Ishares Inc Msci Spain Capp (NYSEMKT:EWP)

CAPS Rating: 1 out of 5

Exchange Traded Funds


Player Avatar TerryHogan (99.93) Submitted: 7/2/2013 9:34:38 PM : Underperform Start Price: $26.09 EWP Score: -9.14

This one is not a conviction call, all the bad news might be priced in, or possibly the bad news is not as bad as the news makes it sound. But the reason I'm giving the red thumb is because of unemployment. I mean with so many unemployed Spaniards out there, who's going to drive demand? It's going to take a long time for the economic python to swallow that pig of unemployment, and even if it does, it'll only result in a bad case of GDP indigestion.

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