Biotech bets: Alexion and Cephalon

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by Stephen Quickel, editor US Investment Report

Today’s market reminds us of the fable of “The Hare and the Tortoise.” In their storied race, you may recall, the cocky hare bursts far ahead and decides to rest. While he sleeps the tortoise ambles past and wins the race.

That’s precisely what this market is doing—making haste slowly. While impatient investors disdain its plodding pace, and hesitant investors wait in vain for signs of a powerful breakout, common stocks, like the fabulous tortoise, edge ever higher.