@Agincourt, not pointless. Not every circumstance turns out as badly as Germany in the '30s, but this is a case of be careful what you wish for. A disunited Europe has always been a Europe of nation-states that inevitably go to war with each other. And I am leery when people say “this time is different”.
Perhaps Scotland can assume what was the UK within the EU when it divorces the UK.
Nah. This time is different because Germany has McDonalds
http://www.the-american-interest.com/2014/08/26/the-mcdonalds-peace-theory-lives-on/
There’s a story on the Guardian’s live-feed about an exit poll conducted by a businessman, Lord Ashcroft, that breaks down the voting by age, employment status, and education level. According to this one poll:
If interested, the story appears at 14:24 here: http://www.theguardian.com/politics/live/2016/jun/24/eu-referendum-brexit-live-europe-leave-remain-britain
I have been begging my husband for months to make changes to his pension fund. No money has been added to it since he was fired four years ago. He is 62 and still has almost all of it in stocks.Today he is probably losing about a fourth of the balance… With no more employer contributions to replenish it.
20 min after the open, the DJIA is only down 2% and trending towards improvement.
“Do those parts of the map that voted for ‘Leave’ expect a miraculous recovery of their economic prospects and to return to the ‘good old days’ just by this vote? If nothing changes, who are they going to blame?”
Yes they do because they didn’t believe what they were told would happen.
Boris Johnson as PM?!? That’s another disaster waiting to happen.
OT- did no one go to sleep last night?
For sure. Why should we listen to people who know stuff when we can listen to our own worst impulses instead?
This intentional – even proud – ignorance is dismaying and frightening.
I’m shocked – more by the possible breakup of the United Kingdom than by the vote itself.
LLY is in the green. So much for my load up with cheap pharma today strategy!
yah, I was too late to bargain shopping and missed my opportunity.
Someone mentioned pensioners wanting to leave. What about the pensioners living in Spain and Portugal? Will they have to pay for health care there now? If so, will they move back and add significantly to the health care costs in the UK?
I have a British friend whose parents now live in southern France. She never wants to go back to the UK now. She considers that Cameron has ruined her country. I’m not sure how she will manage citizenship and residency status.
I’m a glass half full of wine kind of person so at least we possibly won’t be the only country in the world that looks like a bunch of eejits in November!
"“I fail to see how Brexit would hurts US economy? People don’t want United Kingdom Pound, for sure they want US Dollar!”
Have you taken a basic economics class? We are all interconnected. This has huge implications when a global superpower makes a move like this."
Of course we are interconnected, but that also makes it easier to move money across borders. When times are uncertain, there is always a flight to quality. I would expect many to see the USA as that “quality” right now in a global context. That is partly why we are seeing a more subdued hit to US stock markets this morning. If you were a corp or ultra wealthy individual with cash on hand, where would you want to park your $$ right now? We’ve been seeing it even before talk of a Brexit with overseas investing in American real estate/financial markets. I would imagine this would only increase that transfer of funds into US investments of different kinds.
“The EU needn’t worry. It was planning to add Turkey anyway. All will be well…”
Yeah, so much better to add a country with a corrupt Islamist leader, who is threatening to launch a refuge flood. They were so helpful in controlling their border, stopping people who wanted to join ISIS from going into Syria 
There may be A LOT of people exiting the EU if Turkey is allowed to join.
You do realize I was being sarcastic about Turkey.
“It’s a big deal to Joe and Jane Main Street who don’t have the ability to ride out swings in their portfolio the way you do, dstark. They needed that money now; they can’t ride it out and sit tight.”
If they need that money right now, they are foolish to have it in the market. Sure, it looks ugly today, and maybe next week, but you don’t know how long these things will last. If it wasn’t this, it would have been something else sooner or later, scaring the market. This may encourage people to get out of international investing and into the US market anyways.
I understand the Brits reaction. The 52% who voted to leave feel like they’ve been screwed by the elites: government, the investor class, bureaucrats, the so called experts. They see their situation sinking and no one caring or doing anything. Their is no concern for them.
@GMTplus7, as comforting as the McDonald’s Theory of war may be, sadly, it’s half-baked and doesn’t stand up under scrutiny.
Russia invaded Georgia even though they both had and have McDonald’s.
Russia annexed Crimea even though Ukraine has McDonald’s.
The US invaded Panama even though both had and have McDonald’s.
@ 23,
Wait until the financials bottom and then buy in. Put some money in Gold also. Of the $$ you invest, 80% financials to play the rebound, and 20% gold.
Also, everyone needs to read post #20. That was a very intelligent post. Good work.