I haven’t been following the elections down in Brazil, but apparently people are ga-ga about Brazilian stocks today. Excellent! You want to know why? Well, I’ll tell you: I thought it might take weeks to repair the damage done to Brazilian stocks, and I was worried that the slow uplift in those stocks would goose up our markets as well. Happily, the entire surge took place within minutes of the opening bell, and I’m ready to terrorize our South American neighbors once again. I am shorting with impunity.
