Indiana Grain Company, LLC

Posted: 12/04/11

By: tomgrisafi

Markets will be all about Europe as we enter a new week of trading with renewed optimism on the world stage.

Hope has seemingly reached a new high over European leaders' capabilities to make the tough decisions necessary to resolve their sovereign debt crisis.

"I think the only thing that's really significantly impacting the equity and bond market here is what's going on over there, and whether it takes a tilt to the right or left depends on whether the right set of people come out of a door and start talking," Stuart Freeman, chief equities strategist at Wells Fargo Advisors, tells CNBC.

The stock market gained more than 7 percent in the past week.

"I think we could still get some lift from here," said Freeman. If Europe continues to make progress, stocks could see a "Santa Rally" as it gets closer to the end of the year and get some support into the start of the year when money goes into 401K plans and is allocated into the stock market, he said.

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