Is this a proxy?
"IBM's earnings are healthy, but the company has struggled to grow its revenue. The debt crisis in Europe weighed on IBM's sales in that region, which fell 9% compared to last year. That's a worrisome sign: As one of the biggest tech companies in the world, IBM typically serves as a bellwether for the technology sector and the global economy."
http://money.cnn.com/2012/07/18/technology/ibm-earnings/index.htm?iid=HP_LN Is IBM a proxy?