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Re: Whalatane post# 83647

Saturday, 06/25/2016 1:26:56 PM

Saturday, June 25, 2016 1:26:56 PM

Post# of 426525
Kiwi,

we agree on most points. Brexit detracts from global GDP (a little) and comes at a time when confidence is already low. Safe haven currencies will naturally rise which of course includes USD.
So the news is not good. But as investors, we all need to determine if the serious drop in price satisfactorily rewards you for the negative news. UK bank Barclays dropped 20% in one day.
I'd probably rather own HSBC long term but might trade BCS.

In Feb the US market was convinced we were heading into recession. A few months later we had a V shaped recovery. So pick your poison. A great company at a low price is usually a good recipe for success. Stocks like Novartis seem obvious to me.

If we get a very bad opening on Monday I will be a buyer of something.
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