Known Unknowns vs. Unknown Unknowns

“Britain Stuns World With Vote to Leave E.U.; Cameron Plans to Resign, and Markets Fall.”

–headline, NYT (6/24/2016).

Is the British exit (“Brexit”) from the European Union — roiling global stock markets today — a Black Swan?

stocks diveI’d say “no.”

Sell First, Ask Questions Later

A Black Swan is an unknown unknown; by contrast, the Brexit vote was very much a known unknown.

How will it effect the housing market?

Stay tuned . . .

P.S.:  Likely to exacerbate the carnage today:  investors’ propensity to “sell first, ask questions later,” especially going into a Summer weekend.

See also, “White Swans, Gray Swans & Energy Analysts.

About the author

Ross Kaplan has 19+ years experience selling real estate all over the Twin Cities. He is also a 12-time consecutive "Super Real Estate Agent," as determined by Mpls. - St. Paul Magazine and Twin Cities Business Magazine. Prior to becoming a Realtor, Ross was an attorney (corporate law), CPA, and entrepreneur. He holds an economics degree from Stanford.

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