Dear Fellow Investor,

It was October 1997. But it was strikingly like today.

Markets had fallen sharply from their peaks -- and fund managers were struggling desperately to generate returns.

I was on a team of fund managers responsible for managing about $1.2 billion across all global emerging markets.

By focusing on markets that were doing well, we had quickly established a strong track record managing a set of U.S., Canadian and Luxembourg mutual funds. In fact, our Canada-based fund was named the top fund of the year in 1997.

But managing money in bull markets and bear markets are very different skill sets. A bull market is a game of offense, while a bear market is a game of defense.

So, as it became apparent that markets had peaked, I started taking money out of the markets that were weak, and increasing my cash position in the funds I was managing.

Then one day, I received a call from Compliance -- our company's internal watchdog division...

But First, a Word in My Own Defense...

My name is Nicholas Vardy. Before I say another word, I need to make something clear, on the advice of counsel.

What I'm about to confess to doing back in 1997 was wrong...

... but it was not illegal.

In fact, the real crime, as I see it, is not that what I did was forbidden by law -- it was required by law.

I'm not just making excuses. I'm trying to make a point. Or rather, to teach you a lesson about real-world investing.

It's a lesson I had to learn from experience. And more than anything else -- including my degrees from Stanford and Harvard -- it helped me become what I am today: founder and chief investment officer of Hayek Capital Management, and founder of the London Junto, an inner circle of elite "Alpha Traders" who together control more than $50 billion -- a quarter of all the hedge fund money in Europe.

But there's only one way for you to understand that lesson fully: by telling you exactly how I learned it...

... the hard way.

Going Wrong By Doing Right ?

So, to continue my story... there I was, trying to do what I thought was right for my fund's investors by acting defensively -- when I got that call from Compliance.

Their message? My cash position in my funds was too high.

Now, one thing you may not know about mutual funds: As a fund manager, your hands are actually tied very tightly in terms of how you can invest.

You see, thanks to something called the Investment Company Act of 1940, you have to play by a set of rules that severely restricts what you can do.

You can't borrow, go short, hold cash, or invest in anything that is outside your narrow mandate.

Not only that, but the Investment Company Act and the fund's policy may require you to be 98% or more invested -- even if the market is going to hell in a handbasket.

When I pointed out that this approach would actually lose money for clients, I was told, in effect, that rules are rules. Besides, if investors wanted out of the fund, they could simply redeem their shares.

I felt like a ship's helmsman who wants to steer clear of an iceberg -- but is told he's forbidden to change course. Besides, the passengers are always free to jump overboard.

Well, I kicked and screamed as much as possible, and held my defensive positions as high as I could without getting fired.

The result? My funds were down 27% in 1997 -- yet I was in the top 10% among competing funds.

How was that possible? Simple: the average fund in my universe lost about 34%. So a 27% loss was relatively good.

But as they say, "You can't eat relative performance."

Incredible, isn't it? I got a pat on the back for losing less money than other funds -- when I could have made money for my investors if I hadn't been hamstrung by rules that were supposedly there to protect them.

Needless to say, I soon got out of managing mutual funds and never looked back.

Where did I end up? If you guessed hedge funds... well, you guessed right.

But do you know the real reason so many talented managers and wealthy investors -- the people I call "Alpha Traders" -- have been streaming into hedge funds in recent years?

Frankly, most investors don't have a clue. Which suits the "Alpha Traders" just fine. That's why I call it...

The Alpha Trader's Secret Advantage

Funny, everybody talks about hedge funds as if they know what makes them unique... but few investors really do.

It's probably the name. People hear it, and wrongly assume that hedge funds are defined by the use of sophisticated "hedging" strategies to maximize gain and minimize risk.

Most hedge funds do use such techniques -- at least the ones that stick around do. But that's not what makes them hedge funds.

Nor is it the high (typically 20% of net profits) performance fee they charge on top of a 2% management fee.

Nor is it the substantially higher minimal investment they require -- usually $1 million or more.

All those things are secondary to the one thing that makes a hedge fund what it is -- and so attractive to investors...

