PIIGS – Look out Below

Looks like things are starting to unravel today in Europe:

Greece, Portugal Woes Intensify (WSJ)

Greece’s Biggest Union Sets Strike, Threatens Cuts (Bloomberg)

 Who’s Next? Italy? Spain? (Marketbeat)

Hedging PIIGS Risk with ETFs (Seeking Alpha)

PIIGS – related ETFs are falling hard today: Spain (EWP) down 7%, Italy (EWI) down 4%+, Euro Currency Trust (FXE) down 1%+, Internation Treasury Fund (IGOV) down .5%

 

 Source: Bloomberg

Source: Bloomberg

source: Bloomberg

Advertisements

0 Responses to “PIIGS – Look out Below”



  1. Leave a Comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s




Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 39 other followers

ETFDesk.com

ETFDesk Spotlight

Error: Twitter did not respond. Please wait a few minutes and refresh this page.

February 2010
M T W T F S S
« Jan   Mar »
1234567
891011121314
15161718192021
22232425262728

%d bloggers like this: