Citi Says Europe Priced for Upgrades, 'That's a Problem'

Now it is the big swings that we've seen and rebounds this week. There is still a fair amount of net shorts, so this could be still unwinding. So perhaps short squeezes.Still short squeeze, Right. Still, though. However, given investors are really tired of trying to to play the headlines that are changing every hour, we think that now is the time to step back and say, wait a minute.Okay. So the market is now trading 3% or 2% below year to date highs when it comes to Europe. Is it fair.What is the market's p ...