Nicholas Vardy
A Volatility Trampoline
The markets continued last week’s volatile ride into this week. Major U.S. indexes pulled back sharply at the end of last week, but they opened this week bouncing off of their recent lows. I believe we are seeing a classic case of a panic, followed by a bargain-hunting bounce, followed yet again by a re-test […]
Making a Mint on the “McDonald’s of Latin America”
After apparently stabilizing at the beginning of last week, global markets once again took a turn for the worst by selling off sharply on both Thursday and Friday. I believe that this is a classic case of a panic, followed by a re-test of previous lows. You normally see a one to three-day rally from […]
The Calm after the Storm?
After a ferocious week, it’s still unclear whether this week’s trading is a “calm after the storm,” or whether last week was “a preview of coming attractions.” Whatever turns out to be the case, last week’s U.S. market action was unprecedented. In terms of market breadth, last Monday’s market drop was the worst performance since […]
Betting on a Bounce
Last week was one of the most remarkable weeks in U.S. stock market history. It wasn’t just that the U.S. debt was downgraded by Standard & Poor’s for the first time ever since 1917, when Moody’s started the whole sovereign rating game. Nor was it because of an unprecedented market crash. In fact, […]
Taking Double-Digit Percentage Profits on CROX — and Holding on Tight
What a week it’s been… The S&P 500 plunged 7.15% while the MSCI Emerging Market Index plummeted 9.62%. Almost a trillion dollars was wiped off of the benchmark S&P 500 Index alone. With a 500-point-plus nose dive in the Dow Jones on Thursday, this drop in the U.S. markets was the worst since November 2008. […]
The Pen Really is Mightier than the Sword
Two wars, massive debt, homeland terrorism, hurricane/tornado devastation — it seems that nothing actually could bring the United States of America to its knees. Yet, with a single credit rating-lowering pen stroke, the strongest nation on Earth could sustain a blow arguably more devastating than all of these incidents put together. It would seem that […]