Hi ADAM KADMON,
The Bovespa is currently down 9.67%. Secondry markets always take a bigger hit. Also te dollar quotation over the last few days has climbed a great deal. Once again a soft currency over here.
If te big guys in the States are losing money, they take out te mone they put over here to shore up their money. When everything goes well over there they take off the surplus money and stick it to places like over here to make their spread.
The fundamentals of the economy over here are sound (where have I heard that before?).
Best regards,
Steve
Quote:
Originally Posted by ADAM KADMON
DOW is climbing back up, -565 atm. Feds injecting money to keep it up.
BRAZIL however DOWN -6,924.2 -13.64%
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