Now that Brazil’s Bovespa Index has seen a -60% price cut from those manic highs to October’s lows, it’s getting very interesting. We bought more of the EWZ etf today for the same 3 reasons that we have been discussing: 1. Best country to own for Re-flation, 2. Pending Brazilian interest rate cuts, and 3. Technical support built up at the line shown below (36,582).
Buy low, sell high.