The Italian job

Just when investors thought it was safe to get back into equities, the euro-zone crisis returned with a vengeance last week, with Europe's benjchmark Euro Stoxx 50 dropping 3 per cent on February 26, its worst daily loss since mid-2011. The severity of the correction following Italy's shock election results suggests the bulls were caught by surprise.

The question now becomes whether the equity bulls can recover their poise and continue to buy; or whether the "Italian job" has fatally undermined their carefully constructed optimism.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1173365/italian-job