MercoPress. South Atlantic News Agency
Brazils' Bovespa and Real plunge as Dilma climbs in polls with less than a week to election
Brazilian financial markets took a beating on Monday after polls showed President Dilma Rousseff pulling past challenger Marina Silva ahead of Sunday's election. The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years. Read full article
Comments
Disclaimer & comment rulesWestern speculators should be banned from operating in the Brazilian market.
Sep 30th, 2014 - 07:13 am - Link - Report abuse 0It was a good start.
Anyway, this is the way. The government should always pursuing the speculators, giving emphasis on production and good governance.
This volatility of the stock market is proof that the system of equity is not socially useful and needs to be reviewed and reformed. The government should regulate it more appropriately.
Regarding the exchange rate, the Central Bank should let the dollar float freely on high. And only use restraint devices when the trend is the appreciation of the R$.
What would be the result if the Central Bank bought a huge amount of dollars in a day and sell the same amount a few days later? I bet many speculators would throw the windows.
Not a good sign.
Sep 30th, 2014 - 04:14 pm - Link - Report abuse 0Friend, why not is good?
Sep 30th, 2014 - 04:18 pm - Link - Report abuse 0“The Brazilian currency closed at its weakest level since December 2008 while the benchmark Bovespa stock index notched its biggest one-day loss in over three years.”
Sep 30th, 2014 - 05:34 pm - Link - Report abuse 0So the business community and investors have decided they don't want Dumbass Dilma or any of her lying and incompetent minions.
Can't say I blame them.
@1 & 3...pure, unadulterated shit, as usual.
Oct 01st, 2014 - 02:59 pm - Link - Report abuse 0@2 BOTINHO
Don't waste your time trying to expain it to the idiot....he won't understand...he doesn't even understand why 2 + 2 is not 5.
The fact that the Real lost value, and that the BOVESPA index went south, is no surprise. Just wondering if Dilma will threaten to prosecute the market for reacting so unfavourably towards the possibility of her winning the election.. ....what's happening here is just a reconfirmation of what the Santander executives said 3 months ago in one of their circular letters to their biggest clients...the market booms when DumbAss looks like she might lose, and crashes when her chances of getting re-elected, increase.
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