It's because a fear of Europe's problems has led investors to U.S. stocks which are safe by comparison. "The heart of the issue is the rest of Europe — and the next domino to fall — which is Italy," he added. "You can ignore one small country, but you can't ignore (the European Union), the second-largest economy in the world." Story: Mediocre earnings, stocks too pricey — so what?
It's because a fear of Europe's problems has led investors to U.S. stocks which are safe by comparison.
ReplyDelete"The heart of the issue is the rest of Europe — and the next domino to fall — which is Italy," he added. "You can ignore one small country, but you can't ignore (the European Union), the second-largest economy in the world."
Story: Mediocre earnings, stocks too pricey — so what?