The world has decided it must learn English. The world is buying American. We dominate films and television. We have a brain gain. France and Germany are losing their young, entrepreneurial people.
European stocks are cheap because they ought to be.
They are in sunset industries. Our society has shifted so much from the 50's Dow stocks that those companies are only a small part of our society today. Now Electrical and electronic products are the main part of our economy. This is going to accelerate. In the last ten years the largest part of our economy has been globalized.