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Its tough to keep Brazil down — BZQ

Among the emerging nations, Brazil’s performance in the recent market swoon has been impressive. It’s almost a textbook example of relative strength. Take a look at BZQ, which is a leveraged ETF that is double short Brazil:

So when Brazilian market tank BZQ should go up. Its failure to do so in any meaningful way represents my biggest boondoggle since starting this site, with the circled area being my entry point. This position has been one big “ouch” from the start, but I am still hanging there, at least so far!

1 comment to Its tough to keep Brazil down — BZQ

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