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By Jason Stipp and Jeremy Glaser | 11-19-2012 03:00 PM

Five Reasons for Investors to Give Thanks

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.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five.

Happy Thanksgiving to you. As you enjoy your leftovers today, we have five things that we are thankful for as investors--and yes, we did find five.

Here to offer the rundown is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for joining me.

Jeremy Glaser: Jason, glad to be here.

Stipp: What do you have for The Friday Five this week?

Glaser: We are going to talk about Europe, the United States [economy], housing, the market, and finally, the election.

Stipp: A lot of investors might be surprised to see Europe on this list of things we are thankful for, but things over there have quieted down in the last few months, which has given us a very much needed respite.

Glaser: Yes, it certainly has been significantly quieter than it was even over the summer, and … thanks can be given to Mario Draghi of the European Central Bank. I think he finally found a Band-Aid that was big enough to really stop the bleeding.

He said he was going to stand behind the euro, basically that no matter what he needed to do, he would do to make sure that the common currency stayed together. Now so far, he hasn't really had to act on that claim yet. Spain hasn't applied for its bailout. He hasn't been buying Spanish bonds. There could still be a potential flare-up in Greece. There are a lot of potential issues across Europe, but so far they haven't flared up yet. I think a lot of that is because people believe the ECB and believe that he was credible when he said, later this summer, that they really were going to defend it. I think this is definitely something we should be thankful for.

Could things still get worse? Yes. Are we still going to be talking about this for years to come? Absolutely. But things are quieter, and I think eliminating some of that near-term uncertainty is a huge win for investors.

Stipp: The fact that U.S. economic growth is on this list today probably says a little bit more about the rest of the world than it does about the U.S.

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