Brexit: What To Do About It?
This article has been removed at the author's request. The original post can be found here: https://investment-fiduciary.com/2016/06/17/brexit-what-to-do-about-it/
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IMHO, Brexit is probably an event that warrants a "buy the rumor, sell the news" approach if you're a trader. I own a little bit of GLD and some volatility instruments at the time. I plan to sell a lot of it next week when others are chasing these for fear of missing out on the Brexit panic. If UK leaves EU, it will likely be a domino that triggers others to start falling, but the process will be one of years and years in the making, I imagine. And if Brexit happens, it will still still take the UK years to make an orderly exit from the EU.
Doing nothing next week sounds like the best possible plan, though, for traders and investors.