Just fyi

[Cassius Clay]

My favorite take in all this is the irony in a country that colonized the world voting to destroy itself out of a paranoid victim fantasy about being colonized.

[OpiateOfTheMasses]

I just posted this on one of the RFS threads about Brexit which was dealing more about the economy, but it's relevant to this because it's about how the Tories are likely to be able to screw over more of England and Wales now... (sorry aels)

Playing Devil's Advocate for a bit, the nation's economy may not be too badly hurt in the mid-term once the initial shock wears off. The ironic part is that the Leave campaign won because many pensioners and working class people voted for it thinking it would increase their lot in life and they will be the one's losing out - especially in the mid to longer term.

Think about it...

Scotland will leave. So the House of Commons will reduce from 650 seats to about 590 seats and there's generally only one Scottish Tory MP. Leaving the EU has also made the likes of Boris Johnson much more popular "South of Border". So the result of leaving the EU has made it much more likely we're going to see more Tory governments, with larger majorities going forward.

(This is further helped by Labour's current p!ss poor performance at... well pretty much everything except the London Mayoral election)

And what do Tory government's care about? Is it Big Business, Low Taxes and trying to Balance the Books? Or is it about the NHS, looking after the poor and vulnerable in our society and investing in Society even if that means raising taxes, borrowing money or hurting business?

So... There's a reasonable chance the nation's economy will come back reasonably quickly because they'll engineer that no matter the cost. But that cost may well be "people"...

[Derived Absurdity]

My favorite take in all this is the irony in a country that colonized the world voting to destroy itself out of a paranoid victim fantasy about being colonized.

That's definitely been mine.

[Dr_Liszt]

I just find it funny that everything is the fault of political correctness.

Trump is winning because of political correctness.
Brexit won because political correctness.
The economy is in peril because of political correctness.
ISIS rose because of political correctness.
Sam Harris is a twat because of political correctness.
Right wing uprisal is because of political correctness.
I am sleepy because of political correctness.

[Blade Azaezel]

Brexit won because it is becoming increasingly clear that people actually had no idea what the fuck they were voting for, or thought Remain would win and so voted Leave as a throwaway vote. They don't understand the intricacies of the EU (I don't either), nor do they understand the impact this will have on the country now we've left. We were all warned by experts that we'd be in the shit, yet Michael Gove of the Leave campaign is quoted as saying, "I think the British public are tired of being told what to do by so-called experts". He's right. 17 million just went and fucked 16 million people in the ass and now they're on facebook saying "stop being sore losers", "it's done now, lets work together and get on with it", and my favourite "you're thinking about this too deeply". Fuck. Off.

[Anakin McFly]

@Gendo - I work at a financial advisory firm, and the advice is to hold on to that stock, because other indicators are still holding steady and suggest that this is a temporary sell-off triggered by unsubstantiated panic. What's your percentage loss so far?

Our latest investment update regarding Brexit is here, if you're interested: http://www.gyc.com.sg/newsletter/gCompa ... -24/IU.htm

All our updates: http://www.gyc.com.sg/premier/market-updates.htm

[Gendo]

@Gendo - I work at a financial advisory firm, and the advice is to hold on to that stock, because other indicators are still holding steady and suggest that this is a temporary sell-off triggered by unsubstantiated panic. What's your percentage loss so far?

Thanks, but I definitely was to going to sell; this is very long term stuff that I've had for a long time. Percentage wise it want too bad.

[Anakin McFly]

A lot of people are selling right now for the same reason, which means the stock is going to fall further, which would result in more people buying in when it's cheap, and then it'll go back up. But I'm not sure how long that would take, so it also depends on how much longer you plan to keep it. Do you have any financial advisor to talk to?

EDIT: From CNBC:

James Paulsen, chief investment strategist at Wells Capital, said once some of the uncertainties are resolved, the sell off could be short lived and stocks could end higher on the year.

"It is interesting where we closed in the United States market (Friday). We basically had a stock market that was a little over 1 percent lower than it was a week ago Friday," said Paulsen. "We had a bond yield that was unchanged and a dollar that was up maybe a percent. My point is a lot of this is emotional consequences and this collapse had more to do with how much it went up in the four days prior."

Paulsen said the selloff could still be rough, but in several weeks from now, markets will likely be a lot more stable.

http://www.cnbc.com/2016/06/26/how-brex ... -week.html

[Cassius Clay]

My favorite take in all this is the irony in a country that colonized the world voting to destroy itself out of a paranoid victim fantasy about being colonized.

That's definitely been mine.

Speaking of paranoid victim fantasies:

http://verysmartbrothas.com/abigail-fis ... men-loses/

[CashRules]

#Beckywiththebadgrades

[Gendo]

A lot of people are selling right now for the same reason, which means the stock is going to fall further, which would result in more people buying in when it's cheap, and then it'll go back up. But I'm not sure how long that would take, so it also depends on how much longer you plan to keep it. Do you have any financial advisor to talk to?

EDIT: From CNBC:

James Paulsen, chief investment strategist at Wells Capital, said once some of the uncertainties are resolved, the sell off could be short lived and stocks could end higher on the year.

"It is interesting where we closed in the United States market (Friday). We basically had a stock market that was a little over 1 percent lower than it was a week ago Friday," said Paulsen. "We had a bond yield that was unchanged and a dollar that was up maybe a percent. My point is a lot of this is emotional consequences and this collapse had more to do with how much it went up in the four days prior."

Paulsen said the selloff could still be rough, but in several weeks from now, markets will likely be a lot more stable.

http://www.cnbc.com/2016/06/26/how-brex ... -week.html

Arg, typo, that was suppose to be "definitely was NOT going to sell"!

[Anakin McFly]

haha ok. :D

[Derived Absurdity]

I guess I take back what I said about young people not voting.

http://www.theguardian.com/politics/201 ... ce-as-high