Why did Brexit have to equal market turmoil? Was Britain going to stop all commerce, quit consuming, and cease all import and export activity? What about Europe? Will global trade falter?

No, advisers can tell their clients that Brexit will most likely cause none of that. Events like debt crises, fiscal cliffs and market bubbles will always capture headlines, but, unless they represent the exceedingly rare event that really does change the trajectory of the world economy, they are short lived. Even so, many advisers have to spend the majority of their time convincing clients not to overreact.

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