EuropeanPeripheralStocksExplodedHigherThisWeek
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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% – bestweekin 8 monthsPortugal +4.7% – bestweekin 9 monthsSpain +4.98% – bestweekin 16 months

Sounds right?! Efficient markets, indeed…

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