“‘What’s the outlook for Brazil?’ we asked our colleague Rodolfo Amstalden of Empiricus Research in Sao Paulo. It was raining outside. We were in his new digs, overlooking the fashionable Itaim district. ‘That depends on who you talk to,’ he began. ‘But to us it looks terrible. We’re warning investors to watch out for a ‘perfect storm’ that could flatten share prices on the Bovespa. You have to realize that shares have lost 17% this year. And they’re down 30% from their high set in 2008. But that doesn’t mean they’re cheap. The average P/E is still about 17 – not too far away from the US average. And here’s what could happen in 2014…”
http://www.bonnerandpartners.com/is-this-emerging-market-about-to-be-hit-by-a-perfect-storm/
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Tip Freedomwat.ch Staff with Bitcoin
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