The names $EWZ, $PBR and $VALE have come up recently in discussions about Emerging Markets.
I have no desire to have any exposure to Europe right now, despite Barron’s telling me what a great and crowded long this is in the market right now.
Speaking of which, I closed out my Feb $FXE long yesterday.
I do like Brazil though, and today’s action seems like the perfect reason to step up and invest.
I’m rooting for a market selloff into the weekend. If that’s the case, I’ll start with some shares of $VALE for the long term.
Anyone buying into this stuff today?