panickingStock market and pound make recovery after Brexit causes record plunge as Bank of England promises £250bn to stabilise economy after EU referendum
Prices stabilized soon after with the more rational traders locking in the worrywarts losses.
More after the break.
When it comes to bovine sensibilities professional traders fall only slightly behind banks, and insurance companies. The people who populate these professions have a hive mind, and at the snap of a twig will stampede wildly. This is but one reason one should never allow a professional trader to actively manage your money.
Staid, and steady index funds obviate this stupidity by simply eliminating the active day to day trading for profit (oxymoronically this actually means loss most of the time).
Brexit obviously will be a boon for underwear launderers.
The photos are priceless, this man needs an underwear launderer STAT.