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March 14 (Bloomberg) -- Brazilian stocks fell for the third time this week after banks were downgraded by Goldman Sachs Group Inc. and Cosan SA Industria e Comercio, the world largest sugar- cane processor, reported its first loss in two years.


Brazil is a vibrant and completely energy independent economic powerhouse that has only just begun to awaken.  Latin America itself is also a great (and safer) derivative play on China and India growth.  Who in the world are these bozos to downgrade Brazil?  They are the same people who told us to sell gold back in November 2007 because the dollar is going to stablize.  I have a green thumb only policy on this account (I only rate stocks I actualy own) or else I would give GS a red thumb now.  In fact I can think of another kind of finger I'd like to give them.  


Prediction #1  Brazil (EWZ), RIO, and ITU will outperform S&P in 2008

GS will underperform S&P in 2008.  

 Now for some fun.  

 Gold is up 21% since Goldman Sachs sell article back in Nov 2007.  

 GS stock shares are down 31% in the same time period. So they have lost their shareholders ONE-THIRD of their value in a few months.  Way to go guys!




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