Exploit a Bit of Aussie Chaos
This commentary originally appeared Feb. 23 at 11 a.m. EST on ETF Profits -- to access all the strategies from our team of ETF professionals, click here.
I've always loved the investing tenet reflected in the mantra "crisis begets opportunity," and one certainly seems to have presented itself in Australia this week. The abrupt resignation of foreign minister Kevin Rudd has suddenly spooked investors, as it closely follows last week's call by Prime Minister Julia Gillard for a leadership ballot amid declining popularity for the Labor Party government. The ballot is an effort to clear the air and nominate a clear leader ahead of elections next year -- but, throw in some name calling and speculation over where key alliances where fall, and the move had all the makings of a good old-fashioned political soap opera....321 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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