by Max Barry

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Region: Osiris

Ananeticca wrote:So because markets panicked at uncertainty the Brexit decision is wrong? It is just short term instability like we see after major events that create short-term doubt in the market. Fact is Johnson & Johnson will still sell soap to the UK, Apple will still sell computers, Microsoft will still sell software, etc -- a few weeks/months from now the markets will return (especially with people like me taking a buying advantage of panicked sellers). The true Brexit is still 2 years away, and there is no sound logic for being nervous with investments right now.

Could you bear in mind that Apple and Microsoft are American companies? British companies such as Debenhams and M&S suffered due to the stock markets crashing yesterday. The stock markets 'panicking' and the value of the pound plummeting is only one of the many things that happened as a result of the Brexit. In two years, anything could happen. Markets aren't the only reason why the Brexit was wrong, the tourism industry will be less valuable in the British economy, because holidays here will be more expensive. There is logic to be nervous about investments, because billions of pounds were lost due to investors withdrawing their... well... investments. If all of this could happen in a day, imagine what could happen in two years.

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