Brazil soars as support drops for president

The Bovespa has its tail in the air to the tune of 2.6% after another dip in support for President Dilma Rousseff to 34% from 37%.

Opposition candidates, however, also saw their support drop, bringing the number of voters without a preferred candidate to its highest pre-election percentage in 25 years. Still, the opposition combined is now polling higher than the president

EWZ +3.4%, and the banks: ITUB +4.4%, BSBR +1.9%, BBD +4.5%


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Comments (15)
  • easybrazilinvesting
    , contributor
    Comments (95) | Send Message
    And that's why a defeat in the world cup could cause a rally in Brazilian stocks:
    6 Jun 2014, 11:13 AM Reply Like
  • awmanzel
    , contributor
    Comments (524) | Send Message
    what a farse. Both parties are linked to petrobras corruption, argentina is going to collapse like brazil's other partner venezuela.
    6 Jun 2014, 12:02 PM Reply Like
  • Deja Vu
    , contributor
    Comments (1824) | Send Message
    Socialism inevitably circling the Venezuela, Brazil, Argentina, Europe ...India (after recent election) and China will be the last ones left standing...
    6 Jun 2014, 01:07 PM Reply Like
  • machiavelli
    , contributor
    Comments (723) | Send Message
    Wrong you are, son.
    6 Jun 2014, 11:55 PM Reply Like
  • ralf38
    , contributor
    Comments (86) | Send Message
    China and Venezuela are not socialist, more at dictatorial. Russia is at dictatorial as well.
    9 Jun 2014, 08:29 AM Reply Like
  • Dugly
    , contributor
    Comments (65) | Send Message
    Between GS pumping Brazil that a world cup victory would result in a market surge, Mohamed El-Erian stating he's looking for investments in Brazil (without actually naming any), and now the news that Brazilians don't like their president, nor his opponents, as cause for juicing the market. It seems the hype machine is in full operation. Propaganda worthy of fascists.
    6 Jun 2014, 02:40 PM Reply Like
  • buyandhold???
    , contributor
    Comments (907) | Send Message
    i live in south beach and this whole city is brazilians,argentians, and venezuelans FLEEING as fast as possible, at least the ones with money lol at anyone who wants to invest in these terrible countries, their own people dont wanna invest there. I guess bagholders will always be created in one way or another, but if those countries are so great to invest in, their richest residents wouldn't be fleeing to invest in miami
    6 Jun 2014, 06:41 PM Reply Like
  • daro
    , contributor
    Comments (1712) | Send Message
    I live in miami beach and my wife is brazilian. I go there often. I agree, I would not invest there (except for purely discretionary money). the government is beyond corrupt, the taxation system is so regressive that average people cant make a living and wealthy people travel here just to go shopping for clothes (just to avoid sales tax). that said, if some one came to power that was not corrupt and made real reforms to promote open business and not protect the oligarchs, there would be tremendous economic growth in brazil. Unfortunately I dont see that happening regardless of who wins the next election. remember, lula was a communist ( and roussef was his sidekick). after he was elected ,all of a sudden, he was a conservative capitalist protecting the oligarchs. sell every rally.
    I suspect the world cup and the olympics will showcase many of the problems brazil experiences. in fact, after the world cup, brazil might get crushed.
    6 Jun 2014, 09:20 PM Reply Like
  • tmow
    , contributor
    Comments (505) | Send Message
    A diaspora is a modern day version of "Atlas Shrugged."
    7 Jun 2014, 08:48 AM Reply Like
  • awmanzel
    , contributor
    Comments (524) | Send Message
    Yeah that's why i'm in short etfs. look at the history books when regimes like this leave a bag of shi""! and a famine for the next government. Blame it on socialism, blame it on peron, this was a mask cristina put on after being raised by jews that opposed peronism and got rich off the dictatorship. This collapse has been building in the region...ur supposed to invest when theres blood in the streets, not months before.
    6 Jun 2014, 06:57 PM Reply Like
  • sjjm3
    , contributor
    Comments (17) | Send Message
    Bought Sept EWZ 49 puts.......
    7 Jun 2014, 09:52 AM Reply Like
  • User 353732
    , contributor
    Comments (5166) | Send Message
    In Brazil as in most parts of the world, the Government is the enemy of prosperity , genuine wealth creation, true innovation and the privately employed middle class.
    Brazil has so many natural advantages that it should have higher per capita purchasing power than Germany but corruption, kleptocracy, class warfare, stunted personal and property rights,resource nationalism and hostility to foreign capital keep Brazil from realizing its potential
    7 Jun 2014, 11:55 AM Reply Like
  • The Long Tail of Finance
    , contributor
    Comments (1749) | Send Message
    Brazil still worries about another "Crisis of Confidence" like the one it had in early 2000s. That's why their main interest rate is a daily one (I don't trust you for more than a day), and why they don't pay interest on weekends (Business Days/252 daycount convention) ;-)
    7 Jun 2014, 06:38 PM Reply Like
  • Catullus
    , contributor
    Comments (6) | Send Message
    No doubt in my mind about User353732; clearly a member of the predatory capitalists.


    Corruption and kleptocracy are not basic products of socialism, they are the products of societies which allow and encourage official corruption and government malpractice for private gain.
    The last time I looked, the self congratulatory USA, a neo-fascist state if ever I saw one, was busily "reinterpreting" its constitution to legalise political corruption and government malpractice on a massive scale.
    George Orwell and Aldous Huxley would be nodding their heads vigourously, were they still alive to observe this ongoing process.


    Insatiable private greed has destroyed more civilisations than public sharing of wealth, I have absolutely no doubt that that deplorable state will continue throughout the millenia (if any!) remaining to homo-stupidus.
    8 Jun 2014, 03:35 AM Reply Like
  • alpine
    , contributor
    Comments (2122) | Send Message
    To me, it seems there is one reason countries with so much promise in the EM world (I think of Brazil, Argentina, Venezuela, Indonesia, Malaysia, even India and China) will always be behind those in the "Developed" world: their development being more recent, they are lumbered in a world "without too much faith", yes, it is a world without faith in religion.


    Consequently, the smarter masses take decisions, whether they be in govt, business, even religion to go for the "kill" in short order, whereas, everywhere you look in the developed world, their infrastructure as well as physical beauty has been carefully tended over 100s of years, and many checks and balances exist in their generally civil societies that any new ventures are entered into with preserving these structures. To me, this is the simple reason that even a relatively beautifully endowed country like Argentina will never build itself with a clean, pollution-free environment, with beautiful structures that will behold humanity for '000s of years, whereas even the most depressed areas of Italy (think Naples) still cares and tends to keep its clean heritage.


    In short, it is the quick money motive that will prove to be the undoing of practically all countries in the emerging world, perhaps, in 100 years, if they "clean up soon", with the exception of China.
    8 Jun 2014, 04:06 AM Reply Like
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