Well, theres just a few days to go before the Scottish independence referendum
And still nobody in the City has a clue which way the vote will go and what will happen afterwards.
Among the experts stating the bleedin obvious has been Azad Zangana of Schroders, who claimed:
Investors are rightly concerned especially as the uncertainty that a YES outcome presents for not only Scotland, but also for the rest of the UK.
In fact, the pundit uncertainty reached a fresh peak when BT chairman Sir Mike Rake trumped every uncertain Square Mile boffin by saying
Inevitably this uncertainty will lead to a slowdown in investment in the UK as a whole as well as ScotlandThe uncertainty will last for easily 10 years
But even Sir Mike appears only mildly concerned when you consider what David Folkerts-Landau, the chief economist of Deutsche Bank has been predicting. He reckons a Great Depression could be on the way
A YES vote for Scottish independence on Thursday would go down in history as a political and economic mistake as large as Winston Churchills decision in 1925 to return the pound to the Gold Standard or the failure of the Federal Reserve to provide sufficient liquidity to the US banking system, which we now know brought on the Great Depression in the US.
These decisions, well-intentioned as they were, contributed to years of depression and suffering and could have been avoided had alternative decisions been taken.
Cripes. We might as well just sell everything now, stock up on gold and baked beans, and head for the hills right now
Or head to England.
The paperwork and removal vans may cost 1 billion
Yes, a few banks have already made their minds up and have confirmed theyll take decisive action if the YES vote wins out.
Royal Bank of Scotland, Lloyds Bank, TSB, Clydesdale and Tesco Bank have all declared theyll be shifting their headquarters to England if Scotland does become independent.
RBS blamed a number of material uncertainties arising from the Scottish referendum vote which could have a bearing on the Banks credit ratings, and the fiscal, monetary, legal and regulatory landscape to which it is subject.
And who can blame the banks for moving, when Paul Krugman a Nobel Prize-winning economist no less says Scotland is all too likely to end up becoming Spain without the sunshine.
Be afraid, be very afraid. The risks of going it alone are huge. he warns.
Indeed, the total cost of the paperwork, the removal vans and everything else simply to take just RBS to England could reach 1 billion, according to Chirantan Barua at brokers Bernstein.
Of course, thats 1 billion less profit that could have helped RBS to pay a dividend one day
Still, in a situation like this, theres always a silver lining somewhere for someone
For instance, British Airways and easyJet could benefit if a YES vote leads to the Scottish National Party forming an independent government. You see, the SNP have pledged to cut airport taxes.
Meanwhile, the BBC perhaps hiving off BBC Scotland could work wonders for STV, the ITV licence holder north of the border.
And if you hold dollar-denominated shares and receive dollar-denominated dividends, then a beaten Sterling could leave you quids in. (A doomster over at MoneyWeek says the pound could drop to 1:$1.40 if things become really chaotic.)
But perhaps the biggest winner here might be YouGov, what with all the frenetic polling putting the market research specialist firmly in the spotlight. YouGovs latest financial results showed underlying profits up 19%, which have helped the shares rally 24% so far this year.
And when you think there is a general election next May which could be another knife-edge decision then the small-caps trading could remain brisk for some time to come
The seven-baggers you could have easily bought in the last crash
There may be more silver linings to come. As I said the other day, the effect of any YES outcome cannot be worse than the banking crash of 2008 and we all survived that.
And yetif David Folkerts-Landau is anything to go by and everybody else starts to think were in for a Great Depression after a YES vote, then stocks are likely to get a real thumping
I mean, it could be just like the rampant uncertainty of the credit crunch, when nobody knew what was going on and quality stocks were sold at any old price by investors believing Financial Armageddon had arrived.
But when you look back and consider the mega-buying opportunities that occurred back in 2008 and 2009
And how top FTSE 350 names such as ARM, Randgold Resources, Dominos Pizza, Rotork, Aggreko, Shire and Weir have all surged SEVEN-fold or more since those dark days
Then perhaps very soon there could be another round of mega-bargains on offer if the YES vote wins and market uncertainty hits warp speed.
But you have to be in it to win it, as they say
Because believe me, many investors actually failed to buy in the banking crash.
You see, they were either too busy selling and locking in immense losses, vowing never to buy a share again.
Or they were waiting for prices to fall even further, and totally missed the sudden recovery.
Or they simply slumped into a deep freeze, unable to take action due to being entirely overcome by shock
I mean, the one thing none of us wants to happen is to completely miss another mega buying opportunity and the chance to enjoy substantial long-term capital gains and dividends
So if the YES vote does win and share prices do crash and everybody else does start warning about a Great Depression youll know this time what to do.
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Maynard does not own any share mentioned in this article. The Motley Fool has recommended shares in ARM, Dominos Pizza and Weir, and owns shares in Aggreko and Tesco, the parent of Tesco Bank.