Stock trader explains #Brexit vote on US economy

Stock trader explains #Brexit vote on US economy

Andy Quinn, a personal portfolio equity trader, explains the effects of #Brexit on the US economy. Tiffany Kenney reports.



WEBVTT YOU WATCH WPBF 25 NEWSAT NOON.TIFFANY: WELCOME BACK, JOIN NOW TO TALK ABOUT THE VOTE IN BRITAIN IS ANDY QUINN. THE DECISION TO LEAVE THE EUROPEAN UNION HAS A MAJOR IMPACT ON PEOPLE’S FINANCES, AND THE STOCK MARKET PEOPLE ARE UNDERSTANDING NERVOUS ON A DAY LIKE TODAY. TELL YOUR EXPERTS ABOUT THIS. WHAT DOES THIS MEAN FOR OUR 401(K)? FUNDAMENTALLY, WHEN YOU RELEASE A MARKET MAKE MONEY IN THE STOCK MARKET, YOU START TO PANIC. DID I NOT SELL YESTERDAY? AND IF YOU GO BACK TO WARREN BUFFETT’S $5 BILLION PREMISE, HE HAS SAID SEVERAL TIMES AND MORE TIMES, THAT WHEN THERE’S BLOOD IN THE STREETS IT’S USUALLY THE BEST TIME TO BUY STOCKS. SO YES, YOU’RE LOSE. BUT IF YOU ARE A LONG TERM BEARER THIS IS A BUY OPPORTUNITY. IT’S LIKE WALKING IN THE MALLAND GETTING THE BET – ONSALE DRESS. GO ALONE AND LEAVE THE EUROPEAN UNION AS A TEAM. I TOLD YOU, NEW ENGLAND PATRIOTS DROP TOMBRADY, DO YOU THINK THE PATRIOTS WHEN THERE WAS ALL THESE WINDS WITHOUT TOM? PROBABLY NOT. THEY PROBABLY HAVE NOT MADE THE PLAY-OFFS IN LAST YEARS. WHEN YOU LOSE YOUR STAR PLAYER, IT CAN REALLY FIGHT GLOBAL MARKETS. TIFFAN A GOOD ANALOGY. A GENERAL LACK OF CONFIDENCE. NONE OF US REALLY KNOWS WHY STOCKS ARE DECLINING. THIS COULD NOT HAVE ANY RELATION TO THE DROP IN STOCKS. REMEMBER THAT IN MAY, JOB CREATION WAS HORRIBLE HERE IN THE UNITED STATES. WE DON’T KNOW IF THIS IS AN AFTER FACT BUT IF IT IS RELATED TO BRITAIN’S EXIT IT CREATES A LACK OF CONFIDENCE. WHEN YOU’RE NOT CONFIDENT, THE FIRST THING TO DO IS TO PRESS THE CELLULAR BUTTON AND TRY TO HIDE AND REGROUP.– SALES BUTTON.

Stock trader explains #Brexit vote on US economy

Andy Quinn, a personal portfolio equity trader, explains the effects of #Brexit on the US economy. Tiffany Kenney reports.

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