Freedom. Flexibility. A relative absence of government interference that allows a hedge fund manager to use whatever strategies he wants whenever he wants, including short selling, futures, swaps, derivatives, leverage...

... or, for that matter, retreating into cash while pondering his next moves. Like I wanted to do, but couldn't.

In other words, what makes hedge funds what they are is not that they do use creative risk-management strategies, but that they can, without running afoul of the law.

Or to put it another way, when a hedge fund manager sees an iceberg on the horizon -- he can steer clear. That's why hedge funds have historically enjoyed not only much bigger profits than mutual funds but much smaller losses as well.

Ironic, isn't it? The law "protects" the average-Joe mutual fund investor by, in effect, tying his shoelaces together... while giving full freedom of investment movement only to the super-rich.

Unfair? You bet. But here's the good news...

Now, There's a Way to Seize the
"Alpha Trader's Advantage" for Yourself

Most investors don't realize it, but thanks to the amazing new investment vehicles that have come online in recent years, anyone can invest with the same freedom and flexibility as the most sophisticated hedge fund manager.

With Exchange Traded Funds (ETFs), for instance, you can buy into almost any market index, any industry sector, any currency, any commodity anywhere in the world. And you can do it with all the ease and versatility of trading stocks -- including limit orders, short selling, and options.

American Depositary Receipts (ADRs) are another fantastic innovation -- enabling you to buy foreign stocks on U.S. exchanges as easily as Microsoft or GE, avoiding the headaches of cross-border transactions.

With tools like these, anyone with a broker or a computer can create and manage his own private "hedge fund" -- and enjoy hedge-like profits -- without having to pay those 20% hedge fund performance fees.

And here's the best part about it...

You don't have to be super-rich.

You don't have to be super-educated in finance.

You don't even have to be an experienced trader.

You just have to be eager to make a series of trades with enormous profit potential by following my recommendations.

In fact, I'm so confident about my picks I'll guarantee you at least 7 double- and triple-digit winners -- trades profiting 10% or more -- in the first year of your subscription.

It's a guarantee I confidently make because my current record includes 59 trades that more than doubled and 17 that more than tripled in an average of about 48 days.

This all adds up to 73% annualized gains -- a record that trounces the track records of even the top hedge funds.

But I can only make this guarantee if you join me now, while the market is ripe for the profit-finding strategies I've been hatching with my fellow Alpha Traders here in the heart of London's elite hedge-fund community.

Let me explain...

From my Alpha Trader "Brain Trust"...
Straight to Your  Portfolio

Professional investing is like any other business: it's not just what you know, it's who you know.

After all, what you know depends in large measure on whose minds you can pick.

And who you know depends a lot on where you are.

As for me, I live in the Royal Borough of Kensington, right next to Mayfair -- the part of London that the Wall Street Journal calls "Hedge Alley."

So, on any given day, I might lunch with a Japanese central banker... dine with a Russian educated systems trader... or go to a game with an Asian risk management analyst at one of the world's top hedge funds.

And in any given week, I'll have dozens of conversations with friends who include an emerging market specialist, a top commodity specialist, and a trader who has his finger on the pulse of the credit markets.

And every month, I'll meet with the London Junto -- the informal group I founded of top hedge fund managers and other assorted "Alpha Traders" -- to discuss the best profit-making strategies for the weeks and months ahead.

Take a look at who has attended these meetings:

	The #1 global hedge fund manager
	The #1 European hedge fund manager
	The #1 emerging European hedge fund manager
	The #1 Russian hedge fund manager
	CEOs of technology venture capital funds
	Chief economists from the world's top investment banks
	The publisher of the world's #1 business magazine

Together, all these supremely talented investment titans are the people I call my "Alpha Trader Brain Trust".

They're the ones I rely on most to help me spot the best profit-making opportunities in every type of investment, in every market, everywhere in the world.

And when you subscribe to my Global Bull Market Alert trading service -- my "Alpha Trader Brain Trust" becomes your Brain Trust too.

No, they won't be advising you on specific trades -- I'll be doing that. But I'll be doing it in the light of all their deepest insights about the latest market trends and hottest profit opportunities -- together with my own, of course.

And not to boast, but my stock picks and market calls are right up there with the best of them.

