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In the words of New York Yankees Hall of Famer, Yogi Berra…
…it’s déjà vu all over again
News broke last week that the United Kingdom will invoke Article 50 on March 29th in a move that will formally initiate that nation’s departure from the European Union, an event known colloquially as the “Brexit.”
I don’t believe investors have fully priced in the consequences and, as a result, you’ve got an incredible opportunity on your hands. Before I get to that, I’d like to spend a moment on what the Brexit means for your money.
The markets are once again flirting with all-time highs and that’s got many investors wondering if a 1999-style crash is in the works… especially when it comes to the tech-laden Nasdaq. They can’t help but shake the seemingly obvious parallels.
In reality, today’s markets are a far cry from what we saw back then and that means you’ve got to play them differently if you want to profit.