Nicholas Vardy
GLOBAL STOCK INVESTOR HOTLINE UPDATE 86
While global stock markets swing wildly in search of direction, your Global Stock Investor positions continue to thrive.
Your Currency Bets Soar to Record Highs — Yet Again
Your currency bets clocked record gains last week, as global currencies recorded one of their sharpest moves ever. The Market Vectors Double Short Euro ETN (DRR), Direxion Funds Dollar Bull 2.5x Fund (DXDBX), and the CurrencyShares Japanese Yen Trust (FXY) all hit record highs, and are now up 30.55%, 20.60%, and 12.08%, respectively, even as global stock markets continue to get pummeled. Your position in the CurrencyShares British Pound Sterling Trust (FXB) hit a record low — which means a gain of 9.42% for your short position — as the British currency had one of its worst weeks ever.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 85
While global stock markets continue to seek direction, your Global Stock Investor positions continue to thrive. Two of your Global Stock Investor holdings hit record highs this week. The Direxion Funds Dollar Bull 2.5x Fund (DXDBX) soared 10.15% in the very first week in the portfolio to $41.76. Tighten your stop to $37.50.
Your Currency Bets Hit Record Highs — And a Leveraged Bet On a Short-Term Bounce
After continuing their remarkable volatility this past week, global markets ended the week just about where they started. Your defensive position in four currency positions — long on the U.S. Dollar and the Japanese yen and short the euro and the British pound sterling — continued to work as advertised, even as global stock markets thrashed about. Both the Direxion Funds Dollar Bull 2.5x Fund (DXDBX) and the Market Vectors Double Short Euro ETN (DRR) hit record highs on Friday.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 84
It’s been yet another week for the history books. Last week turned out to be the worst week for global stock markets since 1929. But after eight straight days of losses, many global markets rallied to have their best day ever on Monday.
Batting 1.000 In The Worst Global Market Crash Since 1929 And Taking 55% Profits On The Soaring U.S. Dollar
Global stock markets plunged last week, their drop matched only by the falls during the Great Crash of 1929. Last week, Tokyo was down 24.3%, Frankfurt dropped 21.6%, London fell 21.1%, and New York dropped 18%.