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Here is a related question - at what point does buying Europe start to make sense? The yields on blue chips are starting to approach US 08-09 levels. It seems a bit earlier still but there is a lot of bad news priced into EU dividends right now

ABB 4.3%
Tesco 6.4%
FTE 12%
RDSB 4.8%
NVS 4.5%

-gunnar
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