WSJ: Forget About Black Swans, the One Floating Ahead is Neon

THE INTELLIGENT INVESTOR JULY 23, 2011
Forget About Black Swans, the One Floating Ahead is Neon
By JASON ZWEIG

You've heard of black swans—events that are unthinkably rare, immensely important, and as unpredictable in advance as they are inevitable in hindsight. Now, with no one ruling out a default or downgrade of U.S. Treasury debt, investors face a new kind of threat: what we will call the neon swan, an event that is unthinkably rare, immensely important and blindingly obvious.