Financial markets tumbled in shock after UK Brexit vote.
But why such surprise?
Weeks of polls placed Remain and Leave neck and neck. But bookies, the oddsmakers, announced that betting heavily favored Remain, and newspapers around the world trumpeted this happy news.
Hardly anyone noticed the discrepancy
Then a couple days before the vote, Zero Hedge, that wacky assembly of eagle-eyed traders, conspiracy aficionados and contrarian news junkies, published a post that that got little attention.