Brazil and the Market

We talked about the Brazilian market a few days ago and if you had bought some of their stocks, you would have done quite well. Some examples include Gafisa and Sadia.

As for the general market, it looks like the minor correction could be over and the market could be on its way back up. The short term technicals did reverse down, and now we are just waiting for them to reverse back up. More on this over the weekend.

Brazil

In case you haven't heard, S&P upgraded Brazil's debt to investment grade. This was done a few weeks ago. Most all the stocks took off for great gains. This is because there are now a lot of institutions that can invest in Brazil that couldn't before. Many of the stocks have pulled back in this correction and are excellent buys. You need to find which ones and start investing in them. Brazil is one of the fastest growing economies in the world. Some of their companies are also growing at very high rates with technicals that look great. Need ideas? Email me.

Minor Correction

Well, the market has taken a turn for the worse this last week, with all the major averages turning down pretty significantly. But that is the first correction in the last 8 weeks and the market is due one of those. But all the long term technicals still point up, so don't fret. Keep your strong stocks, and sell any stocks that hit your stop points.

Other than that, enjoy your barbecue today.