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Pound Carnage


               
2016 Jun 25, 6:57am   4,697 views  27 comments

by _   follow (8)  

I have been charting data for a while now #investing

But what we saw yesterday in multiple charts are things that are truly epic

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1   _   @   2016 Jun 25, 7:00am  

European Financials ETF: worst 1-day decline (-16.6%) on the highest volume in its history (6m shares). $EUFN

2   _   @   2016 Jun 25, 7:01am  

3   _   @   2016 Jun 25, 7:02am  

4   _   @   2016 Jun 25, 7:03am  

5   _   @   2016 Jun 25, 7:11am  

6   _   @   2016 Jun 25, 7:13am  

7   Tenpoundbass   @   2016 Jun 25, 7:16am  

It was all a fake global ecconomy propped up by the scheming global elite is what all of this means.
People are pulling their money out. People are fed up and there's no telling how far down the rabbit hole the righteousness may go.

But Trust me! We'll be better off without THEIR money, and them not being in charge dicating who works and who wins for their effort.

So in other words...

Fuck 'Em!!!

8   MisdemeanorRebel   @   2016 Jun 25, 7:21am  

Great! British exports are going to explode in the next quarters.

Bad for banks, good for the North.
www.QzivmOQWkVQ

9   _   @   2016 Jun 25, 7:22am  

Tenpoundbass says

People are pulling their money out.

As you can imagine, never been bullish on Europe,

Bad demographics, they're even more cry babies than the extreme left and right we have here in America, but over there they actually mean it where the cry babies here actually don't believe their own non sense they speak off

But Europe... I mean... if they want to go this route.... I mean everyone, you can have some chances to make money at some point

Back to the #USA

All good here, it delayed breaking into all time highs for a little bit longer

Strong demographics

10 year channel didn't break again, impressive, closed at 1.57%

If we can get a close under 1.56% and then follow through action the next day with closing lower yields, then you got a shot at new cycle lows in yield

But this 1.60% area has held even with all the pathetic drama out of Europe for many years.

10   _   @   2016 Jun 25, 7:26am  

Good time to take a trip to London!

11   _   @   2016 Jun 25, 7:32am  

thunderlips11 says

Bad for banks

12   FortWayne   @   2016 Jun 25, 9:33am  

I think that the financial oligarchs are not going to let Brits go lightly. Controlling a country financially is very profitable rental income. I think we'll see a lot more drama in the coming months and maybe years. Not sure if it'll be a dead cat bounce or not on wall street, but uncertainty will sure be there.

Logan are you buying anything long, day trading, or waiting? If you don't mind sharing your strategy these days.

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