She was says that for herself ... not really.Anyway its not matter- thats what matter just right after when she see how many people come here she says that all Europe should take responsibility for HER words and decision.
All politicans - from Warsaw to Lisbon and from Athens to London are living in different world then ,,normal'' people - they make a decision but normal people pay for this.As ussual ...
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just watch it. Nice words obviously an intelligent guy but as usual completely empty speech, just general banalities (nothing against him I find that in most politician's speeches).
The brexit is not as concerning than the financial crisis of 2008 despite some alarming words on Reuteurs or Bloomberg this morning.
Very nice trading opportunities for us but the predictable recession in UK won't IMO affect the global markets once the volatility settle in a couple of days or weeks.
The most concerning effects will come in a delay of 1 or 2 years depending on how the UK exit has been negotiated. Obviously UK wants to benefit for the EU in terms of trade agreements and bank passport but not to pay for that. We will see 2 camps in the EU those who are pragmatic in the short terms and who wants to do "business as usual" and those who want to prevent a contagion because if you can leave but keep only the benefits why staying?
It is way too soon to have any idea about which camp will win.
My main concern is what will be the future of the EU central bank and what will happen with the billions of paper she has collected during the previous QE campaign? We speak of about 1.1 trillion $ (growing at a rate of 60B per month) here that will need to find a place in the market if EU explode... scary.
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Last edited by Okina; June 24th, 2016 at 10:37 AM.
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I think you're right, seeing as how the market had already priced in a high probability of the UK staying in.
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My take on the Soros of this world is, you need a different mindset with that kind of capital. If you're a trader that is dealing in units or even tens of contracts then your skillset needs to be predominantly about trading volume, DOM, charts and the like, with an eye to the fundamentals of course.
But if you have millions or even billions then obviously your skillset needs to be 90% fundamental analysis I think, you're not going to be bothered by intraday market swings.
Just my opinion.
If I flip a coin 1,000,000 times, what are the odds of me wasting my time?