Wednesday, April 30, 2008

I love Brazil :)

The S&P tonight raised Brazil's investment grade for the first time. Brazil's sovereign debt is now at BBB- up from BB+. This ultimatley lows funding costs and makes Brazil even more an attractive place for BIG money to invest. Bottom line, this is HUGE for brazil and I think it's only the beginning.

All brazilian stocks were on fire today, I'd be buying on any weakness

Brazilian exposure in my portfiolo:

RIO, PBR, FLATX, CGMFX

Looking to buy:

UBB, ITU

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