But volume is low and there isn't much interest around unfortunately. |
Even when Argentina gets things right in the short term, investors worry about the problems still to come. |
I think a lot of people are still afraid about what could happen. |
I've never seen a market so volatile. |
If you put all that together you end up with a reduction in volume. |
In the U.S. [investors] were disappointed with Cisco. Here we have a political problem still unresolved and forthcoming expiries of options and futures, which always bring volatility. |
In the United States, there's the question of technology companies' earnings that is complicating matters. The market is highly volatile, with options expiration, oil prices falling. It's a combination of many things. |
Investors are beginning to sell the issue as there won't be anything to roll over to. |
Investors are interested in Brazil because the prices are very cheap. |
It was a textbook situation, when you buy on rumor and sell on the fact. |
It's rising more on New York than anything else. |
Many say it was the Argentine news that brought us down. |
Nobody wants government paper, here or abroad. The basic reason for that is the 'Lula is coming!' panic, which brings other consequences such as speculation and liquidity problems. |
Now everybody is wondering whether ours will lower as well. |
On Monday you have the options expiration and you're going to see very high volume. After that, my guess is it's going to be flat. I don't see any direction in the short term. |