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Nicholas Vardy

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Yesterday’s sell-off — the worst since 9/11 — caught the market by surprise.

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When I first visited the National Bank of Greece SA (NBG) in the late 1990s, it was the stodgiest player in a rather rough-hewn local Greek banking market.

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Overshadowed by the mega IPOs of Chinese banks in 2006, Korea’s banking shares fell off most investors’ radar screens last year.

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After a rip roaring final quarter in 2006, global markets treaded water for the first month or so of the year.

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Yesterday’s sell-off — the worst since 9/11 — caught the market by surprise. But the fact that it started in China was no surprise to me…

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The explosion in the use of cell phone services across the world has been one of our most profitable investment concepts at Global Bull Market Alert. Our position in global cell phone play Millicom International (MICC) is now up almost 73% since our initial recommendation.

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