The European Central Bank has helped soothe short-term sovereign debt worries in Europe, but long-term competiveness must be improved for the crisis to fully fade away, says Morningstar's Dave Sekera.
There's no shortage of concerns for investors, but a recent reprieve in Europe, decent domestic growth (relatively speaking), double-digit stock gains, and a reviving housing market are worth an ounce of appreciation.
The overall growth picture looks quite weak, but valuations of European stocks look compelling, says Morningstar OBSR's Peter Toogood.
European stocks are pricing in a real Armageddon, and if that Armageddon doesn't occur, you'll have fairly decent returns, says author Bill Bernstein.
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