The Brazilian market is quite simply disastrously overvalued. Petrobras makes up a large percent of the Bovespa and it is a 260 billion dollar business trading at 16 times earnings, down from 310 billion,...
I like Brazil's rise as a strong commodity country. Their currency has grown so strong, even Warren Buffet takes notice. I consider this a pretty safe long term spot to park money.
Get into Brazil while the getting is good. This stock has been on an upswing for quite some time now. This country is considered 'emerging market' but is quite self sufficient and now has oil (see PBR)
This...