. joshcryer Jun 2016 #37
Nailed it. forjusticethunders Jun 2016 #39
Considering that he is supported this, he doesn't have a leg to stand on KingFlorez Jun 2016 #6
Shit. I was thinking of moving money out of the stock market earlier today. jillan Jun 2016 #9
It'll bounce back. The actual leave is 2 years from now. joshcryer Jun 2016 #12
translation? flamingdem Jun 2016 #24
Sorry. UK will have two years to get things in order. joshcryer Jun 2016 #30
thanks! nt flamingdem Jun 2016 #33
That's the global elite realizing the jig is up brentspeak Jun 2016 #13
Yeah, we'll be better off trading among ourselves, Nationalism and America First and similar BS. Hoyt Jun 2016 #15
Oh, yeah, no one would ever want to trade with the US unless we're in the WTO brentspeak Jun 2016 #18
+1 CountAllVotes Jun 2016 #27
Oh great, another excuse for the Wall Street Banksters to steal some of our money tomorrow. B Calm Jun 2016 #14
I am curious why you seem to enjoy telling us Trump will benefit Dem2 Jun 2016 #16
IMO, Trump just went up to 60% probability to win in Nov. and it's not joyful. CK_John Jun 2016 #21
Do you have a link for this information from someone valid? leftofcool Jun 2016 #22
No, is just my opinion, IMO,IMO,IMO. CK_John Jun 2016 #25
Stocks go down, everyone panics. Stocks go up, everyone gets manic. Binkie The Clown Jun 2016 #17
Problem is... Kelvin Mace Jun 2016 #23
That is a problem. On the bright side, precious metals are going through the roof tonight. n/t Binkie The Clown Jun 2016 #26
True, Kelvin Mace Jun 2016 #38
doom bigtree Jun 2016 #19
And Trump's up to a 60 percent win probability. HamiltonSwan Jun 2016 #34
international banks and corporations will punish the UK for defying the new order nt msongs Jun 2016 #20
I thought it could be worse... The New World Order just suffered an epic earthquake. Purveyor Jun 2016 #28
MORE: Dutch Party for Freedom leader Geert Wilders demands EU referendum after Brexit BlueNoMatterWho Jun 2016 #29
I'm not sure if Trump can jump over this... SaschaHM Jun 2016 #36
The market is down 2% DemocratSinceBirth Jun 2016 #40

Response to CK_John (Original post)

 

HamiltonSwan

(38 posts)
32. Bingo. That' the only meaningful takeaway from this as far as US politics goes.
Fri Jun 24, 2016, 01:13 AM
Jun 2016

Unless Drumpf can somehow figure out a way to sell the American public that Hillary Clinton is responsible for Brexit it's a nothingburger politically for him, despite the breathless tone of the OP.

You'd be hard pressed to go out on any street in America and round up 10 people that A-Know what this means and B-would GAF about it if they did.

And frankly watching the UK's economy go belly up over the next couple of months doesn't seem like it's going to be much of a selling point for Drumpf either if he's going to try to make hay over it. It will be a bloodbath for the pound.

What that means is vigilance and hard work is needed. And lots of it. If the effort is there he will be beaten soundly. The end.



LonePirate

(13,417 posts)
11. Trump is essentially challenging the status quo.
Fri Jun 24, 2016, 12:06 AM
Jun 2016

Anyone with half a brain knew Brexit would deal a severe blow to the markets and the global economy which means a severe blow to the US markets and economy. When there are significant economic problems at home, the party out of power almost always defeats the party in power on Election Day. In this case, Trump represents the party out of power while Hillary represents the party in power.

Trump knew Brexit could only help him so he backed it. Now Brexit has won and he's waiting for the long term impact or benefit for him.

orwell

(7,771 posts)
35. Yeah...
Fri Jun 24, 2016, 01:19 AM
Jun 2016

...People will be so thrilled with a crashing currency and stock market that they will vote for it again!

Beacool

(30,247 posts)
2. I think that the UK will regret it.
Fri Jun 24, 2016, 12:00 AM
Jun 2016

The pound sterling is already plummeting against the dollar. Unfortunately, it will also affect the EU and us. We live in a global economy and we are all interdependent.

