CNBC Mad Money July 11, 2016
Hallelujah what explains this reversal of fortune from just a couple weeks ago to where we are now . Unless we understand how we got here, we cant know where were going. We need you to know the facts so they can buttress the story. First, we got brexit wrong [ buzzer ] just plain wrong. What was wildly hailed as a disaster, something that the alarmists explained was the end of the world, turned out to be the best thing that could happen in the fry markets. One, we had an unforeseen event that big hedge funds simply werent ready. That meant a lot of Fund Managers were betting the wrong way goin...