SPDR S&P 500 (SPY)

[imiloa]

agreed, this circus of denial could continue for many months, even years,
if the central banks can maintain the charade of infinite debt.

at this point, a major earthquake will be necessary to break the spell.
my current thought is the DB implosion could do it
and might happen sooner than later
esp if a couple italian banks collapse
thereby knocking out some of thin remaining stilts keeping DB above water.