Opinions
Larry Berman CFA, CMT, CTA
iShares MSCI Spain ETF
EWP-N
DON'T BUY
Mar 10, 2014
$40.570
Stock price when the opinion was issued
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Tradable but we haven’t made a long-term investment bottom because there are problems coming. It could take up to 3 years and could be an interesting place to invest. Europe is coming back, but it is not fixed by any stretch of the imagination. He feels that within the scope of the next 5 years, Spain breaks off from the euro. 28% unemployment, almost 60% unemployment for youth under 25. You can’t fix that and have them stay in the euro to his way of thinking.