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Wow! Great news! The markets are back up because the European crisis is over!
What a deal! And so easy! Who knew?
The headline said it all. "Stocks bounce back as worries ease about Europe,"? said Reuters. They picked it up at Yahoo Finance (as a headline, it sure beat, say, "Yahoo stock shows a pulse after CEO is canned"?) and it went everywhere.
There must be something wrong with me. Really. I think I need to see a specialist. Because when I read the headline and I saw the Dow /quotes/zigman/627449/delayed DJIA -0.71% bouncing because of "easing worries"? about the European debt crisis, I started to have the strangest feeling.
Call it déjà vu.
Euroview: Stocks, the euro and Angela Merkel were relieved Tuesday by a court ruling in favor of the legality of Greece's 2010 bailout.
Or maybe just call it flashbacks.
So I logged in to Factiva, Dow Jones' news cutting service. And I did a search over the past two years for headlines containing the phrases "European debt"? and either "fears ease"? or "worries ease."?
Blam! Flashback!
"Before the Bell: US Stock Futures Up As Euro Debt Worries Ease,"? wrote Dow Jones Newswires"? eight months ago.
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