The market is kind of stuck. Although bias remains to the upside, there is some anxiety over the next catalyst. Fast money has been rotating out of high Beta names, but the good news is lots of that cash has skipped the sidelines, opting to be parked in blue chips. There could be a silent catalyst out there that might make the difference for stocks across the board. I like what I'm seeing in the global economy even though BRIC nations are somewhat uneven, but I really like the stuff I'm seeing in Europe. From a very macro point of view, the best stock to gauge global economic growth is Boeing (BA), which blew away consensus and surged to a new high yesterday.
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