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'It wasn't too long ago when many bullish investors were comparing Brazil to the United States of fifty or sixty years ago. The country was full of promise and had several macro trends (demographics, commodity bull market, etc.) working in its favor. That was then.

Today, Brazil is trading down nearly 30% from its highs earlier in the year as tighter monetary policy and a general global slowdown have taken their toll on sentiment and stock prices.

The US, on the other hand, is holding up realtively well - although don't tell that to anyone long stocks right now. With a decline of 14.7% from its closing peak on 4/29, the S&P 500 down less than half that of Brazil's Bovespa index.'
GG Home Fool
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