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Spanish 'Car Crash' About to Happen: Strategist

Friday, 20 Jul 2012 | 3:30 AM ET

"I don't think the market has much left in it, it is one of those moments when you have bull fighting an elephant, the elephant is draped in Spanish colours and the Bull in US colours, I think the elephant is going to win that fight in the short-term," European equities are overheated Rob Quinn, chief European equity strategist at S&P Capital IQ, told CNBC.