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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: elmatador who wrote (35925)	6/20/2008 9:37:06 PM
From: THE ANT	Read Replies (1) \| Respond to of 217528

Elmat,16X earnings for a commodity based country is expensive,even more so with a currency at least 20% overvalued.Commodity stocks often trade at 8-10X earnings.I am the #1 fan of Brazil but could not recommend EWZ to anyone at this point.The world is slowing and it will hit Brazil too.Brazil at least has many interest rate cut bullets in its gun.Middle class real estate should do well in Brazil as interest rates fall.Places like Porto Seguro are overpriced and owned by Europeans who will soon find their money much tighter.I will develope what I have in Brazil to gain overvalued reals to reinvest in Brazil but dont see great values in real estate in the short run.It hurts to be exchanging $ at 1:1.6 to get my current two projects finished but after that it should be earning overvalued reals to invest to earn more overvalued reals.The $'s will stay to invest in Florida real estate and pay back loans used to borrow dollars to trade for reals at 1:3.5 back around 2002, or even China may be a buy by then.If Brazilian real estate bubbles with falling interest then I will sell some of that too.