FGH

Seeking an Historical Precedent for the Current Crisis

As usual, you are able to brilliantly condense a complex topic to it's core and then apply your calm logic in drawing conclusions. Keeping in mind that you have not exactly been a member of the "perma-bull " pundit club over the past months, this perspective on an imminently "rising Phoenix" economy is encouraging. Still, in keeping with your analogy it is disturbing to note that in ancient mythology the Phoenix must burn to ashes first before the new bird emerges.

Question: Are you long SPY, DIA or QQQQ?