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Some European sovereign CDS moving to local wides

|Includes:DIA, EUSA, EWG, EWP, GABC, GF, GRE, IWB, IWM, ONEQ, QQQ, SDOW, SDS, The Ibero-America Fund, Inc. (SNF), SPXL, SPXS, SPY, SSO, UDOW, WFVK

Credit default swaps on Spain and Germany, in particular, are moving closer to or surpassing their local wides.

Disclosure: long all stocks

Stocks: SNF, EWP, EWG, GF, GABC, EUSA, SPY, DIA, IWB, IWM, WFVK, ONEQ, QQQ, GRE, SDOW, UDOW, SSO, SDS, SPXS, SPXL