Greece is doing a number on the euro and that, plus a general decline in markets, has the eurozone ETF sinking below its 200-day moving average.
Here's the Athens composite index. Notice the 50-day has crossed the 200-day.
Here's iShares Spain (EWP) crashing through its 200-day. Spain is a bigger threat to Europe and the euro because it is a much larger economy than Greece and still has a housing bubble.
I have no idea what will happen next week, but it seems Greece is coming to a head. Once bailout rumors begin, they can only be stopped by very forceful action. Words will no longer satisfy the markets.
Keppel DC REIT Distributions Drop 13.7% and More Asia Real Estate Headlines
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The challenges of what was once Asia’s hottest listed trust lead today’s
roundup of real estate headlines, with Keppel DC REIT announcing a dip in
distri...
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