I was among the first to see the coming profit waves in mining, soft commodities, emerging market telecom and regional airlines -- recommending stocks like Potash, Southern Copper, China Mobile, and Millicom International.

What did that mean for my subscribers? The kind of consistent profits individual investors rarely see...

A Mind-Boggling 73% Annualized Gains...
in Just 36 Months

That's right: subscribers who joined my trading service at inception 3 years ago with an initial investment of $25,000 have grown their money to $129,000 today!

How have we done it? First, we concentrate our portfolio for maximum upside by targeting short-term profit opportunities totally independent of the overall markets.

What's more, we trade options to take profitable advantage of fast-developing situations around the globe. (Don't worry if you've never traded options before. I'll make it super easy for you.)

But we also know -- like all the best hedge fund managers and other Alpha Traders do -- that to stay ahead in the investment game, it's often the case that the best offense is a good defense.

For instance, let's take a look back to mid-January when high oil prices, soft real estate, and the disastrous credit crunch began eating Wall Street alive.

At Vardy's Global Bull Market Alert, I quickly analyzed the dire situation and shifted into investments that were nearly immune to the stock market.

So while all the major indexes were plummeting, this well-timed "hedging" strategy paid off big-time -- with investments that were up 18% in 6 weeks... 17% in 4 weeks... and more than 16% in less than 1 month.

In fact, if you'd been a member of our service over the past year, you'd have cashed in on the biggest sector and market booms of the year.

So, while the markets seem to be dazed and confused, Global Bull Market Alert subscribers continue to discover little-known investment opportunities to beat the markets.

Just look at our recent record of amazing profits...

This year alone -- during some of the toughest market conditions in recent memory -- members of Global Bull Market Alert have banked enormous gains on stock and options trades like these...

	A gain of 26% in Sociedad Quimica Y Minera de Chile stock in less than 1 month
	A 53% gain on Gold options in just 8 days
	A 108% gain on the NII Holdings options in just over 5 weeks
	183% on Japanese Yen options in just 8 weeks...
	A 17% profit in Potash stock in less than 3 months
	43% on India ETF options in just 1 week...

That's right. We've taken all these profits and more to the bank in the last 8 months while the overall markets have frustrated most other investors.

A lucky streak? No way. Going back just a few more months, we've also banked big profits like these:

	75% PowerShares DB Agriculture in under 2 months
	64% on Posco in 4 under weeks
	106% on Mechel in 2 months
	85% on iShares MSCI Hong Kong in 4 weeks
	257% on DryShips in 7 weeks
	203% on BHP Billiton in 2 months

Results like these are all about knowing what markets and sectors will perform, understanding how markets and economic events affect each other -- and converting all that knowledge into staggering profits.

Making killing after killing -- in bull times and bad

There's an old saying on Wall Street: "There's always a bull market somewhere."

It doesn't matter how the overall markets are doing -- in fact, buying "when there's blood on the streets," as another adage has it, is the best way to make a killing.

That's how the Alpha Traders do it -- and how they're doing it today. In bull times and bad, they see profit opportunities where others see nothing.

For instance, top Alpha Trader John Paulson made $3.7 billion last year by betting against subprime mortgage securities and collateralized debt obligations.

Billions of dollars performed like well-timed option plays. One of Paulson's credit funds earned a 590% return last year. Another racked up a 353% return. Lone Pine Capital scored a 57% return through the tried-and-true long/short strategy -- buying some stocks while also shorting.

Others like Viking Global Investors scored a 41% return betting on global equity markets. Traditional giants Citadel and SAC Capital pursued everything from vanilla equity investments to credit markets, convertible bonds and emerging markets.

And today, I'm inviting you to join us, the Alpha Traders, and use these very same strategies.

Here is the reality. This is a time when you must concentrate your bets on those few areas where you see there are bull markets.

It sounds simple. But it's not easy.

Let me show you how it's done...

Anatomy of an "Alpha Trade" -- or, how we booked
triple-digit profits when the market was in meltdown

"April is the cruelest month," wrote T.S. Eliot -- but for this year's investors the cruelty climaxed in March, just after the Fed and J.P. Morgan bailed out Bear Stearns for the bargain-basement price of $10 a share.

