Nicholas Vardy
A GIFT FROM MR. MARKET
According to mega-investor Warren Buffett, it’s best to view “Mr. Market” as your partner in the investment business. Without fail, Mr. Market appears daily and names a price at which he will either buy your stocks or sell you his. But Mr. Market also suffers from debilitating mood swings. At times he feels euphoric and sees only blue skies on the horizon. When he’s in that mood, he names a very high price for what he’s selling. At other times, he is depressed and can see nothing but trouble ahead in the world. On these occasions, you can buy his wares at fire-sale prices.
RAISING THE TITANIC
Last year, Business Week magazine compared Sony CEO Sir Howard Stringer’s task in turning around the ailing Japanese consumer electronics giant to “raising the Titanic.” After taking the reins last March, few outsiders gave the joke-cracking Welshman much chance of quickly reversing Sony’s fortunes and bringing Sony’s brand into the digital-age.
ANOTHER 143% PROFIT!
Just a week ago you booked a 143% profit on your remaining America Movil (AMX) options. This week, book ANOTHER 143% profit by taking profits on your remaining options of Gold Fields Limited (GFIGX.X). The stock is red-hot, up over 20% since our original recommendation two weeks ago.
A SHINY PROFIT IN GOLD
The market has taken a shine to the sixfold increase in profits that Gold Field Inc. (GFI) announced last week, and has bid up the stock 15.5% since we recommended it two weeks ago.
A STEALTH BULL MARKET
While the globe’s economic elites meeting in Davos were heaping praises on China and India last week, Brazil complained that the world is ignoring its own laudable economic achievements.
FIESTA IN MEXICO
While Dow 11,000 is still a ways off, the Mexican stock market (the Bolsa) hit record highs yesterday, quickly shaking off last week’s market jitters.