Global stock markets regained their footing this past week, as all but one of your positions in your Global Stock Investor portfolio ended higher.
Overall, it was a strong week for your Global Bull Market Alert portfolio. All of your positions except one were up, including Mechel (MTL), jumping 11%, National Bank of Greece (NBG), climbing 5.2%, and China North East Petroleum Holdings Ltd (NEP), rising 4.88%.
Global stock markets pulled back sharply for most of the past week and then rallied strongly yesterday.
Indian outsourcing was all over the headlines a few years back. Then came the “Great Recession,” and the entire sector seemed to collapse — along with the shares of the Indian companies that were the global leaders in the sector.
Global markets spent this past week consolidating. Since bouncing sharply after the sell-off in January, you have been re-entering the market gradually. You now are almost fully invested and well-positioned to profit from further market rallies.
Global markets have reached a critical juncture. After January’s head-snapping sell-off, many stocks are now back up to the levels they were before the pullback. The critical question is whether they will continue their upward momentum.