Black Swan Event: An unpredictable or unforeseen event, typically one with extreme consequences Deutsche Bank AG (NYSE:DB) may be the black swan no one is talking about. The European bank opened below a major triple bottom support level at new lows.
It has been widely said, that if that triple bottom support level broke, it would cause Deutsche Bank to spin out of control and into default. An event such as this would trigger a domino effect among other financial institutions, mainly in Europe but would send ripples through U.S. banks as well. It would likely cause a major economic event. A Lehman type collapse and catastrophic event is possible. Actionable Information: Investors should be short the market and long volatility in the near term.
There is far too many issues out there for US stocks to be near all-time highs. Smart investors are set to make a ton of money. Be mostly in cash or short the market.