It was a stunning collapse for one of the world's largest and most-storied investment banks. The result? Domestic and foreign markets, which had been struggling to their feet after the worst annual start in decades, plunged yet again.

But none of this impaired the performance of our Global Bull Market Alert portfolio -- which had already gone into full-on defensive mode.

Since mid-January, in fact, we had shifted our investments into a portfolio focusing on commodities and currencies that were independent of global stock markets.

That strategy paid off -- big time...

One of our bets, the CurrencyShares Japanese Yen Trust (FXY) soared against the U.S. dollar to breach the 100 yen to the dollar level for the first time since 1995.

So, with our options on FXY recording 183% gains, I instructed subscribers to sell half of their remaining options to lock in our second triple-digit percentage gain for 2008.

The moral? No matter what the state of financial markets, there is always a strategy that can make you rich.

You just have to be smart enough to recognize that opportunity and, more importantly, detach yourself from yesterday's themes that are no longer working.

That's what my "Alpha Trader Brain Trust" and I do for you. As a member of Vardy's Global Bull Market Alert, you'll rest easy knowing that you're on top of all the best opportunities across all asset classes, wherever they may be.

But don't take my word for it. Take theirs ...

And even other investing experts are impressed with our track record. Here's what one had to say recently:

So, Where Is All the "Alpha Money" Going Next ?

Just as generals always fight the last battle, many investment advisors chase after the last bull market.

But the conditions of today's global economy -- like those of modern warfare -- change much too fast for investors to cling to the strategies that may have worked last year, or even last month.

For instance, today's hot sector is commodities. And while it's too early to call exactly when the commodities boom will end, one thing's for sure: it will end, and sooner than most investors expect, leaving them high and dry.

That's why it's so important to stay ahead of the curve -- and to spot the next big trend while it's still on the upswing, not after it's peaked.

Which developing nation will emerge next to rival China's growth? Which global commodity shortage will turn into the next exceptional profit opportunity? Which beaten-down housing and finance stocks will make a roaring comeback?

In short, where is all the "Alpha Money" going next?

As a member of the Global Bull Market Alert you'll be among the first to know -- right when it's time to enter for the biggest profits, and before the masses do.

You'll discover the global regions that are poised to become the next powerhouses... the trends that are leading growth... the sectors that are growing fastest... and the companies that are capturing the biggest profits.

In fact, today our portfolio is poised to break out higher in spite of the many challenges that are holding the rest of the market hostage.

I'm currently recommending a handful of defensive plays designed to protect you from the turbulence in the overall markets.

I'm also recommending you buy a couple of red-hot investments that are in bull markets all to themselves.

Join me now as a member of the Global Bull Market Alert and you won't miss a penny of these big profits.

Profit Like an Alpha Trader...
in Just Minutes a Week

Global Bull Market Alert gives you everything you need to know to profit like the world's best Alpha Traders -- and it will take you just minutes a week.

Here's how it works...

IMPORTANT: Even though you're investing in markets around the world, you're buying stocks or Exchange Traded Funds (ETFs) on the U.S. stock exchange. It's all as easy as buying Microsoft or GE. You won't have to open up a new brokerage account or pay the outrageous fees sometimes associated with buying stocks on foreign exchanges. Your current brokerage account will work just fine.

That's all there is to it. You can literally follow my strategy and make the trades in just minutes per week.

Still not sure? Try us today at
zero risk for a full 60 days!

Vardy's Global Bull Market Alert is all about helping you profit like an Alpha Trader -- finding the world's bull markets wherever they are, independent of the overall markets.

But it's not for everyone. It's for people who think a little differently, who want to act a little quicker, and who are comfortable trading a little more often.

Not sure if you're one of them? Not to worry. Today, I'm offering you a chance to find out at absolutely no risk.

Just sign up today and try the service for the next two months. You'll receive all my weekly market updates and any urgent buy/sell bulletins, and have access to my extensive, subscriber-only website.

Check out my recommendations, scrutinize my analysis -- and feel free to execute as many of my recommended "Alpha Trades" as you want.

