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When in Doubt, Zoom Out
The Compound and Friends
Credit Swiss: The Second Largest Component of the European Financials Index
This is the second largest component of the European financials index. The UBS is going to spend the next two years digesting this credit Swiss acquisition. I think we break out soon, actually. It's Wall Street strategist stick to cautious equity view. Their S&P 500 target points to most bearish second half outlook on record. They'd rather lose money and lose money for their huge clients than admit that they're wrong because they're cozy little lifestyle and job is more important.
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