Since the low in January the Brazilian EWZ ETF has made five waves higher as rumors swirled around the impeachment of the country's discredited president. Now that this appears to be a fait accompli is it time to sell the news? The problems facing Brazil are almost as immense as the rally in the stock market since the low in January.
Is anyone reading this board involved in business dealings in Brazil? Can you give some man-on-the-scene insight into whether the economy there is showing signs of turning the corner? Any insight would be appreciated since I'm itching to buy EWZ after the next three wave correction.
Regards,
Douglas
