EWZ is oversold. Excellent long term hold at less than 60.
I am prepared to buy at 48.50 and below, if we get something horrendous out of Europe, I think it goes there. from the charts, I think 44 is very possible and the earnings multiple would look good there too.
You may get your price, but it's dirt cheap already. Best of the emerging markets.
Run-aawy iflation on the rise. Best to buy 6 weeks b4 the world Soccer games.