The four ETFs that track Israeli stocks have been shorts for nearly the past two years. Current events have accelerated the downtrend. Moody’s has cut Israel’s credit rating, and S&P predicts negative economic growth for the country. Clearly, Israeli stocks are going fall further and get cheaper. So this becomes the investing/trading question:
“At what point does one begin to nibble?”
The four ETFs are EIS, IZRL, ISRA, and ITEQ. Here’s the link to the Moodys comment.
