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Nicholas Vardy

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With the Dow breaking record highs and the U.S. markets up for four consecutive weeks, global markets have recovered strongly from the February swoon.

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With the Dow breaking through 13,000 for the first time this week and the Korean market hitting record levels, it’s time to take some well-earned profits.

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Overall, global markets continued their recovery this week. The combination of dollar weakness and a “decoupling” of the U.S. economy and stock market from the rest of the world mean that 2007 is shaping up to be another strong year for global stock markets. Five out of seven of our positions are profitable, with most profits ranging between 7.36% and 12.96% in a little over two months. MICC is up 0.25% since we bought it slightly more than a week ago.

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Long time Global Bull Market Alert subscribers know that one of my favorite top down themes in global stock markets is the boom of mobile telecommunications.

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It was a strong week for our Global Stock Investor portfolio with all of our positions moving up during the week. Four out of our six positions are now showing a profit. Since our initial recommendations, Sweden (EWD) is up 12.91%, and last month’s pick, Tesco (TSCDY) is already up 8.14% in less than four weeks.

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One of the big surprises this year has been the strong performance of European equity markets.

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