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Nicholas Vardy

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The mood of global stock markets has become more uncertain over the past two weeks. This morning, stock markets in Asia sold off on news that South Korea’s economic growth slowed sharply in the third quarter.

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For much of their history, Mongolians described themselves as “beggars sitting on a huge pile of gold.” Even Genghis Khan knew about Mongolia’s massive mineral deposits. He just had no idea how to tap into them.

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Global markets endured their first sustained sell-off since August, on news that China raised interest rates to cool its soaring economy.

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Opportunities to triple your money within six months are rare in even red-hot global markets, though your current 24.5%, 29.94% and 29.46% gains in iShares MSCI Chile Investable Mkt Idx (ECH), Global X/InterBolsa FTSE Colombia 20 ETF (GXG) and iShares MSCI Thailand Investable Market Index Fund (THD), respectively, are nothing to sneeze at.

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Global markets ended the week on an upbeat note, with the Dow and the S&P 500 gaining 1.6% and the MSCI Emerging Markets Index rising 1.76%.

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U.S. markets finally broke out to the upside yesterday, as markets soared on news that the troubled Asset Relief Program was not nearly as costly as first suspected. The debate between the bulls and the bears seems to have been resolved in favor of the bulls.

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