It's not the brexiteers you need to watch. It's the investment market and the gold price. Or just the gold price really.
Our market dropped a cool 60bn off the ASX between the result and our close of market today.
The prediction is that Monday is likely to be a bloodbath with harsh consequences for the superannuation industry when the markets re-open.
We will see a re-balance across currencies as the markets adjust - and possibly an immediate boost in tourism to the UK. Holding any UK airline shares? No? Me neither sadly.
Back to the point. the markets will re-adjust themselves.
There's a scare in progress but I'd expect it will all go back to pretty much where it was yesterday in a little while as long as no-one really important says anything really stupid when everyone realises that the consequences are actually 1 to 2 years away.
But in the mean time there will be purchasing opportunities.![]()
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