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A crumbling Europe tests America's foundation

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The market has seen a recent upswing thanks to a recently announced round of bond-buying by the Fed and the European Central Bank. Strategist based their forecasts on such an action by the banks, not on an organic turnaround. This puts the run-up on a foundation built from sentiment rather than fundamentals. The trouble with sentiment is that it can quickly change—even turn violent—as have the protesters in Spain and Greece.

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