BORRIS IS NOT GOING FOR PM:relaxed:
tell us once more why Cameron wont resign you chump
You truly are a simpleton.
Michael Hesletine is seething with Boris Johnson
This is great craic. Volenteer Corbyn is on now telling everyone to respect Israel. He fucking hates them like all IRA men. They hate jews. He must be having a right laugh all the time. He was probably laughing in the booth to himself as he voted leave.
You get far better craic in British politics than you would in the likes of Ireland
We are where we are. Where have I heard that nugget before
Gove is one devious fucking snake.
you couldnât make it up
For those who think the 26 cant afford reunificationâŠ
2100 SPX
What a fucking week, the DOW down 900 and then back up 900, all in the space of 6 days. VIX spiked up 60% on Monday and is now below where it started. A lot of sheep getting sheared.
âBREXECUTEDâ
Thatâs very specious reasoning.
The FTSE is up 3% this quarter, but sterling is off 6% vs the EURO & USD so a non UK investor has lost 3%.
In addition the reason the FTSE 100 has rallied is it consists of large multinationals for whom their UK earnings are only a small %, so the fact that they report in GBP means their earnings will increase due to the FX.
A better indicator of the UK economy is the FTSE 250 which is mid cap companies in the UK who have a far larger exposure to the UK market. Thatâs off 4% so for a euro or dollar investor youâd be down 10%.
You want to see what the market really thinks of Brexit have a look at the companies with heavy exposure to the UK, Barclays down 8% (thatâs 14% for non GBP investors) in the quarter. Barratt Developments (UK property company) down 30%, Sainsburys down 15%.
They are offset by the likes of Glaxo up 12% because Glaxo couldnât give a fuck about the UK market and report in sterling.
A friend of mine in London was telling me this. Apparently the property companies are being battered - http://www.bpf.org.uk/reits-and-property-companies