eatlovetrade
Long

International EAFE index fund is a buy above $60, short below it

AMEX:EFA   ISHARES MSCI EAFE ETF
efa
29 0 0
efa
This stock index which measures the performance of developed country large and mid-cap stocks , not including US and Canada has taken it on the chin in recent weeks. It's highly levered to European stocks , and therefore has been impacted by the Greece turmoil. However, supportive monetary policy in the eurozone, as well as signs of improving growth make for a more optimistic long term view on EFA             , if you're willing to brave the volatility spurred by Greece.

On a volatility basis, EFA             is still behaving relatively calmly compared to prior major volatility events in 2011, 2010 and 2008. I think that if support holds at $60 it's good buy for the long-term, and wouldn't be surprised to see money managers currently underweight Europe start to move funds back to Europe if the US earnings season falls flat and the headlines around Greece begin to recede since the worst case scenario (Greek leaving the eurozone) is close to baked into prices at this point.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out