Posted: 23/06/2016 at 16:30
Pounds dropping too.
Yep. In fact, there's possibly money to be made here. The market has pretty much priced in a 'remain' vote, to the extent that if it does happen then it will shrug its shoulders and say 'meh'.
However, if 'leave' wins, the market will get twatted tomorrow morning.
In other words, buying the market now gives you not much, if any, upside potential, but PLENTY of downside risk, so you wouldn't want to.
However, if you already own shares, you might have wanted to sell them all today. Tomorrow, if leave wins you can buy them all back at pretty much the same price and you've gained nowt but you've lost nowt, but if remain wins then you can buy them all back at a massive discount after the bottom drops out of the market.
Winner, winner, chicken dinner.