Investing: Buy Foreign!

The U.S. is leading a global recovery that will spread to many overseas stocks

Once again the U.S. is pulling the world out of a slump. If form holds, emerging markets, Asia and Europe will play follow the eagle. So if you've been sitting on your thumbs while the Dow has soared 27% since mid-March, don't compound the error by piling into U.S. stocks now. Instead, get in on the recovery rally overseas.

Stocks of economically sensitive U.S. companies--like those in retailing, advertising, construction and technology--have risen as much as 40% since the start of summer. That run reflects expected strong growth through the next three quarters. Yes, these stocks can rally more if the...

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