Nicholas Vardy
Taking a Flyer on an Airline Stock
U.S. stock markets ended the holiday-shortened week higher with the Dow Jones up 0.31%, the S&P 500 rising 0.24% and the NASDAQ climbing 0.35%. The MCSI Emerging Markets Index gained 0.79%. Your sole position in ULTA Salon, Cosmetics & Fragrance, Inc. (ULTA) gained 4.67%, crossed back above its 50-day moving average and is now back […]
Markets Steady, Buffett Remains Calm
Thanks mostly to yesterday’s rally in the stock market, this marked the second consecutive positive week for global markets. The Dow Jones rose 2.70%, the S&P 500 gained 2.90% and the NASDAQ jumped 3.79%. Even the MCSI Emerging Markets Index ended the week 1.94% higher. Big gainers in your Alpha Investor Letter portfolio included The […]
The Global Stock Market Washout
Last week, I discussed how BRIC investing went bust. Well, as it turns out, I may have unfairly picked on the BRICs. After all, investors everywhere on the planet are having a rough time. In the past, it has been true that “there is always a bull market somewhere.” But in today’s interconnected world where […]
Holding Your Breath for September
Friday’s sharp skid in the markets closed another rough week. The Dow Jones dropped 3.25%, the S&P 500 tumbled 3.40% and the NASDAQ fell 2.99%. The MCSI Emerging Markets Index resumed its fall, collapsing 4.85%. Market sentiment across the globe continues to be lousy, even as September is traditionally one of the worst months of […]
Putting the Panic in Perspective
Global stock markets recovered somewhat during the past week, even with yesterday’s sharp sell-off in U.S. markets. The Dow Jones was up 2.50%, the S&P 500 gained 2.48% and the NASDAQ rose 2.88%. In addition, the MCSI Emerging Markets Index jumped 2.55%. Big gainers in your Alpha Investor Letter portfolio included Markel Corp. (MKL), up 4.17%; The […]
How The BRICs Came Down to Earth
The popularity of the acronym “BRICs” — which stands for the fast-growth economies of Brazil, Russia, India and China — spread like wildfire in the post-financial-crisis world. Coined by ex-Goldman Sachs economist Jim O’Neill in 2003, the BRICs came to symbolize the shift in global economic power away from the developed G7 economies and toward […]