Revisiting Eurozone

(1) Earnings growth near 10% for Q2. (2) New record highs for forward revenues and earnings in US. (3) Tough year for EMU investors. (4) The case for resumption of EMU bull market in stocks. (5) TLTROs will soon provide lots more ECB liquidity. (6) Bond yields plunging and euro falling should help too. (7) Uptrends in exports to Eurozone and in retail sales. (8) EMU forward earnings bottoming, maybe. (9) EMU MSCI cheaper than US MSCI, as usual. (10) Leading indicators weaken, especially in Germany. (11) Resolution of Ukraine crisis will determine whether buying opportunity is now or in the foreseeable future.