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Nicholas Vardy

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You may have read my piece in a recent issue of The Global Guru entitled the “Are You Crazy” Rule of Investing. In it, I discussed how that when you describe an investment to your friends, the best reaction should be: “Are you crazy?”

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Almost all of your Global Bull Market Alert positions corrected this week, as global markets took a breather. This made our decision to exit most of your option positions over the past two weeks particularly well timed.

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Although we have had an awesome run over the past few weeks, I have been growing increasingly nervous about the market’s relentless run. By all standard measures, global markets are way overdue for a correction.

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Global markets continue to rally sharply as January so far is shaping up as a very strong month.

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Your Global Bull Market Alert portfolio continues to churn out the triple-digit percentage gains as the stocks of both North American Palladium Ltd. (PAL) and Transocean Ltd. (RIG) soared yesterday.

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It’s been a big week in Global Bull Market Alert. You booked 126% profits in Sina Corp (SINA) — “China’s Twitter” — last Tuesday in just seven trading days. The stock itself is up an eye-popping 72% since my initial recommendation — soaring 16.1% last week alone. I’ll likely be recommending more options on this one, as soon as the stock takes a breather. The current high level of volatility in the stock makes the options quite expensive. Raise your stop to $69.00.

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