In case you missed it, here’s a summary of the ETF topics and market reviews I posted to my blog during the week ending on 12/18/2011.
Last week’s relief from the EU summit proved to be short lived and turned into disappointment, as it became clear that Europe’s leaders managed to come in below the already low expectations. In other words, they underwhelmed, again, and the S&P 500 dropped -2.8% as a result.
Now, infighting between the French and the British has turned this serious debt problem into a 3-ring circus. In my view, there simply is no good solution, only varying degrees of misery and pain, as severe austerity measures will eventually be met by increasing social unrest.
This week, we covered the following: