Nicholas Vardy
The Cheapest Stock in the Cheapest Market in the World
As the performance of your holding in the iShares MSCI BRIC Index ETF (BKF) — up 22.6% since April 6 — confirms, emerging markets are hot. This week’s Global Bull Market Alert increases your bet in emerging markets with Mechel (MTL), a Russian mining and steel company, which just might be the cheapest company in the cheapest market in the world.
Global Stock Investor Hotline 11
Following a global rally that has lifted major global stock markets 20% or more since March, financial markets are treading water today as uncertainty surrounds the results of the U.S. government’s “stress tests” on 19 of the largest U.S. banks to be released Thursday.
Lock in 150% gains
With Taiwan’s market soaring over 13% over the past two trading days on the back of expectations of increasingly closer ties between Taiwan and mainland China, your September $9.00 call options (EWTII.X) on the iShares MSCI Taiwan Index (EWT) have soared 150% in just over two weeks. While I expect Taiwan to continue its upward […]
The Global Bull Doubles Up On Asia
A consensus is growing among investors that the global economy, led by the U.S., has bottomed and turned the corner toward a recovery. This expectation is reflected in the performance of stock markets over the past two months. Since March 9, the Dow Jones industrials are up 25.4% and the Standard & Poor 500 index is up 29.7%. Another positive sign? The market shook off fears about swine flu remarkably quickly as Wall Street put in its best one-month performance in nine years in April.
Global Stock Investor Hotline 10
Global stock markets are rallying today after better-than-expected data fueled hopes that the U.S. economy is showing tentative signs of a recovery. The government is expected to release a report that the U.S. economy shrank at a pace of 5% in Q1 of this year. While still extremely weak, this would be viewed as would a hopeful sign that the worst of the recession may be behind us. And although I passed several Asian tourists wearing ominous-looking surgical masks on my way into my office in London today, fears are also fading over the economic impact of a possible swine flu pandemic.
The Global Bull Takes A Breather 2
Global stock markets retreated this morning as investors worried that the outbreak of swine flu in North America could grow into a worldwide pandemic that deepens the global recession.