Do you know the acronym BRIC? That would be Brazil, Russia, India, and China-coined by the new CEO of Goldman. Check out the world in this somewhat lengthy report from Fortune .
The stock market measured by the Dow Jone Industrials broke out big time to the upside yesterday. Semi conductors and basic materials are leading the way. The only thing I see wrong in all this is a too weak US Dollar which may well break its multi year low at 80 on the Dollar Index.
Still, a great article.
Professor Elam 
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