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The Wall Street Greek blog is the sexy & syndicated financial securities markets publication of former Senior Equity Analyst Markos N. Kaminis. Our stock market blog reaches reputable publishers & private networks and is an unbiased, independent Wall Street research resource on the economy, stocks, gold & currency, energy & oil, real estate and more. Wall Street & Greece should be as honest, dependable and passionate as The Greek.


Seeking Alpha

Saturday, July 04, 2015

Sell Spain - The Leftists are Coming!

Some pundits believe that any sort of closure for the Greece issue is a plus for Europe, whether the place and people from which Europe got its name stays in the eurozone or leaves it. But there is one European market sector that I do not see a positive outlook for either way. Spain looks to be the next Greece because of a political circumstance similar to what occurred in Greece before the current crisis heated up. I suggest investors sell the iShares MSCI Spain Capped ETF (NYSE: EWP) and Spanish stocks generally, because of a succession of political victories that too closely resembles what happened in Greece. I believe it will lead to division between Spain (perhaps emboldened now by Greeceā€™s display of strength) and more progressive economies to the North. See more on investing in Spain. This article also interests iShares Europe (NYSE: IEV), Vanguard FTSE Europe (NYSE: VGK), WisdomTree Hedged Europe (NYSE: HEDJ).

Please see our disclosures at the Wall Street Greek website and author bio pages found there. This article and website in no way offers or represents financial or investment advice. Information is provided for entertainment purposes only.

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