by winston » Sun Feb 05, 2017 9:11 pm
Update on Brexit
Besides the election of President Trump, the Brexit referendum was perhaps the most surprising economic and political event of 2016.
The idea of Britain leaving the European Union brought into question the stability of the economic region, and investors and analysts started to question the future of the European Union.
Doomsday economic scenarios followed, with many predicting recession for the region and major market fallout.
Stocks were volatile following the news, but prices recovered within a few days and UK stocks rallied swiftly in the weeks following the vote.
For as much attention as Brexit received, it was a non-starter for having equity market impact.
Source: Zack's
It's all about "how much you made when you were right" & "how little you lost when you were wrong"