Dead Cam Bounce?

[muninnhuginn]

So after tanking in the immediate aftermath (now that's a phrase--clichhggggggggggggggggggggggggggggggggggggggggggggggggggggggggxðððwesw222222222edssssssssssssssssssssssssfr--I've never knowingly typed before)++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Try again! Interruption courtesy of Mr Socks (who can get eths out of a keyboard) possibly ended.

So after tanking in the immediate aftermath (now that's a phrase--cliché?--I've never knowingly typed before) the FTSE closed higher at the end of the week than it did at the beginning (6,021.09 to 6,138.69 [OMG: the volume of trading on Friday: 7,755,260,354] source: markets.ft.com/research//Tearsheets/PriceHistoryPopup?symbol=FTSE:FSI). Can't see it lasting. A long, possibly slow, decline after that dead Cam bounce.

Comments

[vicarage.livejournal.com]

The market had factored in both their expectation of the chances of brexit and the uncertainty. The steep rise beforehand was because they'd calculated the former wrong, so the one-day fall can be ignored. Some of the uncertainly has gone with the result, but more remains. I reckon the market is 10% down on where it would be with a Remain decision, which is probably a fair assessment of the reduced value of the equity. The FTSE 100 has lots of foreign derived income, which of course has now risen, the FTSE 250 index is a better assessment of UK based companies, and that has fallen more.

[vicarage.livejournal.com]

FTSE 250 has fallen 13%

I was thinking of investing before, more so now

http://www.telegraph.co.uk/business/2016/06/27/why-we-should-be-looking-at-the-ftse-250-and-not-the-ftse-100-to/