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  1. #1
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    Quote Originally Posted by AMDave View Post
    wait a week or so for the financial markets to settle after the brexit vote.
    we might be able to afford more than we could yesterday
    That's giving the brexiteers too much credit


  2. #2
    AMDave's Avatar
    AMDave is offline Seeker of the exit clause Moderator
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    Quote Originally Posted by Dirk Broer View Post
    That's giving the brexiteers too much credit
    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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