Tuesday, June 15, 2010

Europe Outperformance

Europe got so beaten down this year relative to others that it is bouncing back the strongest of the major world indices.  It doesn't mean Europe's bottomed, but it probably means this rally has more legs than those others over the past few weeks.  Of course, we have another gap up today, and panicky longs who sold at the close will look to buy back higher at the open. 

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