iShares MSCI Europe Financials ETF (EUFN)

(A Top Pick July 24/13. Up 15.16%.) It was the US banks that led the market into the drink, and it was US banks that brought the market out in 2011-2012. So he expected that the European banks would be the leaders as well.

It was the banking crisis that we haven’t seen since the 20s that created the whole European mess. Areas that had strong banking systems, Canada and Australia, got through very well. In the US, the banks started to turn and the S&P 500 followed suit. He thinks the same thing will happen in Europe.