Has The Market’s Black Swan Just Arrived?
Could it really have been right under our nose like this? Black swans have a funny way of showing up like that.
For the better part of the last 18 months, while speculating about what would set the market off lower (aside from just slamming into pesky ole’ 5% interest rates after two decades of the largest free money bubble in history), one of the ideas I’ve entertained has been a “black swan” event that nobody saw coming.
In many instances, I’ve speculated that this could be the unraveling of a company that everyone assumes to be a staple of markets. For example, here is what I said just weeks ago on Palisades Gold Radio (video queued to right spot):
In that video, I mention “black swan unknowns” and ask whether or not there will be a major corporate fraud that goes down. And while I’m not sure the market has found such a “black swan”, there is certainty a series of events that have taken place over the last 48 hours that market participants should be keeping a close eye on.