The political and financial landscapes have been altered by last night upset "Leave" vote in Britain and now we have to try and make sense of the new terrain.
This is huge. Not that a Brexit 'Leave' vote has anything at all to with, say, Caterpillar’s earnings over the next few quarters. It has nothing at all to do with anything fundamental, but these “”markets”” have been anything but fundamental for years.
They've become gigantic, globally interconnected, leveraged speculating casinos. Nothing but a massive set of bubbles in search of a pin.
It looks like they may have just found one…