Gives you something to think about.http://www.bloomberg.com/news/2011-07-26/itau-slides-as-credit-suisse-says-defaults-hurting-brazilian-bank-profits.html
Funny thing about this....GFA up nicely today. Did you see GOL/TAM today? Ouch. Still going to scale in here.
Probably a good move. I have a heavy batch of BSBR that I pulled the gun on too early in the $9.50s. Really nice technical setup on that one if it can clear the $9.20s double bottom resistance hurdle - preferably today.
Ruh roh....we both knew this would happen. Unfortunately, Brazilians, bankers excepted of course, will be the last to know.