Phones ringing every 2 mins, not to mention a spate of messages bombard stockbrokers' handphones. Markets were swinging wildly, clients were worried and brokers were all watching the numbers on the screen closely.
There was no time to have long conversations over the phone and information was exchanged quickly between colleagues and clients. And every hour there will be a client calling in asking how to place trades, or to reset their passwords because they have not used it for long (i am not IT to reset the password, in fact i cant). Every second count, but we do our best to help everyone.
Once #brexit is confirmed, markets took a concerted dive with ocassional recovery. 3pm (GMT +8) once EU markets opened, there was another round of selling. Every single market took a hit. Subsequently US market too. Everything was just red and redder.
Yet one for sure, we will have a peaceful weekend. No more phone calls, no more messages, no more weird calls. At times like this, I have strangers who got no trading account with me, calling me to hear my views, and hang up after that. Seriously. Of course, I have clients who get news from me and trade through other houses too. This is not business for there is no mutual support. Pardon me but i have been awake for 28 hours... After i was done with US market, i lost my sleep. probably due to all the excitement.
Looking at the results, looking at the breakdowns, it's interesting to note that the young chose Bremain. The old however has a wrong perception of patriotism, hanging on to the gone ideas of commonwealth. There will be upcoming unforeseen implications and consequences.
UK's economy is largely based on tax and services, unlike in the past. Brexit meant a change of ball game, lesser rules and regulations from the EU which is what the Brits wanted in the first place. That also translates to the kind of asset class and what shares to buy and avoid.
Certainly one for sure, the working class will be the first victims of Brexit.
Further elaborations and explainations, please contact me. :)
HAVE A GOOD WEEKEND~!
