The following is an excerpt from Ben Levisohn | June 27, 2016 | Barrons.com |
Does anyone remember that mini-series from 1983 called The Day After, which looked at the impact of a nuclear war with Russia? My parents wouldn’t let me watch it (I would have been ten at the time), but I still remember the stir it caused. With the way some people are talking about Brexit and its impact on stocks, you would think it was a calamity on that scale–at least one referred to it as being as important as the collapse of the Berlin Wall–and the market, today, at least seems to agree that the U.K.’s exit from the European Union will be bad for stocks.
The S&P 500, after all, has fallen 2.1% to 1,994.61 at 9:59 a.m. today, while the Dow Jones Industrial Average has fallen 312.56 points, or 1.8%, to 17,088.19, and the Nasdaq Composite has tumbled 2.7% at 4,580.92.
Of course, it’s not the end of the world–but it certainly is a more volatile one. Wells Fargo’s Gina Martin Adams explains:
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