"Still Time to BelIEVe in IEV?

excerpts from this week's report:

"Over the past year, the big stocks of “Old Europe” have made the big (mid - MDY - and small - IJR) stocks of Uncle Sam looked rather old and tired. At 17x current earnings (versus 18.5 for the S&P 500) and a beta of .74, the companies comprising the Europe 350 (IEV) are both cheaper and less volatile than their US counterparts. The reasons are several as IEV companies benefit from a resurgent European economy as well as its trading position with the extra hot Asian economies.

Moreover, as “New Europe” continues to join the fold, a ready pool of low cost labor and potential growth market sits within the overall European border. Finally, as a competitive and geo-political force vis-à-vis the US, European countries and economies benefit from the weakness in both the US economy and dollar, not to mention its standing in the world community (thanks to the Bush Administration’s disastrous foreign policy).

Now that the market has clearly looked past the rhetoric of “Old Europe” and come to appreciate its growth potential, both domestically and globally, should investors still belIEVe in IEV? The answer from this desk is yes, but. Here are a few reasons why, beginning with the composition of the portfolio..."

also in this week's report

* Current Blue Marble Research Fed Valuation Model
* 2Q07 Earnings Update
* Model Growth Portfolio
* Key Economic Indicators

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