Thursday 23 June 2016

BREXIT Reaction

Hottest News today is CONFIRMATION of BREXIT!

No doubt, BREXIT will have impact to the market especially to the Equity Market. US Futures drop over 3%, HangSeng Index drop over 4.5%, Nikkie drop over 8%.

Is that so critical and will that induce CRISIS? My answer is NO.

Not to over optimist but short term correction is confirmed because equity market is sentimental and easily influenced especially by analysts. But after a while, it is just different ways of trading over the world. EU will continue or might extend the QE to protect EU members but England needs no QE. With BREXIT or BREMAIN, there're always pros and cons.

I would think this is the opportunity to grab strong FA companies.

Good Luck.


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