Brexit stock market false propaganda
After the Brexit vote, and the stock market went down, you heard smug liberals saying stuff like “Brexit destroyed hundreds of billions of dollars of value. The people who voted for Brexit are very stupid. Donald Trump is very stupid.”
Well the real truth is:
Wednesday June 22 (day before Brexit vote): S&P 500 closes at 2,085.45
Friday July 1 (yesterday): S&P 500 loses at2,102.95
So you see, the market is actually higher a week post-Brexit.
The market gyrations were just an excuse for traders to trade, totally divorced from any real-world changes in company values.
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Also, perhaps even more important given that this was a British vote, the for the FTSE 350 index (350 large stocks on the London Stock Exchange)
Wednesday, June 22: 3,489.43
Friday, July 1: 3,614.69
Even the stock market in London is higher post-Brexit.
So in the end, no value was destroyed by Brexit.
Will the morons who wrote articles with titles like $1.3T in U.S. wealth shredded since ‘Brexit’ issue apologies for being wrong? Not likely. Liberals never apologize for being wrong, they just move on to the next outrage.