This latest pullback by GGB is borderline ridiculous - nothing has changed - how does an economy that is slowing down, but is still moving a much faster clip than the USA, pullback, this was a typical throwing the baby out with the bathwater trade - GGB is the strongest steel stock in Brazil and whether the dollar appears that it is stronger - it's like lifting weights - for instance, say the dollar was lifting only 150 lbs over his head and the european and asian stocks were lifting 200 lbs over their head, now the european and asian stocks are lifting maybe only 175lbs over their head, but that does not mean that the dollar is now lifting 160 lbs over it head. If anything, this is a natural pullback in this area, but it should push ahead again soon...with regard to the $$, that remains unclear.
I always think avoid falling knives and buy on the way up. But by the time that is happening I have spent all my money catching those falling knives thinking they were on the way up. It seems I don't know up from down.