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US Stocks—Wall St. seeks direction, industrials higher

September 13, 2011

Large-cap stocks that pay dividends are viewed by some as relatively safe from market risk. "There are two theories: the idea that stocks are overvalued, given global issues that could signal another recession, and the idea that stocks are cheap by historical standards," said Brian Battle, vice president of trading at Performance Trust Capital Partners in Chicago. "We're going to wrestle around and remain range-bound until we figure out which theory is true."

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