“We are all agreed that your theory is crazy. The question which divides us is whether it is crazy enough to have a chance of being correct. My own feeling is that it is not crazy enough.”
― Niels Bohr
Click on any chart to engorge it
Click on any chart to engorge it
Brazilian Bounce From Here?
The Brazil iShares ETF (EWZ) has bounced off the $75 level a few times during the last quarter. As long as industrial metals and oil stay in bullish trends, this fund should too, as half of the ETF holdings are in materials and energy.