3 Ways To Trade The Greek Election Results
By Sammy Pollack:Late Sunday, election results from Greece showed that the pro-bailout New Democracy party had won the election by a narrow margin. So far, the global markets have responded very well to the news. As I write this, Japan's Nikkei is higher by more than 2%, the euro (CurrencyShares Euro Trust ETF: FXE) is higher by nearly 1%, and U.S. equity futures are sharply higher. While this news will certainly have an impact on almost all markets, the impact will be felt most in the names mentioned in this article.Global X FTSE Greece 20 ETF (GREK)This ETF should move sharply higher as the election news is likely to send Greek stocks surging. GREK is a good way to play the election for investors who want broad exposure to Greece. However, investors should be aware that GREK is a small fund with a market cap of just $4.7 million andComplete Story »
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