So 4 Business Days Later, We Are Back Where We Were, Who'd Have Though It?

[ToraToraTora]

http://www.bbc.co.uk/news/business-36660133
The pound is on its way back up. Last Friday the SGB were all in a tizzy and we where heading for financial penury. Project fear still goes on but does this not demonstrate the total hysterics of the remainiacs?

[Old_Geezer]

The 250 is still back at about February levels though, and the £ will take quite a while yet to recover. But I see no further panicking, and didn't expect any.

[DTCwordfan]

short term and the pound is still way off the mark. Inflation inducing if it persists, good for exporters.....

[Hypognosis]

Markets tend to be self correcting. Anyone who missed the boat with regard to an upwardly mobile stock is now exploiting the opportunity to get on board at a price suddenly brought back within their reach. Simple supply and demand. The demand will tail off when the price approaches a point where investors can't see much growth potential.

The annoying part is that the ones who triggered the avalanche in the value of the pound, for example, get to buy back, for cheap, and make a fresh set of gains, out of other's misfortune.

Some rate this as "work" but I see it as a zero-sum game. No money is made or destroyed, merely moved from one owner to another.

Space is not merely curved. It is, in fact, totally bent.

[ToraToraTora]

with the bookies (banks) taking their cut of course hypo!

[DTCwordfan]

irrelevant and stoopid ^

[ToraToraTora]

don't put yourself down DTC.

[Old_Geezer]

Oh investors don't really add a lot to the benefit of society because they are able to take out and put money in on a whim with minimal cost, rather than pick something worth supporting in the long term and committing to it. Their out to attract existing wealth to themselves without any conscience over the businesses involved. But unfortunately that is the way it is. The need to fund business and the economy has created global system for gambling. Free movement of finance makes that even easier for them.

[Old_Geezer]

They're
>:-(

[DTCwordfan]

I have no intention of doing so TTT, my bets are a wee bit more imaginative and risk spread.

[Peter Pedant]

// we are back where we where
and then Einstein breathlessly adds - the pound is on its way up

so ... we arent where we were - we are somewhere else on the downside with our heads in the clouds

How far are your employer's shares down, 3T ? and are they recruiting ?

3T ( I imagine, ) answers " Oh they rose- against all expectations ! to only twenty five percent down !" and " yeah they're recruiting all right ! lots ! in Frankfurt "

[Zacs-Master]

I see the EUphoria of the Brexiters is still greatly delusional. I really like PP's 'on the downside with our head in the clouds'.

[Old_Geezer]

You see nothing more than a few seeing improving figures and getting overly optimistic. But I guess it's a good opportunity for another dig.

[Zacs-Master]

With every utterance the Brexiters sharpen my spade.

[Old_Geezer]

Beware that you don't dig yourself into a hole with it ;-)

[Peter Pedant]

// With every utterance the Brexiters sharpen my spade.//

er with every utterance the Brexiters make it obvious they had no idea how to construct the nirvana they promised the gullible masses that voted for it

we start off with
£350m a week for the NHS ?
Oh we really never promised that you know....

[EDDIE51]

The £ is recovering because it is now obvious that we will never submit A 50 to actually leave the EU.

[naomi24]

Peter Pedant, // £350m a week for the NHS ?
Oh we really never promised that you know....//

Quite right. We were never promised it, so why continue to regurgitate it?

Eddie, //The £ is recovering because it is now obvious that we will never submit A 50 to actually leave the EU.//

Hopefully you’ll now stop spinning and doom-mongering then.

[dannyk13]

EDDIE51
///The £ is recovering because it is now obvious that we will never submit A 50 to actually leave the EU///
Sorry to disagree but both Theresa May & Boris have pledged to abide by the referendum.

[Old_Geezer]

"so why continue to regurgitate it?"
Because the continual stating of a plausible lie to those who either do not check, or check having already decided what they will see, is much more convincing than the calm level headed stating of the truth. Say it often enough and the masses think it has to be true.

[Old_Geezer]

Plus, of course, having been convinced of it and told others, you then feel you need to support it come anything, in order not to feel awkward.