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Shocked that companies and mutual funds would invest OPM (Other People's Money) in high-risk investments, the Shocked Investor was originally on a mission to find out if our money ended up in these dubious instruments. This blog now also discusses other financial topics, such as straddles, options, gold, natural gas, agri/food stocks, and the collapse of the US Dollar.
Bovespa, the major Brazilian stock exchange, was very near an all time high nominal again today, after the Fed's QE2 announcement.
Keep in mind that, on top of that, the Brazilian real has appreciated +46% since January 2009.
We track all Brazilian stocks that trade in new York live here, and all Brazilian ETFs here.
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