Don't think your boy RF has fallen asleep because folks he hasn't. I have been testing the new blog out and just making sure everything is going to be good before we bolt from this Blogger site.
Away from that, I have been research emerging markets and believe that Brazil, Chile, Austraila, and Russia are my favorite while Sweden seems like Short. In fact, "birds from far away" are saying that Goldman Sachs is telling clients a pair trade: Long Russia Short Norway - if you want the Bloomberg codes, email me.
Brazil - Has a huge run but the broad way to play it is EWZ. VALE just got upgrades by Goldman Sachs today (shocker we had it in August at $19 but..) the raised estimates and see $28 per share. They are telling big clients to buy Dec or Jan $28 calls. I personally don't like that call but I bought back shares today in my client's portfolio, not my personal. STD is another bank I own; however, the IPO did terrible today - very disappointing. If you ever want to study a sweet chart, pull up a March - Oct chart on STD lollllll it's insane! It's a good bank. This weekend I will release some of my findings.
Russia- A consumer driven economy. I have been buying RSX about 2 weeks ago, as I mentioned and am up 6%. I will be in and out but many are bearish on Russia - I am not. Housing related equities in Russia need to bounce but the consumer drives Russia and retail stocks have performed similar to our bank stocks. Anotherwards, retail is the Russia market leader and I like that.
In conclusion - I am going global - very soon - and want commodity related names
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment