This is why we plan ahead for events such as Brexit. The British “leave” vote — Brexit in financial medialand speak — has forced us all once again to rouse ourselves from our media-induced slumber and get busy getting busy. Great Britain voted to leave the European Union, or Brexit, in a historic referendum Thursday, and global markets are feeling the shock waves. You’ll be shocked to know that British stocks were actually up for the week — that’s how robust their rally was ahead of the vote. I know, I repeat myself, seemingly every other quarter, as we run through this muster drill.

Source: Washington Post June 25, 2016 01:18 UTC