The three FC's: financial crises, flash crashes, and fiscal cliff

The fear of the FC's is gripping the markets. The three FC's are financial crises, flash crashes, and the fiscal cliff. Financial crises are more now on everyone's mind. There will be another EU crisis. There could be a French ratings crisis. There is an ongoing fear of a banking crisis. Crises are now expected everywhere. There is good reason for this view but it has gripped the markets at every turn even in the face of an equity rally. Flash crashes are not only possible. They have occurred with growing frequency. The real problem is that like the sound a crack in the bush which scares animals, investors have to act first and think later. So many will just stay out of the market. Finally, the fiscal crisis is coming soon and there is no answer. 

Beware of the FC's!