Is The European Grass Greener?

Euro stocks are not a slam dunk

With the U.S. economy entering a sharp slowdown and the euro up 14% against the dollar since late October, many Wall Streeters are putting more money into European equities while lightening up on U.S. stocks. Joseph P. Quinlan of Morgan Stanley Dean Witter warns, however, that many big-cap U.S. companies may be a better bet than their European rivals.

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