Brian Kelly Wants To Profit On European Problems

Brian Kelly said on CNBC's Fast Money that you should be short on this market, or you should be in cash. He thinks that European banks are experiencing a lot of difficulties right now. For example, Austrian banks have a lot of loans in Hungary and Brian Kelly believes that you can profit on that with a short position in iShares MSCI Austria Investable Market(ETF) EWO. Italian banks have similar problems, so you can short them too. U.S. banks have close ties to European banks, and it was not surprising to see financials trading down today. Mr. Kelly is a buyer of gold and Treasuries in this market.