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European shares close at a one-month high, with banks and miners among the biggest gainers....

European shares close at a one-month high, with banks and miners among the biggest gainers. Analysts pointed to improving consumer sentiment, strong indications ahead of Q2 earnings season - and a lot of short covering.
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  • positivethoughts
    , contributor
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    Stock buyers have to be the most optomistic bunch of human beings on the planet to believe that Europe's near term is positive. Every European country is swimming in debt and their austerity plans consist of REDUCING THEIR DEFICIT. That's right, not running a balanced budget, not paying down debt, simply cutting their overspending compared to the bloated amount before.

     

    That's like a meth addict tooting his own horn by proclaiming that he only uses the drug on Mondays, Wednesdays and Fridays instead of every day of the week like before.
    14 Jun 2010, 01:59 PM Reply Like
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