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Ripit
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  • Spain is the leader 2 comments
    Apr 27, 2010 10:07 PM | about stocks: EWP
    Spain ETF EWP has been having a very rough time. EWP is at a critical support level here and I think will be in for some big trouble if it breaks down. Out of the country specific ETFs that I look at, this one is in the worst shape.
    Themes: Spain, portugal, greece, europe Stocks: EWP
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    Spain will come out fine. It is not like Greece or Portugal. For anyone who really want to know Spanish Economy is pretty strong.

    The market will pick up soon breaking this recent decline.
    27 Apr 2010, 10:57 PM Reply Like
  •  
    Ripit I do know technically the charts speak clearly.
    But I do know the substance of Spanish markets and after this bulldozer of perception that Europe is going to liquidate, things may remain shaky.
    What I meant is that comparing Spain to Greece or Portugal is a bit naive. Even though your technical reading was pretty fine.
    But I meant it for a slightly long or intermediate term.

    This avalanche of negativity will end in a month.
    6 May 2010, 10:35 PM Reply Like
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