We have discussed credible events and black swans several times in this blog, but this time it is different. We do have a real black swan event and we can show it is incredible! 31st December 2019 to end of February I can still recall champagne popping on December 31st 2019. Everyone was merry, the expectations for an incredible 2020, a bissextile year on top of that, were flamboyant. Yes, pun intended. Flying to Italy from Brazil on January 23rd …
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This year has seen an unprecedented number of highly visible cybersecurity events. Entire countries disappeared from internet during riots and revolts in North Africa, Egypt, Libya. Metropolitan underground e-mails and phones were obscured by the authorities in San Francisco to “protect us”. Reportedly the hacker group Anonymous has now threatened to take down the New York Stock Exchange‘s computers in what we at Riskope would see as a “logical” development of the Men against Machines War we described in a recent posting…
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Every morning, day after day, we see rough market data, large volatility, brutal drops, sudden heaves. Some companies are seeing the market capitalization play yo-yo several times a week, if not daily. For example: Dendreon Corp.’s shares fell 69% in less than two minutes in April 2009 followed by an after hour rally. Diebold Inc., June 2nd , share price plummeted more than 30% in six seconds, before shooting back up Dendreon & Diebold shares most likely have been “victims”…
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