03.09.10
BRAZIL, Currently Emerging Market , preparing to test submerge Times !
It was 2002 yes only 8 years ago
when most of the Financial Global Community, were advising to dump the currency ( Real) which was approaching 3.9 ( high 3.99)
& also to dump equity on their index which was approaching 10,000 yes TEN Thousand
now in 2008 only2 years ago & when the currency was hitting 1.57 yes from 3.99 so had been strengthening ,
& the Bovespa yes Brazilian equity index like Footsie or SP500 or CAC 40
was hitting 80,000 yes EIGHTY Thousand
Expert & similar opinion to the crowd of 2002, were strongly advising, must BUY Real, as it will go to parity 1 to 1
& the Bovespa will hit 100,000 , yes ONE Hundred Thousand
EVEN though we had, already increased , 8 times , on the index & the currency appreciated by over 70% & with gearing many many multiples!!!
So please Wake up , Global Village, when the insight , expert opinion
are discounting the Brazilian Election in October ?
discounting the fact the currency has rebounded from the sharp move from 1.57 to 2.7 and now 1.7
keeping matters simple Brazil is a selective SELL SELL SELLL< yes not BUY BUY but BYE BYE l
as with the pending election,
& much potential uncertainty etc
& with excessive FDI yes foreign investment , after going for the door since 2002
they are now very much jammed up inside, the entrance.
So the best next surprise move, is for currency to find an excuse to get close to 3 again
& the index to test 33,000 which was hit in yes 2008, only 2 years ago!
AS for election forecasting,
expect an upset, &
some alternative candidates, who have not declared yet , so do expect , to declare their interest in June !
watch out , there is a Brazil about!! & it can hurt!
Like the Nut!, if it falls,&lands in a sharp format, beware!!.
