A long way to go. The referendum was non-binding, and only Parliment has the legal right to decide. That creates a political mess, and Cameron was savvy to resign immediately to force/delay that hand. Today was an emotional reaction, let's see what happens when the rational sets in.
Non-binding is irrelevant. Cameron reigned so they can get someone that is Pro-BRexit to lead them in leaving (probably Boris Johnson). So it will happen.
What happens next? Next ... which is why the DJIA was down 600 points.END OF THE EU? Germany warns FIVE more countries could leave Europe after Brexit
FIVE European countries may seek to follow Britainís lead in leaving the EU in a Brexit domino effect, Germany has warned.http://www.express.co.uk/news/world/683224/END-OF-THE-EU-Germany-France-Austria-Hungary-Finland-Netherlands-Europe-Brexit
The EU is coming apart. It is going back to the 1970s. To do business in the 28 countries of the EU, you'll need to make 28 different version of your product (one for each country's rules) deal in 12 currencies and 7 languages.
So why do you think the markets reacted so badly?
I hope I'm wrong.