European Peripheral Stocks Exploded Higher This Week

Tyler Durden's picture

Even Draghi proclaimed anyone calling the crisis over as 'premature' but that was ignored by the fast-money momo chasers looking for where to rotate their cash on the sidelines as US momentum fades. Greece, Portugal, and Spain stocks literally exploded higher this week:

  • Greece +7.7% - best week in 8 months
  • Portugal +4.7% - best week in 9 months
  • Spain +4.98% - best week in 16 months

Sounds right?! Efficient markets, indeed...