Global stocks tumble after Britain votes to leave the EU
A stock market tumble caused by the vote in England to leave the European Union may be short-lived, said Donald Sowa of the Sowa Financial Group.
"Volatility comes with the market," Sowa told NBC 10 News. "It creates opportunities. We don't like it because most investors have a tendency to make decisions based on what they feel, not necessarily what they think. I'd rather they do a little more thinking. And if they did, they wouldn't be panicking right now."
In fact, Sowa said there may be a chance to capitalize on temporarily low prices.
"You know the old saying, 'Buy low and sell high?' The buy low opportunity is often accompanied by some negative thing that happens in the economy or the market," Sowa said. "So, now they've got their 'buy low,' potentially."
Economist Mark Blyth, who is a professor at Brown University, said the election was not necessarily about any particular issue, but more about a sense that leaders are not listening to the citizens.
"Nobody trusts them anymore," Blyth said. "Nobody believes a word they say anymore. This is a revolt of ordinary people."
But as far as long term financial implications, Blyth said Americans needn't worry about England going down.
"Just look at the financial crisis," Blyth said. "Britain's too big to fail, so it won't be allowed to."