An Everything Rally in Europe Is Defying the Euro's Revenge.

(Bloomberg) -- This time round, the revenge of the euro is proving no threat to Europe's ferocious stock rebound, as the likes of Goldman Sachs Group Inc. project more gains in the region's everything rally. "The rise in the euro doesn't undermine the case for Europe", said Morgan Stanley strategist Matthew Garman in a note on Wednesday, arguing that the currency effect is minor compared to the expected earnings recovery next year. [Extracted from the article]