Nicholas Vardy
GLOBAL STOCK INVESTOR HOTLINE UPDATE 74
Even by the standards of Wall Street’s most seasoned investors, the recent volatility in global markets has been remarkable. During the past month, both of the world’s largest financial institutions and the world’s biggest commodity stocks exhibited volatility more characteristic of Internet companies at the tail-end of the dotcom collapse.
Profiting from the Coming Collapse of the Euro
The weak dollar has dominated headlines for so long that it is hard to recall a time when the greenback wasn’t the world’s most-hated currency. Everything from creeping federal deficits, loose monetary policy to American consumers’ consumption frenzy has been blamed for the dollar’s woes. Foreign governments have even threatened to sell out of dollars altogether, threatening the dollar’s status as the world’s reserve currency. Conversely, the euro — hardly a decade old — was positioning itself as the natural successor to the embattled greenback.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 73
George Soros’ favorite Latin American cell phone play, NII Holdings (NIHD), continued to be the top performer in your Global Stock Investor portfolio this week, soaring 6.16%. Transocean (RIG) also is likely to move today after this morning’s announcement that it doubled its Q2 profits and beat earnings estimates yet again.
The Global Bull Gobbles up a Turkish Delight
A glance at the performance of global stock markets in 2008 makes for sobering reading. Almost every single global stock market is down this year. But dig beyond the headline numbers and you’ll find that "there’s always a bull market somewhere." Last month, it was the Turkish stock market that bucked the negative trend. While most global stock markets grappled with the aftermath of the global credit crunch, this week’s Global Bull Market Alert pick — the iShares MSCI Turkey ETF (TUR) soared 23% in July. But with the Turkish index still down 27.4% year-to-date and 13% during the past year — and recent developments considerably reducing the political risk in Turkey — it’s not too late to board the Turkish investment train.
GLOBAL STOCK INVESTOR HOTLINE UPDATE 72
The top performer in your Global Stock Investor portfolio this week was Reston, Va.-based NII Holdings (NIHD), which soared 10.7% after announcing better-than-expected earnings. Following in the footsteps of Alpha Investor George Soros, who spotted this turnaround play at the end of last year, is paying off.
Booking 43.33% Profits on Last Week’s Bet Alongside George Soros — The Global Guru Abused As a Tool of Vladimir Putin’s Russian Propaganda Machine
Last week’s George Soros’ bet on the recent sharp rally in the Indian stock market could not have been better timed as the Mumbai SENSEX rose nearly 19% in five days on lower oil prices and victory of pro-market reforms in parliament. With your options in the WisdomTree India Earnings (EPI) up 43.33% in a mere five days, take profits on half of your options here. Hold on to the ETN and the rest of your options.