Wall st technicians are fascinated by the phrase "black swan" for decades ... it gives them goose bumps (er swan bumps) - and consequently everybodies brother uses this phrase to get each others attention. (Search for black swan messages in yhoo msg board)
AIN'T HAPPENING !!!
Just tell me how DOW can ever crash by 500 points in a day much less 1000 points - before november elections?
1. Team O'BUMMER has instructed banks to not sell, but buy - or else -
2. Retail was never heavily on the long side - so there really are no retail sellers
3. Pension funds have caught on to the Team O'BUMMER message. They are buying cautiously - at least until elections.
4. Any sign of market weakness - huge sums are poured into DOW, Mini, S&P.
5. If that's not enough - dollar is crashed.
6. Flash crash has been decoded - BANKS instructed - don't turn off HFT computers - ever. Unlimited money will be made available. Who's counting.
7. Despite all this if weakness persists - trading will be halted. And re-halted. And shut for the day.
500 pt day drop ain't happening until elections. Live off pull backs.
After elections - there'll be a 10-15% correction.