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European Markets , Social Mood , Economy

(Not a Typo) "Europe Has Been in a Bear Market for 20 Years"

by Murray Gunn
Updated: May 08, 2020

How investors feel is how they behave.

That may seem obvious, but the financial press constantly tells you the opposite: It's the stock market behavior, say the pundits, that's affecting how investors feel.

The reality is that stocks reflect investor psychology. How investors feel is how they behave. In fact, the stock market is a good barometer for how the entire society feels.

With that in mind, consider that one key European stock index is still trading below its high from 20 years ago. That speaks volumes about Europe's social mood -- and the future of the European Union.

Watch our Head of Global Research explain the implications. Ede

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