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Old 10-14-2011, 06:47 AM
 
3,313 posts, read 4,315,781 times
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Define "long".

Define "short".

Then, we can discuss.

I consider Brazil still to be a better bet than India. India has too many infrastructure and corruption issues. Brazilian ETFs will come flying back. I bought one in low $30s, watched it zoom to near $80, and then come crashing back to the $50s. Still up overall, and it kicks out great dividends (14.8% dividend yield last year).

You and I may have different definitions of "long".
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Old 10-14-2011, 08:10 AM
 
Location: Wherever women are
19,011 posts, read 26,893,288 times
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India has corruption, alright, but let's take this whole year for example.

My US stock portfolio got absolutely clobbered. One month I'm 20% up, the next I'm 20% down. Ever since the downgrade by S&P, I have not seen green Any green I see vanishes in 48 hours, thanks to the Spartans

Any cash I cashed out was daytrading some of the volatility.

On the other hand, I have been sleeping at peace with my Indian portfolio and my father's where I'm a joint account holder. Despite the billion dollar 2G telecom scam, I have been up throughout the year. It's showing strength. I just learned to avoid corrupt stocks like the likes of Reliance and some telecom/media goons who are deeply involved in the local politics.

The only risk area I see in the short term is tech stocks. If the US puts in some regulations to tighten offshoring, I'll short all these bastards in a merry ride. But unfortunately, the American policy makers are in no mood of curbing Indian tech.

So, what do you have in Brazil? Petrobas?
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