Brexit market crash – Run for the hills or fill your boots?

So the UK voted to leave the European Union and it sent financial markets into a tailspin. Below is just a small sample of Friday's headlines to give you a sense of the scale of the moves:

• Italian stocks suffer worst ever day with 11% fall
• the FTSE 100 tumbled more than 8% within the first few minutes of trading on Friday, its biggest fall since the collapse of the US investment bank Lehman Brothers in 2008
• Pound suffers biggest one day fall ever (down over 8%)
• Wall Street ‘fear gauge’ surges 40%
• Bank shares fall by 30%

... I could go on.

Yet that was just the markets. A Financial Times journalist summed up the chaos when they said:

"It's a rather strange day. The Prime Minister resigning is only our third most important story".