Then, at the end of those 60 days (or any time before), if you're not absolutely thrilled with what you're getting, simply let me know and I'll send you a prompt refund of 100% of your subscription fee -- every penny. That way, all the risk is on my shoulders, not yours.

And my guarantee of satisfaction doesn't end when your 60-day trial is over. Any time after the first two months you may still cancel your subscription and receive a prorated refund for the balance remaining on your subscription.

And here's my ironclad guarantee:
7 double- and triple-digit winners or your money back!

As a new member of Global Bull Market Alert, you're guaranteed at least seven trades that go up 10% or more within the first year of signing on.

How can I make a binding promise to deliver you at least seven doublers? Because I've done it many times over.

You see, since the inception of Vardy's Global Bull Market Alert we've averaged at least one double- or triple-digit winner nearly every month for the past 3 years.

And I see even bigger gains in the near future. That's why I can make you such an extraordinary guarantee.

Do keep in mind, however, that if you're a conservative investor who prefers to buy and hold, my service may not be for you. We carefully manage our risk, but Vardy's Global Bull Market Alert is not the place for the ultra-cautious. And I'm the first to admit that not every trade works out the way I planned. You simply can't make double- and triple-digit profits without taking some risk.

But if my track record is any indication (and what better indicator is there?) you can expect bigger and more frequent "hits" than "misses".

Right now our portfolio is returning 73% annualized gains. And the next wave of big trades hasn't even started.

So, if you're willing to trade at a faster pace and assume a bit more risk... then 7 double- and triple-digit winners is my promise to you. And if I don't hit that goal for you in your first year, you may ask for and get 100% of your subscription cost returned to you.

But I'm not worried about refunds. No one is going to leave if the profits keep pouring in at even half the pace they have so far. After all, members who put $25,000 would now have grown their investment into $129,000 profit in just the three years since we started.

The cherry on top? No sky-high management fees --
you keep every penny in profits for yourself

Imagine you had a typical hedge fund account. On your minimum $1 million investment, you'd be paying a 2% management fee of $20,000 -- plus a whopping 20% of whatever net gains you make in "performance fees."

But as a charter member of Vardy's Global Bull Market Alert, you'll benefit from the same level of trading expertise at a tiny fraction of the cost.

And right now, our service is a better bargain than ever...

A one-year subscription normally costs $1,250 -- but as a new member you'll pay only $995, a 20% savings of $255. And if you prefer, you can even pay quarterly.

For an even bigger savings, you can sign on for two years now, which drops the price to less than $850 per year -- a 33% savings off the regular two-year rate!

And you're still protected by the same 60-day trial backed by my 100% money-back guarantee, and my promise of a pro-rated refund if you cancel any time after 60 days.

Membership Is Limited -- First Come, First Served

Unlike other services, Vardy's Global Bull Market Alert is run by a full time, professional trader and member of the "Alpha Trader" hedge fund community.

Therefore, to keep from unduly influencing the market and jeopardizing the size of our profits, my publisher and I have agreed to limit this service to just 1,000 subscribers for the next year.

Once that limit is reached the door will be closed.

Subscriptions are taken on a first-come, first-served basis. (But don't worry: if you don't make it in, we'll keep you on our waiting list.)

So don't delay -- please reserve your place now by calling toll-free 1.888.219.4751, or by clicking the "Subscribe Now" button below.

And let me be first to say... welcome to the ranks of the Alpha Traders!

Sincerely,

Nicholas A. Vardy
Editor, Vardy's Global Bull Market Alert

P.S. Remember, the first 60 days are on me: you can cancel for any reason during that time for a full refund. Plus, you get my ironclad "7 Double- And Triple-Digit Winners" guarantee: at least 7 investment picks yielding profits of 10% or more in the first year or all your money back. You won't be out one penny. Just click on the "Subscribe Now" button to join me today.

P.P.S. Right now, we have several red-hot plays in our portfolio that could add up to some of the quickest profits you've ever made. As soon as you join, you can access these picks online, or we will rush them to you by fax or e-mail. But hurry -- don't miss a penny of the profits! Just click on the "Subscribe Now" button to start your subscription.