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Gross, Ivascyn See Flight To Havens In Historic Brexit Jolt
@Anna: Brexit is just a short term blip, and I recommend MFO's don't have a knee-jerk reaction and sell. One thing for sure, in my opinion, the Fed will be hard pressed to raise interest rate for the remainder of 2016. Long term the U.K. will do just fine. Regards, Ted Rule Britannia:
Last night when I went to bed, the British pound was getting murdered and S&P futures were down well over 5% and I was afraid of a real bloodbath this morning. But the S&P actually rallied strongly this morning- only down about 2% now.
I've got crazy lowball buy orders on stuff I want to own (or increase my holdings) for long-term positions but only one of them got hit so far. We'll see what the rest of the day and next week brings us, though.
Comments
Bond fund managers suggesting folks rotate into bonds. Imagine that!
Regards,
Ted
Rule Britannia:
I've got crazy lowball buy orders on stuff I want to own (or increase my holdings) for long-term positions but only one of them got hit so far. We'll see what the rest of the day and next week brings us, though.