French bread and Italian coffee are two of the good things the United States as gotten from Europe. But now, the United States is importing a contagion over the European debt crisis, which isn’t doing investors any favors.
For the past three years, whenever stocks are about to enjoy a decent rally, new fears from over the pond waft over to spoil things. And just a hint of good news on the last trading day of the quarter, June 29, was enough to spark some enthusiasm, resulting in the biggest percentage gain for stocks in a single day all year.
Since when did U.S. investors worry so much about Greek elections and the Spanish economy?
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