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While most investors were dumping stocks across the board early last week, The Economic Times of India reported that billionaire global investor George Soros had gone on a buying spree in the Indian stock market. Soros' Quantum fund has invested close to $140 million in India since February and has picked up the pace of its purchases during the past couple of weeks.
After so many down days during the past few weeks, the welcome relief of green screens indicates that not all is lost on Wall Street. The sector showing one of the biggest spikes higher today is financials, which is particularly encouraging after a few weeks of difficult headlines about bank failures and the pending demise of lenders Fannie Mae and Freddie Mac...
Sir John Templeton, who passed away last week at the age of 95, was the original Global Guru. He provided me with my own introduction to the world of global investments when I picked up a book on his investment approach many years ago in Amsterdam.
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