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%

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Disclosure Statement: ETF Expert is a website that makes the world of ETFs easier to understand. Gary Gordon, Pacific Park Financial and/or its clients may hold positions in ETFs, mutual funds and investment assets mentioned. The commentary does not constitute individualized investment advice. The opinions offered are not personalized recommendations to buy, sell or hold securities. At times, issuers of exchange-traded products compensate Pacific Park Financial or its subsidiaries for advertising at the ETF Expert website. ETF Expert content is created independently of any advertising relationships. You may review additional ETF Expert at the site.

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