Measured in dollars, Brazil's stock market is up 84% from its November lows. Almost one quarter of that gain comes from the appreciation of the real against the dollar. Emerging markets in general are doing very well these days, as 1) the threat of a U.S. depression has all but vanished, 2) money is easy all over the world, 3) commodity prices are rising, and 4) the global economy is bouncing. This is more than a "green shoot," it is a recovery. Confidence is returning to lots of markets. Very bullish for all risk assets.
Monday, May 4, 2009
Brazilian stocks surge
Measured in dollars, Brazil's stock market is up 84% from its November lows. Almost one quarter of that gain comes from the appreciation of the real against the dollar. Emerging markets in general are doing very well these days, as 1) the threat of a U.S. depression has all but vanished, 2) money is easy all over the world, 3) commodity prices are rising, and 4) the global economy is bouncing. This is more than a "green shoot," it is a recovery. Confidence is returning to lots of markets. Very bullish for all risk assets.
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ReplyDeleteScott: My name is Alejandro Vigo, I'm in Tucuman and Benjy Neville recommended me your blog. I can see that you are like me, very optimistic about the way out of this financial crisis, I'm too. I'm a investor and I have been reading your blog for some times already. I would like to have your email address if is possible. Mine is ajvigo@gmail.com . Thanks and have a good day there.
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