Goldman to Citigroup Calls Left in Dust by European Stocks
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Europe’s largest stock rally in five years has left even the biggest bulls looking like bears.
Four gains in the past five days pushed the Stoxx Europe 600 Index above its peak from June 2007 on Thursday and to the highest close since 2000. The advance, at 17 percent for the year, pushed the gauge closer to its all-time high in March 2000 -- and above the forecasts of all 12 strategists surveyed by Bloomberg in January. The Stoxx 600 rallied 0.8 percent on Friday, closing 0.4 percent from the record.