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Old 18-10-2016, 14:39   #2091
Damien
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Re: Post-Brexit Thread

Quote:
Originally Posted by tweetiepooh View Post
As with too many other times where there is a down turn there are leaches who sell short and hope for things to get worse. I've worked in companies that hit a hard patch and these low life come out boasting about how well they will do when the company collapses and they have to buy their short sold stock for a pittance. No thought of people losing their jobs and livelihoods.

Seems same is applying here. There are those "betting" on a sterling collapse and almost ensuring it's self fulfilling. And the brokers win whatever happens.

And this country we have doughnuts.
For now.....

Incidentally the markets work the other way too. If sterling is too low then you'll make a ton buying it before it corrects itself. This isn't short selling but a lack of faith, justified or not, in the currency which is either temporary or not.
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