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The market was at its recession low back then and stocks were cheap. The S&P 500 has climbed 146 percent since then, helped by a recovery in the employment and housing markets, and the Federal Reserve’s stimulus program. This year alone, the index is up 17 percent.
While Sonders believes investors should continue to focus on the U.S. stock market, Schwab has an "outperform" rating on European stocks.
Still, it’s probably too early for risk-averse investors to put money into Europe, says Alberto Gallo, head of European macro credit research for the Royal Bank of Scotland Group PLC.
If people want to invest there, they should focus on corporate or high-yield bonds from the healthier eurozone countries such as Germany and France, Gallo says.
"The large institutional investors are not coming back to the eurozone’s (struggling) countries yet," Gallo say. "The interest has been mainly (from) hedge funds. The institutional investors still see parts of Europe as too risky."
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