The Great Unwinding: Is There Any Way to Come Out Ahead?

History suggests being wary of the "strong buys" at $45 when the eventual bottom is $4.

In response to my chart-fest post The Rollercoaster Ride Ahead: 15 Years of Extreme Distortions Will Be Unwound, readers asked: OK, so what can I do in response? That's the right question, for passively awaiting the wave to wash over us and then scrambling for higher ground is a high-risk strategy.

Let's start with three stipulations: 1) this is not inve…