I've done pretty well lately with Brazil. Caught PBR, VALE, SID & GGB off lows and made some decent money but now I'd like to take another stab here. Anything in particular that gives you pause at these levels? Once I start, I'll average down to hell. Like to start right in here. Earnings looked like a beat but what's the situation like on the ground. Wife and I haven't been down for awhile now.
Thanks bud - sums up my thoughts. Brazilian RE bubble always looming on the horizon but perhaps it can deflate rather than pop. Didn't see inflation numbers but I have to assume it was running near 6% or higher? That is possibly the only catch here. I've seen quite a few articles re: bad loans on the books of ITUB, BBD, etc. Wouldn't be bucking the global trend by any means so take that with grain of salt.