Britain's decision to axe ties with the European Union was a major 'black swan' event last week. Black swan events are negative catalysts that investors don't have on their agenda, and are therefore not reflected into securities prices. The Brexit referendum at the end of last week certainly fit that bill: Investors in Europe, the U.S., and Asia have gotten the Brexit decision very wrong, which is why stock markets went into such a tailspin.
After two days of heavy selling, on Friday of last week and on Monday, investors may want to think about buying stocks at discounted prices, though. And big industrial companies with a history of dividend growth should rank high on investors' shopping lists during these wild times.
