Brazil is wonderful and I am very bullish on commodities. These two are commodity countries, but Brazil is normally not a very well-managed country and their new government is making many mistakes and of course the market there was very high.
All emerging markets ran up a lot in 2009 and 2010 and that is why I started shorting emerging markets, mainly on price because most of them just went up too much.
Related ETFs, iShares MSCI Brazil Index ETF (EWZ)
Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.
