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Spain’s inverse inquisition

Europe in reality check mode today. Our readers know The Trader has been rather pessimistic on the Spanish economy and the Spanish markets for the past year. Ibex is currently trading down 3%. The low close in 2009 was at 6820. Are we taking out this level today? Still they tell you equities are good long term.

European dog charts below.

Stoxx 50.

IBEX

MIB

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