Nothing will frustrate stock market bears more than European Stocks breaking out to new all-time highs!
Do you know anyone who has anything positive to say about European Equities? Are conversations you’re having and articles you’re reading preaching strength and growth out of this area? I don’t.
Prices, however, are telling a different story! Let me point you to the WisdomTree Europe Hedged Equity Fund, which prices European stocks in local currency. This is similar to the $DXJ vs $EWJ Funds in Japan.
The way I see it, this looks like a consolidation within an ongoing uptrend and most likely the beginning of a NEW uptrend, and not near the end of an old one: [Read more…]