Advertisement.

Nicholas Vardy

share

Your Global Stock Investor portfolio was largely flat this week, as your currency bets stayed within a trading range. Meanwhile, most of Europe officially fell into recession last quarter.

share

There was little relief in global markets last week as they seemed to have little confidence that the G20 meeting over the weekend would offer major solutions to the current financial crisis. The Dow Jones Industrial Average ended down 5% for the week. The S&P lost 6.2%, while the Nasdaq fell 7.9%. European and Asian markets both fell about 8%. Latin America declined about 7.4%. Russia was down a whopping 25%.

share

October once again confirmed its reputation as one of the most punishing months of the year for investors.

share

Relentless negative headlines notwithstanding, there are signs that the credit crunch is definitely easing.

share

Your currency bets took a break from their relentless move upwards this week as global markets sentiment improved.

share

Global stock markets are rallying today after China unveiled a $586 billion stimulus package that investors hoped would help the world economy stave off a deep recession.

X
Are YOU Ready for the Biden Disaster Plan?
"...It's worse than you think."
—Dr. Mark Skousen