there was a long deceased nic on here who hoovered up as many contracts as possible on front month minutes prior to it going negative. he thought santa brought him a gift with the perceived zero bound
dot.com introduced us to the hyper monetization of anything remotely tethered to the “web”…maybe LTCM back in 98 was a truer black swan. a hyper leveraged hedge fund that took economies with it.
“black swan” = CYA for ratings agencies and the buy, but never sell crowd to absolve themselves of any responsibility. As Virtusa said, these events happen with enough frequency that the term has become meaningless.