Today’s number is tied to a few other numbers stemming from recent events. 611 by itself is an abstract number but what it represents to many around the world is why it is significant today.611 represents the number of points lost by the Dow Jones Index today after the recent UK referendum on “Brexit”, or the exit of the United Kingdom from The European Union. Together all the markets lost an estimate $2.1 T in cumulative wealth, with the losses in the UK FTSE 100 totalling 120B GBP.
Markets will be voltaile for the coming weeks, but should stabilze somewhat. However, what the markets will bring after the dust settles depends on how other countries in Europe react to the “Brexit” vote.