ALERT - POSSIBLE BLACK SWAN: Nikkei Tanks as Yen Rises - Catalyst for US Stock Market Crash

Fed, GDP & jobs — get ready for a busy week in the market

For the dead of summer, the week ahead couldn't be livelier.

"Taper talk" should pick up again as the Federal Reserve gets set to meet Tuesday and Wednesday. While Fed officials are not expected to make any major changes in their statement or policy, traders will be watching for any subtle tweak that could indicate the Fed's views on tapering its $85 billion a month bond-buying program.

[link to www.cnbc.com]

Like I said in the other Nikkei thread, us financial doomtards were suckered in by the big drops the Nikkei had in the beginning of June. I'm not going to get excited until it drops a bunch more.

Credit squeeze in Asia now worst since financial crisis

[link to www.cnbc.com]

Nikkei currently down 3.3%

[link to data.cnbc.com]

Investors should always prepare for the most extreme risk scenario because it will happen, Goldman Sachs CEO Lloyd Blankfein told the Australian Institute of Company Directors at a breakfast briefing on Friday.

Blankfein, who’s been Goldman CEO since 2006, steered it through the fallout of the global financial crisis of 2007-2008. He said the experience had taught him to accept that the worst thing you can imagine will inevitably happen.

“Most risk management is really just advanced contingency planning and disciplining yourself to realize that, given enough time, very low probability events not only can happen, but they absolutely will happen,” said Blankfein.

“The definition of infinity is that you wait long enough, everything happens.”

[link to www.trunews.com]

RT @martinpetherick: Nikkei looks like FTSE/S&P October 1987 just heading into the big crash. Uncanny similarity

[link to twitter.com]

Alert - Possible Black Swan at the Top - Yen Carry Trade - See chart for effect

[link to img837.imageshack.us]

Effect of the Yen on the SPX - minute chart shows all the control of the Yen Carry trade

[link to stockcharts.com]


It's all about the Yen or Yen carry - There will be huge selling of equities with that trade.

BIG MOVE ALERT Monday - NAMO and NYMO - turning over - Moving average clusters - go with Momentum

[link to twitter.com]


SPX visual trading - turning over

[link to img690.imageshack.us]


Bearish Butterfly - Banks

[link to img90.imageshack.us]

not exactly a Black Swan for those who followed my thread ;)

Thread: Why Timewave Zero was correct


.

President Barack Obama may be leaning toward former Treasury Secretary Larry Summers as the next head of the Federal Reserve, recent press reports say. But such a move could jolt markets, which have been expecting the dovish Janet Yellen to be the next central bank chief, analysts say.

"If Summers is appointed, then we many see markets correct as tapering will be expected to happen more quickly," said David Forrester, G10 foreign exchange and fixed income strategist at Macquarie Bank, referring to an unwinding of the Fed's monetary stimulus program for the economy.

[link to www.cnbc.com]