[johnnyanmac]

Even if it's hopeless, the best strategy when everything is falling is to bet evenly. Whether or not those countries can "handle it" doesn't matter.

You're not betting in winning, you're betting on minimalizing losses. Huge difference in behavior.

[XorNot]

Yeah people talk about this as though US treasuries didn't have a negative yield for a considerable amount of time.

People were literally paying the US government to hold their money because it was better then the alternatives: the options can all be bad, but some can be worse.