Monday, February 16, 2009

Spain

There are many articles about Eastern European countries in the EU that are struggling.
Eastern Europe is about to Blow

Spain may be struggling as the Eastern Europeans are struggling.
Standard and Poor's have already downgraded Spain
Spain is suffering more than other European countries
Spain also has a very large current account deficit

Consider shorting Spain on a rally.

EWP 30.89 -.31. iShares MSCI Spain Index. 52 week range 28.63 - 65.34. 7% dividend.
SNF 4.65 +.05. Spain Fund Inc. 52 week range 4.03 - 13.80. 17% dividend. Extremely light volume.

No comments: