Wednesday, September 9, 2015 8:21 PM EDT
Well, the ridiculous “BRIC” meme (Brazil/Russia/India/China) suffered another embarrassment after hours, as Standard & Poor's has downgraded Brazil’s bonds to junk level (and a negative outlook, although I’m not sure what is worse than “junk”). There are probably some people out there who gobbled up EWZ since it looked so “cheap”:
Well, after hours indications show EWZ has already lost another 7%, and it is trading at the same level it was over a decade ago. So if you had held on since August 2005, you’d be at breakeven.
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – or any credit for the gains – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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