Brexit Vote and Stocks
Stock-Markets / Stock Markets 2016 Jun 28, 2016 - 03:14 PM GMTThe Brexit vote has triggered an intermediate cycle decline in the stock market. I’m expecting a bear flag and then a final drop into the bottom, but traders also have to be wary of an intervention that could terminate the rest of the decline prematurely. We may have gotten the bottom yesterday. This is why I don’t sell short. You are fighting an opponent with a printing press.
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Gary Savage
The Smart Money Tracker
Gary Savage authors the Smart Money Tracker and daily financial newsletter tracking the stock & commodity markets with special emphasis on the precious metals market.
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