Updated: July 1, 2016
Right now, the market only cares about one thing: Brexit. The market is volatile—which means now is a time to buy, buy and buy more as fears drive stocks too cheap.
But the simple fact is no one knows exactly how Brexit will impact the world’s various economies. For sure, there’s a consensus that Britain will take a hit—how big of a hit, though, is uncertain. And then there’s fear that political instability will impact Europe. But why should that cause the S&P 500 to lose 5% in just a few days?
Simply put: it shouldn’t.
Which is why I’m getting greedy as the world gets fearful.… Read more