From Trader's Narrative:

According to the Bank of America Merrill Lynch survey of managers, institutional investors are reducing their exposure to European equities as a result of the EU sovereign debt crisis. While this has hit the financial sector the hardest, there is an opportunity for savvy, long term investors to scoop up the baby that is thrown out with the proverbial bathwater.

Right now, we have the proverbial wind at our backs for an expedition through European equity markets. Well, several winds in fact. For starters, the...

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