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Want to profit from the debt scare in Greece that's shaking the market? You don't need to be a hedge fund manager to make some Fast Money, there are plenty of ways to play it through ETFs, and nobody knows the game better than Tom Lydon, President of Global Trends Investments. He's running through four ETFs and giving his take on whether you can use them to your advantage.
PowerShares U.S. Dollar Bull, which is a long dollar play: Lydon points out that it has just broken above its 200 day moving average, more money is flowing in and you can't fight the trend, he says. He thinks it's going higher.
PowerShares U.S. Dollar Bear, which is a short dollar play: There was increased volume in this ETF as well, but he thinks shorting the dollar right now is simply not the place to be.
CurrencyShares Euro Trust, which is a long Euro play: We're going to see problems with the Euro and will probably see a stronger dollar moving forward.
iShares iBoxx High Yeild Corp. Bond Fund, which deals with corporate bonds: Lydon thinks this ETF is "great" as it allows you to play junk bonds at high yields around 9.5%.
For his full analysis, check out the video!
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