Thursday, August 21, 2008
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.