SFY - The Stock Market's 'V' Recovery And Surviving Economic Collapse
Sentiment in the US equity market continues to look on the bright side. Despite dismal economic numbers, which are set to become even grimmer, the collective wisdom of investors appears to be betting on a strong rebound in the near future.
The S&P 500 Index recently suffered its steepest, quickest drawdown in the post-war era, but the benchmark has since bounced back dramatically. After suffering a 33.9% drawdown through March 23, just weeks after setting a record high in February, the S&P 500 has recovered about half that loss. Compared with the top-10 drawdowns since