Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

The Worst Is Behind Us In Europe

|Includes:ProShares UltraShort Euro ETF (EUO), EWG, EWI, EWP, SAN

I know the collpase of Europe is a highly attractive investment case for many but at the risk of getting insulted...here are a couple of Charts illustrating why Mario Draghi is right. From a sovereign perspective, the Worse is behind us in Europe. The ONLY caveat is SPAIN on which we have extensively written. The worries are justified but it is a BANKING crisis and could be solved Irish style. Regarding GREXIT, if it does happen, I very much doubt it will be disorderly. The contagion fears in my opinion are unfounded.

  • Italy's 10 year yield

  • Ireland 10 year yield

  • France 10 year yield

  • Portugal 10 year yield

  • Spain 10 year yield

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: EUO, EWP, EWG, EWI, SAN