Bull Borse

[rffrydr]

"What's been behind Europe's bull run? To some extent, it was about catching up to U.S. equities. Ten years ago, the price-earnings premium for U.S. stocks vs. European stocks was about 30%, says Jonathan Stubbs, a European equity strategist with Citigroup in London. Now, that premium has narrowed to just 15%."

The currency factor is there big time (though dollar selloff helped kick this off in 030

http://www.businessweek.com/globalbiz/content/aug2006/gb20060801_362227.htm?campaign_id=eu_Aug2&link_position=link16

[rffrydr]

Surprising growth. This may be the neglected asset, more than US large cap. The money's flowing:

http://za.today.reuters.com/news/newsArticle.aspx?type=businessNews&storyID=2006-08-14T084843Z_01_BAN431710_RTRIDST_0_OZABS-ECONOMY-EUROPE-20060814.XML