---

“Clearly we know that the PIGS countries are called the pigs for a reason — that being that there’s too much debt on their respective balance sheets and that they’ve over-levered themselves,” said Kevin Mahn, president of Hennion & Walsh Asset Management. “The dark clouds that persist over Europe … Italy and Spain coming to the forefront again yesterday, and then the looming round two of the fiscal cliff as relates to spending cuts and potential sequestration.”

Click here to read the entire article.