We aren’t.

There are more than enough experts to tell us what will and won’t happen after the UK voted to leave the European Union. Many are the same voices—only days ago—who vehemently predicted a stay victory. Newspaper, radio and TV headlines speak of stock market declines around the globe; not an atypical reaction to such a surprise.

What no one knows, even those who pretend that they do, what exactly will happen. One sure thing, though, markets dislike uncertainty. So remember that today’s market action is not a function of insight or clarity about future events. More than likely it is fear of what might happen.

Giving into fear is not a long-term investment strategy. The true economic and geopolitical outcomes from this referendum will be slow to unfold, potentially two years and three months. A rational and measured approach to properly assess where things stand is commonsense.

Leading up to Brexit, the market’s strength afforded the chance to increase cash in anticipation of potential summer volatility. This puts us in the driver’s seat now, with funds available for buying opportunities. Also, cash somewhat buffers the bumps and bruises the market may bring as it digests what Brexit means.