Beacool

(30,247 posts)
8. Yes, all markets will be down until at least some time next week.
Fri Jun 24, 2016, 12:04 AM
Jun 2016

It's too soon to gauge the long term consequences of the split, but the UK is one of our biggest trade partners and it will probably adversely affect us.

elljay

(1,178 posts)
31. Won't matter to his supporters
Fri Jun 24, 2016, 01:11 AM
Jun 2016

their intellectual analysis stops with words than have more than four letters. If Trump says it's good, it's good.

joshcryer

(62,269 posts)
37. Don't have to worry about his supporters.
Fri Jun 24, 2016, 01:29 AM
Jun 2016

Have to worry about people seeing Brexit as a good thing and something to aspire to for the US. Brexit is essentially Trumpism. Isolated, divided, nationalist, xenophobic wall building.

It won't be good for Britain and the American people aren't stupid enough to want it.

Trump's supporters will see whatever they want to see.

KingFlorez

(12,689 posts)
6. Considering that he is supported this, he doesn't have a leg to stand on
Fri Jun 24, 2016, 12:04 AM
Jun 2016

It's hard to see how he exploits something that he supports.

jillan

(39,451 posts)
9. Shit. I was thinking of moving money out of the stock market earlier today.
Fri Jun 24, 2016, 12:05 AM
Jun 2016

And life got in the way.

Dang.

joshcryer

(62,269 posts)
12. It'll bounce back. The actual leave is 2 years from now.
Fri Jun 24, 2016, 12:08 AM
Jun 2016

This will temper AMDs rise a bit though. The RX 480 is a winner.

Just some profit-taking.

joshcryer

(62,269 posts)
30. Sorry. UK will have two years to get things in order.
Fri Jun 24, 2016, 12:56 AM
Jun 2016

So the stock market impact will be minimal.

AMD is a graphics/computer chip maker who is bringing a new product on the market (RX 480). It's going sell really really well.

brentspeak

(18,290 posts)
13. That's the global elite realizing the jig is up
Fri Jun 24, 2016, 12:13 AM
Jun 2016

The beginning of the end of the 1%-driven rigged global economy. Which can only be a good thing.

Now it's time for the US to exit the middle-class destroying WTO.

 

Hoyt

(54,770 posts)
15. Yeah, we'll be better off trading among ourselves, Nationalism and America First and similar BS.
Fri Jun 24, 2016, 12:17 AM
Jun 2016

Dem2

(8,168 posts)
16. I am curious why you seem to enjoy telling us Trump will benefit
Fri Jun 24, 2016, 12:18 AM
Jun 2016

Some kind of angle on seeing Trump benefit or something because nobody really knows?

CK_John

(10,005 posts)
21. IMO, Trump just went up to 60% probability to win in Nov. and it's not joyful.
Fri Jun 24, 2016, 12:27 AM
Jun 2016

It's just what it is.

Binkie The Clown

(7,911 posts)
17. Stocks go down, everyone panics. Stocks go up, everyone gets manic.
Fri Jun 24, 2016, 12:18 AM
Jun 2016

In the long run, nothing changes at all.

Just another round of hair-on-fire the-end-is-near prophets of doom doing what they do.

One thing you can be sure of. The Wall Street insiders will make a fortune off the amateurs that will over sell everything out of shear, ignorant panic.

In the end, the only issue is "Do we support democracy, or don't we?" Which ever way it goes, the people will have spoken.

 

Kelvin Mace

(17,469 posts)
23. Problem is...
Fri Jun 24, 2016, 12:31 AM
Jun 2016

no matter who won, half the country is pissed off. You are right about stocks going up and down, but there is an exception: When stocks go down below a cerain point and derivatives of mass financial destruction begin to detonate, popping bubbles and exposing rotten investments. Then the whole economy can implode.

 

Kelvin Mace

(17,469 posts)
38. True,
Fri Jun 24, 2016, 09:42 AM
Jun 2016

but precious metals are almost always a bad long term investment. Volatile is their middle name.

SaschaHM

(2,897 posts)
36. I'm not sure if Trump can jump over this...
Fri Jun 24, 2016, 01:21 AM
Jun 2016

Something that he has publicly advocated for caused this. If anything, I wouldn't be surprised to see the Clinton campaign throw this in his face.

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