Brazil Nuts

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Well, it’s nice to see at least ONE equity market getting blown all to hell. That’s Brazil. In a way, this collapse was neatly predicted by the ultrashort BZQ, which had a beautiful base. It has been a monster ever since.

Individual stocks are obviously getting obliterated as well. Once the long-term trendline on Banco Santander was busted, it was game over.

Sigh. How jealous I feel. If Brazil can burst into flames, why can’t we? Come on, America. You can do it!

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