md1derful, I'm still here with all of my shares ($82 basis) and wading through all of Steve's helpful posts trying to figure out what happened. Thanks again, Steve. I blame you completely for all of my pain :-) Completely, absolutely kidding. What's the line from the Naked Gun movies? -- I picked a bad week to stop shooting heroin...
If there is any hopeful sign, oil prices have jumped in the last 2 days and the Venezuelan market actual was up .40% today. I thought Brazil got hit mostly because of a possible huge Venezuelan devaluation. If oil prices rise, that's not bloody likely. Now, if Japan can get their shit together (I know, not bloody likely) and Russia can reach some semblance of stability (I know, not bloody likely)....
So, how long before US/European brokerages instruct their "analysts" to start pumping out positive reports on Brazilian/Mexican stocks to save their big butts? Yeah, it's corrupt, but I'll take it at this point. It won't even begin to even the score with the even more corrupt Moody's report. Hey, we missed the Asian crisis so we'll get even with Latin America -- nice logic.
For posterity, today's action in Latin America
Brazil
Bovespa Index
^BVSP
4:35PM
5837
-381
-6.13%
Chart , News
Canada
TSE 300 Composite
^TSE
6:00PM
5742.51
+31.33
+0.55%
Chart
Chile
IGPA
^IGPA
6:31PM
3148.26
-57.99
-1.81%
Chart , News
Mexico
IPC Index
^MXX
4:28PM
3045.170
-57.220
-1.84%
Chart , News
Peru
Lima General
^IGRA
3:01PM
1280.99
-10.70
-0.83%
Chart , News
United States
S&P 500
^SPX
5:00PM
973.89
-8.37
-0.85%
Chart , News
Venezuela
IBC
^IBC
2:56PM
2737.45
+10.92
+0.40%
Chart , News
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