David White: If MS is correct about UK debt, this could be the Black Swan event (or the tipping point) for the markets. Next couple of days may tell tale
David White: The SPY has just bounced off technical support. Will it now proceed up, or will it proceed down through support. MS thoughts on UK ==> down.
David White: MS predicts a huge loss of value in the British pound. This almost certainly means the USD will rise soon. Japan gov't debt in trouble too.