Exercise in futility to try to time the bottom. Bigger question is will the move to leave the EU be confined to the UK or will there be a contagion effect across the continent? Just like all bets were off this year with the repub primary, who can say? Populist nationalism is exerting itself everywhere, and there is no saying for sure whether this is just the start of big changes to the EU.

If it isn't, then I think you can buy all day long today and ju8st don't worry about whether it drifts a little lower before it turns.

If it is, the impact to the global economy might be pretty severe.

So, I am not into giving out investment advice - my model is to not be reactive and to stay the course. When my cash ticks up to a certain level, put some to work to right size it (and I'm pretty simplistic with the rest of asset allocation model, if can even call it that). As long as you're confident you won't need it for at least a year (and hopefully more like 3 to 5) then don't even look at day to day moves. But if you twisted my arm I'd suggest that now is likely to be a really good time to put money to work, but near term market moves are virtually impossible to predict. Make sure you're not relying on that.