Quarterly reports suggest that Europe is coming back on line -- right as the U.S. becomes worse for business.
The region's markets have been runaways since the bottom in the S&P 500.
This is undeniable after last week's conference calls. So many businesses and their CEOs noted that Europe has stabilized and is improving.
Proximity to new oil and natural gas sites is drawing interest from abroad and fueling the city's economic and population growth.
Sure, there's plenty of bad -- but there is good afoot, too.
This isn't to suggest it'll rebound. But it may just stay at this level -- far better than further deterioration.
The only truly inexpensive areas are tech, industrial and finance -- and they all remain despised.
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