FLEE - Europe: The New Land Of Fiscal Responsibility

On the whole, investors are terrified of Europe. The sky-high returns of the mid 2000s ended in a catastrophic 50% collapse for which its equity markets have yet to recover. Most European indices are at the same level as in late 2005 and it seems every time investors turn bullish, the markets turn bearish. Conversely, when investors become too bearish, they are shocked by strong performance. It is my opinion that Wall Street will once again be surprised by Europe.

This performance cycle can be seen in 2009 during the liquidity crisis, 2012 during the