Quote:I don't know if I would go that far.  The world economy overall is fairly weak.  Global economies, including ours are going to be affected.  I suspect that there will be no rate hike from The Fed this year, even though they were planning for two of them.  Janet Yellen held off on a rate hike precisely because of the chances of a Brexit.  Now that it's happened, I'm betting that it doesn't happen in July or August (as was expected).  It certainly won't happen in September or October with a looming presidential election.

 

As expected, world stock markets reacted by falling today, but most of that is more "knee jerk" than anything else.  Expect the market to recover over the next couple of weeks.