We've seen this same story with currency crisis in history over, and over. The ending is always the same. The story goes like this: Lot's of panic, market recovers a little after damage control tries to make it seem not so bad, truth comes out and market continues to selloff. Smoke clears and the market is much higher a year later. So, I think using the final wave of panic as the time to load up long will be the game plan for me. This will be exactly the time when everyone else is selling, taking, losses, and piling on short only to get trapped. JMHO.
