A week ago, the world was getting ready for what all the polls had been predicting.
Only those willing to book bets seemed to have a different opinion.
Polls indicated that Great Britain was going to vote to leave the European Union, but those willing to put their money where their mouths were, didn’t agree.
Then suddenly there was a shift, perhaps due to the tragic murder of a proponent of keeping the EU intact.
That shift was seen not only in the polls, but in markets.
Suddenly, everyone was of the belief that British voters would do the obviously right thing and vote with their economic health in mind, first and foremost.
The funny thing is that it’s pretty irrational to expect rational behavior.
In a real supreme measure of confidence, just look at the 5 day performance of the S&P 500 leading up to the vote.