Which ETFs Could Suffer from Latest Euro-Zone Downgrades?
January 19, 2012 at 12:30 PM EST
If you’re a regular reader of Money and Markets, you weren’t surprised last Friday when Standard & Poor’s downgraded the sovereign debt of nine European nations. I’ve been expecting it, as have Martin Weiss, Mike Larson and our other editors. My main question: What took them so long? The bigger news came Monday when S&P also downgraded the European Financial Stability Facility (EFSF). EFSF is the mechanism that was supposed to save the euro zone’s unstable members. Now will the rescuer itself need a rescue? If you still have any ETF exposure in Europe, now is a good time to review your risk profile. Intermission is over and the curtain is going back up. Another Look at BUNT . . . → Read More: Which ETFs Could Suffer from Latest Euro-Zone Downgrades?