Look at the charts man! This pig is in decline for the last 5 months. Face the reality. Inflation is killing the Brazilian economy. Brazilians spend 25% of their income on food. 75% of home owners have difficulty NOW with housing payments. Look at what happened to EWZ in summer-fall 2008 with just a hint of inflation. This is going to be massive! BZQ now before the rocket ship leaves the launch pad! This is your last advisory. Have fun.
EWZ traded $70.22 2/10/2011 just three months ago; not at all a long shot that it trades back there. A continuation of the sell off in crude and strength in the dollar would not be good for EWZ. Crude weakness and dollar strength are probably just temporary though.
So many different articles appearing over many financial sites. Some have a positive for Brazil and EWZ but so many doom and gloom about inflation in Brazil in a big way. The citizens individually are so much better off financially - the future of the oil drilling, stocking, selling to some important countries now courting Brazil - for instance both China and Russia - Brazil is in a wonderful situation with regards country and its people. As long as the leaders do not get sloppy or greedy - I believe Brazil to be a future exciting financially, independent entity.There are always the few who work from the half empty to describe anything they chose to doubt, and the wisdom seekers are concentrating eagerly on the half full! If the 70's return, unless you are on your death bed with only little time to plan, then stack your EWZ ownership. IT WILL BE A SUCCESS STORY FOR YOU!