Quote:
Originally Posted by speeder
Seriously considering buying some British Sterling today, it's in the toilet.
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Me too! I'm actively buying the markets at the lows as well.
As others have said, the UK was never all-in anyway. The "uncertainty" is what is shaking the markets, not any specific threat. There are some significant US investment into UK companies as a free regulatory pass into E.U. opportunities, but I think time will prove it's not domesday.
CNBC and the big brokerage houses are sensationalizing this like CNN did the H1N1 and ebola. The news networks preach economic domesday so you'll watch their shows and they can sell ads based on panic viewer increases. The brokerage houses do it so you'll make lots of panic trades (per trade $$$s) and so they can buy up stocks cheap on the lows.
This will blow over quickly.
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Craig T
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