On a long ride up. This thing is going to move up for a while and substantially.
Take a look at a 6 month chart of the Bovespa index. Starting to roll over. EDZ should FINALLY have the opportunity for a run up in price.
Agree. I bought BZQ today (double short Brazil).
Tell me why please.....
China, Greece, Spain, Portugal, Italy- raw material suppliers to China including Brazil, Australia.The real estate market has basically come to a standstill in China. China accounts for 10% of world growth and significantly more raw materials including probably most of the bubble in copper. Additionally, the U.S. market indices are at or near their highest levels indicating a significant pullback. When EDZ starts to go, its going to go for a long long time.Could be a couple more weeks before the long sustained uptick, but definitely not months.