It follows that we may certainly attribute the ridiculous volatility to mechanized trading/opportunistic hedgies/"dark side" short-selling. However, there are genuine reasons for the selling pressure as well.
Here, then, is a list of ETFs that have taken the biggest hits, along with the performance of the ETF that tracks the S&P 500, for comparison purposes. The names shouldn't surprise you. Most of them represent the areas with the most exposure to the eurozone debt disaster.
Exchange-Traded Funds That Tanked Over Past Five Trading Sessions
- iShares DJ Regional Banks (IAT) -9.3%
- SPDR KBW Bank (KBE) -8.8%
- SPDR Emerging Europe (GUR) -8.7%
- iShares DJ Home Construction (ITB) -8.3%
- Market Vectors Poland (PLND) -7.6%
- iShares MSCI Turkey (TUR) -7.2%
- iShares MSCI Austria (EWO) -5.1%
- iShares MSCI Germany (EWG) -4.9%
- SPDR S&P 500 (SPY) -1.6%