So the Chinese stock market is collapsing and has gone no-bid and is being shut down, prices on the street in Greece are already being quoted in Drachma, and now the NYSE has gone no bid, and it is being blamed on a tech glitch. Riiiiiight. United Airlines, the Wall Street Journal and ZeroHedge all had simultaneous “tech glitches” too.
Ask not for whom the Black Swan honks. It honks for thee.
Here is the full version of my Economics Presentation from ARSH 2012, and I have it keyed to begin at the 2:09:40 mark, where I discussed how the markets would go no bid when the black swan event happened, and thus the urgency of getting out before that happened.
If you didn’t get out of the markets I simply cannot feel sorry for you.