The Brexit Handed Europe Its "Bear Stearns Moment"
July 05, 2016 at 05:00 AM EDT
Brits voting on June 23, 2016, to exit the European Union wasn't a "Lehman Brothers moment" despite what you may have heard. Sure enough, from June 24 through June 27, global equity markets bled out $3 trillion - the Dow Jones Industrials alone fell almost 5%. But of course the markets have bounced back, with the Dow up 4.5% at the holiday weekend; American equity benchmarks are within a couple of points of their all-time highs; if history is any guide (and it is), they're likely to go a lot higher. So, it's safe to get back into stocks, right? Well... yes and no. There is a massive reckoning coming for Europe and American companies with exposure there. Only the best will come out unscathed. But, for the biggest profits, I'm going to show you some smart plays I'm recommending right now - one of the trades turned in 242% in gains. It could easily do so all over again. Let me show you what's coming... Tags: market crash To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2016 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post The Brexit Handed Europe Its "Bear Stearns Moment" appeared first on Money Morning - We Make Investing Profitable .