Changing Circumstances And Valuations: It’s Time To Book Profit On Brazil
Posted on October 26, 2009 at 15:02 PM EDT
Nearly one year ago - Oct. 27, 2008 - I recommended buying the iShares MSCI Brazil Index (EWZ). That week, the exchange-traded fund (ETF) reversed its decline and rallied 31%. Today it is about 110% higher than our original entry point, which pretty much marked the bottom. In that article, I highlighted two ...
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