What’s the Hottest Market in the World?

It’s Brazil.
The Brazil iShares (EWZ) are about 500% in the last three years. According to S&P, Brazil’s market trades at just 10.7 times trailing earnings. Brazil’s Fed recently lowered short-term interest rates to 19%.
President Bush is currently in South America at the Summit of the Americas. He’s trying to revive the hemisphere-wide free trade agreement.
Here’s a three-year chart of EWZ.
brazil.bmp

Posted by on November 4th, 2005 at 11:08 am


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