Sign inRecent Commentaries tagged (brazil)
Is EWZ (Brazil) ETF Setting up for a Short Entry?
(www.etftrends.net) iShares MSCI Brazil Index Fund ETF (EWZ) has been broken its internal uptrend line and a reversal of the medium term trend was confirmed as EWZ came off a Head & Shoulders (H&S) top pattern. The H&S target of $61.07 was reached and exceeded two weeks ago with support found at...
Bookkeeping: Cutting Back Braskem (BAK) by 2/3rds
I am not seeing much recovery at all in our pool of stocks, which are focused overseas and "smaller to mid cap" - so perhaps whatever rally there is are in sectors we are not in like big cap pharma or whatnot. Very few names in my watch lists are popping; instead there is a good mix of red and...
FT.com: How the BRIC was Born
If you've been at all involved in the stock market the past 3+ years you should be very aware of BRIC aka Brazil, Russia, India, China. [Mar 16, 2009: BeSpoke - BRIC Country Return 1 Year and 10 Year versus USA] I'm more of a BIC fan myself as Russia is more or less a 1 dimensional play on...
Rebacca Wilder: Two BRICs – India vs. Brazil
This post is a guest contribution by Rebecca Wilder*, author of the of the News N Economics blog. I started research on India to further explore economic prospects after reading and (excellent) FT article on necessary labor reform. In doing so, I now see a (possibly) much flatter economic growth...
Brazilian Stock Market Closing in on All Time Highs
Quite a remarkable performance by the Brazilian Bovespa Index. After a 83% gain in 2009, it has recaptured the 70,000 level and is only 4.5% off of its all time high of 73,517. This despite efforts to keep the flood of US pesos from over heating its markets and economy. [Oct 20, 2009: Ben...
Global News: Australia Employment Jumps, Brazil GDP Growth Muted, Ireland Takes Responsible Budget Steps, Spain Next to Worry About, UK Bank Bonus Tax of 50%
A bevy of interesting news from across the globe in the past 24 hours.... all below via Bloomberg.1) Australia has taken the lead in raising rates among the G20 nations, already doing so 3 times, as its tightening relationship with China buoys the economy. Employment figures jump for the 3rd...
Discipline is Needed for Real Economic Performance
There is an interesting article inside the Wall Street Journal this morning comparing the fortunes of Brazil and Argentina. (See “Argentina Falters as Old Rival Rises,” http://online.wsj.com/article/SB125798960525944513.html#mod=todays_us_page_one.) In the article a research paper published in...
Goldman Sachs: "Hazardous" to Underweight Brazil - But Hold the Big Mac
Despite a 73% increase in the Bovespa this year and the country raising taxes to try to keep out an avalanche of Western central bank liquidity [Oct 20, 2009: Ben Bernanke's Money Printing Parade Forces Brazil to Slap a Tax on Outside Investors], Goldman Sachs still says the shares are cheap. ...
Ben Bernanke's Money Printing Parade Forces Brazil to Slap a Tax on Outside Investors
The continued fallout for our central banker's policy of making all our ills go away through a relentless push of US pesos out into the world continues to have far reaching effects. When Ben Bernanke is not ruining Indian weddings, causing the Canadian central bank to consider a regime of...
Prieur’s readings (October 20, 2009)
This post provides links to a number of interesting articles I have read over the past few days that you may also enjoy. • Gerard Lyons (Times Online): Discovering if we learnt the lessons of Black Monday, October 19, 2009. Today (Monday) is the twenty-second anniversary of Black Monday. On this...
Brazil Rallies Upon Winning 2016 Olympics
What a great score for Brazil; they now have the 2014 World Cup and 2016 Summer Olympics back to back. If I have any Brazilian readers, I'd like to visit summer 2014 ;)Stocks are rallying in kind, up 1.5% - certainly there will be some long term benefits to the country's infrastructure from...
9-24-09-ROEMER---DETAILED LOOK AT SOUTH AMERICAN WEATHER
Right now, weather is a little factor in the coffee market, as traders are looking over at sugar and cocoa, and are flooding money into these markets. Key Points— *Good early season for Brazil's coffee bloom. *Indonesia may have some problems due to El Nino, but with a weak El Nino, I’m not...
Brazil's Credit Rating Raised to Investment Grade
I recall the last time Brazil's credit rating was increased, in 2008, as a bevy of Brazilian stocks shot through the roof in afternoon trading that day. The reaction to yet another increase, this time to investment grade, was not so spectacular - but the Bovespa has been on fire (>60% for the...
ROEMER---SUGAR CONTINUES TO SOAR ON WORLD WEATHER PROBLEMS, EVEN WITH INDIA RAINS; QUICK LOOK W. AFRICAN WEATHER
ROEMER...TUESDAY-9-1-09 SUGAR...........Prices continue to soar on worries over the Indian monsoon, even though good rains have fallen in key areas in the last 3-4 days. However, Tamil Nadu, which produces 15% of the crop is getting dry again, the fact that weekly rainfall as of last Thursday...
Is the Sugar High Over? By Frank J. Cholly
In the past two weeks we have seen sugar trade at prices that we haven’t seen in more than 25 years. In my opinion, this market is due for a big correction. How does this type of escalating price action occur? No, it’s not just the speculators! It is a combination of fundamental and technical...
