- Europe is the "largest emerging market in the world," says Carlyle's (CG -1%) David Rubenstein, holding court at the SALT conference in Vegas. The old East-West divide, he says, is now a North-South divide, but overall things are in "reasonable shape," and the pricing is attractive.
- Asked about David Tepper's nervousness, Rubenstein allows there's a bit of froth in markets, and notes half the deals getting done right now are P-E firms selling to each other. Prices aren't necessarily through the roof, but leverage is being ratcheted up.
- Europe equity ETFs ETFs: VGK, FEZ, DFE, IEV, EPV, EZU, HEDJ, GXF, GUR, FEU, FDD, FEP, ESR, UPV, ADRU, FEEU, EURL, EUDG, EURZ, DBEU, FIEU
at Investor's Business Daily (Wed, 12:38PM)