Nicholas Vardy
A “Contrarian” Bet on U.S. Homebuilders
It was yet another lousy week in global stock markets, with the Dow Jones down 1.80% and the S&P 500 tumbling 2.11%. The MCSI Emerging Markets Index continued its relentless fall, tumbling another 4.83%. The sole bright spot in your portfolio was Sony (SNE), which ended the week up 2.52%. As uncomfortable as the recent […]
How I’m Playing Mr. Market’s Moodswings
Global markets rebounded this week, with the Dow Jones rising 1.30% and the S&P 500 up 1.58%. Even the MSCI Emerging Markets Index joined the party, ending the week 1.16% higher. Big gainers in your Alpha Investor Letter portfolio included iShares MSCI Ireland Capped Investable Market Index (EIRL), jumping 2.47%; Visa Inc (V), up 2.42%; and Google […]
The Global Guru: Go Big, Go Bold: Bet on Emerging Markets
Emerging markets have been a bust so far in 2013. While U.S. stocks have soared this year, the largest emerging market exchange-traded funds (ETFs) have fallen off a cliff over the past month or so. The iShares MSCI Emerging Markets Index Fund (EEM) is down 10.55% since the start of 2013. That compares with gains […]
(Relatively) Smooth Sailing through Global Market Turbulence
U.S. stock markets corrected for the fourth straight week. The Dow was down 1.17% and the S&P 500 dropped 1.01%. But it has been the global markets that have been hit especially hard, with the MCSI Emerging Markets Index tumbling yet another 3.39%. This index is now down a whopping 13.39% year to date. Overall, […]
The Global Guru: How a Dead Paleontologist Explains Soros’ and Buffett’s Fading Returns
George Soros’ investment track record has made him the equivalent of a .400 hitter in baseball. Yet, in a decade that has been lousy for all investors, even the “Grandaddy of Hedge Fund Managers” has had it tough. Indeed, 2010 was Soros’ worst year since 2002, with his flagship fund up a mere 2.63%. The […]
Back into Japan — And Putting Risk Back on
It was a volatile, if mixed, week in global markets last week. The S&P 500 rose 0.78%, and the NASDAQ recovered 0.38%. The MCSI Emerging Markets Index continued its remarkable weakness, ending the week down 1.23%. Big gainers in your Bull Market Alert portfolio included Delphi Automotive (DLPH), up 3.26%, and Melco Crown (MPEL), jumping […]