globalmacro

Tuesday Outlook: Unremarkable Volume, Breadth

Head and Shoulders top in India? No way. Only a very short-term analysis would ever jump to that conclusion based on the totally random gyrations of a closed end fund chart. Take a look at the more naturally trading ETF charts please. IFN trades in a very strange way based on supply and demand dynamics that have nothing to do with the underlying value of the companies in the fund.

Gyrating Salsa: Brazilian Economy Dancing with Joy

This article turned out to be very timely with S&P increasing the debt rating to investment grade just this week. Nice call.

Gyrating Salsa: Brazilian Economy Dancing with Joy

One day does not make a good investment but I sure like relative outperformance. That's how I get judged.

Gyrating Salsa: Brazilian Economy Dancing with Joy

Thank you for your thoughts. I'm intending on holding it for 5-10 years. I'm not worried about short-term fluctuations. In fact, I prefer buying quality stocks that are more volatile because there are alot more opportunities to add to the positions over time. Suntech Power (STP) is another good example of an extremely volatile stock that plays off some of the same fundamental factors going forward.

Gyrating Salsa: Brazilian Economy Dancing with Joy

Any thoughts on Sadia SA? I've purchased a fine bit of it and I think it's a nice play on the rise of the middle class in Brazil. What doth thou sayeth fine author?