Stefan Wermuth/ReutersBrexit has been hailed as an unprecedented event, signaling a major shift across the European continent. Oddly enough, the UK had in fact pulled a similar move in 1992 by removing itself from the European Exchange Rate mechanism (ERM). This drop has drawn comparisons from investors such as George Soros (who helped bring about the 1992 move) and market analysts. While the precipitous drop in the pound is no doubt an apt comparison, there is just one problem with the Brexit is like 1992 ideas: stocks. Here's a breakdown from Capital Economics' on the dichotomy (emphasis added): "In the first four days after the UK exited the ERM on 15th September, sterling fell by 6% against the German mark.