UBS, as reported by Bloomberg in this article (linked here) feels Brazilian companies are "among the cheapest," trading in emerging markets. Check the article out for yourself, and also take a look at how pretty much every emerging market is being haled as being "over-sold," "or having "bottomed out."
People are in a frenzy and investors should tread carefully in these emerging markets, choosing companies that have strong fundamentals on their balance sheet, not on a geo-political scale or when a short rally in global equities occurs.
The bottom line... the health of financial markets and the macro-global economy is just not looking all that nice.
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