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Europe Is Looking Better!

Just when I counted Europe out it is looking better and better each day. Sure, the unemployment situation is appalling, but confidence seems to be returning. Check out a chart of the DAX and you'll see there has been a strong rally over the past 2-3 weeks. On top of that peripheralbond yields have been dropping. Finally, we've seen a few robust industrial and manufacturing production numbers come out as of recent...

It is way too early to say Europe is out of the woods but things are indeed looking positive at the moment.