Short of a meteor strike, there are no true "Black Swan" events in financial markets. There are only greedy morons onboarding ever more leverage until they implode with extreme dislocation. PhDs coined the self-serving term "Black Swan event", in vain hope of not being labelled serial fucktards with the commonsense of a door knob...
As of right now, There are nine mega-cap stocks holding up the entire market: Facebook, Amazon, Netflix, Google, Microsoft, Starbucks, Salesforce, Priceline and Ebay. These nine stocks are up an average of 60% while the S&P is up 1% on the year. Without these stocks, the market is fucked company.
"Look, it's a Black Swan event!!!"
CasinoConomy: "No blind man saw that coming!"
The Internet Fund aka. (Google, Amazon, Facebook, Ebay, Netflix, Priceline)