In front of a holiday weekend, the shorts are in a bad spot here and I don't want to be the last one out of the door. I have gotten out of the short and will wait for a better spot to get short, probably at the open on Tuesday.
The animal spirits are back, and based on the strength of the rally over the past 3 days, and it should last till late September.
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That was wierd. I was short EWZ (Brazil). I did well. But it concerns me that everything else including Latin America rose.
Petrobras is doing a $30 billion plus stock offering which is very large, especially for an emerging market. It might be effecting the overall Brazilian market.
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