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Saturday, February 7, 2009

Brazil New High - New Low Update 6 Feb 2009 - by Vladimir D


I added a few comments to this update by Vladimir. It looks like the Brazilian market, an early leader in worldwide recovery, is showing signs of weakness. Is it a harbinger of things to come for other, more established markets? - AE

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  1. GrantFebruary 8, 2009 at 6:48 AM

    Valdimir and Alex,
    Much thanks for your work here. For those looking at interesting ways to play Brazil besides going long EWZ, take a look at EEV. It is an Ultra inverse ETF of the emerging markets and trades pretty true to Brazil. It appears to be forming a bottom, indicating potential weakness in these markets, or at least a downturn.
    Grant

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