FAA and EEM, acronyms for airlines and emerging markets.

Airlines, have a capital structure that almost guarantees that at some point they will go bankrupt, and, if insanity is defined as doing something again and again in the expectation that the result will be different , only the insane would continue to own . The case for the emerging markets is only marginally less compelling. Here are the charts.

FAAeem

  No analysis here, just a reminder how good things can be, for a while.