User 172125

Brazil, the Bovespa Index, PBR and Me

What the author apparently doesn't know is that the downturn in oil prices doesn't effect Petrobras much- which is why it was one of the only big oil cos to see a positive price movement today.

As Petrobras is mostly state-owned- its prices are regulated----BUT- LULA (Brazil's President)- authorized big price hikes LAST NIGHT. I bought Petrobras and made a killing. Not only that but the entire country's debt was upgraded to investment grade by SandP yesterday- which opens the doors to a lot of new money.

Watch Brazil explode over the next few monts.

A great way to play it is the Ishares etf- EWZ