why is this pig going down, they reported stellar earnings last qtr. This is brazil not the USA. Are big boyz getting out because they are is glutt of houses in brazil and know one is buying. What is going on, you can never get anything on the this pig. Everybody says brazil is growing leaps and bounds but this stock keeps heading down and down. WTF!!!!!
Nice sentimental statement. I picked up a trading position at $10.81.
The operative word is inflation. Target is something around 5%. Today's estimate is 6.33%. That means interest rates need to go up higher than the 12% where they currently are.
This will have the dual effect of making it harder to finance purchases and sucking investor money out of stocks and into bonds, CDs, etc. What would you do if you could buy a CD that returned 10%/year?