Oct
20
Killer Black Swans, from Ken Drees
October 20, 2010 |
Some advertised black swans that are market killers:
–commercial real estate next shoe to drop
–dollar going to zoo
–Hindenburg indicator–Prechter's warning
–foreclosure mess
–healthcare going to kill us all
–astrological death formation –grand cross
–banks still closing
–hft / flash crash 2 is due
–bonds are topping for the final curtain
The "QE" moon rises into a dark and scary night near the foggy pond and the swans paddle into the shadows, melting into reeds and rushes.
Just in case –get your canes ready for a walk down to the church.
J.T Holley writes:
My still in progress theory is the use of alliteration in Wall Street propaganda. I'm still collecting samples and building the database.
Comments
4 Comments so far
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You didn’t mention ETFs or ETNs that half of all these creations are less than three years old and many are under a year old. Just another primer for your powder keg…………..
the problem is that when everyone is fearful there is stil a chance of the worst outcome. Public perception of conditions are random.
…add to my last statement: and the stock market’s future performance are uncorrelated
you realize that if you can enumerate them, they are not black swans, right?
a black swan is more properly (i.e. not some perturbed demagogue’s definition) described as an event for which your prior distributions are *completely* uninformative.