THE PAIN IN SPAIN…

Here’s a really incredible chart.   Do you follow the Spanish stock market?  Yes, me neither.  So I was surprised to notice this incredible chart of the pain in Spanish equities.  Despite recovering briefly in 2009 they’ve been on a perpetual downward spiral ever since.   The IBEX 35 now sits just 6% above the March 2009 panic low and a staggering 50% below the 2007 highs.   Incredible.

 

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Cullen Roche

Mr. Roche is the Founder of Orcam Financial Group, LLC. Orcam is a financial services firm offering research, private advisory, institutional consulting and educational services.

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