European Peripheral Stocks Exploded Higher This Week

Even Draghi proclaimed anyone calling the crisis over as ‘premature’ but that was ignored by the fast-money momo chasers looking for where to rotate their cash on the sidelines as US momentum fades. Greece, Portugal, and Spain stocks literally exploded higher this week:

  • Greece +7.7% – best week in 8 months
  • Portugal +4.7% – best week in 9 months
  • Spain +4.98% – best week in 16 months

Sounds right?! Efficient markets, indeed…


via Zero Hedge Tyler Durden

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