March 2, 2008
As you know this is one of the "create your own" portfolio members. I guess I should have bought some more when it was back down around $70 last month but it may get there again in the future.
THE STRONGEST STOCK MARKET IN THE WORLD
On February 14, we featured a chart of the iShares Brazil and mentioned how its big weighting in commodity stocks kept its share price near all-time highs while most world stock markets were struggling.
This week, Brazil didn't just remain near its high – it set a new one. The fact that U.S., German, Chinese, and Australian stocks are still well off their highs makes the action all the more impressive. And as we covered two weeks ago, it's all thanks to high commodity prices...
The strongest investment trend in the world right now is the increasing value of "real stuff" like iron ore, crude oil, and grain. Brazil has all of this in abundance, and its shares are acting accordingly.
– Brian Hunt
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