The most important thing is to be selective at this moment and be aware of the opportunities offered by different companies in different sectors. “There have been nervous this week in the Brazilian stock market on expectations of inflation and the hike in the Selic base rate by the Copom (Monetary Policy COMIR) of 11.75% to 12.25%, that while it was expected by analysts, the consensus for at least three more adjustments of 0.5% until year end . The CPI (consumer price index) was up 1.23% in May, the highest rate monthly since February 2003. “This week, the stock had fallen greatly depending on the Copom. The market was very concerned with inflation and short-term investors have sold a lot.
What the Central Bank has shown on Wednesday is that it is mindful of the inflation, but actually no need to increase both the rate, “said Gustav Penna Gorski, chief economist at stockbroker Geracao Futuro.” And the short-term investors bought back, “said the Folha de Sao Paulo. There have been record volume (see the article “Brazilian stock volume record in NY” in May 27, 2008) Brazilian stock operating in New York in the form of ADRs (American Depositary Receipts), reflecting foreign investment mania that is emerging to the neighboring country. In times of strong fluctuations, it is recommended to operate with caution and always well informed by financial advisors, is very common when they market highs, many investors wish to enter the investment, and are time when the “smart capital” (smart money) is coming out, your gain achieved much in several months. .