July 4, 2016
London calling to the faraway towns
Now war is declared and battle come down
London calling to the underworld
Come out of the cupboard, you boys and girls
London calling, now don’t look to us
Phony Beatlemania has bitten the dust
London calling, see we ain’t got no swing
‘Cept for the ring of that truncheon thing
The ice age is coming, the sun is zooming in
Meltdown expected, the wheat is growin’ thin
Engines stop running, but I have no fear
‘Cause London is drowning, and I, I live by the river
London calling to the imitation zone
Forget it, brother, you can go it alone
London calling to the zombies of death
Quit holding out and draw another breath
London calling and I don’t want to shout
But when we were talking I saw you nodding out
London calling, see we ain’t got no high
Except for that one with the yellowy eye
The ice age is coming, the sun is zooming in
Engines stop running, the wheat is growin’ thin
A nuclear era, but I have no fear
‘Cause London is drowning, and I, I live by the river
The ice age is coming, the sun is zooming in
Engines stop running, the wheat is growin’ thin
A nuclear era, but I have no fear
London is drowning, and I, I live by the river
Now get this
London calling, yes, I was there, too
An’ you know what they said? Well, some of it was true!
London calling at the top of the dial
And after all this, won’t you give me a smile?
I never felt so much a’ like a’like a’like
This gloomy 1979 classic punk song from the Clash encapsulates how millions of folks are feeling currently post-Brexit. The vote has enormous LONG TERM benefits for the British economy. Anytime any shackles are lifted from my fellow humans it’s wonderful. And it will eventually lead to more creativity and entrepreneurialism. But before it gets there it can be dicey. As I stated in the post titled “Brexit: The final Countdown” — http://oneradionetwork.com/archive/trader-scott-brexit-final-countdown-june-27-2016/ —
“I will now add the British stock market to the list of stock markets that I EVENTUALLY would like to own for the long term. However, I am not even remotely close to buying these stock markets any time soon. The others on that list are Greece, Russia, China, and especially India.”
But success in markets is about timing. So even though I am nowhere near buying British stocks, I will give where I would begin to get very interested in a long term buy.
Below is the FTSE 100 stock index traded in British Pounds. If/when the index trades below 4800 is the first lower RISK buy area.
So, I’ll patiently wait, as I expect this Fall will be the first good global stock market entry time zone.
Originally published on One Radio Network
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