After a period of relative calm, the Italian elections and fight over the sequester underscore some of the structural problems facing the global economy; investors should be prepared for volatility, says Morningstar's Jeremy Glaser.
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.
The EU bailout plan could face hiccups in the short term, and long-term question marks still hang, says Morningstar markets editor Jeremy Glaser.
The overall growth picture looks quite weak, but valuations of European stocks look compelling, says Morningstar OBSR's Peter Toogood.
Economic moats, stronger growth prospects, and other advantages cause us to favor operators that both manage and franchise hotels.
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