The stock market staged a dramatic fightback yesterday, as a concerted effort by Remain, Cameroons, the tv channels and the establishment did their best to crash the economy. Some apocalypse! It was over by teatime as shares bounced back and the pound steadied.
David Buik, an analyst at stockbroker Panmure Gordon, said: ‘We are seeing the results of the apocalyptic hysteria whipped up by the Establishment.
‘They are responsible for a large portion of the fall in the value of the pound and share prices.’
A hedge fund manager, Crispin Odey, a passionate Brexit supporter, who took a “short position” on company stocks and sterling, bet on their value falling in the aftermath to Leave. Mr. Odin has a personal fortune of 900 million. In a coup that Ryan Gosling (The Big Short) would have been proud of, he made more than £220 million for himself and his investors betting on Brexit. His trading position meant he would have been liable for massive losses if his gamble hadn’t paid off. Mr. Odey commissioned a private poll before the referendum result, and gambled on the market reaction.
In a statement after the result had been announced, Mr. Odey said “Ordinary people have spoken! ”
He added “We must remember how close it was, but also what a brave decision it was. “