In secular bull markets, an investor should search for assets that offer relative returns -- stocks and funds that will perform better than the market averages.
We simply must pay attention to what Spain has done this week. What we will find may be considered a tipping point when the crisis is analyzed by some future historian.
Since Spain is going to be on the front page for some time, it will be useful to look at some of the problems it is facing, to put it all into context. And what John Mauldin heard while in Europe in private meetings is troubling.
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