The United Kingdom voted to exit the European Union in a historic vote and Brit's are already calling June 24th their independence day. But on the heels of that news, the world's markets responded with concern with many stocks taking huge hits.
The former Prime Minister of Great Britain Tony Blair made it clear today how he feels about the UK exiting the European Union.
"I’m very sad for our country and for Europe… for the world actually because it's got vast implications economically and politically," said Blair.
The implications so far are on the value of Britain's pound that just fell to a 31 year low. And in the United States, NASDAQ, the Dow and S&P 500 all dropped today as investors grew weary of the market.
"It's common for people to use the stock market as some source of reaction," says Kay Knuth of Knuth Financial Life Planning in Appleton.
At Knuth Financial Life Planning today's Wall Street, and global stock market news was a surprise.
"It's unfortunate but it's also a buying opportunity," adds Knuth.
As many investors start showing uncertainty, financial planners like Knuth say it's also a chance to make money.
"You have to know how to go out and when to come back in that's usually the real challenge," adds Knuth.
And for those invested in the market, that are paying attention to what's happening on a global scale, some financial planners say having a knee jerk reaction to the news is something you should do with caution.
"It's going to be the long term that you need to be looking it and that's why you shouldn't be jumping unless you're putting money in the market," says Knuth.
Because with the potential of Britain officially becoming independent in two years there's a lot the stock market can do, with that kind of time.
With all of the ebb's and flows of the stock market in the last 24 hours gold futures actually rose more than 8 percent at one point today as many have concerns over the value of currency being affected by the vote.
