Readers who've been with me since December know that I've been thinking about buying VWO as emerging market economies continue to sink. Now I also have reason to look at EFA as larger foreign economies feel the pain of this depression:
Stacks of bad news like this are nothing but good news for my continued shorting of EFA and VWO. Thanks Mr. Market! (Not to mention Senor Market, Monsieur Market, Herr Market, Market-San, et alia.)
U.S. markets are closed for today's federal holiday, so we won't find out if the S&P 500 sells off in response until tomorrow.
Nota bene: Anthony J. Alfidi is short uncovered call options on VWO and EFA.
Stocks in Europe, Asia and Latin America fell as Japan’s economy contracted the most since 1974, Britain was warned it faces the worst recession in almost three decades, the Group of Seven offered no solution to revive global growth and commodity prices sank.
Stacks of bad news like this are nothing but good news for my continued shorting of EFA and VWO. Thanks Mr. Market! (Not to mention Senor Market, Monsieur Market, Herr Market, Market-San, et alia.)
U.S. markets are closed for today's federal holiday, so we won't find out if the S&P 500 sells off in response until tomorrow.
Nota bene: Anthony J. Alfidi is short uncovered call options on VWO and EFA.
