The market is scared with the embezzlement scandal. Volume was ridiculously small. If it continues like that tomorrow, the market may tumble.
More Quotes from Marcos Basaglia:
No one really expected a lower rate. It's just that, in the absence of good news, a flat rate added to the profit taking.Marcos Basaglia
The problem is that all those shares had already risen enough. People who bought them now keep asking 'Why our stocks are not growing' - and they are not rising exactly because those people already bought them. The price is high.
Marcos Basaglia
Uncertainty over Congress alliances is affecting the market. If it is not resolved -- if the president stays without allies there -- the market reaction may be quite strong.
Marcos Basaglia
It's all falling apart today. Everything started with the Nasdaq, and then one thing pushed down another.
Marcos Basaglia
This is a technical adjustment it's too soon to talk of optimism. Some stocks showed healthy gains but they were the ones that lost out most.
Marcos Basaglia
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Those were the days, you know. It's an English thing; as soon as it's gets to 6 pm, you have to go and have a drink. We used to stick to that religiously.
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