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Friday, July 01, 2016

Sure looks like governments rigged stocks after Brexit vote

Ah, that wasn’t too bad.

I’m figuring that is what investors were saying on Wednesday after financial markets around the world regained more than half of the losses caused by Britain’s shocking decision to leave the European Union.

And if you include the hokey rally the day before the British voted to Brexit — as Britain’s abandonment of the EU is being called — stocks barely budged.

I say the decision was “shocking” only because the powers that be were pretty sure voters wouldn’t dare escape the EU.

The PTB were wrong.

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4 comments:

Anonymous said...

Its called market management...

Anonymous said...

All markets are rigged.

Anonymous said...

Cannot wait to go to London now that the dollar is rising against the pound. Here comes the bargains!

Anonymous said...

Why? Bad food and ugly women.